XNKY.DE vs. XMK9.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds from Xtrackers - XNKY.DE tracks the Nikkei 225® while XMK9.DE tracks the MSCI Japan. Both are passively managed. Over the past 5 years, XNKY.DE returned 12.43%/yr vs 19.08%/yr for XMK9.DE. A 0.79 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.40%/yr for XMK9.DE.
Performance
XNKY.DE vs. XMK9.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 XMK9.DE's 19.57% 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*
- —
XMK9.DE
- 1D
- 0.46%
- 1M
- 6.02%
- YTD
- 19.57%
- 6M
- 21.48%
- 1Y
- 51.09%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
XNKY.DE vs. XMK9.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% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 19.57% | 27.06% | 22.49% | 33.31% | -6.05% | 11.97% | 13.14% |
Correlation
The correlation between XNKY.DE and XMK9.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2020 | 0.79 |
The correlation between XNKY.DE and XMK9.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. XMK9.DE — Risk / Return Rank
XNKY.DE
XMK9.DE
XNKY.DE vs. XMK9.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) and Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.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 | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 5.21 | -0.62 |
| Martin ratioReturn relative to average drawdown | 13.91 | 17.91 | -4.00 |
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 | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.53 | 2.64 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.01 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.70 | +0.04 |
Drawdowns
XNKY.DE vs. XMK9.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum XMK9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and XMK9.DE.
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Drawdown Indicators
| XNKY.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -34.29% | +12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.72% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -21.74% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -21.74% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.29% | — |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -7.84% | -7.71% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 2.83% | +1.46% |
Volatility
XNKY.DE vs. XMK9.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 6.59% compared to Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) at 3.68%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than XMK9.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 | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 3.68% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 18.61% | 14.80% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.59% | 19.21% | +4.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.57% | 18.65% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 18.80% | -0.38% |
XNKY.DE vs. XMK9.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than XMK9.DE's 0.40% expense ratio.
Dividends
XNKY.DE vs. XMK9.DE - Dividend Comparison
Neither XNKY.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
XNKY.DE and XMK9.DE have a correlation of 0.81, 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 0.40% for XMK9.DE.
XNKY.DE tracks Nikkei 225®, while XMK9.DE tracks MSCI Japan. Their fees differ too: 0.09% for XNKY.DE and 0.40% for XMK9.DE.
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