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XCX5.L vs. IKOR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XCX5.L vs. IKOR.L

Last updated Jun 5, 2026

XCX5.L (Xtrackers MSCI India Swap UCITS ETF 1C) and IKOR.L (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds - XCX5.L tracks the MSCI India NR USD while IKOR.L tracks the MSCI Korea NR USD. Both are passively managed. Over the past 10 years, XCX5.L returned 7.44%/yr vs 17.90%/yr for IKOR.L. At a 0.42 correlation, their price movements are largely independent. XCX5.L charges 0.75%/yr vs 0.74%/yr for IKOR.L.

Performance

XCX5.L vs. IKOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) and iShares MSCI Korea UCITS ETF (Dist) (IKOR.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XCX5.L achieves a -12.70% return, which is significantly lower than IKOR.L's 107.66% return. Over the past 10 years, XCX5.L has underperformed IKOR.L with an annualized return of 7.44%, while IKOR.L has yielded a comparatively higher 17.90% annualized return.

XCX5.L

1D
1.26%
1M
-1.73%
YTD
-12.70%
6M
-12.76%
1Y
-12.07%
3Y*
2.47%
5Y*
4.13%
10Y*
7.44%

IKOR.L

1D
-4.06%
1M
17.39%
YTD
107.66%
6M
126.31%
1Y
237.26%
3Y*
45.36%
5Y*
19.90%
10Y*
17.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XCX5.L vs. IKOR.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XCX5.L
Xtrackers MSCI India Swap UCITS ETF 1C		-12.70%-5.16%11.92%12.56%2.33%26.19%9.49%2.58%-3.56%24.83%
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		107.66%85.96%-21.55%13.31%-19.76%-7.30%39.09%6.99%-16.57%32.45%

Correlation

The correlation between XCX5.L and IKOR.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.30

Correlation (3Y)
Calculated over the trailing 3-year period

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.43

Correlation (All Time)
Calculated using the full available price history since Nov 22, 2010

0.42

The correlation between XCX5.L and IKOR.L shifts across timeframes, from 0.28 (3 years) to 0.43 (10 years), reflecting how their relationship changes across market environments.

XCX5.L vs. IKOR.L - Sectors Allocation Comparison

Sectors
XCX5.L
IKOR.L

Financial Services

28.3%
9.2%

Consumer Cyclical

12.4%
5.7%

Industrials

10.2%
18.8%

Energy

9.5%
1.1%

Basic Materials

8.5%
2.0%

Technology

8.2%
56.0%

Consumer Defensive

6.2%
1.4%

Healthcare

6.1%
3.0%

Communication Services

4.7%
2.6%

Utilities

4.5%
0.4%

Real Estate

1.3%

-

Financial Services

XCX5.L
28.3%
IKOR.L
9.2%

Consumer Cyclical

XCX5.L
12.4%
IKOR.L
5.7%

Industrials

XCX5.L
10.2%
IKOR.L
18.8%

Energy

XCX5.L
9.5%
IKOR.L
1.1%

Basic Materials

XCX5.L
8.5%
IKOR.L
2.0%

Technology

XCX5.L
8.2%
IKOR.L
56.0%

Consumer Defensive

XCX5.L
6.2%
IKOR.L
1.4%

Healthcare

XCX5.L
6.1%
IKOR.L
3.0%

Communication Services

XCX5.L
4.7%
IKOR.L
2.6%

Utilities

XCX5.L
4.5%
IKOR.L
0.4%

Real Estate

XCX5.L
1.3%
IKOR.L

-

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Xtrackers MSCI India Swap UCITS ETF 1C

iShares MSCI Korea UCITS ETF (Dist)

Often compared with XCX5.L:
XCX5.L vs. INDAXCX5.L vs. FRIN.LXCX5.L vs. FLINXCX5.L vs. XMMS.LXCX5.L vs. CEA1.LXCX5.L vs. QQQXCX5.L vs. SPX5.L
Often compared with IKOR.L:
IKOR.L vs. VOOIKOR.L vs. EWYIKOR.L vs. FLRK.LIKOR.L vs. FRXT.LIKOR.L vs. XMID.LIKOR.L vs. CP9U.LIKOR.L vs. CSKR.L

