XMK9.DE vs. SGAJ.DE
XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) and SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) are both Japan Equities funds - XMK9.DE tracks the MSCI Japan while SGAJ.DE tracks the MSCI Japan ESG Screened. Both are passively managed. Over the past 5 years, XMK9.DE returned 19.08%/yr vs 9.71%/yr for SGAJ.DE. Their correlation of 0.85 suggests significant overlap in exposure. XMK9.DE charges 0.40%/yr vs 0.15%/yr for SGAJ.DE.
Performance
XMK9.DE vs. SGAJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMK9.DE achieves a 19.57% return, which is significantly higher than SGAJ.DE's 17.45% return.
XMK9.DE
- 1D
- 0.46%
- 1M
- 6.02%
- YTD
- 19.57%
- 6M
- 21.48%
- 1Y
- 51.09%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
SGAJ.DE
- 1D
- -0.33%
- 1M
- 4.03%
- YTD
- 17.45%
- 6M
- 17.53%
- 1Y
- 31.96%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
XMK9.DE vs. SGAJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 19.57% | 27.06% | 22.49% | 33.31% | -6.05% | 11.97% | 7.34% | 17.42% | -7.88% |
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -12.85% | 9.72% | 5.86% | 23.60% | -6.85% |
Correlation
The correlation between XMK9.DE and SGAJ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.85 |
The correlation between XMK9.DE and SGAJ.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
XMK9.DE vs. SGAJ.DE — Risk / Return Rank
XMK9.DE
SGAJ.DE
XMK9.DE vs. SGAJ.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 iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.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.
| XMK9.DE | SGAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.31 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.21 | 2.96 | +2.25 |
| Martin ratioReturn relative to average drawdown | 17.91 | 9.77 | +8.14 |
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
| XMK9.DE | SGAJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 1.62 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.57 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.55 | +0.15 |
Drawdowns
XMK9.DE vs. SGAJ.DE - Drawdown Comparison
The maximum XMK9.DE drawdown since its inception was -34.29%, which is greater than SGAJ.DE's maximum drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for XMK9.DE and SGAJ.DE.
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Drawdown Indicators
| XMK9.DE | SGAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.29% | -28.20% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.72% | -10.37% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -17.14% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -19.32% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -34.29% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -5.79% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.15% | -0.32% |
Volatility
XMK9.DE vs. SGAJ.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a higher volatility of 3.68% compared to iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) at 3.44%. This indicates that XMK9.DE's price experiences larger fluctuations and is considered to be riskier than SGAJ.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 | SGAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.44% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 14.80% | 15.00% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.21% | 18.93% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 16.69% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 17.41% | +1.39% |
XMK9.DE vs. SGAJ.DE - Expense Ratio Comparison
XMK9.DE has a 0.40% expense ratio, which is higher than SGAJ.DE's 0.15% expense ratio.
Dividends
XMK9.DE vs. SGAJ.DE - Dividend Comparison
Neither XMK9.DE nor SGAJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, XMK9.DE and SGAJ.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, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for XMK9.DE.
XMK9.DE tracks MSCI Japan, while SGAJ.DE tracks MSCI Japan ESG Screened. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.40% for XMK9.DE and 0.15% for SGAJ.DE.
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