XDNE.DE vs. 36B4.DE
XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds - XDNE.DE tracks the MSCI Japan Select Screened Index (EUR Hedged) while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, XDNE.DE returned 18.26%/yr vs 4.83%/yr for 36B4.DE. A 0.79 correlation means they provide meaningful diversification when combined. XDNE.DE charges 0.25%/yr vs 0.20%/yr for 36B4.DE.
Performance
XDNE.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDNE.DE achieves a 16.11% return, which is significantly higher than 36B4.DE's 8.61% return.
XDNE.DE
- 1D
- -2.56%
- 1M
- -4.37%
- 6M
- 9.10%
- YTD
- 16.11%
- 1Y
- 41.96%
- 3Y*
- 23.75%
- 5Y*
- 18.26%
- 10Y*
- 13.40%
36B4.DE
- 1D
- -0.79%
- 1M
- 2.83%
- 6M
- 4.52%
- YTD
- 8.61%
- 1Y
- 19.17%
- 3Y*
- 9.22%
- 5Y*
- 4.83%
- 10Y*
- —
XDNE.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 16.11% | 25.99% | 21.86% | 32.65% | -6.33% | 11.20% | 6.98% | 8.01% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 8.61% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 16.82% |
Correlation
The correlation between XDNE.DE and 36B4.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.79 |
The correlation between XDNE.DE and 36B4.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
XDNE.DE vs. 36B4.DE — Risk / Return Rank
XDNE.DE
36B4.DE
XDNE.DE vs. 36B4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) and iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
| XDNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.19 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 1.76 | +2.43 |
| Martin ratioReturn relative to average drawdown | 13.97 | 5.09 | +8.87 |
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Drawdowns
XDNE.DE vs. 36B4.DE - Drawdown Comparison
The maximum XDNE.DE drawdown since its inception was -35.20%, which is greater than 36B4.DE's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for XDNE.DE and 36B4.DE.
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Drawdown Indicators
| XDNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.20% | -26.98% | -8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -10.82% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -15.67% | -6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -21.57% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.20% | — | — |
Current DrawdownCurrent decline from peak | -6.51% | -2.03% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -7.09% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.75% | -0.75% |
Volatility
XDNE.DE vs. 36B4.DE - Volatility Comparison
Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a higher volatility of 7.16% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 4.74%. This indicates that XDNE.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 4.74% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 16.76% | 14.24% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 18.44% | +2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.73% | 16.33% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 17.25% | +1.24% |
XDNE.DE vs. 36B4.DE - Expense Ratio Comparison
XDNE.DE has a 0.25% expense ratio, which is higher than 36B4.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDNE.DE vs. 36B4.DE - Dividend Comparison
XDNE.DE has not paid dividends to shareholders, while 36B4.DE's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.48% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XDNE.DE and 36B4.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B4.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B4.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XDNE.DE.
XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged), while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XDNE.DE and 0.20% for 36B4.DE.
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