XXSC.L vs. XDNS.L

Last updated Jun 5, 2026

XXSC.L (Xtrackers MSCI Europe Small Cap UCITS ETF 1C) and XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) are both exchange-traded funds - XXSC.L is a Europe Equities fund tracking the MSCI Europe Small Cap NR EUR, while XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, XXSC.L returned 8.44%/yr vs 9.68%/yr for XDNS.L. At a 0.48 correlation, their price movements are largely independent. XXSC.L charges 0.30%/yr vs 0.15%/yr for XDNS.L.

Performance

XXSC.L vs. XDNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XXSC.L achieves a 6.58% return, which is significantly lower than XDNS.L's 15.48% return. Over the past 10 years, XXSC.L has underperformed XDNS.L with an annualized return of 8.44%, while XDNS.L has yielded a comparatively higher 9.68% annualized return.

XXSC.L

• 1D: 0.56%
• 1M: 2.62%
• YTD: 6.58%
• 6M: 9.35%
• 1Y: 15.64%
• 3Y*: 11.84%
• 5Y*: 4.26%
• 10Y*: 8.44%

XDNS.L

• 1D: -0.57%
• 1M: 6.27%
• YTD: 15.48%
• 6M: 14.59%
• 1Y: 32.42%
• 3Y*: 14.60%
• 5Y*: 9.38%
• 10Y*: 9.68%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XXSC.L vs. XDNS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XXSC.L Xtrackers MSCI Europe Small Cap UCITS ETF 1C	6.58%	22.28%	0.76%	10.44%	-17.50%	15.39%	10.55%	24.87%	-14.91%	23.58%
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D	15.48%	16.58%	9.87%	11.58%	-7.42%	1.12%	12.12%	14.51%	-10.22%	14.74%

Correlation

The correlation between XXSC.L and XDNS.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Aug 18, 2015	0.48

XXSC.L vs. XDNS.L - Sectors Allocation Comparison

Sectors	XXSC.L	XDNS.L
Industrials	26.6%	25.8%
Financial Services	15.3%	18.5%
Consumer Cyclical	11.4%	11.3%
Real Estate	8.3%	2.5%
Basic Materials	7.5%	3.2%
Technology	7.4%	19.8%
Healthcare	7.3%	7.0%
Energy	5.1%	-
Communication Services	5.0%	8.8%
Consumer Defensive	3.5%	2.6%
Utilities	2.5%	0.6%

Return for Risk

XXSC.L vs. XDNS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XXSC.L

XXSC.L Risk / Return Rank: 34
XXSC.L Sharpe Ratio Rank: 35
XXSC.L Sortino Ratio Rank: 35
XXSC.L Omega Ratio Rank: 36
XXSC.L Calmar Ratio Rank: 30
XXSC.L Martin Ratio Rank: 35

XDNS.L

XDNS.L Risk / Return Rank: 67
XDNS.L Sharpe Ratio Rank: 64
XDNS.L Sortino Ratio Rank: 63
XDNS.L Omega Ratio Rank: 65
XDNS.L Calmar Ratio Rank: 76
XDNS.L Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XXSC.L vs. XDNS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.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.

	XXSC.L	XDNS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.09	-0.84
Sortino ratio: Return per unit of downside risk	1.80	2.91	-1.11
Omega ratio: Gain probability vs. loss probability	1.23	1.39	-0.16
Calmar ratio: Return relative to maximum drawdown	1.44	3.81	-2.37
Martin ratio: Return relative to average drawdown	5.17	11.43	-6.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XXSC.L vs. XDNS.L - Sharpe Ratio Comparison

The current XXSC.L Sharpe Ratio is 1.25, which is lower than the XDNS.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of XXSC.L and XDNS.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XXSC.L	XDNS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	2.09	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.68	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.66	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.60	+0.16

Drawdowns

XXSC.L vs. XDNS.L - Drawdown Comparison

The maximum XXSC.L drawdown since its inception was -35.12%, which is greater than XDNS.L's maximum drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XXSC.L and XDNS.L.

Drawdown Indicators

	XXSC.L	XDNS.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.12%	-24.75%	-10.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-10.70%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-14.32%	+1.48%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-19.29%	-11.45%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-24.75%	-10.37%
Current Drawdown Current decline from peak	-1.31%	-0.57%	-0.74%
Average Drawdown Average peak-to-trough decline	-7.53%	-5.35%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	4.04%	-1.02%

Volatility

XXSC.L vs. XDNS.L - Volatility Comparison

Xtrackers MSCI Europe Small Cap UCITS ETF 1C (XXSC.L) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) have volatilities of 3.95% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XXSC.L	XDNS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.89%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	10.48%	14.64%	-4.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	19.56%	-7.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	17.83%	-1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.27%	17.31%	-1.04%

XXSC.L vs. XDNS.L - Expense Ratio Comparison

XXSC.L has a 0.30% expense ratio, which is higher than XDNS.L's 0.15% expense ratio.

Dividends

XXSC.L vs. XDNS.L - Dividend Comparison

XXSC.L has not paid dividends to shareholders, while XDNS.L's dividend yield for the trailing twelve months is around 1.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D	1.43%	1.63%	1.65%	1.81%	2.83%	1.46%	1.79%	1.77%	1.20%	1.97%	0.64%	0.00%
XXSC.L Xtrackers MSCI Europe Small Cap 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%	1.95%

Frequently Asked Questions

Can I hold both XXSC.L and XDNS.L in my portfolio?

XXSC.L and XDNS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XXSC.L or XDNS.L?

On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XXSC.L or XDNS.L?

XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.30% for XXSC.L.

What is the main difference between XXSC.L and XDNS.L?

XXSC.L is categorized as Europe Equities, while XDNS.L is Japan Equities. XXSC.L tracks MSCI Europe Small Cap NR EUR, while XDNS.L tracks TOPIX TR JPY. Their fees differ too: 0.30% for XXSC.L and 0.15% for XDNS.L.