XZMJ.DE vs. XDEW.DE
XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - XZMJ.DE is a Japan Equities fund tracking the MSCI Japan Low Carbon SRI Leaders, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.04%/yr vs 9.52%/yr for XDEW.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
XZMJ.DE vs. XDEW.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 lower than XDEW.DE's 14.50% 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*
- —
XDEW.DE
- 1D
- -0.34%
- 1M
- 2.32%
- 6M
- 9.75%
- YTD
- 14.50%
- 1Y
- 19.87%
- 3Y*
- 12.62%
- 5Y*
- 9.52%
- 10Y*
- 11.04%
XZMJ.DE vs. XDEW.DE - 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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 14.50% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 31.27% | -2.01% |
Correlation
The correlation between XZMJ.DE and XDEW.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018 | 0.57 |
The correlation between XZMJ.DE and XDEW.DE shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XZMJ.DE vs. XDEW.DE — Risk / Return Rank
XZMJ.DE
XDEW.DE
XZMJ.DE vs. XDEW.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 Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.35 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 3.91 | -1.62 |
| Martin ratioReturn relative to average drawdown | 7.46 | 12.05 | -4.59 |
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Drawdowns
XZMJ.DE vs. XDEW.DE - Drawdown Comparison
The maximum XZMJ.DE drawdown since its inception was -30.29%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and XDEW.DE.
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Drawdown Indicators
| XZMJ.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.29% | -38.79% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -5.06% | -7.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -22.70% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -22.70% | +1.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -6.88% | -0.61% | -6.27% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -5.33% | -4.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 1.65% | +2.24% |
Volatility
XZMJ.DE vs. XDEW.DE - Volatility Comparison
Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) has a higher volatility of 6.75% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.81%. This indicates that XZMJ.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 2.81% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 17.79% | 6.82% | +10.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 10.43% | +11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 14.90% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 16.80% | +3.19% |
XZMJ.DE vs. XDEW.DE - Expense Ratio Comparison
Both XZMJ.DE and XDEW.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. XDEW.DE - Dividend Comparison
Neither XZMJ.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
XZMJ.DE and XDEW.DE have a correlation of 0.44, 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 XDEW.DE have the same expense ratio: 0.20% per year.
XZMJ.DE is categorized as Japan Equities, while XDEW.DE is S&P 500. XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while XDEW.DE tracks S&P 500 Equal Weight Index.
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