SGAJ.DE vs. XMK9.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds - SGAJ.DE tracks the MSCI Japan ESG Screened while XMK9.DE tracks the MSCI Japan. Both are passively managed. Over the past 5 years, SGAJ.DE returned 9.71%/yr vs 19.08%/yr for XMK9.DE. Their correlation of 0.85 suggests significant overlap in exposure. SGAJ.DE charges 0.15%/yr vs 0.40%/yr for XMK9.DE.
Performance
SGAJ.DE vs. XMK9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SGAJ.DE achieves a 17.45% return, which is significantly lower than XMK9.DE's 19.57% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 6.57%
- YTD
- 17.45%
- 6M
- 17.20%
- 1Y
- 30.86%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
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%
SGAJ.DE vs. XMK9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -12.85% | 9.72% | 5.86% | 23.60% | -6.85% |
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% | -7.88% |
Correlation
The correlation between SGAJ.DE and XMK9.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.85 |
The correlation between SGAJ.DE and XMK9.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
SGAJ.DE vs. XMK9.DE — Risk / Return Rank
SGAJ.DE
XMK9.DE
SGAJ.DE vs. XMK9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.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.
| SGAJ.DE | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 5.21 | -2.25 |
| Martin ratioReturn relative to average drawdown | 9.77 | 17.91 | -8.14 |
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
| SGAJ.DE | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.64 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 1.01 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.70 | -0.15 |
Drawdowns
SGAJ.DE vs. XMK9.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, smaller than the maximum XMK9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and XMK9.DE.
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Drawdown Indicators
| SGAJ.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -34.29% | +6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.72% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -21.74% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -21.74% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.29% | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -7.71% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.83% | +0.32% |
Volatility
SGAJ.DE vs. XMK9.DE - Volatility Comparison
The current volatility for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) is 3.44%, while Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a volatility of 3.68%. This indicates that SGAJ.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
| SGAJ.DE | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.68% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 14.80% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 19.21% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 18.65% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 18.80% | -1.39% |
SGAJ.DE vs. XMK9.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% expense ratio, which is lower than XMK9.DE's 0.40% expense ratio.
Dividends
SGAJ.DE vs. XMK9.DE - Dividend Comparison
Neither SGAJ.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SGAJ.DE and XMK9.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for XMK9.DE.
SGAJ.DE tracks MSCI Japan ESG Screened, while XMK9.DE tracks MSCI Japan. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for SGAJ.DE and 0.40% for XMK9.DE.
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