XNKY.DE vs. ASML.AS

Last updated Jun 5, 2026

XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) is Japan Equities fund tracking the Nikkei 225®, while ASML.AS (ASML Holding NV) is a stock. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 22.96%/yr for ASML.AS. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

XNKY.DE vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and ASML Holding NV (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly lower than ASML.AS's 63.16% return.

XNKY.DE

• 1D: -1.43%
• 1M: 5.57%
• YTD: 32.35%
• 6M: 31.51%
• 1Y: 59.52%
• 3Y*: 20.83%
• 5Y*: 12.43%
• 10Y*: —

ASML.AS

• 1D: 0.86%
• 1M: 13.54%
• YTD: 63.16%
• 6M: 56.08%
• 1Y: 126.18%
• 3Y*: 31.56%
• 5Y*: 22.96%
• 10Y*: 33.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XNKY.DE vs. ASML.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XNKY.DE Xtrackers Nikkei 225 UCITS ETF	32.35%	16.16%	14.34%	18.03%	-15.35%	3.16%	13.56%
ASML.AS ASML Holding NV	63.16%	37.08%	0.36%	36.66%	-27.83%	78.74%	26.71%

Correlation

The correlation between XNKY.DE and ASML.AS is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020	0.54

The correlation between XNKY.DE and ASML.AS has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

Return for Risk

XNKY.DE vs. ASML.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XNKY.DE

XNKY.DE Risk / Return Rank: 79
XNKY.DE Sharpe Ratio Rank: 79
XNKY.DE Sortino Ratio Rank: 82
XNKY.DE Omega Ratio Rank: 72
XNKY.DE Calmar Ratio Rank: 85
XNKY.DE Martin Ratio Rank: 74

ASML.AS

ASML.AS Risk / Return Rank: 94
ASML.AS Sharpe Ratio Rank: 95
ASML.AS Sortino Ratio Rank: 93
ASML.AS Omega Ratio Rank: 92
ASML.AS Calmar Ratio Rank: 96
ASML.AS Martin Ratio Rank: 96

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.

XNKY.DE vs. ASML.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and ASML Holding NV (ASML.AS). 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.

	XNKY.DE	ASML.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.53	3.23	-0.71
Sortino ratio: Return per unit of downside risk	3.63	3.65	-0.02
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	4.59	8.17	-3.58
Martin ratio: Return relative to average drawdown	13.91	21.20	-7.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNKY.DE vs. ASML.AS - Sharpe Ratio Comparison

The current XNKY.DE Sharpe Ratio is 2.53, which is comparable to the ASML.AS Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of XNKY.DE and ASML.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XNKY.DE	ASML.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	3.23	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.59	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.54	+0.20

Drawdowns

XNKY.DE vs. ASML.AS - Drawdown Comparison

The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum ASML.AS drawdown of -89.99%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and ASML.AS.

Drawdown Indicators

	XNKY.DE	ASML.AS	Difference
Max Drawdown Largest peak-to-trough decline	-21.47%	-89.99%	+68.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-15.81%	+2.82%
Max Drawdown (3Y) Largest decline over 3 years	-20.16%	-44.77%	+24.61%
Max Drawdown (5Y) Largest decline over 5 years	-21.15%	-47.93%	+26.78%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.93%	—
Current Drawdown Current decline from peak	-1.43%	0.00%	-1.43%
Average Drawdown Average peak-to-trough decline	-7.84%	-32.58%	+24.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.29%	6.13%	-1.84%

Volatility

XNKY.DE vs. ASML.AS - Volatility Comparison

The current volatility for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) is 6.59%, while ASML Holding NV (ASML.AS) has a volatility of 13.42%. This indicates that XNKY.DE experiences smaller price fluctuations and is considered to be less risky than ASML.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNKY.DE	ASML.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	13.42%	-6.83%
Volatility (6M) Calculated over the trailing 6-month period	18.61%	30.65%	-12.04%
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	39.95%	-16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.57%	38.44%	-19.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.42%	34.12%	-15.70%

Dividends

XNKY.DE vs. ASML.AS - Dividend Comparison

XNKY.DE has not paid dividends to shareholders, while ASML.AS's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding NV	0.50%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
XNKY.DE Xtrackers Nikkei 225 UCITS ETF	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

Can I hold both XNKY.DE and ASML.AS in my portfolio?

XNKY.DE and ASML.AS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.