KOKU vs. CN

Last updated Jun 6, 2026

KOKU (Xtrackers MSCI Kokusai Equity ETF) and CN (Xtrackers MSCI All China Equity ETF) are both exchange-traded funds - KOKU is a Large Cap Growth Equities fund tracking the MSCI Kokusai Index (World ex Japan), while CN is a China Equities fund tracking the MSCI China All Shares. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. KOKU charges 0.09%/yr vs 0.50%/yr for CN.

Performance

KOKU vs. CN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Kokusai Equity ETF (KOKU) and Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KOKU

• 1D: -2.72%
• 1M: -0.32%
• YTD: 7.33%
• 6M: 7.81%
• 1Y: 23.41%
• 3Y*: 20.15%
• 5Y*: 11.69%
• 10Y*: —

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KOKU vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
KOKU Xtrackers MSCI Kokusai Equity ETF	7.33%	21.45%	19.45%	24.23%	-17.83%	23.84%	40.42%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	43.75%

Correlation

The correlation between KOKU and CN is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020	0.37

The correlation between KOKU and CN shifts across timeframes, from 0.22 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.

KOKU vs. CN - Sectors Allocation Comparison

Sectors	KOKU	CN
Technology	28.9%	0.3%
Financial Services	15.6%	55.1%
Industrials	10.5%	1.0%
Communication Services	9.3%	0.4%
Consumer Cyclical	9.1%	5.4%
Healthcare	8.9%	0.8%
Consumer Defensive	5.4%	0.3%
Energy	4.4%	0.9%
Basic Materials	3.3%	0.6%
Utilities	2.8%	0.2%
Real Estate	1.8%	0.8%

Return for Risk

KOKU vs. CN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KOKU

KOKU Risk / Return Rank: 60
KOKU Sharpe Ratio Rank: 60
KOKU Sortino Ratio Rank: 59
KOKU Omega Ratio Rank: 59
KOKU Calmar Ratio Rank: 56
KOKU Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KOKU vs. CN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Kokusai Equity ETF (KOKU) and Xtrackers MSCI All China Equity ETF (CN). 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.

	KOKU	CN	Difference
Sharpe ratio: Return per unit of total volatility	1.89	—	—
Sortino ratio: Return per unit of downside risk	2.62	—	—
Omega ratio: Gain probability vs. loss probability	1.34	—	—
Calmar ratio: Return relative to maximum drawdown	2.60	—	—
Martin ratio: Return relative to average drawdown	11.67	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KOKU	CN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	—	—

Drawdowns

Drawdown Indicators

	KOKU	CN	Difference
Max Drawdown Largest peak-to-trough decline	-25.77%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.04%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.77%	—	—
Current Drawdown Current decline from peak	-2.95%	—	—
Average Drawdown Average peak-to-trough decline	-4.82%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	KOKU	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	—	—

KOKU vs. CN - Expense Ratio Comparison

KOKU has a 0.09% expense ratio, which is lower than CN's 0.50% expense ratio.

Dividends

KOKU vs. CN - Dividend Comparison

KOKU's dividend yield for the trailing twelve months is around 1.39%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
KOKU Xtrackers MSCI Kokusai Equity ETF	1.39%	1.48%	1.63%	1.76%	1.98%	1.89%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KOKU and CN in my portfolio?

KOKU and CN have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KOKU or CN?

On fees, KOKU is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KOKU or CN?

KOKU is cheaper with a 0.09% expense ratio, compared with 0.50% for CN.

Which ETF pays a higher dividend yield, KOKU or CN?

KOKU has the higher dividend yield at 1.39%, compared with 0.00% for CN.

What is the main difference between KOKU and CN?

KOKU is categorized as Large Cap Growth Equities, while CN is China Equities. KOKU tracks MSCI Kokusai Index (World ex Japan), while CN tracks MSCI China All Shares. Their fees differ too: 0.09% for KOKU and 0.50% for CN.