SC0I.DE vs. XNKY.DE
SC0I.DE (Invesco MSCI Japan UCITS ETF) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both Japan Equities funds - SC0I.DE tracks the MSCI Japan while XNKY.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, SC0I.DE returned 9.37%/yr vs 12.47%/yr for XNKY.DE. Their correlation of 0.90 suggests significant overlap in exposure. SC0I.DE charges 0.19%/yr vs 0.09%/yr for XNKY.DE.
Performance
SC0I.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SC0I.DE achieves a 14.80% return, which is significantly lower than XNKY.DE's 30.76% return.
SC0I.DE
- 1D
- -2.54%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.80%
- 1Y
- 32.01%
- 3Y*
- 15.32%
- 5Y*
- 9.37%
- 10Y*
- 8.52%
XNKY.DE
- 1D
- 0.00%
- 1M
- -5.82%
- 6M
- 22.85%
- YTD
- 30.76%
- 1Y
- 56.07%
- 3Y*
- 21.27%
- 5Y*
- 12.47%
- 10Y*
- —
SC0I.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SC0I.DE Invesco MSCI Japan UCITS ETF | 14.80% | 12.31% | 13.65% | 16.36% | -12.51% | 9.85% | 6.72% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 30.76% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
Correlation
The correlation between SC0I.DE and XNKY.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.90 |
The correlation between SC0I.DE and XNKY.DE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
SC0I.DE vs. XNKY.DE — Risk / Return Rank
SC0I.DE
XNKY.DE
SC0I.DE vs. XNKY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (SC0I.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.
| SC0I.DE | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.34 | -1.23 |
| Martin ratioReturn relative to average drawdown | 9.87 | 12.34 | -2.47 |
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Drawdowns
SC0I.DE vs. XNKY.DE - Drawdown Comparison
The maximum SC0I.DE drawdown since its inception was -41.87%, 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 SC0I.DE and XNKY.DE.
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Drawdown Indicators
| SC0I.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -21.47% | -20.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -12.99% | +2.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -20.16% | +3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | -21.15% | +2.04% |
Max Drawdown (10Y)Largest decline over 10 years | -28.00% | — | — |
Current DrawdownCurrent decline from peak | -7.18% | -9.49% | +2.31% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -7.80% | -5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 4.56% | -1.33% |
Volatility
SC0I.DE vs. XNKY.DE - Volatility Comparison
The current volatility for Invesco MSCI Japan UCITS ETF (SC0I.DE) is 6.75%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 9.09%. This indicates that SC0I.DE experiences smaller price fluctuations and is considered to be less risky 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
| SC0I.DE | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 9.09% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 20.87% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 25.87% | -6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 19.15% | -2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 18.79% | -1.44% |
SC0I.DE vs. XNKY.DE - Expense Ratio Comparison
SC0I.DE has a 0.19% expense ratio, which is higher than XNKY.DE's 0.09% 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
SC0I.DE vs. XNKY.DE - Dividend Comparison
Neither SC0I.DE nor XNKY.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0I.DE and XNKY.DE have a correlation of 0.84, 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 0.19% for SC0I.DE.
SC0I.DE tracks MSCI Japan, while XNKY.DE tracks Nikkei 225®. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for SC0I.DE and 0.09% for XNKY.DE.
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