Return for Risk

XCX5.L vs. IKOR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCX5.L
XCX5.L Risk / Return Rank: 33
Overall Rank
XCX5.L Sharpe Ratio Rank: 33
Sharpe Ratio Rank
XCX5.L Sortino Ratio Rank: 33
Sortino Ratio Rank
XCX5.L Omega Ratio Rank: 33
Omega Ratio Rank
XCX5.L Calmar Ratio Rank: 44
Calmar Ratio Rank
XCX5.L Martin Ratio Rank: 22
Martin Ratio Rank
IKOR.L
IKOR.L Risk / Return Rank: 9797
Overall Rank
IKOR.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
IKOR.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IKOR.L Omega Ratio Rank: 9696
Omega Ratio Rank
IKOR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IKOR.L Martin Ratio Rank: 9797
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XCX5.L vs. IKOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) and iShares MSCI Korea UCITS ETF (Dist) (IKOR.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.

XCX5.LIKOR.LDifference
Sharpe ratioReturn per unit of total volatility
-0.76
6.36

-7.13

Sortino ratioReturn per unit of downside risk
-1.01
5.81

-6.82

Omega ratioGain probability vs. loss probability

0.89

1.83

-0.94

Calmar ratioReturn relative to maximum drawdown

-0.60

10.97

-11.57

Martin ratioReturn relative to average drawdown

-1.37

39.06

-40.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCX5.L vs. IKOR.L - Sharpe Ratio Comparison

The current XCX5.L Sharpe Ratio is -0.76, which is lower than the IKOR.L Sharpe Ratio of 6.36. The chart below compares the historical Sharpe Ratios of XCX5.L and IKOR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XCX5.LIKOR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.76

6.36

-7.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.79

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.37

0.74

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.23

0.42

-0.19

Drawdowns

XCX5.L vs. IKOR.L - Drawdown Comparison

The maximum XCX5.L drawdown since its inception was -41.74%, smaller than the maximum IKOR.L drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for XCX5.L and IKOR.L.

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Drawdown Indicators

XCX5.LIKOR.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.74%

-61.70%

+19.96%

Max Drawdown (1Y)

Largest decline over 1 year

-19.88%

-21.48%

+1.60%

Max Drawdown (3Y)

Largest decline over 3 years

-26.47%

-28.58%

+2.11%

Max Drawdown (5Y)

Largest decline over 5 years

-26.47%

-40.83%

+14.36%

Max Drawdown (10Y)

Largest decline over 10 years

-37.35%

-44.11%

+6.76%

Current Drawdown

Current decline from peak

-23.06%

-5.01%

-18.05%

Average Drawdown

Average peak-to-trough decline

-11.04%

-15.59%

+4.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.81%

6.05%

+2.76%

Volatility

XCX5.L vs. IKOR.L - Volatility Comparison

The current volatility for Xtrackers MSCI India Swap UCITS ETF 1C (XCX5.L) is 6.39%, while iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) has a volatility of 17.45%. This indicates that XCX5.L experiences smaller price fluctuations and is considered to be less risky than IKOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XCX5.LIKOR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.39%

17.45%

-11.06%

Volatility (6M)

Calculated over the trailing 6-month period

13.26%

32.34%

-19.08%

Volatility (1Y)

Calculated over the trailing 1-year period

15.78%

37.08%

-21.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.92%

25.31%

-9.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.89%

24.76%

-4.87%

XCX5.L vs. IKOR.L - Expense Ratio Comparison

XCX5.L has a 0.75% expense ratio, which is higher than IKOR.L's 0.74% expense ratio.

Dividends

XCX5.L vs. IKOR.L - Dividend Comparison

XCX5.L has not paid dividends to shareholders, while IKOR.L's dividend yield for the trailing twelve months is around 0.42%.

PositionTTM20252024202320222021202020192018201720162015
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		0.42%0.83%1.31%1.14%1.34%1.36%0.76%1.28%1.07%0.72%0.57%0.43%
XCX5.L
Xtrackers MSCI India Swap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XCX5.L and IKOR.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IKOR.L is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IKOR.L is cheaper with a 0.74% expense ratio, compared with 0.75% for XCX5.L.

XCX5.L tracks MSCI India NR USD, while IKOR.L tracks MSCI Korea NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.75% for XCX5.L and 0.74% for IKOR.L.

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