IESE.AS vs. XDNS.L
IESE.AS (iShares MSCI Europe SRI UCITS ETF EUR (Acc)) and XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) are both exchange-traded funds - IESE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, IESE.AS returned 7.82%/yr vs 8.85%/yr for XDNS.L. A 0.53 correlation means they provide meaningful diversification when combined. IESE.AS charges 0.20%/yr vs 0.15%/yr for XDNS.L.
Performance
IESE.AS vs. XDNS.L - Performance Comparison
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Different Trading Currencies
IESE.AS is traded in EUR, while XDNS.L is traded in GBp. To make them comparable, the XDNS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IESE.AS achieves a 6.26% return, which is significantly lower than XDNS.L's 17.26% return. Over the past 10 years, IESE.AS has underperformed XDNS.L with an annualized return of 7.82%, while XDNS.L has yielded a comparatively higher 8.85% annualized return.
IESE.AS
- 1D
- -0.98%
- 1M
- 4.02%
- YTD
- 6.26%
- 6M
- 8.13%
- 1Y
- 5.45%
- 3Y*
- 6.57%
- 5Y*
- 5.21%
- 10Y*
- 7.82%
XDNS.L
- 1D
- 0.88%
- 1M
- 7.90%
- YTD
- 17.26%
- 6M
- 18.23%
- 1Y
- 29.06%
- 3Y*
- 14.63%
- 5Y*
- 9.38%
- 10Y*
- 8.85%
IESE.AS vs. XDNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc) | 6.26% | 2.40% | 6.46% | 16.38% | -14.87% | 27.26% | 3.74% | 29.04% | -6.71% | 11.41% |
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 17.26% | 10.75% | 14.92% | 13.93% | -12.19% | 7.70% | 6.03% | 21.80% | -11.46% | 10.37% |
Correlation
The correlation between IESE.AS and XDNS.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015 | 0.53 |
The correlation between IESE.AS and XDNS.L has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
IESE.AS vs. XDNS.L — Risk / Return Rank
IESE.AS
XDNS.L
IESE.AS vs. XDNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L). 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.
| IESE.AS | XDNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.34 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 3.55 | -3.02 |
| Martin ratioReturn relative to average drawdown | 1.41 | 10.90 | -9.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IESE.AS | XDNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 1.82 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.65 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.59 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.45 | +0.05 |
Drawdowns
IESE.AS vs. XDNS.L - Drawdown Comparison
The maximum IESE.AS drawdown since its inception was -33.34%, which is greater than XDNS.L's maximum drawdown of -29.03%. Use the drawdown chart below to compare losses from any high point for IESE.AS and XDNS.L.
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Drawdown Indicators
| IESE.AS | XDNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -29.03% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.05% | -10.25% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -16.70% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.66% | -19.77% | -3.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.34% | -29.03% | -4.31% |
Current DrawdownCurrent decline from peak | -1.88% | 0.00% | -1.88% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -6.27% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 4.54% | -0.70% |
Volatility
IESE.AS vs. XDNS.L - Volatility Comparison
iShares MSCI Europe SRI UCITS ETF EUR (Acc) (IESE.AS) has a higher volatility of 4.74% compared to Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) at 3.76%. This indicates that IESE.AS's price experiences larger fluctuations and is considered to be riskier than XDNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IESE.AS | XDNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 3.76% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 14.75% | -3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 20.01% | -6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 18.73% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 17.89% | -2.60% |
IESE.AS vs. XDNS.L - Expense Ratio Comparison
IESE.AS has a 0.20% expense ratio, which is higher than XDNS.L's 0.15% 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
IESE.AS vs. XDNS.L - Dividend Comparison
IESE.AS has not paid dividends to shareholders, while XDNS.L's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IESE.AS iShares MSCI Europe SRI UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 1.43% | 1.63% | 1.65% | 1.81% | 2.83% | 1.46% | 1.79% | 1.77% | 1.20% | 1.97% | 0.64% |
Frequently Asked Questions
IESE.AS and XDNS.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IESE.AS.
IESE.AS is categorized as Europe Equities, while XDNS.L is Japan Equities. IESE.AS tracks MSCI Europe NR EUR, while XDNS.L tracks TOPIX TR JPY. They also come from different issuers: iShares and DWS. Their fees differ too: 0.20% for IESE.AS and 0.15% for XDNS.L.
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