XT01.L vs. XDJP.L
XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) and XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) are both exchange-traded funds - XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index, while XDJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, XT01.L returned 4.47%/yr vs 12.61%/yr for XDJP.L. At a correlation of -0.07, they often move in opposite directions. XT01.L charges 0.06%/yr vs 0.09%/yr for XDJP.L.
Performance
XT01.L vs. XDJP.L - Performance Comparison
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Different Trading Currencies
XT01.L is traded in GBP, while XDJP.L is traded in GBp. To make them comparable, the XDJP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XT01.L achieves a 1.60% return, which is significantly lower than XDJP.L's 31.98% return.
XT01.L
- 1D
- 0.10%
- 1M
- 1.28%
- YTD
- 1.60%
- 6M
- 1.14%
- 1Y
- 4.98%
- 3Y*
- 2.01%
- 5Y*
- 4.47%
- 10Y*
- —
XDJP.L
- 1D
- -1.35%
- 1M
- 10.95%
- YTD
- 31.98%
- 6M
- 29.24%
- 1Y
- 64.30%
- 3Y*
- 20.95%
- 5Y*
- 12.61%
- 10Y*
- 13.14%
XT01.L vs. XDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 1.60% | -2.80% | 6.91% | -0.75% | 12.89% | 1.36% | -5.72% |
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 31.98% | 21.04% | 9.67% | 15.52% | -10.26% | -3.79% | 15.76% |
Correlation
The correlation between XT01.L and XDJP.L is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | -0.07 |
The correlation between XT01.L and XDJP.L shifts across timeframes, from -0.22 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XT01.L vs. XDJP.L — Risk / Return Rank
XT01.L
XDJP.L
XT01.L vs. XDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.
| XT01.L | XDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.48 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 4.77 | -3.66 |
| Martin ratioReturn relative to average drawdown | 2.77 | 14.50 | -11.74 |
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
| XT01.L | XDJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.85 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.71 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.75 | -0.49 |
Drawdowns
XT01.L vs. XDJP.L - Drawdown Comparison
The maximum XT01.L drawdown since its inception was -15.31%, smaller than the maximum XDJP.L drawdown of -23.69%. Use the drawdown chart below to compare losses from any high point for XT01.L and XDJP.L.
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Drawdown Indicators
| XT01.L | XDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.31% | -23.69% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -13.40% | +8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -9.75% | -18.82% | +9.07% |
Max Drawdown (5Y)Largest decline over 5 years | -15.31% | -20.61% | +5.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.69% | — |
Current DrawdownCurrent decline from peak | -5.62% | -1.35% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -7.30% | -6.79% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 4.42% | -2.62% |
Volatility
XT01.L vs. XDJP.L - Volatility Comparison
The current volatility for Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) is 1.90%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a volatility of 6.75%. This indicates that XT01.L experiences smaller price fluctuations and is considered to be less risky than XDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XT01.L | XDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.90% | 6.75% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.68% | 17.68% | -13.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.44% | 22.44% | -16.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 17.72% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.34% | 17.63% | -9.29% |
XT01.L vs. XDJP.L - Expense Ratio Comparison
XT01.L has a 0.06% expense ratio, which is lower than XDJP.L's 0.09% 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
XT01.L vs. XDJP.L - Dividend Comparison
XT01.L has not paid dividends to shareholders, while XDJP.L's dividend yield for the trailing twelve months is around 1.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 1.04% | 1.33% | 1.41% | 1.59% | 2.47% | 1.20% | 1.11% | 1.13% | 1.24% | 0.72% | 0.83% | 0.16% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 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
XT01.L and XDJP.L have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.09% for XDJP.L.
XT01.L is categorized as Government Bonds, while XDJP.L is Japan Equities. XT01.L tracks FTSE US Treasury Short Duration Index, while XDJP.L tracks TOPIX TR JPY. Their fees differ too: 0.06% for XT01.L and 0.09% for XDJP.L.
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