KOKU
Xtrackers MSCI Kokusai Equity ETF
KOKU tracks a market-cap-weighted index of large- and midcap developed market stocks outside of Japan.
International
EQUITY
Passive
MANAGEMENT STYLE
661.3 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 08, 2020 |
| Assets (mns) | $661 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 5.4 % |
| MICROSOFT CORP | 4.2 % |
| NVIDIA CORP | 4.2 % |
| AMAZON.COM INC | 2.8 % |
| META PLATFORMS INC | 2.1 % |
| ALPHABET INC. CLASS A | 1.5 % |
| ALPHABET INC. CLASS C | 1.3 % |
| BROADCOM INC. | 1.3 % |
| TESLA MOTORS INC | 1.1 % |
| ELI LILLY & CO | 1.1 % |
Constituent Breakdown
| Number of holdings | 1192 |
| Herfindahl-Hirschman Index | 101 |
| Wgt avg mkt cap (mns) | $848,716 |
| Large cap (>$10bn) | 97.2% |
| Mid cap ($2-10bn) | 1.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 73.1 % |
 |
BRITAIN | 4.2 % |
 |
CANADA | 3.2 % |
 |
SWITZERLAND | 3.0 % |
 |
FRANCE | 2.8 % |
 |
GERMANY | 2.6 % |
 |
AUSTRALIA | 1.7 % |
 |
IRELAND | 1.6 % |
 |
NETHERLANDS | 1.4 % |
 |
SWEDEN | 0.9 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.4% | 14.6% | 15.8% | 14.2% | 12.5% | -- | -- | 15.6% |
| Dividend Yield | 0.9% | 1.9% | 2.0% | 2.0% | 2.0% | -- | -- | 2.0% |
| Total Returns | 11.3% | 16.5% | 17.8% | 16.3% | 14.5% | -- | -- | 17.6% | Ann. Volatility | 21.9% | 18.8% | 15.5% | 16.4% | 16.8% | -- | -- | 17.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 96% |
| MSCI EAFE | 0.72 | 61% |
| MSCI Emg Mkts | 0.54 | 37% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| Recent close | $113.43 |
| 30d moving avg. | $111.68 |
| Annualized volatility | 14.9% |
| Relative strength (RSI) | 63 |
| Short interest | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| TOK | iShares MSCI Kokusai ETF | 88.8% | +17 bp | +5.0% |
| URTH | iShares MSCI World ETF | 86.2% | +15 bp | +5.1% |
| ACWI | iShares MSCI ACWI ETF | 79.6% | +23 bp | +5.5% |
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 75.7% | +2 bp | +4.9% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 74.8% | -7 bp | +4.9% |
| VOTE | TCW Transform 500 ETF | 74.3% | -4 bp | +4.9% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 74.2% | -9 bp | +4.9% |
| PBUS | Invesco MSCI USA ETF | 74.1% | -5 bp | +4.9% |
| IYY | iShares Dow Jones U.S. ETF | 73.8% | +11 bp | +4.8% |
| IWB | iShares Russell 1000 ETF | 73.8% | +6 bp | +4.8% |
Risk and Returns: KOKU vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/27/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
KOKU
5.1%
Cat. Avg
7.0%
ALTAR Score™ Calculation
Category Overview
There are 264 funds in the International Equity category, with an average ALTAR Score™
of 7.0% and a standard deviation of
1.8%. KOKU's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places KOKU in the 15th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
KOKUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| (9 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| KOKU | 9.0 | 0.0 | 9 |
| Peer Avg. | 44.4 | 20.5 | 64.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .