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Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) Sharpe Ratio: 1.56

ETF · Currency in EUR · Last updated Jun 5, 2026

SMLN.DE is a passive ETF by Invesco tracking the investment results of the JPX-Nikkei 400. SMLN.DE launched on Sep 10, 2014 and has a 0.19% expense ratio.

SMLN.DE's Sharpe Ratio of 1.56 indicates that for each unit of volatility, it generates 1.56 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 5, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

SMLN.DE Sharpe Ratio Rank

SMLN.DE Sharpe Ratio Rank: 45.445
Average

SMLN.DE ranks above 45.4% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

SMLN.DE Sharpe Ratio Market Positioning

The chart shows SMLN.DE's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.87 or lower
  • Yellow zone (middle 50%): 0.87 to 2.40
  • Green zone (top 25%): 2.40 or higher
  • Top 1%: 7.61+
  • Median: 1.70 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco JPX-Nikkei 400 UCITS ETF's Sharpe Ratio with other ETFs in the Japan Equities category across multiple time periods, showing how SMLN.DE's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 5, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
WTDX.DEWisdomTree Japan Equity UCITS ETF USD Hedged2.79
XMK9.DEXtrackers MSCI Japan UCITS ETF 4C EUR Hedged2.64
XDJP.DEXtrackers Nikkei 225 UCITS ETF 1D2.53
SXRZ.DEiShares Nikkei 225 UCITS ETF (Acc)2.53
XNKY.DEXtrackers Nikkei 225 UCITS ETF2.53
EXX7.DEiShares Nikkei 225 UCITS ETF (DE)2.50
WTIZ.DEWisdomTree Japan Equity UCITS ETF JPY Acc1.79
IUS4.DEiShares MSCI Japan Small Cap UCITS ETF (Dist)1.69
VJPA.DEVanguard FTSE Japan UCITS ETF Accumulating1.68
EUNN.DEiShares Core MSCI Japan IMI UCITS ETF1.67
SMLN.DEInvesco JPX-Nikkei 400 UCITS ETF1.56

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How to choose period

Historical Sharpe Ratio

The chart shows SMLN.DE's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SMLN.DE consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

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