XDN0.DE vs. XB4A.DE
XDN0.DE (Xtrackers MSCI Nordic UCITS ETF 1D) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds from Xtrackers - XDN0.DE tracks the MSCI Nordic Countries NR EUR while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, XDN0.DE returned 8.78%/yr vs 14.60%/yr for XB4A.DE. A 0.66 correlation means they provide meaningful diversification when combined. XDN0.DE charges 0.30%/yr vs 0.25%/yr for XB4A.DE.
Performance
XDN0.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDN0.DE achieves a 8.55% return, which is significantly lower than XB4A.DE's 22.80% return. Over the past 10 years, XDN0.DE has underperformed XB4A.DE with an annualized return of 8.78%, while XB4A.DE has yielded a comparatively higher 14.60% annualized return.
XDN0.DE
- 1D
- -0.26%
- 1M
- 1.38%
- 6M
- 2.31%
- YTD
- 8.55%
- 1Y
- 15.16%
- 3Y*
- 8.69%
- 5Y*
- 4.88%
- 10Y*
- 8.78%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
XDN0.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDN0.DE Xtrackers MSCI Nordic UCITS ETF 1D | 8.55% | 7.26% | -1.39% | 16.41% | -11.36% | 28.46% | 16.10% | 25.06% | -7.73% | 10.71% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between XDN0.DE and XB4A.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2013 | 0.66 |
The correlation between XDN0.DE and XB4A.DE has been stable across timeframes, ranging from 0.57 to 0.66 - a consistent structural relationship.
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Return for Risk
XDN0.DE vs. XB4A.DE — Risk / Return Rank
XDN0.DE
XB4A.DE
XDN0.DE vs. XB4A.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 ATX UCITS ETF (Acc) (XB4A.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.
| XDN0.DE | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.43 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.13 | -2.57 |
| Martin ratioReturn relative to average drawdown | 4.74 | 13.97 | -9.23 |
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Drawdowns
XDN0.DE vs. XB4A.DE - Drawdown Comparison
The maximum XDN0.DE drawdown since its inception was -32.65%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for XDN0.DE and XB4A.DE.
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Drawdown Indicators
| XDN0.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -53.54% | +20.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -10.88% | +1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -26.41% | -16.26% | -10.15% |
Max Drawdown (5Y)Largest decline over 5 years | -26.41% | -32.50% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | -53.54% | +20.89% |
Current DrawdownCurrent decline from peak | -1.72% | -3.43% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -6.56% | -9.88% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.23% | -0.04% |
Volatility
XDN0.DE vs. XB4A.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.DE) is 3.63%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that XDN0.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDN0.DE | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 4.97% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 14.95% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 17.66% | -1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 19.15% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 20.15% | -3.30% |
XDN0.DE vs. XB4A.DE - Expense Ratio Comparison
XDN0.DE has a 0.30% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
XDN0.DE vs. XB4A.DE - Dividend Comparison
XDN0.DE's dividend yield for the trailing twelve months is around 2.49%, while XB4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 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
XDN0.DE and XB4A.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for XDN0.DE.
XDN0.DE tracks MSCI Nordic Countries NR EUR, while XB4A.DE tracks ATX Index. Their fees differ too: 0.30% for XDN0.DE and 0.25% for XB4A.DE.
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