DBXD.DE vs. EUNN.DE
DBXD.DE (Xtrackers DAX UCITS ETF 1C) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - DBXD.DE is a Europe Equities fund tracking the DAX®, while EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI. Both are passively managed. Over the past 10 years, DBXD.DE returned 9.03%/yr vs 8.53%/yr for EUNN.DE. A 0.54 correlation means they provide meaningful diversification when combined. DBXD.DE charges 0.09%/yr vs 0.12%/yr for EUNN.DE.
Performance
DBXD.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXD.DE achieves a 0.89% return, which is significantly lower than EUNN.DE's 15.08% return. Over the past 10 years, DBXD.DE has outperformed EUNN.DE with an annualized return of 9.03%, while EUNN.DE has yielded a comparatively lower 8.53% annualized return.
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
EUNN.DE
- 1D
- -2.52%
- 1M
- -5.18%
- 6M
- 8.06%
- YTD
- 15.08%
- 1Y
- 32.94%
- 3Y*
- 15.60%
- 5Y*
- 9.33%
- 10Y*
- 8.53%
DBXD.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 24.69% | -18.52% | 12.12% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 15.08% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between DBXD.DE and EUNN.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.54 |
The correlation between DBXD.DE and EUNN.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
DBXD.DE vs. EUNN.DE — Risk / Return Rank
DBXD.DE
EUNN.DE
DBXD.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers DAX UCITS ETF 1C (DBXD.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| DBXD.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | 3.27 | -3.15 |
| Martin ratioReturn relative to average drawdown | 0.36 | 10.78 | -10.42 |
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Drawdowns
DBXD.DE vs. EUNN.DE - Drawdown Comparison
The maximum DBXD.DE drawdown since its inception was -54.83%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for DBXD.DE and EUNN.DE.
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Drawdown Indicators
| DBXD.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.83% | -28.56% | -26.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -9.58% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -15.81% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.70% | -19.41% | -7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -38.83% | -28.56% | -10.27% |
Current DrawdownCurrent decline from peak | -3.84% | -6.26% | +2.42% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -6.83% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 2.91% | +1.04% |
Volatility
DBXD.DE vs. EUNN.DE - Volatility Comparison
The current volatility for Xtrackers DAX UCITS ETF 1C (DBXD.DE) is 4.65%, while iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a volatility of 6.29%. This indicates that DBXD.DE experiences smaller price fluctuations and is considered to be less risky than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBXD.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 6.29% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.55% | 15.79% | -2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 19.09% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 16.28% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.14% | +1.95% |
DBXD.DE vs. EUNN.DE - Expense Ratio Comparison
DBXD.DE has a 0.09% expense ratio, which is lower than EUNN.DE's 0.12% 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
DBXD.DE vs. EUNN.DE - Dividend Comparison
Neither DBXD.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
DBXD.DE and EUNN.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for EUNN.DE.
DBXD.DE is categorized as Europe Equities, while EUNN.DE is Japan Equities. DBXD.DE tracks DAX®, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for DBXD.DE and 0.12% for EUNN.DE.
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