XDJE.DE vs. EMNJ.DE
XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) and EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) are both Japan Equities funds - XDJE.DE tracks the Nikkei 225 Index (EUR Hedged) while EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index. Both are passively managed. Over the past 5 years, XDJE.DE returned 22.64%/yr vs 9.72%/yr for EMNJ.DE. A 0.78 correlation means they provide meaningful diversification when combined. XDJE.DE charges 0.19%/yr vs 0.15%/yr for EMNJ.DE.
Performance
XDJE.DE vs. EMNJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDJE.DE achieves a 35.13% return, which is significantly higher than EMNJ.DE's 19.97% return.
XDJE.DE
- 1D
- -1.05%
- 1M
- -2.39%
- 6M
- 26.50%
- YTD
- 35.13%
- 1Y
- 73.85%
- 3Y*
- 32.22%
- 5Y*
- 22.64%
- 10Y*
- —
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
XDJE.DE vs. EMNJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 35.13% | 30.93% | 23.55% | 35.26% | -9.02% | 5.24% | 16.17% | 12.17% |
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
Correlation
The correlation between XDJE.DE and EMNJ.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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.78 |
The correlation between XDJE.DE and EMNJ.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
XDJE.DE vs. EMNJ.DE — Risk / Return Rank
XDJE.DE
EMNJ.DE
XDJE.DE vs. EMNJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) and iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.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.
| XDJE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.36 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.75 | 3.71 | +2.04 |
| Martin ratioReturn relative to average drawdown | 17.74 | 12.48 | +5.25 |
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Drawdowns
XDJE.DE vs. EMNJ.DE - Drawdown Comparison
The maximum XDJE.DE drawdown since its inception was -32.45%, which is greater than EMNJ.DE's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for XDJE.DE and EMNJ.DE.
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Drawdown Indicators
| XDJE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -28.10% | -4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -10.70% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -16.91% | -5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -19.91% | -2.96% |
Current DrawdownCurrent decline from peak | -7.26% | -2.74% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -6.57% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 3.19% | +0.96% |
Volatility
XDJE.DE vs. EMNJ.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a higher volatility of 9.75% compared to iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) at 6.67%. This indicates that XDJE.DE's price experiences larger fluctuations and is considered to be riskier than EMNJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDJE.DE | EMNJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.75% | 6.67% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 21.15% | 16.64% | +4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.67% | 20.49% | +6.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 17.02% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 18.26% | +3.78% |
XDJE.DE vs. EMNJ.DE - Expense Ratio Comparison
XDJE.DE has a 0.19% expense ratio, which is higher than EMNJ.DE's 0.15% 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
XDJE.DE vs. EMNJ.DE - Dividend Comparison
XDJE.DE's dividend yield for the trailing twelve months is around 0.81%, less than EMNJ.DE's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 0.81% | 1.11% | 1.21% | 1.32% | 2.27% | 1.08% | 1.00% | 0.00% |
Frequently Asked Questions
XDJE.DE and EMNJ.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, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for XDJE.DE.
XDJE.DE tracks Nikkei 225 Index (EUR Hedged), while EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.19% for XDJE.DE and 0.15% for EMNJ.DE.
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