CUKX.L vs. XDAX.L

Last updated Jun 13, 2026

CUKX.L (iShares FTSE 100 UCITS ETF) and XDAX.L (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - CUKX.L is a fund fund tracking the FTSE 100 Index, while XDAX.L is a Europe Equities fund tracking the FSE DAX TR EUR. Both are passively managed. Over the past 10 years, CUKX.L returned 9.82%/yr vs 7.87%/yr for XDAX.L. A 0.74 correlation means they provide meaningful diversification when combined. CUKX.L charges 0.07%/yr vs 0.09%/yr for XDAX.L.

Performance

CUKX.L vs. XDAX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares FTSE 100 UCITS ETF (CUKX.L) and Xtrackers DAX UCITS ETF 1C (XDAX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CUKX.L achieves a 7.04% return, which is significantly higher than XDAX.L's -1.06% return. Over the past 10 years, CUKX.L has outperformed XDAX.L with an annualized return of 9.82%, while XDAX.L has yielded a comparatively lower 7.87% annualized return.

CUKX.L

• 1D: 1.55%
• 1M: 1.52%
• YTD: 7.04%
• 6M: 10.02%
• 1Y: 21.65%
• 3Y*: 15.22%
• 5Y*: 11.77%
• 10Y*: 9.82%

XDAX.L

• 1D: 1.70%
• 1M: 1.66%
• YTD: -1.06%
• 6M: -0.40%
• 1Y: 4.61%
• 3Y*: 14.74%
• 5Y*: 9.05%
• 10Y*: 7.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CUKX.L vs. XDAX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CUKX.L iShares FTSE 100 UCITS ETF	7.04%	25.78%	9.30%	7.72%	4.97%	17.48%	-11.28%	17.23%	-9.05%	12.45%
XDAX.L Xtrackers DAX UCITS ETF 1C	-1.06%	28.81%	13.14%	17.20%	-7.58%	7.86%	9.38%	16.48%	-17.14%	-0.54%

Correlation

The correlation between CUKX.L and XDAX.L is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010	0.74

The correlation between CUKX.L and XDAX.L shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.

CUKX.L vs. XDAX.L - Sectors Allocation Comparison

Sectors	CUKX.L	XDAX.L
Financial Services	25.1%	21.0%
Industrials	14.0%	34.8%
Healthcare	13.5%	5.7%
Consumer Defensive	13.0%	0.9%
Energy	10.9%	-
Basic Materials	9.1%	5.3%
Consumer Cyclical	5.1%	7.0%
Utilities	5.0%	5.0%
Communication Services	2.6%	6.1%
Real Estate	0.9%	1.0%
Technology	0.8%	13.2%

Return for Risk

CUKX.L vs. XDAX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CUKX.L

CUKX.L Risk / Return Rank: 64
CUKX.L Sharpe Ratio Rank: 69
CUKX.L Sortino Ratio Rank: 70
CUKX.L Omega Ratio Rank: 71
CUKX.L Calmar Ratio Rank: 55
CUKX.L Martin Ratio Rank: 53

XDAX.L

XDAX.L Risk / Return Rank: 14
XDAX.L Sharpe Ratio Rank: 14
XDAX.L Sortino Ratio Rank: 13
XDAX.L Omega Ratio Rank: 13
XDAX.L Calmar Ratio Rank: 14
XDAX.L Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CUKX.L vs. XDAX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 100 UCITS ETF (CUKX.L) and Xtrackers DAX UCITS ETF 1C (XDAX.L). 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.

	CUKX.L	XDAX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.95	0.30	+1.65
Sortino ratio: Return per unit of downside risk	2.73	0.53	+2.20
Omega ratio: Gain probability vs. loss probability	1.36	1.06	+0.30
Calmar ratio: Return relative to maximum drawdown	2.42	0.36	+2.07
Martin ratio: Return relative to average drawdown	7.99	1.13	+6.86

CUKX.L vs. XDAX.L - Sharpe Ratio Comparison

The current CUKX.L Sharpe Ratio is 1.95, which is higher than the XDAX.L Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of CUKX.L and XDAX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CUKX.L vs. XDAX.L - Drawdown Comparison

The maximum CUKX.L drawdown since its inception was -34.50%, smaller than the maximum XDAX.L drawdown of -53.95%. Use the drawdown chart below to compare losses from any high point for CUKX.L and XDAX.L.

Drawdown Indicators

	CUKX.L	XDAX.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.50%	-53.95%	+19.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.89%	-12.83%	+3.94%
Max Drawdown (3Y) Largest decline over 3 years	-12.88%	-13.98%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-12.88%	-23.44%	+10.56%
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	-43.99%	+9.49%
Current Drawdown Current decline from peak	-3.09%	-4.51%	+1.42%
Average Drawdown Average peak-to-trough decline	-4.32%	-13.19%	+8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	4.06%	-1.36%

Volatility

CUKX.L vs. XDAX.L - Volatility Comparison

The current volatility for iShares FTSE 100 UCITS ETF (CUKX.L) is 3.63%, while Xtrackers DAX UCITS ETF 1C (XDAX.L) has a volatility of 4.27%. This indicates that CUKX.L experiences smaller price fluctuations and is considered to be less risky than XDAX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CUKX.L	XDAX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	4.27%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	9.68%	12.53%	-2.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	15.30%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	18.95%	-6.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	19.54%	-4.46%

CUKX.L vs. XDAX.L - Expense Ratio Comparison

CUKX.L has a 0.07% expense ratio, which is lower than XDAX.L's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CUKX.L vs. XDAX.L - Dividend Comparison

Neither CUKX.L nor XDAX.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CUKX.L and XDAX.L in my portfolio?

CUKX.L and XDAX.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CUKX.L or XDAX.L?

On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CUKX.L or XDAX.L?

CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.09% for XDAX.L.

What is the main difference between CUKX.L and XDAX.L?

CUKX.L tracks FTSE 100 Index, while XDAX.L tracks FSE DAX TR EUR. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for CUKX.L and 0.09% for XDAX.L.