XNKY.DE vs. EFA
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and EFA (iShares MSCI EAFE ETF) are both exchange-traded funds - XNKY.DE is a Japan Equities fund tracking the Nikkei 225®, while EFA is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 9.35%/yr for EFA. A 0.56 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.32%/yr for EFA.
Performance
XNKY.DE vs. EFA - Performance Comparison
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Different Trading Currencies
XNKY.DE is traded in EUR, while EFA is traded in USD. To make them comparable, the EFA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly higher than EFA's 11.04% return.
XNKY.DE
- 1D
- -1.43%
- 1M
- 6.07%
- YTD
- 32.35%
- 6M
- 33.84%
- 1Y
- 59.86%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
EFA
- 1D
- 0.36%
- 1M
- 2.43%
- YTD
- 11.04%
- 6M
- 12.44%
- 1Y
- 20.55%
- 3Y*
- 13.47%
- 5Y*
- 9.35%
- 10Y*
- 9.49%
XNKY.DE vs. EFA - 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% |
EFA iShares MSCI EAFE ETF | 11.04% | 15.94% | 10.32% | 14.81% | -9.08% | 19.78% | 14.34% |
Correlation
The correlation between XNKY.DE and EFA 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 | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.56 |
The correlation between XNKY.DE and EFA has been stable across timeframes, ranging from 0.55 to 0.59 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. EFA — Risk / Return Rank
XNKY.DE
EFA
XNKY.DE vs. EFA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and iShares MSCI EAFE ETF (EFA). 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.
| XNKY.DE | EFA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 2.15 | +2.44 |
| Martin ratioReturn relative to average drawdown | 13.91 | 8.83 | +5.08 |
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Drawdowns
XNKY.DE vs. EFA - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum EFA drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and EFA.
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Drawdown Indicators
| XNKY.DE | EFA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -55.58% | +34.11% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.60% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -15.70% | -4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -17.18% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.89% | — |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -11.02% | +3.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.35% | +1.94% |
Volatility
XNKY.DE vs. EFA - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to iShares MSCI EAFE ETF (EFA) at 4.47%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than EFA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNKY.DE | EFA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 4.47% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 11.36% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 13.60% | +9.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 14.06% | +4.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 16.00% | +2.41% |
XNKY.DE vs. EFA - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than EFA's 0.32% expense ratio.
Dividends
XNKY.DE vs. EFA - Dividend Comparison
XNKY.DE has not paid dividends to shareholders, while EFA's dividend yield for the trailing twelve months is around 3.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFA iShares MSCI EAFE ETF | 3.09% | 3.38% | 3.24% | 2.98% | 2.69% | 3.33% | 2.13% | 3.10% | 3.39% | 2.57% | 3.07% | 2.76% |
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
XNKY.DE and EFA 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.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.32% for EFA.
XNKY.DE is categorized as Japan Equities, while EFA is Foreign Large Cap Equities. XNKY.DE tracks Nikkei 225®, while EFA tracks MSCI EAFE Index (Net). They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XNKY.DE and 0.32% for EFA.
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