540J.DE vs. XB4A.DE
540J.DE (Amundi MSCI Switzerland UCITS ETF EUR) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - 540J.DE tracks the MSCI Switzerland while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, 540J.DE returned 9.28%/yr vs 14.60%/yr for XB4A.DE. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.25% expense ratio.
Performance
540J.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 540J.DE achieves a 10.74% return, which is significantly lower than XB4A.DE's 22.80% return. Over the past 10 years, 540J.DE has underperformed XB4A.DE with an annualized return of 9.28%, while XB4A.DE has yielded a comparatively higher 14.60% annualized return.
540J.DE
- 1D
- 1.56%
- 1M
- 4.29%
- 6M
- 9.39%
- YTD
- 10.74%
- 1Y
- 22.37%
- 3Y*
- 11.85%
- 5Y*
- 8.05%
- 10Y*
- 9.28%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
540J.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
540J.DE Amundi MSCI Switzerland UCITS ETF EUR | 10.74% | 18.39% | 3.70% | 10.71% | -12.90% | 29.35% | 1.20% | 35.11% | -4.78% | 7.45% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between 540J.DE and XB4A.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2011 | 0.48 |
The correlation between 540J.DE and XB4A.DE shifts across timeframes, from 0.35 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
540J.DE vs. XB4A.DE — Risk / Return Rank
540J.DE
XB4A.DE
540J.DE vs. XB4A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) and Xtrackers ATX UCITS ETF (Acc) (XB4A.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 540J.DE | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 4.13 | -2.27 |
| Martin ratioReturn relative to average drawdown | 6.55 | 13.97 | -7.42 |
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Drawdowns
540J.DE vs. XB4A.DE - Drawdown Comparison
The maximum 540J.DE drawdown since its inception was -26.00%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for 540J.DE and XB4A.DE.
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Drawdown Indicators
| 540J.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -53.54% | +27.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -10.88% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -16.26% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | -32.50% | +14.86% |
Max Drawdown (10Y)Largest decline over 10 years | -26.00% | -53.54% | +27.54% |
Current DrawdownCurrent decline from peak | -1.31% | -3.43% | +2.12% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -9.88% | +4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 3.23% | +0.18% |
Volatility
540J.DE vs. XB4A.DE - Volatility Comparison
The current volatility for Amundi MSCI Switzerland UCITS ETF EUR (540J.DE) is 4.60%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that 540J.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 540J.DE | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 4.97% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 14.95% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 17.66% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.73% | 19.15% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 20.15% | -6.10% |
540J.DE vs. XB4A.DE - Expense Ratio Comparison
Both 540J.DE and XB4A.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
540J.DE vs. XB4A.DE - Dividend Comparison
Neither 540J.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
540J.DE and XB4A.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
540J.DE and XB4A.DE have the same expense ratio: 0.25% per year.
540J.DE tracks MSCI Switzerland, while XB4A.DE tracks ATX Index. They also come from different issuers: Amundi and Xtrackers.
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