H411.DE vs. XNKY.DE
H411.DE (HSBC MSCI AC Far East ex Japan UCITS ETF USD) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both exchange-traded funds - H411.DE is a Asia Pacific Equities fund tracking the MSCI AC Far East ex Japan, while XNKY.DE is a Japan Equities fund tracking the Nikkei 225®. Both are passively managed. Over the past 5 years, H411.DE returned 8.58%/yr vs 13.79%/yr for XNKY.DE. A 0.53 correlation means they provide meaningful diversification when combined. H411.DE charges 0.45%/yr vs 0.09%/yr for XNKY.DE.
Performance
H411.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, H411.DE achieves a 36.18% return, which is significantly lower than XNKY.DE's 41.42% return.
H411.DE
- 1D
- -1.73%
- 1M
- 0.36%
- YTD
- 36.18%
- 6M
- 38.98%
- 1Y
- 62.52%
- 3Y*
- 25.64%
- 5Y*
- 8.58%
- 10Y*
- 10.95%
XNKY.DE
- 1D
- 0.00%
- 1M
- 9.39%
- YTD
- 41.42%
- 6M
- 42.24%
- 1Y
- 64.00%
- 3Y*
- 24.94%
- 5Y*
- 13.79%
- 10Y*
- —
H411.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
H411.DE HSBC MSCI AC Far East ex Japan UCITS ETF USD | 36.18% | 25.21% | 18.89% | -1.57% | -16.06% | -1.91% | 4.15% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 41.42% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
Correlation
The correlation between H411.DE and XNKY.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.53 |
The correlation between H411.DE and XNKY.DE shifts across timeframes, from 0.52 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
H411.DE vs. XNKY.DE — Risk / Return Rank
H411.DE
XNKY.DE
H411.DE vs. XNKY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.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.
| H411.DE | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.60 | 5.23 | +0.37 |
| Martin ratioReturn relative to average drawdown | 18.18 | 15.64 | +2.54 |
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Drawdowns
H411.DE vs. XNKY.DE - Drawdown Comparison
The maximum H411.DE drawdown since its inception was -38.70%, 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 H411.DE and XNKY.DE.
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Drawdown Indicators
| H411.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -21.47% | -17.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -12.99% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.17% | -20.16% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.49% | -21.15% | -13.34% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | — | — |
Current DrawdownCurrent decline from peak | -6.40% | -2.11% | -4.29% |
Average DrawdownAverage peak-to-trough decline | -15.61% | -7.81% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.33% | -0.91% |
Volatility
H411.DE vs. XNKY.DE - Volatility Comparison
HSBC MSCI AC Far East ex Japan UCITS ETF USD (H411.DE) has a higher volatility of 10.64% compared to Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) at 9.20%. This indicates that H411.DE's price experiences larger fluctuations and is considered to be riskier 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
| H411.DE | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.64% | 9.20% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.55% | 20.23% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.71% | 25.15% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 18.97% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 18.67% | +2.45% |
H411.DE vs. XNKY.DE - Expense Ratio Comparison
H411.DE has a 0.45% expense ratio, which is higher than XNKY.DE's 0.09% expense ratio.
Dividends
H411.DE vs. XNKY.DE - Dividend Comparison
Neither H411.DE nor XNKY.DE has paid dividends to shareholders.
Frequently Asked Questions
H411.DE and XNKY.DE have a correlation of 0.65, 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 0.45% for H411.DE.
H411.DE is categorized as Asia Pacific Equities, while XNKY.DE is Japan Equities. H411.DE tracks MSCI AC Far East ex Japan, while XNKY.DE tracks Nikkei 225®. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.45% for H411.DE and 0.09% for XNKY.DE.
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