XDN0.DE vs. ^IMOEX

Last updated Jun 5, 2026

XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) is Europe Equities fund tracking the MSCI Nordic Countries NR EUR, while ^IMOEX (MOEX Russia Index) is an index. Over the past 10 years, XDN0.DE returned 8.74%/yr vs 1.62%/yr for ^IMOEX. At a 0.30 correlation, their price movements are largely independent.

Performance

XDN0.DE vs. ^IMOEX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and MOEX Russia Index (^IMOEX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XDN0.DE is traded in EUR, while ^IMOEX is traded in RUB. To make them comparable, the ^IMOEX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDN0.DE achieves a 8.65% return, which is significantly higher than ^IMOEX's 2.20% return. Over the past 10 years, XDN0.DE has outperformed ^IMOEX with an annualized return of 8.74%, while ^IMOEX has yielded a comparatively lower 1.62% annualized return.

XDN0.DE

• 1D: 0.46%
• 1M: 2.62%
• YTD: 8.65%
• 6M: 12.79%
• 1Y: 11.58%
• 3Y*: 8.43%
• 5Y*: 5.54%
• 10Y*: 8.74%

^IMOEX

• 1D: -0.38%
• 1M: 0.98%
• YTD: 2.20%
• 6M: -0.57%
• 1Y: -6.31%
• 3Y*: -0.95%
• 5Y*: -6.79%
• 10Y*: 1.62%

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

XDN0.DE vs. ^IMOEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D	8.65%	7.27%	-1.40%	16.42%	-11.37%	28.46%	16.10%	25.04%	-7.71%	10.71%
^IMOEX MOEX Russia Index	2.20%	18.32%	-20.28%	15.10%	-39.09%	24.30%	-17.88%	48.36%	-2.81%	-12.00%

Correlation

The correlation between XDN0.DE and ^IMOEX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Sep 5, 2013	0.30

The correlation between XDN0.DE and ^IMOEX shifts across timeframes, from -0.05 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XDN0.DE vs. ^IMOEX — Risk / Return Rank

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

XDN0.DE

XDN0.DE Risk / Return Rank: 22
XDN0.DE Sharpe Ratio Rank: 22
XDN0.DE Sortino Ratio Rank: 21
XDN0.DE Omega Ratio Rank: 21
XDN0.DE Calmar Ratio Rank: 24
XDN0.DE Martin Ratio Rank: 23

^IMOEX

^IMOEX Risk / Return Rank: 2
^IMOEX Sharpe Ratio Rank: 3
^IMOEX Sortino Ratio Rank: 3
^IMOEX Omega Ratio Rank: 3
^IMOEX Calmar Ratio Rank: 2
^IMOEX Martin Ratio Rank: 2

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.

XDN0.DE vs. ^IMOEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and MOEX Russia Index (^IMOEX). 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.

	XDN0.DE	^IMOEX	Difference
Sharpe ratio: Return per unit of total volatility	0.72	-0.13	+0.86
Sortino ratio: Return per unit of downside risk	1.07	-0.02	+1.09
Omega ratio: Gain probability vs. loss probability	1.13	1.00	+0.14
Calmar ratio: Return relative to maximum drawdown	1.10	-0.19	+1.30
Martin ratio: Return relative to average drawdown	2.83	-0.39	+3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDN0.DE vs. ^IMOEX - Sharpe Ratio Comparison

The current XDN0.DE Sharpe Ratio is 0.72, which is higher than the ^IMOEX Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of XDN0.DE and ^IMOEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XDN0.DE	^IMOEX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	-0.13	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	-0.18	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.05	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	-0.06	+0.57

Drawdowns

XDN0.DE vs. ^IMOEX - Drawdown Comparison

The maximum XDN0.DE drawdown since its inception was -32.67%, smaller than the maximum ^IMOEX drawdown of -76.32%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and ^IMOEX.

Drawdown Indicators

	XDN0.DE	^IMOEX	Difference
Max Drawdown Largest peak-to-trough decline	-32.67%	-76.32%	+43.65%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-16.98%	+6.54%
Max Drawdown (3Y) Largest decline over 3 years	-26.41%	-41.18%	+14.77%
Max Drawdown (5Y) Largest decline over 5 years	-26.41%	-60.40%	+33.99%
Max Drawdown (10Y) Largest decline over 10 years	-32.67%	-60.40%	+27.73%
Current Drawdown Current decline from peak	-1.63%	-44.89%	+43.26%
Average Drawdown Average peak-to-trough decline	-6.52%	-39.77%	+33.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	7.94%	-3.85%

Volatility

XDN0.DE vs. ^IMOEX - Volatility Comparison

The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) is 4.36%, while MOEX Russia Index (^IMOEX) has a volatility of 6.41%. This indicates that XDN0.DE experiences smaller price fluctuations and is considered to be less risky than ^IMOEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDN0.DE	^IMOEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	6.41%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	14.41%	-2.39%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	25.19%	-9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	38.70%	-21.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	32.62%	-15.54%

Frequently Asked Questions

Can I hold both XDN0.DE and ^IMOEX in my portfolio?

XDN0.DE and ^IMOEX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.