SXR5.DE vs. XMK9.DE
SXR5.DE (iShares MSCI Japan UCITS ETF USD (Acc)) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds tracking the MSCI Japan, from iShares and Xtrackers respectively. Both are passively managed. Over the past 10 years, SXR5.DE returned 9.05%/yr vs 13.95%/yr for XMK9.DE. Their correlation of 0.85 suggests significant overlap in exposure. SXR5.DE charges 0.12%/yr vs 0.40%/yr for XMK9.DE.
Performance
SXR5.DE vs. XMK9.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR5.DE achieves a 16.96% return, which is significantly lower than XMK9.DE's 19.57% return. Over the past 10 years, SXR5.DE has underperformed XMK9.DE with an annualized return of 9.05%, while XMK9.DE has yielded a comparatively higher 13.95% annualized return.
SXR5.DE
- 1D
- -0.36%
- 1M
- 3.71%
- YTD
- 16.96%
- 6M
- 16.95%
- 1Y
- 32.05%
- 3Y*
- 15.53%
- 5Y*
- 9.94%
- 10Y*
- 9.05%
XMK9.DE
- 1D
- 0.46%
- 1M
- 6.02%
- YTD
- 19.57%
- 6M
- 21.48%
- 1Y
- 51.09%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
SXR5.DE vs. XMK9.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc) | 16.96% | 12.72% | 13.72% | 16.13% | -12.71% | 9.55% | 4.95% | 22.00% | -9.97% | 8.96% |
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 SXR5.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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2012 | 0.85 |
The correlation between SXR5.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
SXR5.DE vs. XMK9.DE — Risk / Return Rank
SXR5.DE
XMK9.DE
SXR5.DE vs. XMK9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.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.
| SXR5.DE | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 5.21 | -2.17 |
| Martin ratioReturn relative to average drawdown | 9.81 | 17.91 | -8.10 |
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
| SXR5.DE | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 2.64 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.01 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.74 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.70 | -0.22 |
Drawdowns
SXR5.DE vs. XMK9.DE - Drawdown Comparison
The maximum SXR5.DE drawdown since its inception was -28.03%, smaller than the maximum XMK9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for SXR5.DE and XMK9.DE.
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Drawdown Indicators
| SXR5.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -34.29% | +6.26% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.72% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -21.74% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -21.74% | +2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | -34.29% | +6.26% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -7.71% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.83% | +0.32% |
Volatility
SXR5.DE vs. XMK9.DE - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) and Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) have volatilities of 3.67% and 3.68%, 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
| SXR5.DE | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.68% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.22% | 14.80% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 19.21% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 18.65% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 18.80% | -2.39% |
SXR5.DE vs. XMK9.DE - Expense Ratio Comparison
SXR5.DE has a 0.12% expense ratio, which is lower than XMK9.DE's 0.40% expense ratio.
Dividends
SXR5.DE vs. XMK9.DE - Dividend Comparison
Neither SXR5.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SXR5.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, SXR5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR5.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for XMK9.DE.
Both ETFs track MSCI Japan. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.12% for SXR5.DE and 0.40% for XMK9.DE.
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