XM1D.DE vs. XNKY.DE
XM1D.DE (Xtrackers MSCI Japan UCITS ETF) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both Japan Equities funds from Xtrackers - XM1D.DE tracks the MSCI Japan while XNKY.DE tracks the Nikkei 225®. Both are passively managed. Over the past 3 years, XM1D.DE returned 15.70%/yr vs 20.83%/yr for XNKY.DE. Their correlation of 0.89 suggests significant overlap in exposure. XM1D.DE charges 0.12%/yr vs 0.09%/yr for XNKY.DE.
Performance
XM1D.DE vs. XNKY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XM1D.DE achieves a 17.34% return, which is significantly lower than XNKY.DE's 32.35% return.
XM1D.DE
- 1D
- -0.34%
- 1M
- 3.75%
- YTD
- 17.34%
- 6M
- 17.24%
- 1Y
- 32.28%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
XNKY.DE
- 1D
- -1.43%
- 1M
- 7.59%
- YTD
- 32.35%
- 6M
- 30.39%
- 1Y
- 60.72%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
XM1D.DE vs. XNKY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 17.34% | 12.60% | 13.72% | 13.20% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 32.35% | 16.16% | 14.34% | 13.38% |
Correlation
The correlation between XM1D.DE and XNKY.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023 | 0.89 |
The correlation between XM1D.DE and XNKY.DE has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
XM1D.DE vs. XNKY.DE — Risk / Return Rank
XM1D.DE
XNKY.DE
XM1D.DE vs. XNKY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) and Xtrackers Nikkei 225 UCITS ETF (XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 4.59 | -1.54 |
| Martin ratioReturn relative to average drawdown | 9.87 | 13.91 | -4.04 |
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 | XNKY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.53 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.74 | +0.27 |
Drawdowns
XM1D.DE vs. XNKY.DE - Drawdown Comparison
The maximum XM1D.DE drawdown since its inception was -16.92%, smaller than the maximum XNKY.DE drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for XM1D.DE and XNKY.DE.
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Drawdown Indicators
| XM1D.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.92% | -21.47% | +4.55% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -12.99% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -20.16% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.15% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.43% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -7.84% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 4.29% | -1.15% |
Volatility
XM1D.DE vs. XNKY.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Japan UCITS ETF (XM1D.DE) is 3.78%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 6.59%. This indicates that XM1D.DE experiences smaller price fluctuations and is considered to be less risky than XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 6.59% | -2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 18.61% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 23.59% | -4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 18.57% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 18.42% | -0.74% |
XM1D.DE vs. XNKY.DE - Expense Ratio Comparison
XM1D.DE has a 0.12% expense ratio, which is higher than XNKY.DE'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
XM1D.DE vs. XNKY.DE - Dividend Comparison
XM1D.DE's dividend yield for the trailing twelve months is around 1.47%, while XNKY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 1.47% | 1.71% | 2.68% | 1.64% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XM1D.DE and XNKY.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.12% for XM1D.DE.
XM1D.DE tracks MSCI Japan, while XNKY.DE tracks Nikkei 225®. Their fees differ too: 0.12% for XM1D.DE and 0.09% for XNKY.DE.
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