XMK9.DE vs. XDJE.DE
XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) and XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Xtrackers - XMK9.DE tracks the MSCI Japan while XDJE.DE tracks the Nikkei 225 Index (EUR Hedged). Both are passively managed. Over the past 5 years, XMK9.DE returned 19.70%/yr vs 22.64%/yr for XDJE.DE. Their correlation of 0.92 suggests significant overlap in exposure. XMK9.DE charges 0.40%/yr vs 0.19%/yr for XDJE.DE.
Performance
XMK9.DE vs. XDJE.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 lower than XDJE.DE's 35.13% 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%
XDJE.DE
- 1D
- -1.05%
- 1M
- -2.39%
- 6M
- 26.50%
- YTD
- 35.13%
- 1Y
- 73.85%
- 3Y*
- 32.22%
- 5Y*
- 22.64%
- 10Y*
- —
XMK9.DE vs. XDJE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -8.85% |
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 35.13% | 30.93% | 23.55% | 35.26% | -9.02% | 5.24% | 16.17% | 16.86% | -7.63% |
Correlation
The correlation between XMK9.DE and XDJE.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.92 |
The correlation between XMK9.DE and XDJE.DE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.
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Return for Risk
XMK9.DE vs. XDJE.DE — Risk / Return Rank
XMK9.DE
XDJE.DE
XMK9.DE vs. XDJE.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 Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.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 | XDJE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 5.75 | -0.67 |
| Martin ratioReturn relative to average drawdown | 16.58 | 17.74 | -1.16 |
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Drawdowns
XMK9.DE vs. XDJE.DE - Drawdown Comparison
The maximum XMK9.DE drawdown since its inception was -34.30%, which is greater than XDJE.DE's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for XMK9.DE and XDJE.DE.
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Drawdown Indicators
| XMK9.DE | XDJE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -32.45% | -1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -12.77% | +3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -22.87% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -22.87% | +1.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | — | — |
Current DrawdownCurrent decline from peak | -3.16% | -7.26% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -6.08% | -1.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 4.15% | -1.16% |
Volatility
XMK9.DE vs. XDJE.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) is 7.31%, while Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a volatility of 9.75%. This indicates that XMK9.DE experiences smaller price fluctuations and is considered to be less risky than XDJE.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 | XDJE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 9.75% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 21.15% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.66% | 26.67% | -6.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.90% | 21.16% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 22.04% | -3.53% |
XMK9.DE vs. XDJE.DE - Expense Ratio Comparison
XMK9.DE has a 0.40% expense ratio, which is higher than XDJE.DE's 0.19% expense ratio.
Dividends
XMK9.DE vs. XDJE.DE - Dividend Comparison
XMK9.DE has not paid dividends to shareholders, while XDJE.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 0.81% | 1.11% | 1.21% | 1.32% | 2.27% | 1.08% | 1.00% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XMK9.DE and XDJE.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDJE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDJE.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for XMK9.DE.
XMK9.DE tracks MSCI Japan, while XDJE.DE tracks Nikkei 225 Index (EUR Hedged). Their fees differ too: 0.40% for XMK9.DE and 0.19% for XDJE.DE.
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