XESE.L vs. XDJP.L

Last updated Jun 25, 2026

XESE.L (Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C) and XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) are both exchange-traded funds - XESE.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while XDJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, XESE.L returned 3.16%/yr vs 13.42%/yr for XDJP.L. A 0.51 correlation means they provide meaningful diversification when combined. XESE.L charges 0.25%/yr vs 0.09%/yr for XDJP.L.

Performance

XESE.L vs. XDJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XESE.L is traded in GBP, while XDJP.L is traded in GBp. To make them comparable, the XDJP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, XESE.L achieves a 12.35% return, which is significantly lower than XDJP.L's 37.69% return.

XESE.L

• 1D: -0.29%
• 1M: 3.62%
• YTD: 12.35%
• 6M: 13.13%
• 1Y: 28.43%
• 3Y*: 15.76%
• 5Y*: 3.16%
• 10Y*: —

XDJP.L

• 1D: 1.01%
• 1M: 10.11%
• YTD: 37.69%
• 6M: 37.51%
• 1Y: 69.06%
• 3Y*: 24.21%
• 5Y*: 13.42%
• 10Y*: 13.33%

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

XESE.L vs. XDJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XESE.L Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C	12.35%	22.03%	12.08%	-1.92%	-11.39%	-8.77%	17.22%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	37.69%	21.04%	9.68%	15.52%	-10.26%	-3.79%	22.06%

Correlation

The correlation between XESE.L and XDJP.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 16, 2020	0.51

The correlation between XESE.L and XDJP.L shifts across timeframes, from 0.50 (5 years) to 0.61 (1 year), reflecting how their relationship changes across market environments.

XESE.L vs. XDJP.L - Sectors Allocation Comparison

Sectors	XESE.L	XDJP.L
Technology	31.3%	33.3%
Financial Services	24.6%	2.9%
Communication Services	13.7%	14.3%
Consumer Cyclical	13.2%	16.6%
Industrials	4.8%	18.2%
Healthcare	3.6%	6.1%
Basic Materials	3.4%	4.1%
Consumer Defensive	2.9%	2.9%
Real Estate	1.5%	1.2%
Utilities	0.9%	0.1%
Energy	-	0.3%

Return for Risk

XESE.L vs. XDJP.L — Risk / Return Rank

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

XESE.L

XESE.L Risk / Return Rank: 55
XESE.L Sharpe Ratio Rank: 54
XESE.L Sortino Ratio Rank: 51
XESE.L Omega Ratio Rank: 54
XESE.L Calmar Ratio Rank: 62
XESE.L Martin Ratio Rank: 53

XDJP.L

XDJP.L Risk / Return Rank: 89
XDJP.L Sharpe Ratio Rank: 92
XDJP.L Sortino Ratio Rank: 91
XDJP.L Omega Ratio Rank: 87
XDJP.L Calmar Ratio Rank: 91
XDJP.L Martin Ratio Rank: 84

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.

XESE.L vs. XDJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.

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.

	XESE.L	XDJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.88	-1.27
Sortino ratio: Return per unit of downside risk	2.18	3.81	-1.62
Omega ratio: Gain probability vs. loss probability	1.29	1.47	-0.18
Calmar ratio: Return relative to maximum drawdown	2.64	5.13	-2.48
Martin ratio: Return relative to average drawdown	8.09	15.34	-7.25

XESE.L vs. XDJP.L - Sharpe Ratio Comparison

The current XESE.L Sharpe Ratio is 1.61, which is lower than the XDJP.L Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of XESE.L and XDJP.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.

Drawdowns

XESE.L vs. XDJP.L - Drawdown Comparison

The maximum XESE.L drawdown since its inception was -37.68%, smaller than the maximum XDJP.L drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for XESE.L and XDJP.L.

Drawdown Indicators

	XESE.L	XDJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-99.99%	+62.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-13.40%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-16.88%	-18.82%	+1.94%
Max Drawdown (5Y) Largest decline over 5 years	-32.20%	-20.61%	-11.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.69%	—
Current Drawdown Current decline from peak	-5.07%	-99.97%	+94.90%
Average Drawdown Average peak-to-trough decline	-18.30%	-99.40%	+81.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	4.49%	-0.98%

Volatility

XESE.L vs. XDJP.L - Volatility Comparison

Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C (XESE.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) have volatilities of 8.96% and 9.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XESE.L	XDJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	9.28%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	15.06%	19.42%	-4.36%
Volatility (1Y) Calculated over the trailing 1-year period	17.71%	23.88%	-6.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	18.11%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.45%	17.36%	+1.09%

XESE.L vs. XDJP.L - Expense Ratio Comparison

XESE.L has a 0.25% expense ratio, which is higher than XDJP.L'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

XESE.L vs. XDJP.L - Dividend Comparison

XESE.L has not paid dividends to shareholders, while XDJP.L's dividend yield for the trailing twelve months is around 0.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	0.99%	1.33%	1.41%	1.60%	2.47%	1.20%	1.11%	1.13%	1.24%	0.72%	0.83%	0.16%
XESE.L Xtrackers MSCI Emerging Markets ESG 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%	0.00%

Frequently Asked Questions

Can I hold both XESE.L and XDJP.L in my portfolio?

XESE.L and XDJP.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XESE.L or XDJP.L?

On fees, XDJP.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, XESE.L or XDJP.L?

XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.25% for XESE.L.

What is the main difference between XESE.L and XDJP.L?

XESE.L is categorized as Emerging Markets Equities, while XDJP.L is Japan Equities. XESE.L tracks MSCI EM NR USD, while XDJP.L tracks TOPIX TR JPY. Their fees differ too: 0.25% for XESE.L and 0.09% for XDJP.L.