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XNIF.L vs. IUKD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XNIF.L vs. IUKD.L

Last updated Jun 5, 2026

XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) and IUKD.L (iShares UK Dividend UCITS ETF) are both exchange-traded funds - XNIF.L is a Asia Pacific Equities fund tracking the MSCI India NR USD, while IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, XNIF.L returned 7.18%/yr vs 7.03%/yr for IUKD.L. At a 0.40 correlation, their price movements are largely independent. XNIF.L charges 0.85%/yr vs 0.40%/yr for IUKD.L.

Performance

XNIF.L vs. IUKD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and iShares UK Dividend UCITS ETF (IUKD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XNIF.L achieves a -16.13% return, which is significantly lower than IUKD.L's 7.22% return. Both investments have delivered pretty close results over the past 10 years, with XNIF.L having a 7.18% annualized return and IUKD.L not far behind at 7.03%.

XNIF.L

1D
1.22%
1M
-3.90%
YTD
-16.13%
6M
-16.53%
1Y
-14.54%
3Y*
-0.33%
5Y*
3.30%
10Y*
7.18%

IUKD.L

1D
0.49%
1M
0.08%
YTD
7.22%
6M
10.48%
1Y
24.39%
3Y*
18.89%
5Y*
11.88%
10Y*
7.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XNIF.L vs. IUKD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XNIF.L
Xtrackers Nifty 50 Swap UCITS ETF 1C		-16.13%-1.71%6.70%11.98%5.08%23.10%6.44%6.11%-1.17%23.90%
IUKD.L
iShares UK Dividend UCITS ETF		7.22%32.12%12.27%5.81%-1.44%23.43%-17.92%18.86%-14.11%6.92%

Correlation

The correlation between XNIF.L and IUKD.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2007

0.40

The correlation between XNIF.L and IUKD.L shifts across timeframes, from 0.23 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

XNIF.L vs. IUKD.L - Sectors Allocation Comparison

Sectors
XNIF.L
IUKD.L

Technology

22.4%

-

Consumer Cyclical

19.7%
4.3%

Communication Services

17.1%
6.1%

Financial Services

11.0%
41.6%

Healthcare

11.0%
2.5%

Consumer Defensive

7.7%
15.0%

Energy

5.4%
10.0%

Basic Materials

2.6%
4.8%

Industrials

2.3%

-

Utilities

0.9%
7.8%

Real Estate

-

7.8%

Technology

XNIF.L
22.4%
IUKD.L

-

Consumer Cyclical

XNIF.L
19.7%
IUKD.L
4.3%

Communication Services

XNIF.L
17.1%
IUKD.L
6.1%

Financial Services

XNIF.L
11.0%
IUKD.L
41.6%

Healthcare

XNIF.L
11.0%
IUKD.L
2.5%

Consumer Defensive

XNIF.L
7.7%
IUKD.L
15.0%

Energy

XNIF.L
5.4%
IUKD.L
10.0%

Basic Materials

XNIF.L
2.6%
IUKD.L
4.8%

Industrials

XNIF.L
2.3%
IUKD.L

-

Utilities

XNIF.L
0.9%
IUKD.L
7.8%

Real Estate

XNIF.L

-

IUKD.L
7.8%

Compare stocks, funds, or ETFs

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Xtrackers Nifty 50 Swap UCITS ETF 1C

iShares UK Dividend UCITS ETF

Often compared with XNIF.L:
XNIF.L vs. FRIN.LXNIF.L vs. INDYXNIF.L vs. NFTYXNIF.L vs. ^NIFTY500XNIF.L vs. IGCXNIF.L vs. SPYXNIF.L vs. FLIN
Often compared with IUKD.L:
IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L

Return for Risk

XNIF.L vs. IUKD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XNIF.L
XNIF.L Risk / Return Rank: 22
Overall Rank
XNIF.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
XNIF.L Sortino Ratio Rank: 22
Sortino Ratio Rank
XNIF.L Omega Ratio Rank: 22
Omega Ratio Rank
XNIF.L Calmar Ratio Rank: 33
Calmar Ratio Rank
XNIF.L Martin Ratio Rank: 22
Martin Ratio Rank
IUKD.L
IUKD.L Risk / Return Rank: 6161
Overall Rank
IUKD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 7070
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 5353
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XNIF.L vs. IUKD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) and iShares UK Dividend UCITS ETF (IUKD.L). 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.

XNIF.LIUKD.LDifference
Sharpe ratioReturn per unit of total volatility
-0.96
2.19

-3.15

Sortino ratioReturn per unit of downside risk
-1.33
2.96

-4.29

Omega ratioGain probability vs. loss probability

0.85

1.41

-0.56

Calmar ratioReturn relative to maximum drawdown

-0.66

2.48

-3.14

Martin ratioReturn relative to average drawdown

-1.41

8.97

-10.38

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNIF.L vs. IUKD.L - Sharpe Ratio Comparison

The current XNIF.L Sharpe Ratio is -0.96, which is lower than the IUKD.L Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XNIF.L and IUKD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XNIF.LIUKD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.96

2.19

-3.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.86

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.41

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.28

-0.03

Drawdowns

XNIF.L vs. IUKD.L - Drawdown Comparison

The maximum XNIF.L drawdown since its inception was -58.56%, smaller than the maximum IUKD.L drawdown of -61.95%. Use the drawdown chart below to compare losses from any high point for XNIF.L and IUKD.L.

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Drawdown Indicators

XNIF.LIUKD.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.56%

-61.95%

+3.39%

Max Drawdown (1Y)

Largest decline over 1 year

-21.09%

-9.92%

-11.17%

Max Drawdown (3Y)

Largest decline over 3 years

-23.80%

-10.52%

-13.28%

Max Drawdown (5Y)

Largest decline over 5 years

-23.80%

-19.93%

-3.87%

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

-44.34%

+5.79%

Current Drawdown

Current decline from peak

-22.51%

-3.39%

-19.12%

Average Drawdown

Average peak-to-trough decline

-13.41%

-14.97%

+1.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.94%

2.74%

+7.20%

Volatility

XNIF.L vs. IUKD.L - Volatility Comparison

Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) has a higher volatility of 5.56% compared to iShares UK Dividend UCITS ETF (IUKD.L) at 3.72%. This indicates that XNIF.L's price experiences larger fluctuations and is considered to be riskier than IUKD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XNIF.LIUKD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

3.72%

+1.84%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

9.33%

+2.88%

Volatility (1Y)

Calculated over the trailing 1-year period

14.57%

11.21%

+3.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

13.84%

+1.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

17.22%

+3.16%

XNIF.L vs. IUKD.L - Expense Ratio Comparison

XNIF.L has a 0.85% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.

Dividends

XNIF.L vs. IUKD.L - Dividend Comparison

XNIF.L has not paid dividends to shareholders, while IUKD.L's dividend yield for the trailing twelve months is around 4.53%.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.53%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
XNIF.L
Xtrackers Nifty 50 Swap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

XNIF.L and IUKD.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.85% for XNIF.L.

XNIF.L is categorized as Asia Pacific Equities, while IUKD.L is Dividend. XNIF.L tracks MSCI India NR USD, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.85% for XNIF.L and 0.40% for IUKD.L.

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