XDNE.DE vs. EXUS.DE

Last updated Jul 4, 2026

XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - XDNE.DE is a Japan Equities fund tracking the MSCI Japan Select Screened Index (EUR Hedged), while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, XDNE.DE returned 47.69% vs 25.65% for EXUS.DE. A 0.73 correlation means they provide meaningful diversification when combined. XDNE.DE charges 0.25%/yr vs 0.15%/yr for EXUS.DE.

Performance

XDNE.DE vs. EXUS.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 World ex USA UCITS ETF 1C USD (EXUS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XDNE.DE achieves a 21.20% return, which is significantly higher than EXUS.DE's 13.41% return.

XDNE.DE

• 1D: 1.85%
• 1M: 2.84%
• 6M: 20.84%
• YTD: 21.20%
• 1Y: 47.69%
• 3Y*: 25.07%
• 5Y*: 19.01%
• 10Y*: 14.58%

EXUS.DE

• 1D: 0.66%
• 1M: 3.63%
• 6M: 13.12%
• YTD: 13.41%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)	21.20%	25.99%	7.56%
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD	13.41%	17.80%	4.15%

Correlation

The correlation between XDNE.DE and EXUS.DE is 0.76, 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	0.76
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024	0.73

The correlation between XDNE.DE and EXUS.DE has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

Return for Risk

XDNE.DE vs. EXUS.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: 88
XDNE.DE Sharpe Ratio Rank: 87
XDNE.DE Sortino Ratio Rank: 86
XDNE.DE Omega Ratio Rank: 86
XDNE.DE Calmar Ratio Rank: 91
XDNE.DE Martin Ratio Rank: 90

EXUS.DE

EXUS.DE Risk / Return Rank: 77
EXUS.DE Sharpe Ratio Rank: 78
EXUS.DE Sortino Ratio Rank: 80
EXUS.DE Omega Ratio Rank: 78
EXUS.DE Calmar Ratio Rank: 72
EXUS.DE Martin Ratio Rank: 77

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. EXUS.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 World ex USA UCITS ETF 1C USD (EXUS.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	EXUS.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.03	+0.28
Sortino ratio: Return per unit of downside risk	3.19	2.91	+0.28
Omega ratio: Gain probability vs. loss probability	1.43	1.38	+0.05
Calmar ratio: Return relative to maximum drawdown	4.77	2.94	+1.82
Martin ratio: Return relative to average drawdown	16.39	11.77	+4.62

XDNE.DE vs. EXUS.DE - Sharpe Ratio Comparison

The current XDNE.DE Sharpe Ratio is 2.31, which is comparable to the EXUS.DE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of XDNE.DE and EXUS.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.

Drawdowns

XDNE.DE vs. EXUS.DE - Drawdown Comparison

The maximum XDNE.DE drawdown since its inception was -35.20%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for XDNE.DE and EXUS.DE.

Drawdown Indicators

	XDNE.DE	EXUS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.20%	-16.21%	-18.99%
Max Drawdown (1Y) Largest decline over 1 year	-9.96%	-8.67%	-1.29%
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	-2.41%	0.00%	-2.41%
Average Drawdown Average peak-to-trough decline	-8.29%	-1.75%	-6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.17%	+0.73%

Volatility

XDNE.DE vs. EXUS.DE - Volatility Comparison

Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a higher volatility of 7.30% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.18%. This indicates that XDNE.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDNE.DE	EXUS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	3.18%	+4.12%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	10.31%	+6.00%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	12.59%	+8.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.69%	13.36%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	13.36%	+5.17%

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

XDNE.DE has a 0.25% expense ratio, which is higher than EXUS.DE's 0.15% 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. EXUS.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

XDNE.DE and EXUS.DE have a correlation of 0.76, 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 EXUS.DE?

On fees, EXUS.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, XDNE.DE or EXUS.DE?

EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XDNE.DE.

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

XDNE.DE is categorized as Japan Equities, while EXUS.DE is Global Equities. XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged), while EXUS.DE tracks MSCI World ex USA index. Their fees differ too: 0.25% for XDNE.DE and 0.15% for EXUS.DE.