36B4.DE vs. SMLN.DE
36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) and SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) are both Japan Equities funds - 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels while SMLN.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, 36B4.DE returned 4.17%/yr vs 9.82%/yr for SMLN.DE. Their correlation of 0.95 suggests significant overlap in exposure. 36B4.DE charges 0.20%/yr vs 0.19%/yr for SMLN.DE.
Performance
36B4.DE vs. SMLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B4.DE achieves a 3.58% return, which is significantly lower than SMLN.DE's 15.87% return.
36B4.DE
- 1D
- -0.33%
- 1M
- 4.36%
- YTD
- 3.58%
- 6M
- 3.67%
- 1Y
- 10.86%
- 3Y*
- 5.94%
- 5Y*
- 4.17%
- 10Y*
- —
SMLN.DE
- 1D
- -0.49%
- 1M
- 2.39%
- YTD
- 15.87%
- 6M
- 15.98%
- 1Y
- 29.39%
- 3Y*
- 14.96%
- 5Y*
- 9.82%
- 10Y*
- 8.93%
36B4.DE vs. SMLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 3.58% | 6.51% | 9.11% | 9.64% | -13.87% | 9.91% | 6.29% | 17.07% |
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 15.87% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 12.31% |
Correlation
The correlation between 36B4.DE and SMLN.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.95 |
The correlation between 36B4.DE and SMLN.DE has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
36B4.DE vs. SMLN.DE — Risk / Return Rank
36B4.DE
SMLN.DE
36B4.DE vs. SMLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) and Invesco JPX-Nikkei 400 UCITS ETF (SMLN.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.
| 36B4.DE | SMLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.99 | -2.08 |
| Martin ratioReturn relative to average drawdown | 2.55 | 9.93 | -7.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 36B4.DE | SMLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 1.56 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.60 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.51 | -0.15 |
Drawdowns
36B4.DE vs. SMLN.DE - Drawdown Comparison
The maximum 36B4.DE drawdown since its inception was -26.99%, smaller than the maximum SMLN.DE drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for 36B4.DE and SMLN.DE.
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Drawdown Indicators
| 36B4.DE | SMLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.99% | -28.42% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -9.43% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.74% | -15.55% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -21.45% | -19.85% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.42% | — |
Current DrawdownCurrent decline from peak | -1.83% | -0.49% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -6.03% | -1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.84% | +1.04% |
Volatility
36B4.DE vs. SMLN.DE - Volatility Comparison
iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) has a higher volatility of 3.69% compared to Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) at 3.44%. This indicates that 36B4.DE's price experiences larger fluctuations and is considered to be riskier than SMLN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B4.DE | SMLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 3.44% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 14.75% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.16% | 18.07% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.26% | 16.12% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.24% | 16.22% | +1.02% |
36B4.DE vs. SMLN.DE - Expense Ratio Comparison
36B4.DE has a 0.20% expense ratio, which is higher than SMLN.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
36B4.DE vs. SMLN.DE - Dividend Comparison
36B4.DE's dividend yield for the trailing twelve months is around 1.41%, while SMLN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.41% | 1.46% | 1.38% | 1.81% | 2.44% | 1.54% | 1.61% | 0.81% |
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
36B4.DE and SMLN.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLN.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLN.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for 36B4.DE.
36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels, while SMLN.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for 36B4.DE and 0.19% for SMLN.DE.
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