XDNE.DE vs. XNKY.DE
XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both Japan Equities funds from Xtrackers - XDNE.DE tracks the MSCI Japan Select Screened Index (EUR Hedged) while XNKY.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, XDNE.DE returned 19.01%/yr vs 13.08%/yr for XNKY.DE. A 0.78 correlation means they provide meaningful diversification when combined. XDNE.DE charges 0.25%/yr vs 0.09%/yr for XNKY.DE.
Performance
XDNE.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDNE.DE achieves a 21.20% return, which is significantly lower than XNKY.DE's 36.19% 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%
XNKY.DE
- 1D
- 0.00%
- 1M
- 1.43%
- 6M
- 36.04%
- YTD
- 36.19%
- 1Y
- 60.65%
- 3Y*
- 22.64%
- 5Y*
- 13.08%
- 10Y*
- —
XDNE.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 21.20% | 25.99% | 21.86% | 32.65% | -6.33% | 11.20% | 9.21% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 36.19% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
Correlation
The correlation between XDNE.DE and XNKY.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.78 |
The correlation between XDNE.DE and XNKY.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
XDNE.DE vs. XNKY.DE — Risk / Return Rank
XDNE.DE
XNKY.DE
XDNE.DE vs. XNKY.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 Nikkei 225 UCITS ETF (XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 4.69 | +0.07 |
| Martin ratioReturn relative to average drawdown | 16.39 | 14.08 | +2.31 |
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Drawdowns
XDNE.DE vs. XNKY.DE - Drawdown Comparison
The maximum XDNE.DE drawdown since its inception was -35.20%, which is greater than XNKY.DE's maximum drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for XDNE.DE and XNKY.DE.
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Drawdown Indicators
| XDNE.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.20% | -21.47% | -13.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -12.99% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -20.16% | -1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -21.15% | -0.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.20% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | -5.73% | +3.32% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -7.80% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 4.33% | -1.43% |
Volatility
XDNE.DE vs. XNKY.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) is 7.30%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 9.58%. This indicates that XDNE.DE experiences smaller price fluctuations and is considered to be less risky than XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 9.58% | -2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 20.53% | -4.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.60% | 25.21% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 19.02% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 18.69% | -0.16% |
XDNE.DE vs. XNKY.DE - Expense Ratio Comparison
XDNE.DE has a 0.25% expense ratio, which is higher than XNKY.DE's 0.09% 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. XNKY.DE - Dividend Comparison
Neither XDNE.DE nor XNKY.DE has paid dividends to shareholders.
Frequently Asked Questions
XDNE.DE and XNKY.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.25% for XDNE.DE.
XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged), while XNKY.DE tracks Nikkei 225®. Their fees differ too: 0.25% for XDNE.DE and 0.09% for XNKY.DE.
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