XZMJ.DE vs. CSSPX.MI
XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - XZMJ.DE is a Japan Equities fund tracking the MSCI Japan Low Carbon SRI Leaders, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.04%/yr vs 13.46%/yr for CSSPX.MI. A 0.59 correlation means they provide meaningful diversification when combined. XZMJ.DE charges 0.20%/yr vs 0.07%/yr for CSSPX.MI.
Performance
XZMJ.DE vs. CSSPX.MI - 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 CSSPX.MI's 11.76% 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*
- —
CSSPX.MI
- 1D
- -1.24%
- 1M
- 0.77%
- 6M
- 9.49%
- YTD
- 11.76%
- 1Y
- 21.56%
- 3Y*
- 18.65%
- 5Y*
- 13.46%
- 10Y*
- 14.33%
XZMJ.DE vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 13.09% | 10.86% | 16.16% | 14.57% | -16.10% | 7.03% | 9.17% | 26.79% | -26.96% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 11.76% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 34.27% | 0.32% |
Correlation
The correlation between XZMJ.DE and CSSPX.MI is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018 | 0.59 |
The correlation between XZMJ.DE and CSSPX.MI has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
XZMJ.DE vs. CSSPX.MI — Risk / Return Rank
XZMJ.DE
CSSPX.MI
XZMJ.DE vs. CSSPX.MI - 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 Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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 | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.02 | -0.72 |
| Martin ratioReturn relative to average drawdown | 7.46 | 10.61 | -3.15 |
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Drawdowns
XZMJ.DE vs. CSSPX.MI - Drawdown Comparison
The maximum XZMJ.DE drawdown since its inception was -30.29%, smaller than the maximum CSSPX.MI drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and CSSPX.MI.
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Drawdown Indicators
| XZMJ.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.29% | -33.56% | +3.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -7.14% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -23.26% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -23.26% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -6.88% | -1.38% | -5.50% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -4.11% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.03% | +1.86% |
Volatility
XZMJ.DE vs. CSSPX.MI - Volatility Comparison
Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) has a higher volatility of 6.75% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) at 3.07%. This indicates that XZMJ.DE's price experiences larger fluctuations and is considered to be riskier than CSSPX.MI 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 | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 3.07% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.79% | 7.89% | +9.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 11.75% | +10.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 15.30% | +2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 16.12% | +3.87% |
XZMJ.DE vs. CSSPX.MI - Expense Ratio Comparison
XZMJ.DE has a 0.20% expense ratio, which is higher than CSSPX.MI'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
XZMJ.DE vs. CSSPX.MI - Dividend Comparison
Neither XZMJ.DE nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
XZMJ.DE and CSSPX.MI have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for XZMJ.DE.
XZMJ.DE is categorized as Japan Equities, while CSSPX.MI is S&P 500. XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while CSSPX.MI tracks S&P 500 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XZMJ.DE and 0.07% for CSSPX.MI.
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