XMKA.DE vs. XSX6.DE
XMKA.DE (Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc)) and XSX6.DE (Xtrackers STOXX Europe 600 UCITS ETF) are both exchange-traded funds - XMKA.DE is a Emerging Markets Equities fund tracking the MSCI EFM Africa Top 50 Capped Index, while XSX6.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, XMKA.DE returned 3.73%/yr vs 10.16%/yr for XSX6.DE. A 0.52 correlation means they provide meaningful diversification when combined. XMKA.DE charges 0.65%/yr vs 0.20%/yr for XSX6.DE.
Performance
XMKA.DE vs. XSX6.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 XSX6.DE's 11.63% return. Over the past 10 years, XMKA.DE has underperformed XSX6.DE with an annualized return of 3.73%, while XSX6.DE has yielded a comparatively higher 10.16% 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%
XSX6.DE
- 1D
- 0.00%
- 1M
- 4.56%
- 6M
- 10.88%
- YTD
- 11.63%
- 1Y
- 22.49%
- 3Y*
- 15.24%
- 5Y*
- 10.32%
- 10Y*
- 10.16%
XMKA.DE vs. XSX6.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% |
XSX6.DE Xtrackers STOXX Europe 600 UCITS ETF | 11.63% | 20.91% | 8.35% | 15.54% | -10.63% | 24.87% | -1.83% | 28.68% | -11.34% | 10.91% |
Correlation
The correlation between XMKA.DE and XSX6.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 9, 2011 | 0.52 |
The correlation between XMKA.DE and XSX6.DE shifts across timeframes, from 0.38 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMKA.DE vs. XSX6.DE — Risk / Return Rank
XMKA.DE
XSX6.DE
XMKA.DE vs. XSX6.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 STOXX Europe 600 UCITS ETF (XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.37 | -1.24 |
| Martin ratioReturn relative to average drawdown | 2.77 | 9.17 | -6.41 |
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Drawdowns
XMKA.DE vs. XSX6.DE - Drawdown Comparison
The maximum XMKA.DE drawdown since its inception was -51.47%, which is greater than XSX6.DE's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for XMKA.DE and XSX6.DE.
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Drawdown Indicators
| XMKA.DE | XSX6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.47% | -36.06% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -9.46% | -6.78% |
Max Drawdown (3Y)Largest decline over 3 years | -16.24% | -16.37% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.58% | -20.84% | -5.74% |
Max Drawdown (10Y)Largest decline over 10 years | -47.21% | -36.06% | -11.15% |
Current DrawdownCurrent decline from peak | -9.25% | 0.00% | -9.25% |
Average DrawdownAverage peak-to-trough decline | -22.03% | -5.24% | -16.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 2.44% | +4.18% |
Volatility
XMKA.DE vs. XSX6.DE - Volatility Comparison
Xtrackers MSCI Africa Top 50 Swap UCITS ETF (Acc) (XMKA.DE) has a higher volatility of 6.54% compared to Xtrackers STOXX Europe 600 UCITS ETF (XSX6.DE) at 3.11%. This indicates that XMKA.DE's price experiences larger fluctuations and is considered to be riskier than XSX6.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 | XSX6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 3.11% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 10.96% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 13.02% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.07% | 14.46% | +5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 15.23% | +6.48% |
XMKA.DE vs. XSX6.DE - Expense Ratio Comparison
XMKA.DE has a 0.65% expense ratio, which is higher than XSX6.DE's 0.20% expense ratio.
Dividends
XMKA.DE vs. XSX6.DE - Dividend Comparison
Neither XMKA.DE nor XSX6.DE has paid dividends to shareholders.
Frequently Asked Questions
XMKA.DE and XSX6.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSX6.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSX6.DE is cheaper with a 0.20% expense ratio, compared with 0.65% for XMKA.DE.
XMKA.DE is categorized as Emerging Markets Equities, while XSX6.DE is Europe Equities. XMKA.DE tracks MSCI EFM Africa Top 50 Capped Index, while XSX6.DE tracks STOXX® Europe 600. Their fees differ too: 0.65% for XMKA.DE and 0.20% for XSX6.DE.
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