Xtrackers MSCI Kokusai Equity ETF (KOKU) Performance
KOKU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.8% since Dec 31, 2025
- 1 year
- +13.3% total return
- 5 years
- +11.1% a year
- Since first price
- +17.4% a year since 2020
KOKU trailing returns vs SPY, QQQ, AGG
| Period | KOKU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.1% | −1.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.3% | +2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.5% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +10.8% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.3% | +11.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +83.5%+22.4%/yr | +75.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +69.3%+11.1%/yr | +55.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionApr 8, 2020 | +185.4%+17.4%/yr | +156.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KOKU vs SPY
From Apr 8, 2020: KOKU grew to $28,536, SPY to $30,323.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KOKU returns by calendar year
4 of 5 full years positive. Best 2023 (+24.2%), worst 2022 (−17.8%). 2026 is year to date.
KOKU annual returns table
| Year | KOKU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.8% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +21.5% | −17.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +19.4% | −7.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +24.2% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.8% | −25.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.8% | −5.5% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KOKU largest drawdowns
Now 2.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2022 | −25.8% | Oct 12, 2022 | Dec 14, 2023 | 9 months | 1.9 years |
| Feb 14, 2025 | −17.7% | Apr 8, 2025 | Jun 3, 2025 | 53 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KOKU risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +21.7% | +12.4% | +16.6% |
| Volatility (annualized) | 11.8% | 15.3% | 15.2% |
| Sharpe ratio | 1.38 | 0.61 | 0.91 |
| Sortino ratio | 2.75 | 0.96 | 1.53 |
| Best month | +9.4% | +9.4% | +12.9% |
| Worst month | −5.5% | −9.4% | −9.4% |
| Best 12 months | +34.9% | +34.9% | +45.3% |
| Worst 12 months | +8.2% | −18.6% | −18.6% |
| Positive months | 75% | 65% | 68% |
| Beta vs S&P 500 | 0.92 | 0.96 | — |
| Correlation with S&P 500 | 0.98 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KOKU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 67 | −18.6% | +18.7% | +45.3% | 82% |
| 3-year (a year) | 43 | +6.2% | +11.8% | +24.2% | 100% |
| 5-year (a year) | 19 | +10.9% | +13.0% | +16.4% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
KOKU performance overview
Xtrackers MSCI Kokusai Equity ETF (KOKU) returned +13.3% over the past year and +11.1% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +17.4% a year, turning $10,000 into about $28,536. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −25.8%, from Jan 3, 2022 to Oct 12, 2022, and it took 1.2 years to get back to the old high. KOKU finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+24.2%) and the worst 2022 (−17.8%). Volatility has been 15.2% a year.
Related: KOKU chart, KOKU holdings, KOKU dividends, KOKU valuation. See the KOKU overview for the latest quote and fund facts.
KOKU performance FAQ
What is the KOKU return over the past year?
KOKU returned +13.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.7%.
What is the average annual return of KOKU?
KOKU has returned +11.1% a year over 5 years, +17.4% a year since April 8, 2020 (total return, distributions reinvested).
How much would $10,000 invested in KOKU be worth?
$10,000 invested in KOKU at its first recorded close on April 8, 2020 would be worth about $28,536 on October 23, 2026 with distributions reinvested.
What was the worst year for KOKU?
The worst calendar year was 2022, with a total return of −17.8%. The best was 2023 at +24.2%.
What is the biggest drawdown of KOKU?
The largest peak-to-trough decline was −25.8% between January 3, 2022 and October 12, 2022. It recovered to the old high on December 14, 2023, 1.2 years after the bottom.
How volatile is KOKU?
Over the past 3 years KOKU had an annualized volatility of 11.8% and a Sharpe ratio of 1.38 (excess return over 1–3 month T-bills per unit of risk).