XDNE.DE vs. DBX4.DE

Last updated Jul 18, 2026

XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) and DBX4.DE (Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF) are both exchange-traded funds - XDNE.DE is a Japan Equities fund tracking the MSCI Japan Select Screened Index (EUR Hedged), while DBX4.DE is a ESG fund tracking the MSCI EM EMEA Low Carbon SRI Selection Capped Index. Both are passively managed. At a 0.06 correlation, their price movements are largely independent. XDNE.DE charges 0.25%/yr vs 0.65%/yr for DBX4.DE.

Performance

XDNE.DE vs. DBX4.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) and Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

DBX4.DE

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XDNE.DE vs. DBX4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)	16.11%	29.59%
DBX4.DE Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF	0.00%	5.03%

Correlation

The correlation between XDNE.DE and DBX4.DE is 0.06, 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 (All Time) Calculated using the full available price history since Jan 13, 2025	0.06

Return for Risk

XDNE.DE vs. DBX4.DE — Risk / Return Rank

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

XDNE.DE

XDNE.DE Risk / Return Rank: 85
XDNE.DE Sharpe Ratio Rank: 83
XDNE.DE Sortino Ratio Rank: 81
XDNE.DE Omega Ratio Rank: 81
XDNE.DE Calmar Ratio Rank: 90
XDNE.DE Martin Ratio Rank: 88

DBX4.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

XDNE.DE vs. DBX4.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 Xtrackers MSCI EM Europe Middle East & Africa Swap UCITS ETF (DBX4.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	DBX4.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.99	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.19	—	—
Martin ratio: Return relative to average drawdown	13.97	—	—

Drawdowns

Drawdown Indicators

	XDNE.DE	DBX4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.96%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.20%	—	—
Current Drawdown Current decline from peak	-6.51%	—	—
Average Drawdown Average peak-to-trough decline	-8.27%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	XDNE.DE	DBX4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.73%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.49%	—	—

XDNE.DE vs. DBX4.DE - Expense Ratio Comparison

XDNE.DE has a 0.25% expense ratio, which is lower than DBX4.DE's 0.65% expense ratio.

Dividends

XDNE.DE vs. DBX4.DE - Dividend Comparison

Neither XDNE.DE nor DBX4.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XDNE.DE and DBX4.DE in my portfolio?

XDNE.DE and DBX4.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDNE.DE or DBX4.DE?

On fees, XDNE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDNE.DE or DBX4.DE?

XDNE.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for DBX4.DE.

What is the main difference between XDNE.DE and DBX4.DE?

XDNE.DE is categorized as Japan Equities, while DBX4.DE is ESG. XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged), while DBX4.DE tracks MSCI EM EMEA Low Carbon SRI Selection Capped Index. Their fees differ too: 0.25% for XDNE.DE and 0.65% for DBX4.DE.