XNKY.DE vs. EUNK.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - XNKY.DE is a Japan Equities fund tracking the Nikkei 225®, while EUNK.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 5 years, XNKY.DE returned 13.33%/yr vs 10.26%/yr for EUNK.DE. A 0.58 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.12%/yr for EUNK.DE.
Performance
XNKY.DE vs. EUNK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNKY.DE achieves a 38.55% return, which is significantly higher than EUNK.DE's 10.30% return.
XNKY.DE
- 1D
- 0.00%
- 1M
- 7.41%
- YTD
- 38.55%
- 6M
- 39.35%
- 1Y
- 66.87%
- 3Y*
- 23.92%
- 5Y*
- 13.33%
- 10Y*
- —
EUNK.DE
- 1D
- 0.78%
- 1M
- 2.37%
- YTD
- 10.30%
- 6M
- 11.02%
- 1Y
- 22.44%
- 3Y*
- 15.27%
- 5Y*
- 10.26%
- 10Y*
- 10.53%
XNKY.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 38.55% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 10.30% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | 9.92% |
Correlation
The correlation between XNKY.DE and EUNK.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.58 |
The correlation between XNKY.DE and EUNK.DE has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. EUNK.DE — Risk / Return Rank
XNKY.DE
EUNK.DE
XNKY.DE vs. EUNK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
| XNKY.DE | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 2.35 | +2.83 |
| Martin ratioReturn relative to average drawdown | 15.47 | 8.95 | +6.53 |
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Drawdowns
XNKY.DE vs. EUNK.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum EUNK.DE drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and EUNK.DE.
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Drawdown Indicators
| XNKY.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -35.44% | +13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.52% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -16.58% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -19.45% | -1.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.44% | — |
Current DrawdownCurrent decline from peak | -4.10% | 0.00% | -4.10% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -5.29% | -2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.50% | +1.83% |
Volatility
XNKY.DE vs. EUNK.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 9.07% compared to iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) at 2.79%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than EUNK.DE 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 | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 2.79% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 20.16% | 10.73% | +9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 12.91% | +12.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 14.20% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 15.22% | +3.44% |
XNKY.DE vs. EUNK.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than EUNK.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XNKY.DE vs. EUNK.DE - Dividend Comparison
Neither XNKY.DE nor EUNK.DE has paid dividends to shareholders.
Frequently Asked Questions
XNKY.DE and EUNK.DE have a correlation of 0.60, 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 0.12% for EUNK.DE.
XNKY.DE is categorized as Japan Equities, while EUNK.DE is Europe Equities. XNKY.DE tracks Nikkei 225®, while EUNK.DE tracks MSCI Europe. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XNKY.DE and 0.12% for EUNK.DE.
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