3JPN.DE vs. NS4E.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds. 3JPN.DE is actively managed, while NS4E.DE is passively managed. Over the past 3 years, 3JPN.DE returned 18.95%/yr vs 25.18%/yr for NS4E.DE. Their correlation of 0.80 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.19%/yr for NS4E.DE.
Performance
3JPN.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 30.11% return, which is significantly higher than NS4E.DE's 17.06% return.
3JPN.DE
- 1D
- 0.00%
- 1M
- -10.71%
- 6M
- 10.77%
- YTD
- 30.11%
- 1Y
- 74.74%
- 3Y*
- 18.95%
- 5Y*
- —
- 10Y*
- —
NS4E.DE
- 1D
- -2.16%
- 1M
- -2.98%
- 6M
- 9.96%
- YTD
- 17.06%
- 1Y
- 42.35%
- 3Y*
- 25.18%
- 5Y*
- 19.49%
- 10Y*
- 13.98%
3JPN.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 30.11% | 27.74% | 0.10% | 34.83% | -6.43% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 33.35% | -4.06% |
Correlation
The correlation between 3JPN.DE and NS4E.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.80 |
The correlation between 3JPN.DE and NS4E.DE has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. NS4E.DE — Risk / Return Rank
3JPN.DE
NS4E.DE
3JPN.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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.
| 3JPN.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.40 | -2.23 |
| Martin ratioReturn relative to average drawdown | 6.03 | 15.01 | -8.97 |
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Drawdowns
3JPN.DE vs. NS4E.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than NS4E.DE's maximum drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and NS4E.DE.
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Drawdown Indicators
| 3JPN.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -35.32% | -16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -9.59% | -25.12% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -20.96% | -30.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -15.34% | -4.65% | -10.69% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -8.00% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 2.81% | +9.62% |
Volatility
3JPN.DE vs. NS4E.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 19.42% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 6.07%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than NS4E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3JPN.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 6.07% | +13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 52.31% | 15.68% | +36.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.51% | 19.57% | +43.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.27% | 18.21% | +35.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.27% | 18.20% | +35.07% |
3JPN.DE vs. NS4E.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than NS4E.DE's 0.19% expense ratio.
Dividends
3JPN.DE vs. NS4E.DE - Dividend Comparison
Neither 3JPN.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
3JPN.DE and NS4E.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NS4E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NS4E.DE is cheaper with a 0.19% expense ratio, compared with 0.75% for 3JPN.DE.
They also come from different issuers: Leverage Shares and Invesco. Their fees differ too: 0.75% for 3JPN.DE and 0.19% for NS4E.DE.
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