XM1D.DE vs. EUNN.DE
XM1D.DE (Xtrackers MSCI Japan UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds - XM1D.DE tracks the MSCI Japan while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 3 years, XM1D.DE returned 15.70%/yr vs 15.47%/yr for EUNN.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.
Performance
XM1D.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XM1D.DE having a 17.34% return and EUNN.DE slightly lower at 16.53%.
XM1D.DE
- 1D
- -0.34%
- 1M
- 3.75%
- YTD
- 17.34%
- 6M
- 17.24%
- 1Y
- 32.28%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
XM1D.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 17.34% | 12.60% | 13.72% | 13.20% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 12.19% |
Correlation
The correlation between XM1D.DE and EUNN.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023 | 0.98 |
The correlation between XM1D.DE and EUNN.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
XM1D.DE vs. EUNN.DE — Risk / Return Rank
XM1D.DE
EUNN.DE
XM1D.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| XM1D.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.14 | -0.08 |
| Martin ratioReturn relative to average drawdown | 9.87 | 10.51 | -0.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XM1D.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 1.67 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.53 | +0.48 |
Drawdowns
XM1D.DE vs. EUNN.DE - Drawdown Comparison
The maximum XM1D.DE drawdown since its inception was -16.92%, smaller than the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for XM1D.DE and EUNN.DE.
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Drawdown Indicators
| XM1D.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.92% | -28.55% | +11.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.58% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -15.81% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.27% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -6.85% | +3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.86% | +0.28% |
Volatility
XM1D.DE vs. EUNN.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF (XM1D.DE) has a higher volatility of 3.78% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that XM1D.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XM1D.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.16% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 14.53% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 17.97% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 16.04% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 16.08% | +1.60% |
XM1D.DE vs. EUNN.DE - Expense Ratio Comparison
Both XM1D.DE and EUNN.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XM1D.DE vs. EUNN.DE - Dividend Comparison
XM1D.DE's dividend yield for the trailing twelve months is around 1.47%, while EUNN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 1.47% | 1.71% | 2.68% | 1.64% |
Frequently Asked Questions
With a correlation of 0.97, XM1D.DE and EUNN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XM1D.DE and EUNN.DE have the same expense ratio: 0.12% per year.
XM1D.DE tracks MSCI Japan, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Xtrackers and iShares.
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