XNKY.DE vs. EUNN.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds - XNKY.DE tracks the Nikkei 225® while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 9.85%/yr for EUNN.DE. Their correlation of 0.90 suggests significant overlap in exposure. XNKY.DE charges 0.09%/yr vs 0.12%/yr for EUNN.DE.
Performance
XNKY.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNKY.DE achieves a 32.35% return, which is significantly higher than EUNN.DE's 16.53% return.
XNKY.DE
- 1D
- -1.43%
- 1M
- 7.59%
- YTD
- 32.35%
- 6M
- 30.39%
- 1Y
- 60.72%
- 3Y*
- 20.83%
- 5Y*
- 12.43%
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
XNKY.DE vs. EUNN.DE - 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% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 8.43% |
Correlation
The correlation between XNKY.DE and EUNN.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.90 |
The correlation between XNKY.DE and EUNN.DE has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. EUNN.DE — Risk / Return Rank
XNKY.DE
EUNN.DE
XNKY.DE vs. EUNN.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 Japan IMI UCITS ETF (EUNN.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.
| XNKY.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.32 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.14 | +1.45 |
| Martin ratioReturn relative to average drawdown | 13.91 | 10.51 | +3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XNKY.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 1.67 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.61 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.53 | +0.21 |
Drawdowns
XNKY.DE vs. EUNN.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and EUNN.DE.
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Drawdown Indicators
| XNKY.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -28.55% | +7.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.58% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -15.81% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -19.41% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -1.43% | -0.27% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -6.85% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.86% | +1.43% |
Volatility
XNKY.DE vs. EUNN.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 3.16% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 14.53% | +4.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 17.97% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 16.04% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.08% | +2.34% |
XNKY.DE vs. EUNN.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than EUNN.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. EUNN.DE - Dividend Comparison
Neither XNKY.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
XNKY.DE and EUNN.DE have a correlation of 0.83, 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 EUNN.DE.
XNKY.DE tracks Nikkei 225®, while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XNKY.DE and 0.12% for EUNN.DE.
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