XESC.L vs. XMJP.L

Last updated Jun 5, 2026

XESC.L (Xtrackers EURO STOXX 50 UCITS ETF 1C) and XMJP.L (Xtrackers MSCI Japan UCITS ETF 1C) are both exchange-traded funds - XESC.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while XMJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, XESC.L returned 11.56%/yr vs 10.26%/yr for XMJP.L. A 0.55 correlation means they provide meaningful diversification when combined. XESC.L charges 0.09%/yr vs 0.20%/yr for XMJP.L.

Performance

XESC.L vs. XMJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XESC.L achieves a 6.52% return, which is significantly lower than XMJP.L's 16.45% return. Over the past 10 years, XESC.L has outperformed XMJP.L with an annualized return of 11.56%, while XMJP.L has yielded a comparatively lower 10.26% annualized return.

XESC.L

• 1D: 0.98%
• 1M: 4.88%
• YTD: 6.52%
• 6M: 7.72%
• 1Y: 19.01%
• 3Y*: 15.74%
• 5Y*: 11.67%
• 10Y*: 11.56%

XMJP.L

• 1D: -0.26%
• 1M: 6.26%
• YTD: 16.45%
• 6M: 15.56%
• 1Y: 34.15%
• 3Y*: 15.63%
• 5Y*: 10.23%
• 10Y*: 10.26%

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

XESC.L vs. XMJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XESC.L Xtrackers EURO STOXX 50 UCITS ETF 1C	6.52%	28.16%	6.11%	20.06%	-3.40%	15.50%	3.15%	21.73%	-10.68%	14.50%
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C	16.45%	17.49%	9.14%	13.88%	-7.09%	2.11%	12.34%	14.37%	-8.64%	13.19%

Correlation

The correlation between XESC.L and XMJP.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 6, 2009	0.55

The correlation between XESC.L and XMJP.L shifts across timeframes, from 0.46 (1 year) to 0.61 (10 years), reflecting how their relationship changes across market environments.

XESC.L vs. XMJP.L - Sectors Allocation Comparison

Sectors	XESC.L	XMJP.L
Financial Services	26.0%	17.5%
Industrials	22.9%	26.0%
Technology	16.7%	19.1%
Consumer Cyclical	10.2%	12.2%
Healthcare	5.6%	6.3%
Energy	5.4%	1.1%
Utilities	5.0%	1.1%
Consumer Defensive	4.1%	3.6%
Communication Services	2.4%	7.9%
Basic Materials	1.8%	3.0%
Real Estate	-	2.3%

Return for Risk

XESC.L vs. XMJP.L — Risk / Return Rank

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

XESC.L

XESC.L Risk / Return Rank: 36
XESC.L Sharpe Ratio Rank: 36
XESC.L Sortino Ratio Rank: 37
XESC.L Omega Ratio Rank: 36
XESC.L Calmar Ratio Rank: 34
XESC.L Martin Ratio Rank: 37

XMJP.L

XMJP.L Risk / Return Rank: 59
XMJP.L Sharpe Ratio Rank: 57
XMJP.L Sortino Ratio Rank: 58
XMJP.L Omega Ratio Rank: 59
XMJP.L Calmar Ratio Rank: 65
XMJP.L Martin Ratio Rank: 58

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.

XESC.L vs. XMJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) and Xtrackers MSCI Japan UCITS ETF 1C (XMJP.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.

	XESC.L	XMJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.88	-0.63
Sortino ratio: Return per unit of downside risk	1.87	2.71	-0.84
Omega ratio: Gain probability vs. loss probability	1.23	1.35	-0.12
Calmar ratio: Return relative to maximum drawdown	1.64	3.19	-1.55
Martin ratio: Return relative to average drawdown	5.52	10.22	-4.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XESC.L vs. XMJP.L - Sharpe Ratio Comparison

The current XESC.L Sharpe Ratio is 1.25, which is lower than the XMJP.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of XESC.L and XMJP.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.

Sharpe Ratios by Period

	XESC.L	XMJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.88	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.65	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.64	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.40	+0.07

Drawdowns

XESC.L vs. XMJP.L - Drawdown Comparison

The maximum XESC.L drawdown since its inception was -34.48%, which is greater than XMJP.L's maximum drawdown of -28.91%. Use the drawdown chart below to compare losses from any high point for XESC.L and XMJP.L.

Drawdown Indicators

	XESC.L	XMJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.48%	-28.91%	-5.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.53%	-10.65%	-0.88%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-14.29%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-21.64%	-18.48%	-3.16%
Max Drawdown (10Y) Largest decline over 10 years	-31.64%	-24.22%	-7.42%
Current Drawdown Current decline from peak	-0.44%	-0.26%	-0.18%
Average Drawdown Average peak-to-trough decline	-7.08%	-7.44%	+0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.44%	3.33%	+0.11%

Volatility

XESC.L vs. XMJP.L - Volatility Comparison

Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.L) has a higher volatility of 4.85% compared to Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L) at 3.89%. This indicates that XESC.L's price experiences larger fluctuations and is considered to be riskier than XMJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESC.L	XMJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	3.89%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	12.30%	14.76%	-2.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	18.08%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	15.78%	+1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.81%	15.90%	+1.91%

XESC.L vs. XMJP.L - Expense Ratio Comparison

XESC.L has a 0.09% expense ratio, which is lower than XMJP.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XESC.L vs. XMJP.L - Dividend Comparison

Neither XESC.L nor XMJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XESC.L and XMJP.L in my portfolio?

XESC.L and XMJP.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XESC.L or XMJP.L?

On fees, XESC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XESC.L or XMJP.L?

XESC.L is cheaper with a 0.09% expense ratio, compared with 0.20% for XMJP.L.

What is the main difference between XESC.L and XMJP.L?

XESC.L is categorized as Europe Equities, while XMJP.L is Japan Equities. XESC.L tracks MSCI EMU NR EUR, while XMJP.L tracks TOPIX TR JPY. Their fees differ too: 0.09% for XESC.L and 0.20% for XMJP.L.