IUS4.DE vs. XMK9.DE
IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds - IUS4.DE tracks the MSCI Japan Small Cap while XMK9.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, IUS4.DE returned 7.46%/yr vs 13.95%/yr for XMK9.DE. A 0.71 correlation means they provide meaningful diversification when combined. IUS4.DE charges 0.58%/yr vs 0.40%/yr for XMK9.DE.
Performance
IUS4.DE vs. XMK9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUS4.DE achieves a 14.74% return, which is significantly lower than XMK9.DE's 19.57% return. Over the past 10 years, IUS4.DE has underperformed XMK9.DE with an annualized return of 7.46%, while XMK9.DE has yielded a comparatively higher 13.95% annualized return.
IUS4.DE
- 1D
- 0.43%
- 1M
- 5.25%
- YTD
- 14.74%
- 6M
- 16.38%
- 1Y
- 27.12%
- 3Y*
- 14.63%
- 5Y*
- 8.34%
- 10Y*
- 7.46%
XMK9.DE
- 1D
- 0.46%
- 1M
- 7.79%
- YTD
- 19.57%
- 6M
- 21.56%
- 1Y
- 50.92%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
IUS4.DE vs. XMK9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.74% | 15.96% | 9.46% | 9.42% | -7.69% | 5.35% | -2.06% | 21.73% | -13.13% | 15.52% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 19.57% | 27.06% | 22.49% | 33.31% | -6.05% | 11.97% | 7.34% | 17.42% | -16.83% | 18.79% |
Correlation
The correlation between IUS4.DE and XMK9.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2012 | 0.71 |
The correlation between IUS4.DE and XMK9.DE has been stable across timeframes, ranging from 0.66 to 0.72 - a consistent structural relationship.
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Return for Risk
IUS4.DE vs. XMK9.DE — Risk / Return Rank
IUS4.DE
XMK9.DE
IUS4.DE vs. XMK9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) and Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.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.
| IUS4.DE | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 5.21 | -2.54 |
| Martin ratioReturn relative to average drawdown | 9.26 | 17.91 | -8.65 |
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
| IUS4.DE | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.64 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.01 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.74 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.70 | -0.14 |
Drawdowns
IUS4.DE vs. XMK9.DE - Drawdown Comparison
The maximum IUS4.DE drawdown since its inception was -32.63%, roughly equal to the maximum XMK9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for IUS4.DE and XMK9.DE.
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Drawdown Indicators
| IUS4.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -34.29% | +1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -9.72% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -21.74% | +8.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -21.74% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -32.63% | -34.29% | +1.66% |
Current DrawdownCurrent decline from peak | -0.73% | 0.00% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -7.71% | +1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.83% | +0.09% |
Volatility
IUS4.DE vs. XMK9.DE - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) is 3.47%, while Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a volatility of 3.68%. This indicates that IUS4.DE experiences smaller price fluctuations and is considered to be less risky than XMK9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUS4.DE | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 3.68% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 14.80% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.94% | 19.21% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 18.65% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 18.80% | -2.86% |
IUS4.DE vs. XMK9.DE - Expense Ratio Comparison
IUS4.DE has a 0.58% expense ratio, which is higher than XMK9.DE's 0.40% expense ratio.
Dividends
IUS4.DE vs. XMK9.DE - Dividend Comparison
IUS4.DE's dividend yield for the trailing twelve months is around 0.87%, while XMK9.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.87% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 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
IUS4.DE and XMK9.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMK9.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMK9.DE is cheaper with a 0.40% expense ratio, compared with 0.58% for IUS4.DE.
IUS4.DE tracks MSCI Japan Small Cap, while XMK9.DE tracks MSCI Japan. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.58% for IUS4.DE and 0.40% for XMK9.DE.
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