EUNN.DE vs. DBXD.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - EUNN.DE is a Japan Equities fund tracking the MSCI Japan IMI, while DBXD.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, EUNN.DE returned 8.53%/yr vs 9.03%/yr for DBXD.DE. A 0.54 correlation means they provide meaningful diversification when combined. EUNN.DE charges 0.12%/yr vs 0.09%/yr for DBXD.DE.
Performance
EUNN.DE vs. DBXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNN.DE achieves a 15.08% return, which is significantly higher than DBXD.DE's 0.89% return. Over the past 10 years, EUNN.DE has underperformed DBXD.DE with an annualized return of 8.53%, while DBXD.DE has yielded a comparatively higher 9.03% annualized return.
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
- 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 vs. DBXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between EUNN.DE and DBXD.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 EUNN.DE and DBXD.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
EUNN.DE vs. DBXD.DE — Risk / Return Rank
EUNN.DE
DBXD.DE
EUNN.DE vs. DBXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and Xtrackers DAX UCITS ETF 1C (DBXD.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.
| EUNN.DE | DBXD.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 | 1.31 | 1.03 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 0.12 | +3.15 |
| Martin ratioReturn relative to average drawdown | 10.78 | 0.36 | +10.42 |
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Drawdowns
EUNN.DE vs. DBXD.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.56%, smaller than the maximum DBXD.DE drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and DBXD.DE.
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Drawdown Indicators
| EUNN.DE | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.56% | -54.83% | +26.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -12.32% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -15.92% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -26.70% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.56% | -38.83% | +10.27% |
Current DrawdownCurrent decline from peak | -6.26% | -3.84% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -11.27% | +4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.95% | -1.04% |
Volatility
EUNN.DE vs. DBXD.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) has a higher volatility of 6.29% compared to Xtrackers DAX UCITS ETF 1C (DBXD.DE) at 4.65%. This indicates that EUNN.DE's price experiences larger fluctuations and is considered to be riskier than DBXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUNN.DE | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 4.65% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 13.55% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 16.28% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 17.19% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 18.09% | -1.95% |
EUNN.DE vs. DBXD.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% expense ratio, which is higher than DBXD.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
EUNN.DE vs. DBXD.DE - Dividend Comparison
Neither EUNN.DE nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNN.DE and DBXD.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.
EUNN.DE is categorized as Japan Equities, while DBXD.DE is Europe Equities. EUNN.DE tracks MSCI Japan IMI, while DBXD.DE tracks DAX®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for EUNN.DE and 0.09% for DBXD.DE.
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