XNKY.DE vs. SXR8.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - XNKY.DE is a Japan Equities fund tracking the Nikkei 225®, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 14.77%/yr for SXR8.DE. A 0.62 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.07%/yr for SXR8.DE.
Performance
XNKY.DE vs. SXR8.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 SXR8.DE's 11.37% 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*
- —
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
XNKY.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 7.28% |
Correlation
The correlation between XNKY.DE and SXR8.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.62 |
The correlation between XNKY.DE and SXR8.DE has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. SXR8.DE — Risk / Return Rank
XNKY.DE
SXR8.DE
XNKY.DE vs. SXR8.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 S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.58 | +1.01 |
| Martin ratioReturn relative to average drawdown | 13.91 | 12.71 | +1.20 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.21 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.96 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.79 | -0.05 |
Drawdowns
XNKY.DE vs. SXR8.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum SXR8.DE drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and SXR8.DE.
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Drawdown Indicators
| XNKY.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -33.78% | +12.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -7.13% | -5.86% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -23.32% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -23.32% | +2.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -1.43% | -0.45% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -5.17% | -2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.01% | +2.28% |
Volatility
XNKY.DE vs. SXR8.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.65% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 7.57% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 11.56% | +12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 15.16% | +3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.09% | +2.33% |
XNKY.DE vs. SXR8.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio. However, 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. SXR8.DE - Dividend Comparison
Neither XNKY.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
XNKY.DE and SXR8.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for XNKY.DE.
XNKY.DE is categorized as Japan Equities, while SXR8.DE is S&P 500. XNKY.DE tracks Nikkei 225®, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.09% for XNKY.DE and 0.07% for SXR8.DE.
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