DBJP vs. ^N225

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Nikkei 225 (^N225).

DBJP is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Japan US Dollar Hedged Index. It was launched on Jun 9, 2011.

Performance

DBJP vs. ^N225 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Nikkei 225 (^N225). The values are adjusted to include any dividend payments, if applicable.

DBJP vs. ^N225 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBJP Xtrackers MSCI Japan Hedged Equity ETF	9.63%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%
^N225 Nikkei 225	-0.20%	26.56%	7.17%	19.21%	-20.48%	-5.90%	22.42%	19.73%	-10.20%	23.76%

Different Trading Currencies

DBJP is traded in USD, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DBJP achieves a 9.63% return, which is significantly higher than ^N225's -0.06% return. Over the past 10 years, DBJP has outperformed ^N225 with an annualized return of 15.47%, while ^N225 has yielded a comparatively lower 8.30% annualized return.

DBJP

• 1D: 2.73%
• 1M: -2.62%
• YTD: 9.63%
• 6M: 22.76%
• 1Y: 45.69%
• 3Y*: 29.91%
• 5Y*: 19.11%
• 10Y*: 15.47%

^N225

• 1D: 0.00%
• 1M: -12.84%
• YTD: -0.06%
• 6M: 6.16%
• 1Y: 35.11%
• 3Y*: 14.74%
• 5Y*: 3.57%
• 10Y*: 8.30%

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

Return for Risk

DBJP vs. ^N225 — Risk / Return Rank

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

DBJP

DBJP Risk / Return Rank: 91
DBJP Sharpe Ratio Rank: 89
DBJP Sortino Ratio Rank: 90
DBJP Omega Ratio Rank: 89
DBJP Calmar Ratio Rank: 93
DBJP Martin Ratio Rank: 93

^N225

^N225 Risk / Return Rank: 92
^N225 Sharpe Ratio Rank: 94
^N225 Sortino Ratio Rank: 97
^N225 Omega Ratio Rank: 94
^N225 Calmar Ratio Rank: 87
^N225 Martin Ratio Rank: 87

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.

DBJP vs. ^N225 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Nikkei 225 (^N225). 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.

	DBJP	^N225	Difference
Sharpe ratio Return per unit of total volatility	1.94	1.25	+0.69
Sortino ratio Return per unit of downside risk	2.62	1.91	+0.71
Omega ratio Gain probability vs. loss probability	1.39	1.25	+0.14
Calmar ratio Return relative to maximum drawdown	3.69	1.74	+1.95
Martin ratio Return relative to average drawdown	14.11	6.12	+7.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBJP vs. ^N225 - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 1.94, which is higher than the ^N225 Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of DBJP and ^N225, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBJP	^N225	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.25	+0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	0.16	+0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.40	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.19	+0.47

Correlation

The correlation between DBJP and ^N225 is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

DBJP vs. ^N225 - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum ^N225 drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for DBJP and ^N225.

Drawdown Indicators

	DBJP	^N225	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-81.87%	+50.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.11%	-13.23%	+1.12%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-26.26%	+4.76%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-31.80%	+0.50%
Current Drawdown Current decline from peak	-4.71%	-7.92%	+3.21%
Average Drawdown Average peak-to-trough decline	-7.35%	-34.31%	+26.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	4.61%	-1.45%

Volatility

DBJP vs. ^N225 - Volatility Comparison

The current volatility for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) is 7.74%, while Nikkei 225 (^N225) has a volatility of 9.66%. This indicates that DBJP experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	^N225	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.74%	9.66%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	14.81%	18.72%	-3.91%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	28.11%	-4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	23.18%	-4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	21.27%	-1.49%