XNKY.DE vs. EMBE.L
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and EMBE.L (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both exchange-traded funds - XNKY.DE is a Japan Equities fund tracking the Nikkei 225®, while EMBE.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified Hedge TR EUR. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs -0.43%/yr for EMBE.L. At a 0.35 correlation, their price movements are largely independent. XNKY.DE charges 0.09%/yr vs 0.50%/yr for EMBE.L.
Performance
XNKY.DE vs. EMBE.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly higher than EMBE.L's 1.23% 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*
- —
EMBE.L
- 1D
- 0.81%
- 1M
- 1.12%
- YTD
- 1.23%
- 6M
- 1.69%
- 1Y
- 8.49%
- 3Y*
- 7.36%
- 5Y*
- -0.43%
- 10Y*
- 1.09%
XNKY.DE vs. EMBE.L - 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% |
EMBE.L iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 1.23% | 10.99% | 4.00% | 7.66% | -20.86% | -3.27% | 6.07% |
Correlation
The correlation between XNKY.DE and EMBE.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2020 | 0.35 |
The correlation between XNKY.DE and EMBE.L shifts across timeframes, from 0.35 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XNKY.DE vs. EMBE.L — Risk / Return Rank
XNKY.DE
EMBE.L
XNKY.DE vs. EMBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.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.
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 | EMBE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.27 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 1.84 | +2.74 |
| Martin ratioReturn relative to average drawdown | 13.91 | 7.04 | +6.87 |
Loading charts...
Drawdowns
XNKY.DE vs. EMBE.L - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum EMBE.L drawdown of -30.73%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and EMBE.L.
Loading charts...
Drawdown Indicators
| XNKY.DE | EMBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -30.73% | +9.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -4.58% | -8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -7.94% | -12.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -30.46% | +9.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.73% | — |
Current DrawdownCurrent decline from peak | -1.43% | -3.70% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -7.38% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 1.20% | +3.09% |
Volatility
XNKY.DE vs. EMBE.L - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (EMBE.L) at 2.14%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than EMBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XNKY.DE | EMBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.14% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 4.88% | +13.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 5.91% | +17.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 8.90% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 9.48% | +8.93% |
XNKY.DE vs. EMBE.L - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than EMBE.L's 0.50% expense ratio.
Dividends
XNKY.DE vs. EMBE.L - Dividend Comparison
XNKY.DE has not paid dividends to shareholders, while EMBE.L's dividend yield for the trailing twelve months is around 5.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMBE.L iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 5.13% | 5.44% | 5.64% | 5.50% | 5.39% | 3.92% | 3.85% | 4.77% | 5.75% | 3.88% | 5.36% | 4.72% |
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 EMBE.L have a correlation of 0.47, 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 0.50% for EMBE.L.
XNKY.DE is categorized as Japan Equities, while EMBE.L is Emerging Markets Bonds. XNKY.DE tracks Nikkei 225®, while EMBE.L tracks JPM EMBI Global Diversified Hedge TR EUR. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XNKY.DE and 0.50% for EMBE.L.
Find the right allocation for XNKY.DE and EMBE.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer