XMKA.DE vs. XESC.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - XMKA.DE is a Emerging Markets Equities fund tracking the MSCI EFM Africa Top 50 Capped Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, XMKA.DE returned 3.73%/yr vs 11.67%/yr for XESC.DE. At a 0.49 correlation, their price movements are largely independent. XMKA.DE charges 0.65%/yr vs 0.09%/yr for XESC.DE.
Performance
XMKA.DE vs. XESC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMKA.DE achieves a 0.44% return, which is significantly lower than XESC.DE's 11.96% return. Over the past 10 years, XMKA.DE has underperformed XESC.DE with an annualized return of 3.73%, while XESC.DE has yielded a comparatively higher 11.67% annualized return.
XMKA.DE
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- -1.39%
- YTD
- 0.44%
- 1Y
- 18.36%
- 3Y*
- 15.85%
- 5Y*
- 6.25%
- 10Y*
- 3.73%
XESC.DE
- 1D
- 0.00%
- 1M
- 5.24%
- 6M
- 10.86%
- YTD
- 11.96%
- 1Y
- 22.20%
- 3Y*
- 16.35%
- 5Y*
- 12.51%
- 10Y*
- 11.67%
XMKA.DE vs. XESC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMKA.DE Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) | 0.44% | 36.20% | 10.13% | -6.42% | -6.03% | 12.80% | -15.94% | 13.45% | -15.31% | 10.09% |
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C | 11.96% | 22.24% | 11.06% | 22.50% | -8.87% | 23.54% | -2.88% | 30.09% | -12.09% | 10.25% |
Correlation
The correlation between XMKA.DE and XESC.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 9, 2011 | 0.49 |
The correlation between XMKA.DE and XESC.DE shifts across timeframes, from 0.36 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMKA.DE vs. XESC.DE — Risk / Return Rank
XMKA.DE
XESC.DE
XMKA.DE vs. XESC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) and Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.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.
| XMKA.DE | XESC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.04 | -0.92 |
| Martin ratioReturn relative to average drawdown | 2.77 | 7.10 | -4.33 |
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Drawdowns
XMKA.DE vs. XESC.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, which is greater than XESC.DE's maximum drawdown of -46.74%. Use the drawdown chart below to compare losses from any high point for XMKA.DE and XESC.DE.
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Drawdown Indicators
| XMKA.DE | XESC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -46.74% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -10.88% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -16.53% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -23.33% | -3.25% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -38.51% | -8.70% |
Current DrawdownCurrent decline from peak | -9.25% | 0.00% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -9.05% | -12.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 3.13% | +3.49% |
Volatility
XMKA.DE vs. XESC.DE - Volatility Comparison
Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) has a higher volatility of 6.54% compared to Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) at 3.86%. This indicates that XMKA.DE's price experiences larger fluctuations and is considered to be riskier than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMKA.DE | XESC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 3.86% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 13.34% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 16.07% | +3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 17.58% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 17.93% | +3.78% |
XMKA.DE vs. XESC.DE - Expense Ratio Comparison
XMKA.DE has a 0.65% expense ratio, which is higher than XESC.DE's 0.09% expense ratio.
Dividends
XMKA.DE vs. XESC.DE - Dividend Comparison
Neither XMKA.DE nor XESC.DE has paid dividends to shareholders.
Frequently Asked Questions
XMKA.DE and XESC.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.65% for XMKA.DE.
XMKA.DE is categorized as Emerging Markets Equities, while XESC.DE is Europe Equities. XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while XESC.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.65% for XMKA.DE and 0.09% for XESC.DE.
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