XDJE.DE vs. XZMJ.DE

Last updated Jul 18, 2026

XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) and XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) are both Japan Equities funds from Xtrackers - XDJE.DE tracks the Nikkei 225 Index (EUR Hedged) while XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders. Both are passively managed. Over the past 5 years, XDJE.DE returned 21.52%/yr vs 8.04%/yr for XZMJ.DE. A 0.77 correlation means they provide meaningful diversification when combined. XDJE.DE charges 0.19%/yr vs 0.20%/yr for XZMJ.DE.

Performance

XDJE.DE vs. XZMJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) and Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDJE.DE achieves a 29.05% return, which is significantly higher than XZMJ.DE's 13.09% return.

XDJE.DE

• 1D: -2.96%
• 1M: -8.43%
• 6M: 21.32%
• YTD: 29.05%
• 1Y: 64.75%
• 3Y*: 29.87%
• 5Y*: 21.52%
• 10Y*: —

XZMJ.DE

• 1D: -2.48%
• 1M: -3.92%
• 6M: 7.93%
• YTD: 13.09%
• 1Y: 29.07%
• 3Y*: 15.04%
• 5Y*: 8.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDJE.DE vs. XZMJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)	29.05%	30.93%	23.55%	35.26%	-9.02%	5.24%	16.17%	16.86%	-7.63%
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C	13.09%	10.86%	16.16%	14.57%	-16.10%	7.03%	9.17%	26.79%	-7.28%

Correlation

The correlation between XDJE.DE and XZMJ.DE is 0.83, 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	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018	0.77

The correlation between XDJE.DE and XZMJ.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

XDJE.DE vs. XZMJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDJE.DE

XDJE.DE Risk / Return Rank: 90
XDJE.DE Sharpe Ratio Rank: 91
XDJE.DE Sortino Ratio Rank: 89
XDJE.DE Omega Ratio Rank: 86
XDJE.DE Calmar Ratio Rank: 94
XDJE.DE Martin Ratio Rank: 90

XZMJ.DE

XZMJ.DE Risk / Return Rank: 54
XZMJ.DE Sharpe Ratio Rank: 51
XZMJ.DE Sortino Ratio Rank: 52
XZMJ.DE Omega Ratio Rank: 51
XZMJ.DE Calmar Ratio Rank: 61
XZMJ.DE Martin Ratio Rank: 57

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.

XDJE.DE vs. XZMJ.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 Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.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	XZMJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.34	+1.07
Sortino ratio: Return per unit of downside risk	3.23	1.96	+1.27
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	5.05	2.29	+2.75
Martin ratio: Return relative to average drawdown	15.20	7.46	+7.73

XDJE.DE vs. XZMJ.DE - Sharpe Ratio Comparison

The current XDJE.DE Sharpe Ratio is 2.40, which is higher than the XZMJ.DE Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of XDJE.DE and XZMJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XDJE.DE vs. XZMJ.DE - Drawdown Comparison

The maximum XDJE.DE drawdown since its inception was -32.45%, which is greater than XZMJ.DE's maximum drawdown of -30.29%. Use the drawdown chart below to compare losses from any high point for XDJE.DE and XZMJ.DE.

Drawdown Indicators

	XDJE.DE	XZMJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.45%	-30.29%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-12.62%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-22.87%	-18.78%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.87%	-21.51%	-1.36%
Current Drawdown Current decline from peak	-11.44%	-6.88%	-4.56%
Average Drawdown Average peak-to-trough decline	-6.09%	-9.87%	+3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.25%	3.89%	+0.36%

Volatility

XDJE.DE vs. XZMJ.DE - Volatility Comparison

Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a higher volatility of 9.85% compared to Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) at 6.75%. This indicates that XDJE.DE's price experiences larger fluctuations and is considered to be riskier than XZMJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDJE.DE	XZMJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.85%	6.75%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	21.43%	17.79%	+3.64%
Volatility (1Y) Calculated over the trailing 1-year period	26.88%	21.75%	+5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	17.50%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	19.99%	+2.08%

XDJE.DE vs. XZMJ.DE - Expense Ratio Comparison

XDJE.DE has a 0.19% expense ratio, which is lower than XZMJ.DE's 0.20% expense ratio. Despite the difference, 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. XZMJ.DE - Dividend Comparison

XDJE.DE's dividend yield for the trailing twelve months is around 0.85%, while XZMJ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)	0.85%	1.11%	1.21%	1.32%	2.27%	1.08%	1.00%
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XDJE.DE and XZMJ.DE in my portfolio?

XDJE.DE and XZMJ.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDJE.DE or XZMJ.DE?

On fees, XDJE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDJE.DE or XZMJ.DE?

XDJE.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XZMJ.DE.

What is the main difference between XDJE.DE and XZMJ.DE?

XDJE.DE tracks Nikkei 225 Index (EUR Hedged), while XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders. Their fees differ too: 0.19% for XDJE.DE and 0.20% for XZMJ.DE.