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XDN0.L vs. VUKG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDN0.L vs. VUKG.L

Last updated Jun 5, 2026

XDN0.L (Xtrackers MSCI Nordic UCITS ETF 1D) and VUKG.L (Vanguard FTSE 100 UCITS ETF (GBP) Accumulating) are both Europe Equities funds - XDN0.L tracks the MSCI Nordic Countries NR EUR while VUKG.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, XDN0.L returned 5.77%/yr vs 11.75%/yr for VUKG.L. A 0.65 correlation means they provide meaningful diversification when combined. XDN0.L charges 0.30%/yr vs 0.09%/yr for VUKG.L.

Performance

XDN0.L vs. VUKG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDN0.L is traded in GBp, while VUKG.L is traded in GBP. To make them comparable, the VUKG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDN0.L achieves a 8.04% return, which is significantly higher than VUKG.L's 5.56% return.

XDN0.L

1D
0.61%
1M
1.39%
YTD
8.04%
6M
11.33%
1Y
14.22%
3Y*
8.57%
5Y*
5.77%
10Y*
9.93%

VUKG.L

1D
0.38%
1M
1.75%
YTD
5.56%
6M
8.02%
1Y
21.09%
3Y*
14.77%
5Y*
11.75%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDN0.L vs. VUKG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
XDN0.L
Xtrackers MSCI Nordic UCITS ETF 1D		8.04%12.19%-5.68%14.11%-5.97%20.44%23.02%9.87%
VUKG.L
Vanguard FTSE 100 UCITS ETF (GBP) Accumulating		5.56%26.12%9.40%7.20%5.51%17.39%-11.57%7.70%

Correlation

The correlation between XDN0.L and VUKG.L 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

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (All Time)
Calculated using the full available price history since May 15, 2019

0.65

The correlation between XDN0.L and VUKG.L has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

XDN0.L vs. VUKG.L - Sectors Allocation Comparison

Sectors
XDN0.L
VUKG.L

Industrials

34.0%
13.7%

Financial Services

22.0%
24.5%

Healthcare

11.8%
13.6%

Technology

7.8%
0.8%

Communication Services

7.1%
2.6%

Basic Materials

5.6%
8.5%

Consumer Defensive

3.8%
13.9%

Energy

3.7%
11.7%

Consumer Cyclical

2.0%
4.7%

Utilities

1.6%
5.3%

Real Estate

0.6%
0.9%

Industrials

XDN0.L
34.0%
VUKG.L
13.7%

Financial Services

XDN0.L
22.0%
VUKG.L
24.5%

Healthcare

XDN0.L
11.8%
VUKG.L
13.6%

Technology

XDN0.L
7.8%
VUKG.L
0.8%

Communication Services

XDN0.L
7.1%
VUKG.L
2.6%

Basic Materials

XDN0.L
5.6%
VUKG.L
8.5%

Consumer Defensive

XDN0.L
3.8%
VUKG.L
13.9%

Energy

XDN0.L
3.7%
VUKG.L
11.7%

Consumer Cyclical

XDN0.L
2.0%
VUKG.L
4.7%

Utilities

XDN0.L
1.6%
VUKG.L
5.3%

Real Estate

XDN0.L
0.6%
VUKG.L
0.9%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Nordic UCITS ETF 1D

Vanguard FTSE 100 UCITS ETF (GBP) Accumulating

Often compared with XDN0.L:
XDN0.L vs. FNORXXDN0.L vs. LGUG.LXDN0.L vs. X7PP.LXDN0.L vs. EWSP.LXDN0.L vs. PPHXDN0.L vs. SPYXDN0.L vs. ^GSPC
Often compared with VUKG.L:
VUKG.L vs. VUAG.LVUKG.L vs. VUKE.LVUKG.L vs. CUKX.LVUKG.L vs. VMIG.LVUKG.L vs. VUSA.LVUKG.L vs. S100.LVUKG.L vs. HUKX.L

