XCO2.DE vs. CNKY.L
XCO2.DE (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) are both exchange-traded funds - XCO2.DE is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while CNKY.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, XCO2.DE returned -0.67%/yr vs 12.01%/yr for CNKY.L. At a 0.19 correlation, their price movements are largely independent. XCO2.DE charges 0.15%/yr vs 0.48%/yr for CNKY.L.
Performance
XCO2.DE vs. CNKY.L - Performance Comparison
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Different Trading Currencies
XCO2.DE is traded in EUR, while CNKY.L is traded in GBp. To make them comparable, the CNKY.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCO2.DE achieves a 0.67% return, which is significantly lower than CNKY.L's 32.97% return.
XCO2.DE
- 1D
- 0.16%
- 1M
- 0.43%
- YTD
- 0.67%
- 6M
- 0.74%
- 1Y
- 1.74%
- 3Y*
- 3.31%
- 5Y*
- -0.67%
- 10Y*
- —
CNKY.L
- 1D
- -1.31%
- 1M
- 10.57%
- YTD
- 32.97%
- 6M
- 30.35%
- 1Y
- 59.45%
- 3Y*
- 20.28%
- 5Y*
- 12.01%
- 10Y*
- 11.63%
XCO2.DE vs. CNKY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCO2.DE Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | 0.67% | 1.13% | 4.41% | 5.82% | -15.31% | -2.31% | 3.85% | -2.24% |
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 32.99% | 14.35% | 14.42% | 17.46% | -15.14% | 2.06% | 14.60% | 3.97% |
Correlation
The correlation between XCO2.DE and CNKY.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.19 |
The correlation between XCO2.DE and CNKY.L shifts across timeframes, from 0.19 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XCO2.DE vs. CNKY.L — Risk / Return Rank
XCO2.DE
CNKY.L
XCO2.DE vs. CNKY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L). 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.
| XCO2.DE | CNKY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.42 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 4.53 | -3.83 |
| Martin ratioReturn relative to average drawdown | 2.22 | 13.68 | -11.46 |
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
| XCO2.DE | CNKY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 2.54 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.64 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.62 | -0.78 |
Drawdowns
XCO2.DE vs. CNKY.L - Drawdown Comparison
The maximum XCO2.DE drawdown since its inception was -17.90%, smaller than the maximum CNKY.L drawdown of -30.79%. Use the drawdown chart below to compare losses from any high point for XCO2.DE and CNKY.L.
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Drawdown Indicators
| XCO2.DE | CNKY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.90% | -30.79% | +12.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.36% | -13.05% | +10.69% |
Max Drawdown (3Y)Largest decline over 3 years | -2.45% | -20.46% | +18.01% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -21.27% | +4.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.79% | — |
Current DrawdownCurrent decline from peak | -7.63% | -1.31% | -6.32% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -7.15% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 4.33% | -3.58% |
Volatility
XCO2.DE vs. CNKY.L - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) is 0.81%, while iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a volatility of 6.89%. This indicates that XCO2.DE experiences smaller price fluctuations and is considered to be less risky than CNKY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCO2.DE | CNKY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 6.89% | -6.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 18.41% | -16.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.55% | 23.31% | -20.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 18.65% | -13.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 17.84% | -12.59% |
XCO2.DE vs. CNKY.L - Expense Ratio Comparison
XCO2.DE has a 0.15% expense ratio, which is lower than CNKY.L's 0.48% expense ratio.
Dividends
XCO2.DE vs. CNKY.L - Dividend Comparison
Neither XCO2.DE nor CNKY.L has paid dividends to shareholders.
Frequently Asked Questions
XCO2.DE and CNKY.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCO2.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCO2.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for CNKY.L.
XCO2.DE is categorized as Global Corporate Bonds, while CNKY.L is Japan Equities. XCO2.DE tracks Bloomberg Gbl Agg Corp TR USD, while CNKY.L tracks TOPIX TR JPY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for XCO2.DE and 0.48% for CNKY.L.
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