XDN0.DE vs. D5BL.DE

Last updated Jun 5, 2026

XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds from Xtrackers - XDN0.DE tracks the MSCI Nordic Countries NR EUR while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, XDN0.DE returned 8.74%/yr vs 10.77%/yr for D5BL.DE. A 0.78 correlation means they provide meaningful diversification when combined. XDN0.DE charges 0.30%/yr vs 0.15%/yr for D5BL.DE.

Performance

XDN0.DE vs. D5BL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDN0.DE achieves a 8.65% return, which is significantly lower than D5BL.DE's 13.85% return. Over the past 10 years, XDN0.DE has underperformed D5BL.DE with an annualized return of 8.74%, while D5BL.DE has yielded a comparatively higher 10.77% 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%

D5BL.DE

• 1D: -0.38%
• 1M: 2.55%
• YTD: 13.85%
• 6M: 17.04%
• 1Y: 32.33%
• 3Y*: 21.76%
• 5Y*: 14.60%
• 10Y*: 10.77%

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

XDN0.DE vs. D5BL.DE - 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%
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF	13.85%	35.78%	10.37%	14.14%	-4.63%	26.83%	-8.58%	22.90%	-13.98%	9.78%

Correlation

The correlation between XDN0.DE and D5BL.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Sep 5, 2013	0.78

The correlation between XDN0.DE and D5BL.DE shifts across timeframes, from 0.68 (3 years) to 0.78 (all time), reflecting how their relationship changes across market environments.

Return for Risk

XDN0.DE vs. D5BL.DE — 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

D5BL.DE

D5BL.DE Risk / Return Rank: 70
D5BL.DE Sharpe Ratio Rank: 71
D5BL.DE Sortino Ratio Rank: 73
D5BL.DE Omega Ratio Rank: 71
D5BL.DE Calmar Ratio Rank: 67
D5BL.DE Martin Ratio Rank: 69

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. D5BL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.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.

	XDN0.DE	D5BL.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.28	-1.56
Sortino ratio: Return per unit of downside risk	1.07	3.24	-2.17
Omega ratio: Gain probability vs. loss probability	1.13	1.42	-0.28
Calmar ratio: Return relative to maximum drawdown	1.10	3.28	-2.18
Martin ratio: Return relative to average drawdown	2.83	12.52	-9.69
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. D5BL.DE - Sharpe Ratio Comparison

The current XDN0.DE Sharpe Ratio is 0.72, which is lower than the D5BL.DE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XDN0.DE and D5BL.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.

Sharpe Ratios by Period

	XDN0.DE	D5BL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.28	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.93	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.60	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.48	+0.03

Drawdowns

XDN0.DE vs. D5BL.DE - Drawdown Comparison

The maximum XDN0.DE drawdown since its inception was -32.67%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and D5BL.DE.

Drawdown Indicators

	XDN0.DE	D5BL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.67%	-40.40%	+7.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.44%	-10.02%	-0.42%
Max Drawdown (3Y) Largest decline over 3 years	-26.41%	-17.36%	-9.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.41%	-19.58%	-6.83%
Max Drawdown (10Y) Largest decline over 10 years	-32.67%	-40.40%	+7.73%
Current Drawdown Current decline from peak	-1.63%	-1.22%	-0.41%
Average Drawdown Average peak-to-trough decline	-6.52%	-7.23%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.63%	+1.46%

Volatility

XDN0.DE vs. D5BL.DE - Volatility Comparison

The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) is 4.36%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that XDN0.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDN0.DE	D5BL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	4.83%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	11.54%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	16.03%	14.44%	+1.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	15.59%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	17.76%	-0.68%

XDN0.DE vs. D5BL.DE - Expense Ratio Comparison

XDN0.DE has a 0.30% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio.

Dividends

XDN0.DE vs. D5BL.DE - Dividend Comparison

XDN0.DE's dividend yield for the trailing twelve months is around 2.49%, while D5BL.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D	2.49%	2.84%	2.76%	2.54%	4.77%	1.05%	4.85%	4.09%	1.09%	2.45%	1.64%

Frequently Asked Questions

Can I hold both XDN0.DE and D5BL.DE in my portfolio?

XDN0.DE and D5BL.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDN0.DE or D5BL.DE?

On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDN0.DE or D5BL.DE?

D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for XDN0.DE.

What is the main difference between XDN0.DE and D5BL.DE?

XDN0.DE tracks MSCI Nordic Countries NR EUR, while D5BL.DE tracks MSCI Europe Enhanced Value. Their fees differ too: 0.30% for XDN0.DE and 0.15% for D5BL.DE.