XMK9.DE vs. DBXJ.DE
XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) and DBXJ.DE (Xtrackers MSCI Japan UCITS ETF 1C) are both Japan Equities funds from Xtrackers tracking the MSCI Japan. Both are passively managed. Over the past 10 years, XMK9.DE returned 15.38%/yr vs 9.68%/yr for DBXJ.DE. Their correlation of 0.84 suggests significant overlap in exposure. XMK9.DE charges 0.40%/yr vs 0.12%/yr for DBXJ.DE.
Performance
XMK9.DE vs. DBXJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XMK9.DE having a 20.50% return and DBXJ.DE slightly lower at 20.08%. Over the past 10 years, XMK9.DE has outperformed DBXJ.DE with an annualized return of 15.38%, while DBXJ.DE has yielded a comparatively lower 9.68% annualized return.
XMK9.DE
- 1D
- 0.60%
- 1M
- 2.82%
- YTD
- 20.50%
- 6M
- 20.57%
- 1Y
- 51.28%
- 3Y*
- 26.34%
- 5Y*
- 19.23%
- 10Y*
- 15.38%
DBXJ.DE
- 1D
- 0.55%
- 1M
- 3.66%
- YTD
- 20.08%
- 6M
- 20.36%
- 1Y
- 38.56%
- 3Y*
- 17.62%
- 5Y*
- 10.48%
- 10Y*
- 9.68%
XMK9.DE vs. DBXJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 20.50% | 27.06% | 22.48% | 33.32% | -6.06% | 11.96% | 7.38% | 17.43% | -16.83% | 18.73% |
DBXJ.DE Xtrackers MSCI Japan UCITS ETF 1C | 20.08% | 12.58% | 13.75% | 16.43% | -12.41% | 9.99% | 5.08% | 21.75% | -9.54% | 9.08% |
Correlation
The correlation between XMK9.DE and DBXJ.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 15, 2012 | 0.84 |
The correlation between XMK9.DE and DBXJ.DE shifts across timeframes, from 0.83 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMK9.DE vs. DBXJ.DE — Risk / Return Rank
XMK9.DE
DBXJ.DE
XMK9.DE vs. DBXJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) and Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.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.
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.
| XMK9.DE | DBXJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.25 | 3.76 | +1.49 |
| Martin ratioReturn relative to average drawdown | 17.51 | 12.26 | +5.25 |
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Drawdowns
XMK9.DE vs. DBXJ.DE - Drawdown Comparison
The maximum XMK9.DE drawdown since its inception was -34.30%, smaller than the maximum DBXJ.DE drawdown of -51.22%. Use the drawdown chart below to compare losses from any high point for XMK9.DE and DBXJ.DE.
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Drawdown Indicators
| XMK9.DE | DBXJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -51.22% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -10.21% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -16.95% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -19.01% | -2.73% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -28.04% | -6.26% |
Current DrawdownCurrent decline from peak | -3.37% | -2.91% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -14.58% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 3.14% | -0.22% |
Volatility
XMK9.DE vs. DBXJ.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a higher volatility of 6.95% compared to Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.DE) at 6.11%. This indicates that XMK9.DE's price experiences larger fluctuations and is considered to be riskier than DBXJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMK9.DE | DBXJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.95% | 6.11% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 15.85% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 19.45% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.84% | 16.74% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 16.40% | +2.20% |
XMK9.DE vs. DBXJ.DE - Expense Ratio Comparison
XMK9.DE has a 0.40% expense ratio, which is higher than DBXJ.DE's 0.12% expense ratio.
Dividends
XMK9.DE vs. DBXJ.DE - Dividend Comparison
Neither XMK9.DE nor DBXJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XMK9.DE and DBXJ.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.
On fees, DBXJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXJ.DE is cheaper with a 0.12% expense ratio, compared with 0.40% for XMK9.DE.
Both ETFs track MSCI Japan. Their fees differ too: 0.40% for XMK9.DE and 0.12% for DBXJ.DE.
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