EUNW.DE vs. XNKY.DE
EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both exchange-traded funds - EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield, while XNKY.DE is a Japan Equities fund tracking the Nikkei 225®. Both are passively managed. Over the past 5 years, EUNW.DE returned 2.64%/yr vs 12.43%/yr for XNKY.DE. A 0.51 correlation means they provide meaningful diversification when combined. EUNW.DE charges 0.50%/yr vs 0.09%/yr for XNKY.DE.
Performance
EUNW.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNW.DE achieves a 1.08% return, which is significantly lower than XNKY.DE's 32.35% return.
EUNW.DE
- 1D
- 0.34%
- 1M
- 0.71%
- YTD
- 1.08%
- 6M
- 1.74%
- 1Y
- 3.40%
- 3Y*
- 6.20%
- 5Y*
- 2.64%
- 10Y*
- 3.24%
XNKY.DE
- 1D
- -1.43%
- 1M
- 6.07%
- YTD
- 32.35%
- 6M
- 33.84%
- 1Y
- 59.86%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
EUNW.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 1.08% | 4.99% | 5.90% | 11.26% | -9.37% | 2.92% | 5.55% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 32.35% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 13.56% |
Correlation
The correlation between EUNW.DE and XNKY.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.51 |
The correlation between EUNW.DE and XNKY.DE has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
EUNW.DE vs. XNKY.DE — Risk / Return Rank
EUNW.DE
XNKY.DE
EUNW.DE vs. XNKY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.
| EUNW.DE | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.42 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 4.59 | -3.41 |
| Martin ratioReturn relative to average drawdown | 4.94 | 13.91 | -8.97 |
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Drawdowns
EUNW.DE vs. XNKY.DE - Drawdown Comparison
The maximum EUNW.DE drawdown since its inception was -25.47%, 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 EUNW.DE and XNKY.DE.
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Drawdown Indicators
| EUNW.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.47% | -21.47% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -12.99% | +10.13% |
Max Drawdown (3Y)Largest decline over 3 years | -3.80% | -20.16% | +16.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -21.15% | +6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -25.47% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.43% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -7.84% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 4.29% | -3.60% |
Volatility
EUNW.DE vs. XNKY.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) is 0.82%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 6.59%. This indicates that EUNW.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
| EUNW.DE | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 6.59% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 2.96% | 18.61% | -15.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.40% | 23.59% | -20.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.27% | 18.57% | -13.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 18.41% | -11.84% |
EUNW.DE vs. XNKY.DE - Expense Ratio Comparison
EUNW.DE has a 0.50% expense ratio, which is higher than XNKY.DE's 0.09% expense ratio.
Dividends
EUNW.DE vs. XNKY.DE - Dividend Comparison
EUNW.DE's dividend yield for the trailing twelve months is around 5.16%, while XNKY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.16% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUNW.DE and XNKY.DE have a correlation of 0.54, 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 0.50% for EUNW.DE.
EUNW.DE is categorized as European High Yield Bonds, while XNKY.DE is Japan Equities. EUNW.DE tracks iBoxx® EUR Liquid High Yield, while XNKY.DE tracks Nikkei 225®. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.50% for EUNW.DE and 0.09% for XNKY.DE.
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