XDNS.L vs. XCNA.L

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) and Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L).

XDNS.L and XCNA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XDNS.L is a passively managed fund by DWS that tracks the performance of the TOPIX TR JPY. It was launched on Mar 31, 2015. XCNA.L is a passively managed fund by DWS that tracks the performance of the MSCI China A Onshore NR CNY. It was launched on Jun 15, 2022. Both XDNS.L and XCNA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XDNS.L vs. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D	7.90%	16.58%	9.87%	11.58%	5.92%
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C	2.26%	23.10%	16.47%	-16.84%	13.29%

Different Trading Currencies

XDNS.L is traded in GBp, while XCNA.L is traded in USD. To make them comparable, the XCNA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDNS.L achieves a 7.90% return, which is significantly higher than XCNA.L's 2.26% return.

XDNS.L

• 1D: 4.30%
• 1M: -2.68%
• YTD: 7.90%
• 6M: 12.64%
• 1Y: 27.65%
• 3Y*: 13.79%
• 5Y*: 7.50%
• 10Y*: 9.40%

XCNA.L

• 1D: 1.18%
• 1M: -1.66%
• YTD: 2.26%
• 6M: 5.34%
• 1Y: 28.59%
• 3Y*: 5.59%
• 5Y*: —
• 10Y*: —

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

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

XDNS.L has a 0.15% expense ratio, which is lower than XCNA.L's 0.29% expense ratio.

XCNA.L

Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C

XDNS.L

Xtrackers MSCI Japan ESG Screened UCITS ETF 1D

Return for Risk

XDNS.L vs. XCNA.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: 79
XDNS.L Sharpe Ratio Rank: 85
XDNS.L Sortino Ratio Rank: 85
XDNS.L Omega Ratio Rank: 81
XDNS.L Calmar Ratio Rank: 73
XDNS.L Martin Ratio Rank: 68

XCNA.L

XCNA.L Risk / Return Rank: 87
XCNA.L Sharpe Ratio Rank: 85
XCNA.L Sortino Ratio Rank: 83
XCNA.L Omega Ratio Rank: 83
XCNA.L Calmar Ratio Rank: 89
XCNA.L Martin Ratio Rank: 92

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. XCNA.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 Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.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.L	XCNA.L	Difference
Sharpe ratio Return per unit of total volatility	1.77	1.67	+0.11
Sortino ratio Return per unit of downside risk	2.40	2.18	+0.22
Omega ratio Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio Return relative to maximum drawdown	2.14	4.12	-1.97
Martin ratio Return relative to average drawdown	7.77	11.71	-3.95
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. XCNA.L - Sharpe Ratio Comparison

The current XDNS.L Sharpe Ratio is 1.77, which is comparable to the XCNA.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of XDNS.L and XCNA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XDNS.L	XCNA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.67	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.37	+0.19

Correlation

The correlation between XDNS.L and XCNA.L is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XDNS.L vs. XCNA.L - Dividend Comparison

XDNS.L's dividend yield for the trailing twelve months is around 1.53%, while XCNA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D	1.53%	1.63%	1.65%	1.81%	2.83%	1.46%	1.79%	1.77%	1.20%	1.97%	0.64%
XCNA.L Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

XDNS.L vs. XCNA.L - Drawdown Comparison

The maximum XDNS.L drawdown since its inception was -24.75%, smaller than the maximum XCNA.L drawdown of -35.26%. Use the drawdown chart below to compare losses from any high point for XDNS.L and XCNA.L.

Drawdown Indicators

	XDNS.L	XCNA.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.75%	-32.05%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-11.13%	+0.43%
Max Drawdown (5Y) Largest decline over 5 years	-19.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.75%	—	—
Current Drawdown Current decline from peak	-5.25%	-3.79%	-1.46%
Average Drawdown Average peak-to-trough decline	-5.39%	-14.83%	+9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	2.22%	+1.62%

Volatility

XDNS.L vs. XCNA.L - Volatility Comparison

Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a higher volatility of 8.57% compared to Xtrackers MSCI China A ESG Screened Swap UCITS ETF 1C (XCNA.L) at 5.54%. This indicates that XDNS.L's price experiences larger fluctuations and is considered to be riskier than XCNA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDNS.L	XCNA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	5.54%	+3.03%
Volatility (6M) Calculated over the trailing 6-month period	14.51%	11.73%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	21.85%	17.09%	+4.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	23.77%	-6.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	23.77%	-6.44%