KOKU vs. TOK
Compare and contrast key facts about Xtrackers MSCI Kokusai Equity ETF (KOKU) and iShares MSCI Kokusai ETF (TOK).
KOKU and TOK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KOKU is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI Kokusai Index (World ex Japan). It was launched on Apr 8, 2020. TOK is a passively managed fund by iShares that tracks the performance of the MSCI Kokusai Index. It was launched on Dec 10, 2007. Both KOKU and TOK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KOKU vs. TOK - Performance Comparison
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KOKU vs. TOK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KOKU Xtrackers MSCI Kokusai Equity ETF | -3.57% | 21.45% | 19.45% | 24.23% | -17.83% | 23.84% | 40.42% |
TOK iShares MSCI Kokusai ETF | -3.55% | 20.83% | 19.52% | 24.76% | -17.93% | 23.84% | 40.63% |
Returns By Period
The year-to-date returns for both investments are quite close, with KOKU having a -3.57% return and TOK slightly higher at -3.55%.
KOKU
- 1D
- 2.89%
- 1M
- -5.48%
- YTD
- -3.57%
- 6M
- -0.43%
- 1Y
- 18.72%
- 3Y*
- 17.28%
- 5Y*
- 10.64%
- 10Y*
- —
TOK
- 1D
- 2.91%
- 1M
- -5.58%
- YTD
- -3.55%
- 6M
- -0.58%
- 1Y
- 18.61%
- 3Y*
- 16.96%
- 5Y*
- 10.59%
- 10Y*
- 12.42%
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KOKU vs. TOK - Expense Ratio Comparison
KOKU has a 0.09% expense ratio, which is lower than TOK's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
KOKU vs. TOK — Risk / Return Rank
KOKU
TOK
KOKU vs. TOK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Kokusai Equity ETF (KOKU) and iShares MSCI Kokusai ETF (TOK). 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 | TOK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 1.15 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.62 | 1.61 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.24 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.75 | -0.25 |
Martin ratioReturn relative to average drawdown | 7.58 | 7.84 | -0.27 |
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
| KOKU | TOK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 1.15 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.67 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.40 | +0.58 |
Correlation
The correlation between KOKU and TOK is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KOKU vs. TOK - Dividend Comparison
KOKU's dividend yield for the trailing twelve months is around 1.55%, more than TOK's 1.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KOKU Xtrackers MSCI Kokusai Equity ETF | 1.55% | 1.48% | 1.63% | 1.76% | 1.98% | 1.89% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TOK iShares MSCI Kokusai ETF | 1.42% | 1.37% | 1.66% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% |
Drawdowns
KOKU vs. TOK - Drawdown Comparison
The maximum KOKU drawdown since its inception was -25.77%, smaller than the maximum TOK drawdown of -56.18%. Use the drawdown chart below to compare losses from any high point for KOKU and TOK.
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Drawdown Indicators
| KOKU | TOK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.77% | -56.18% | +30.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.64% | -10.83% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.77% | -25.86% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.82% | — |
Current DrawdownCurrent decline from peak | -6.41% | -6.43% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -8.59% | +3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.42% | +0.09% |
Volatility
KOKU vs. TOK - Volatility Comparison
Xtrackers MSCI Kokusai Equity ETF (KOKU) and iShares MSCI Kokusai ETF (TOK) have volatilities of 5.73% and 5.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KOKU | TOK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.61% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 9.39% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 16.22% | +1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 15.92% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 17.13% | -0.22% |