XZMJ.DE vs. 36B4.DE
XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds - XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.04%/yr vs 4.83%/yr for 36B4.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
XZMJ.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZMJ.DE achieves a 13.09% return, which is significantly higher than 36B4.DE's 8.61% return.
XZMJ.DE
- 1D
- -2.48%
- 1M
- -3.92%
- 6M
- 7.93%
- YTD
- 13.09%
- 1Y
- 29.07%
- 3Y*
- 15.04%
- 5Y*
- 8.04%
- 10Y*
- —
36B4.DE
- 1D
- -0.79%
- 1M
- 2.83%
- 6M
- 4.52%
- YTD
- 8.61%
- 1Y
- 19.17%
- 3Y*
- 9.22%
- 5Y*
- 4.83%
- 10Y*
- —
XZMJ.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 13.09% | 10.86% | 16.16% | 14.57% | -16.10% | 7.03% | 9.17% | 16.10% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 8.61% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 16.82% |
Correlation
The correlation between XZMJ.DE and 36B4.DE is 0.84, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2019 | 0.94 |
The correlation between XZMJ.DE and 36B4.DE has been stable across timeframes, ranging from 0.84 to 0.94 - a consistent structural relationship.
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Return for Risk
XZMJ.DE vs. 36B4.DE — Risk / Return Rank
XZMJ.DE
36B4.DE
XZMJ.DE vs. 36B4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) and iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XZMJ.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 1.76 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.46 | 5.09 | +2.37 |
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Drawdowns
XZMJ.DE vs. 36B4.DE - Drawdown Comparison
The maximum XZMJ.DE drawdown since its inception was -30.29%, which is greater than 36B4.DE's maximum drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and 36B4.DE.
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Drawdown Indicators
| XZMJ.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.29% | -26.98% | -3.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -10.82% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -15.67% | -3.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -21.57% | +0.06% |
Current DrawdownCurrent decline from peak | -6.88% | -2.03% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -7.09% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 3.75% | +0.14% |
Volatility
XZMJ.DE vs. 36B4.DE - Volatility Comparison
Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) has a higher volatility of 6.75% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 4.74%. This indicates that XZMJ.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XZMJ.DE | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 4.74% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 17.79% | 14.24% | +3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 18.44% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 16.33% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 17.25% | +2.74% |
XZMJ.DE vs. 36B4.DE - Expense Ratio Comparison
Both XZMJ.DE and 36B4.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XZMJ.DE vs. 36B4.DE - Dividend Comparison
XZMJ.DE has not paid dividends to shareholders, while 36B4.DE's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.48% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XZMJ.DE and 36B4.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XZMJ.DE and 36B4.DE have the same expense ratio: 0.20% per year.
XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Xtrackers and iShares.
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