XZMJ.DE vs. XDJE.DE

Last updated Jul 18, 2026

XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Xtrackers - XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders while XDJE.DE tracks the Nikkei 225 Index (EUR Hedged). Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.04%/yr vs 21.52%/yr for XDJE.DE. A 0.77 correlation means they provide meaningful diversification when combined. XZMJ.DE charges 0.20%/yr vs 0.19%/yr for XDJE.DE.

Performance

XZMJ.DE vs. XDJE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) and Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZMJ.DE achieves a 13.09% return, which is significantly lower than XDJE.DE's 29.05% 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*: —

XDJE.DE

• 1D: -2.96%
• 1M: -8.43%
• 6M: 21.32%
• YTD: 29.05%
• 1Y: 64.75%
• 3Y*: 29.87%
• 5Y*: 21.52%
• 10Y*: —

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

XZMJ.DE vs. XDJE.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%	-7.28%
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)	29.05%	30.93%	23.55%	35.26%	-9.02%	5.24%	16.17%	16.86%	-7.63%

Correlation

The correlation between XZMJ.DE and XDJE.DE is 0.83, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018	0.77

The correlation between XZMJ.DE and XDJE.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

Return for Risk

XZMJ.DE vs. XDJE.DE — Risk / Return Rank

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

XZMJ.DE

XZMJ.DE Risk / Return Rank: 54
XZMJ.DE Sharpe Ratio Rank: 51
XZMJ.DE Sortino Ratio Rank: 52
XZMJ.DE Omega Ratio Rank: 51
XZMJ.DE Calmar Ratio Rank: 61
XZMJ.DE Martin Ratio Rank: 57

XDJE.DE

XDJE.DE Risk / Return Rank: 90
XDJE.DE Sharpe Ratio Rank: 91
XDJE.DE Sortino Ratio Rank: 89
XDJE.DE Omega Ratio Rank: 86
XDJE.DE Calmar Ratio Rank: 94
XDJE.DE Martin Ratio Rank: 90

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.

XZMJ.DE vs. XDJE.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 Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.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	XDJE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.40	-1.07
Sortino ratio: Return per unit of downside risk	1.96	3.23	-1.27
Omega ratio: Gain probability vs. loss probability	1.25	1.40	-0.15
Calmar ratio: Return relative to maximum drawdown	2.29	5.05	-2.75
Martin ratio: Return relative to average drawdown	7.46	15.20	-7.73

XZMJ.DE vs. XDJE.DE - Sharpe Ratio Comparison

The current XZMJ.DE Sharpe Ratio is 1.34, which is lower than the XDJE.DE Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of XZMJ.DE and XDJE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XZMJ.DE vs. XDJE.DE - Drawdown Comparison

The maximum XZMJ.DE drawdown since its inception was -30.29%, smaller than the maximum XDJE.DE drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and XDJE.DE.

Drawdown Indicators

	XZMJ.DE	XDJE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.29%	-32.45%	+2.16%
Max Drawdown (1Y) Largest decline over 1 year	-12.62%	-12.77%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	-18.78%	-22.87%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-21.51%	-22.87%	+1.36%
Current Drawdown Current decline from peak	-6.88%	-11.44%	+4.56%
Average Drawdown Average peak-to-trough decline	-9.87%	-6.09%	-3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.89%	4.25%	-0.36%

Volatility

XZMJ.DE vs. XDJE.DE - Volatility Comparison

The current volatility for Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) is 6.75%, while Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a volatility of 9.85%. This indicates that XZMJ.DE experiences smaller price fluctuations and is considered to be less risky than XDJE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZMJ.DE	XDJE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	9.85%	-3.10%
Volatility (6M) Calculated over the trailing 6-month period	17.79%	21.43%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	21.75%	26.88%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	21.20%	-3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	22.07%	-2.08%

XZMJ.DE vs. XDJE.DE - Expense Ratio Comparison

XZMJ.DE has a 0.20% expense ratio, which is higher than XDJE.DE's 0.19% 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. XDJE.DE - Dividend Comparison

XZMJ.DE has not paid dividends to shareholders, while XDJE.DE's dividend yield for the trailing twelve months is around 0.85%.

Position	TTM	2025	2024	2023	2022	2021	2020
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)	0.85%	1.11%	1.21%	1.32%	2.27%	1.08%	1.00%
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XZMJ.DE and XDJE.DE in my portfolio?

XZMJ.DE and XDJE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZMJ.DE or XDJE.DE?

On fees, XDJE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZMJ.DE or XDJE.DE?

XDJE.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XZMJ.DE.

What is the main difference between XZMJ.DE and XDJE.DE?

XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while XDJE.DE tracks Nikkei 225 Index (EUR Hedged). Their fees differ too: 0.20% for XZMJ.DE and 0.19% for XDJE.DE.