Return for Risk

XDN0.L vs. VUKG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDN0.L
XDN0.L Risk / Return Rank: 2929
Overall Rank
XDN0.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
XDN0.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
XDN0.L Omega Ratio Rank: 2626
Omega Ratio Rank
XDN0.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
XDN0.L Martin Ratio Rank: 3131
Martin Ratio Rank
VUKG.L
VUKG.L Risk / Return Rank: 5656
Overall Rank
VUKG.L Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
VUKG.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
VUKG.L Omega Ratio Rank: 6262
Omega Ratio Rank
VUKG.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
VUKG.L Martin Ratio Rank: 4848
Martin Ratio Rank
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.L vs. VUKG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) and Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L). 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.LVUKG.LDifference
Sharpe ratioReturn per unit of total volatility
1.00
1.95

-0.95

Sortino ratioReturn per unit of downside risk
1.42
2.75

-1.32

Omega ratioGain probability vs. loss probability

1.18

1.37

-0.19

Calmar ratioReturn relative to maximum drawdown

1.60

2.40

-0.81

Martin ratioReturn relative to average drawdown

4.52

7.96

-3.44

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.L vs. VUKG.L - Sharpe Ratio Comparison

The current XDN0.L Sharpe Ratio is 1.00, which is lower than the VUKG.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of XDN0.L and VUKG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XDN0.LVUKG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.00

1.95

-0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.34

0.92

-0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.56

+0.07

Drawdowns

XDN0.L vs. VUKG.L - Drawdown Comparison

The maximum XDN0.L drawdown since its inception was -24.85%, smaller than the maximum VUKG.L drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for XDN0.L and VUKG.L.

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Drawdown Indicators

XDN0.LVUKG.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.85%

-34.32%

+9.47%

Max Drawdown (1Y)

Largest decline over 1 year

-9.35%

-8.74%

-0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-24.78%

-13.03%

-11.75%

Max Drawdown (5Y)

Largest decline over 5 years

-24.78%

-13.03%

-11.75%

Max Drawdown (10Y)

Largest decline over 10 years

-24.85%

—

—

Current Drawdown

Current decline from peak

-0.85%

-4.16%

+3.31%

Average Drawdown

Average peak-to-trough decline

-6.11%

-4.73%

-1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.64%

+0.66%

Volatility

XDN0.L vs. VUKG.L - Volatility Comparison

Xtrackers MSCI Nordic UCITS ETF 1D (XDN0.L) has a higher volatility of 4.07% compared to Vanguard FTSE 100 UCITS ETF (GBP) Accumulating (VUKG.L) at 3.86%. This indicates that XDN0.L's price experiences larger fluctuations and is considered to be riskier than VUKG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDN0.LVUKG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

3.86%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

11.11%

9.35%

+1.76%

Volatility (1Y)

Calculated over the trailing 1-year period

14.97%

10.74%

+4.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.31%

12.75%

+4.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.25%

16.13%

+2.12%

XDN0.L vs. VUKG.L - Expense Ratio Comparison

XDN0.L has a 0.30% expense ratio, which is higher than VUKG.L's 0.09% expense ratio.

Dividends

XDN0.L vs. VUKG.L - Dividend Comparison

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

PositionTTM2025202420232022202120202019201820172016
VUKG.L
Vanguard FTSE 100 UCITS ETF (GBP) Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XDN0.L
Xtrackers MSCI Nordic UCITS ETF 1D		2.49%2.80%2.83%2.51%4.53%1.09%4.82%4.18%1.05%2.34%1.52%

Frequently Asked Questions

XDN0.L and VUKG.L 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, VUKG.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VUKG.L is cheaper with a 0.09% expense ratio, compared with 0.30% for XDN0.L.

XDN0.L tracks MSCI Nordic Countries NR EUR, while VUKG.L tracks FTSE AllSh TR GBP. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.30% for XDN0.L and 0.09% for VUKG.L.

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