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XDNS.L vs. CNKY.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDNS.L vs. CNKY.L

Last updated Jun 5, 2026

XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) and CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds tracking the TOPIX TR JPY, from DWS and iShares respectively. Both are passively managed. Over the past 10 years, XDNS.L returned 9.68%/yr vs 12.70%/yr for CNKY.L. Their correlation of 0.81 suggests significant overlap in exposure. XDNS.L charges 0.15%/yr vs 0.48%/yr for CNKY.L.

Performance

XDNS.L vs. CNKY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XDNS.L achieves a 15.48% return, which is significantly lower than CNKY.L's 31.80% return. Over the past 10 years, XDNS.L has underperformed CNKY.L with an annualized return of 9.68%, while CNKY.L has yielded a comparatively higher 12.70% annualized return.

XDNS.L

1D
-0.57%
1M
3.71%
YTD
15.48%
6M
14.75%
1Y
33.55%
3Y*
14.60%
5Y*
9.38%
10Y*
9.68%

CNKY.L

1D
-1.22%
1M
7.58%
YTD
31.80%
6M
28.96%
1Y
64.51%
3Y*
20.46%
5Y*
12.16%
10Y*
12.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDNS.L vs. CNKY.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDNS.L
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D		15.48%16.58%9.87%11.58%-7.42%1.12%12.12%14.51%-10.22%14.74%
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		31.80%20.64%9.15%15.02%-10.53%-4.18%21.18%16.38%-3.99%14.19%

Correlation

The correlation between XDNS.L and CNKY.L is 0.73, 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

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

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

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2015

0.81

The correlation between XDNS.L and CNKY.L shifts across timeframes, from 0.70 (3 years) to 0.81 (all time), reflecting how their relationship changes across market environments.

XDNS.L vs. CNKY.L - Sectors Allocation Comparison

Sectors
XDNS.L
CNKY.L

Industrials

25.8%
18.8%

Technology

19.8%
32.6%

Financial Services

18.5%
3.1%

Consumer Cyclical

11.3%
16.4%

Communication Services

8.8%
14.0%

Healthcare

7.0%
6.4%

Basic Materials

3.2%
4.1%

Consumer Defensive

2.6%
3.0%

Real Estate

2.5%
1.2%

Utilities

0.6%
0.2%

Energy

-

0.3%

Industrials

XDNS.L
25.8%
CNKY.L
18.8%

Technology

XDNS.L
19.8%
CNKY.L
32.6%

Financial Services

XDNS.L
18.5%
CNKY.L
3.1%

Consumer Cyclical

XDNS.L
11.3%
CNKY.L
16.4%

Communication Services

XDNS.L
8.8%
CNKY.L
14.0%

Healthcare

XDNS.L
7.0%
CNKY.L
6.4%

Basic Materials

XDNS.L
3.2%
CNKY.L
4.1%

Consumer Defensive

XDNS.L
2.6%
CNKY.L
3.0%

Real Estate

XDNS.L
2.5%
CNKY.L
1.2%

Utilities

XDNS.L
0.6%
CNKY.L
0.2%

Energy

XDNS.L

-

CNKY.L
0.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers MSCI Japan ESG Screened UCITS ETF 1D

iShares Nikkei 225 UCITS ETF (Acc)

Often compared with XDNS.L:
XDNS.L vs. X7PP.LXDNS.L vs. XDJP.LXDNS.L vs. JPXNXDNS.L vs. IJPN.LXDNS.L vs. XBCU.LXDNS.L vs. XNNS.LXDNS.L vs. XCNA.L
Often compared with CNKY.L:
CNKY.L vs. XDJP.LCNKY.L vs. SPYCNKY.L vs. S400.LCNKY.L vs. SJPA.LCNKY.L vs. VOOCNKY.L vs. LGUG.LCNKY.L vs. HSTC.L

Return for Risk

XDNS.L vs. CNKY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDNS.L
XDNS.L Risk / Return Rank: 6767
Overall Rank
XDNS.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XDNS.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
XDNS.L Omega Ratio Rank: 6565
Omega Ratio Rank
XDNS.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
XDNS.L Martin Ratio Rank: 6464
Martin Ratio Rank
CNKY.L
CNKY.L Risk / Return Rank: 8383
Overall Rank
CNKY.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CNKY.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
CNKY.L Omega Ratio Rank: 7979
Omega Ratio Rank
CNKY.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
CNKY.L Martin Ratio Rank: 7676
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.

XDNS.L vs. CNKY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.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.

XDNS.LCNKY.LDifference
Sharpe ratioReturn per unit of total volatility
2.09
2.81

-0.72

Sortino ratioReturn per unit of downside risk
2.91
3.90

-0.99

Omega ratioGain probability vs. loss probability

1.39

1.47

-0.08

Calmar ratioReturn relative to maximum drawdown

3.81

4.76

-0.95

Martin ratioReturn relative to average drawdown

11.43

14.40

-2.96

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDNS.L vs. CNKY.L - Sharpe Ratio Comparison

The current XDNS.L Sharpe Ratio is 2.09, which is comparable to the CNKY.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of XDNS.L and CNKY.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

XDNS.LCNKY.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

2.81

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.68

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.74

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.67

-0.07

Drawdowns

XDNS.L vs. CNKY.L - Drawdown Comparison

The maximum XDNS.L drawdown since its inception was -24.75%, roughly equal to the maximum CNKY.L drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for XDNS.L and CNKY.L.

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Drawdown Indicators

XDNS.LCNKY.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-23.61%

-1.14%

Max Drawdown (1Y)

Largest decline over 1 year

-10.70%

-13.32%

+2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-19.39%

+5.07%

Max Drawdown (5Y)

Largest decline over 5 years

-19.29%

-20.83%

+1.54%

Max Drawdown (10Y)

Largest decline over 10 years

-24.75%

-23.61%

-1.14%

Current Drawdown

Current decline from peak

-0.57%

-1.22%

+0.65%

Average Drawdown

Average peak-to-trough decline

-5.35%

-7.33%

+1.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

4.41%

-0.37%

Volatility

XDNS.L vs. CNKY.L - Volatility Comparison

The current volatility for Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) is 3.89%, while iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a volatility of 6.86%. This indicates that XDNS.L experiences smaller price fluctuations and is considered to be less risky than CNKY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDNS.LCNKY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

6.86%

-2.97%

Volatility (6M)

Calculated over the trailing 6-month period

14.64%

17.88%

-3.24%

Volatility (1Y)

Calculated over the trailing 1-year period

19.56%

22.59%

-3.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.83%

17.76%

+0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

17.22%

+0.09%

XDNS.L vs. CNKY.L - Expense Ratio Comparison

XDNS.L has a 0.15% expense ratio, which is lower than CNKY.L's 0.48% expense ratio.

Dividends

XDNS.L vs. CNKY.L - Dividend Comparison

XDNS.L's dividend yield for the trailing twelve months is around 1.43%, while CNKY.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XDNS.L
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D		1.43%1.63%1.65%1.81%2.83%1.46%1.79%1.77%1.20%1.97%0.64%

Frequently Asked Questions

XDNS.L and CNKY.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.48% for CNKY.L.

Both ETFs track TOPIX TR JPY. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XDNS.L and 0.48% for CNKY.L.

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