XMK9.DE vs. XDEW.DE
XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XMK9.DE is a Japan Equities fund tracking the MSCI Japan, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, XMK9.DE returned 14.18%/yr vs 11.05%/yr for XDEW.DE. A 0.61 correlation means they provide meaningful diversification when combined. XMK9.DE charges 0.40%/yr vs 0.20%/yr for XDEW.DE.
Performance
XMK9.DE vs. XDEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMK9.DE achieves a 20.76% return, which is significantly higher than XDEW.DE's 14.15% return. Over the past 10 years, XMK9.DE has outperformed XDEW.DE with an annualized return of 14.18%, while XDEW.DE has yielded a comparatively lower 11.05% annualized return.
XMK9.DE
- 1D
- -0.98%
- 1M
- 0.82%
- 6M
- 13.78%
- YTD
- 20.76%
- 1Y
- 49.69%
- 3Y*
- 26.71%
- 5Y*
- 19.70%
- 10Y*
- 14.18%
XDEW.DE
- 1D
- -0.02%
- 1M
- 1.80%
- 6M
- 10.18%
- YTD
- 14.15%
- 1Y
- 19.97%
- 3Y*
- 12.88%
- 5Y*
- 9.45%
- 10Y*
- 11.05%
XMK9.DE vs. XDEW.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 | 20.76% | 27.06% | 22.48% | 33.32% | -6.06% | 11.96% | 7.38% | 17.43% | -16.83% | 18.73% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.15% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -4.53% | 4.00% |
Correlation
The correlation between XMK9.DE and XDEW.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2014 | 0.61 |
The correlation between XMK9.DE and XDEW.DE shifts across timeframes, from 0.45 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMK9.DE vs. XDEW.DE — Risk / Return Rank
XMK9.DE
XDEW.DE
XMK9.DE vs. XDEW.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 S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 3.93 | +1.15 |
| Martin ratioReturn relative to average drawdown | 16.58 | 12.11 | +4.47 |
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Drawdowns
XMK9.DE vs. XDEW.DE - Drawdown Comparison
The maximum XMK9.DE drawdown since its inception was -34.30%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XMK9.DE and XDEW.DE.
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Drawdown Indicators
| XMK9.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -38.79% | +4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -5.06% | -4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -22.70% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -22.70% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -38.79% | +4.49% |
Current DrawdownCurrent decline from peak | -3.16% | -0.92% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -5.33% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 1.65% | +1.34% |
Volatility
XMK9.DE vs. XDEW.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a higher volatility of 7.31% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.73%. This indicates that XMK9.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 2.73% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 6.91% | +9.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.66% | 10.64% | +10.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 14.91% | +3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 16.80% | +1.71% |
XMK9.DE vs. XDEW.DE - Expense Ratio Comparison
XMK9.DE has a 0.40% expense ratio, which is higher than XDEW.DE's 0.20% expense ratio.
Dividends
XMK9.DE vs. XDEW.DE - Dividend Comparison
Neither XMK9.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XMK9.DE and XDEW.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEW.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for XMK9.DE.
XMK9.DE is categorized as Japan Equities, while XDEW.DE is S&P 500. XMK9.DE tracks MSCI Japan, while XDEW.DE tracks S&P 500 Equal Weight Index. Their fees differ too: 0.40% for XMK9.DE and 0.20% for XDEW.DE.
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