EMNJ.DE vs. XNKY.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both Japan Equities funds - EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index while XNKY.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, EMNJ.DE returned 9.72%/yr vs 13.15%/yr for XNKY.DE. Their correlation of 0.91 suggests significant overlap in exposure. EMNJ.DE charges 0.15%/yr vs 0.09%/yr for XNKY.DE.
Performance
EMNJ.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly lower than XNKY.DE's 34.73% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
XNKY.DE
- 1D
- 0.00%
- 1M
- -1.17%
- 6M
- 26.91%
- YTD
- 34.73%
- 1Y
- 62.74%
- 3Y*
- 22.79%
- 5Y*
- 13.15%
- 10Y*
- —
EMNJ.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 7.12% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 34.73% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
Correlation
The correlation between EMNJ.DE and XNKY.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.91 |
The correlation between EMNJ.DE and XNKY.DE has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
EMNJ.DE vs. XNKY.DE — Risk / Return Rank
EMNJ.DE
XNKY.DE
EMNJ.DE vs. XNKY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) and Xtrackers Nikkei 225 UCITS ETF (XNKY.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.
| EMNJ.DE | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 4.85 | -1.14 |
| Martin ratioReturn relative to average drawdown | 12.48 | 14.07 | -1.59 |
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Drawdowns
EMNJ.DE vs. XNKY.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, which is greater than XNKY.DE's maximum drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and XNKY.DE.
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Drawdown Indicators
| EMNJ.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -21.47% | -6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -12.99% | +2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -20.16% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -21.15% | +1.24% |
Current DrawdownCurrent decline from peak | -2.74% | -6.74% | +4.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -7.79% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 4.47% | -1.28% |
Volatility
EMNJ.DE vs. XNKY.DE - Volatility Comparison
The current volatility for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) is 6.67%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 9.42%. This indicates that EMNJ.DE experiences smaller price fluctuations and is considered to be less risky than XNKY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNJ.DE | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 9.42% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 20.75% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 25.77% | -5.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 19.14% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 18.78% | -0.52% |
EMNJ.DE vs. XNKY.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is higher than XNKY.DE's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMNJ.DE vs. XNKY.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while XNKY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNJ.DE and XNKY.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EMNJ.DE.
EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while XNKY.DE tracks Nikkei 225®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for EMNJ.DE and 0.09% for XNKY.DE.
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