AW1I.DE vs. XMK9.DE
AW1I.DE (UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds - AW1I.DE tracks the MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped while XMK9.DE tracks the MSCI Japan. Both are passively managed. Over the past 3 years, AW1I.DE returned 17.64%/yr vs 26.71%/yr for XMK9.DE. Their correlation of 0.81 suggests significant overlap in exposure. AW1I.DE charges 0.15%/yr vs 0.40%/yr for XMK9.DE.
Performance
AW1I.DE vs. XMK9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1I.DE achieves a 19.55% return, which is significantly lower than XMK9.DE's 20.76% return.
AW1I.DE
- 1D
- 0.00%
- 1M
- 2.07%
- 6M
- 12.93%
- YTD
- 19.55%
- 1Y
- 39.39%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
XMK9.DE
- 1D
- -0.98%
- 1M
- 0.82%
- 6M
- 13.78%
- YTD
- 20.76%
- 1Y
- 49.69%
- 3Y*
- 26.71%
- 5Y*
- 19.70%
- 10Y*
- 14.18%
AW1I.DE vs. XMK9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1I.DE UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc | 19.55% | 13.16% | 14.27% | 15.68% | -13.31% | 4.61% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 20.76% | 27.06% | 22.48% | 33.32% | -6.06% | 4.21% |
Correlation
The correlation between AW1I.DE and XMK9.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.81 |
The correlation between AW1I.DE and XMK9.DE has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
AW1I.DE vs. XMK9.DE — Risk / Return Rank
AW1I.DE
XMK9.DE
AW1I.DE vs. XMK9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) and Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.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.
| AW1I.DE | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 5.08 | -1.32 |
| Martin ratioReturn relative to average drawdown | 12.20 | 16.58 | -4.39 |
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Drawdowns
AW1I.DE vs. XMK9.DE - Drawdown Comparison
The maximum AW1I.DE drawdown since its inception was -19.66%, smaller than the maximum XMK9.DE drawdown of -34.30%. Use the drawdown chart below to compare losses from any high point for AW1I.DE and XMK9.DE.
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Drawdown Indicators
| AW1I.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.66% | -34.30% | +14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.73% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -21.74% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.30% | — |
Current DrawdownCurrent decline from peak | -2.56% | -3.16% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -7.62% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.99% | +0.25% |
Volatility
AW1I.DE vs. XMK9.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) is 6.50%, while Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a volatility of 7.31%. This indicates that AW1I.DE experiences smaller price fluctuations and is considered to be less risky than XMK9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1I.DE | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 7.31% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 16.45% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 20.66% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 18.90% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 18.51% | -1.62% |
AW1I.DE vs. XMK9.DE - Expense Ratio Comparison
AW1I.DE has a 0.15% expense ratio, which is lower than XMK9.DE's 0.40% expense ratio.
Dividends
AW1I.DE vs. XMK9.DE - Dividend Comparison
Neither AW1I.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, AW1I.DE and XMK9.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, AW1I.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1I.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for XMK9.DE.
AW1I.DE tracks MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while XMK9.DE tracks MSCI Japan. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.15% for AW1I.DE and 0.40% for XMK9.DE.
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