BATG.DE vs. SMLN.DE

Last updated Jun 5, 2026

BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) and SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) are both Japan Equities funds - BATG.DE tracks the Foxberry Sustainability Consensus Japan while SMLN.DE tracks the JPX-Nikkei 400. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. BATG.DE charges 0.16%/yr vs 0.19%/yr for SMLN.DE.

Performance

BATG.DE vs. SMLN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE) and Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BATG.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BATG.DE vs. SMLN.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BATG.DE L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF	0.00%	5.88%	12.80%	12.76%	1.17%
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF	15.87%	12.69%	12.93%	16.15%	2.57%

Correlation

The correlation between BATG.DE and SMLN.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022	0.72

The correlation between BATG.DE and SMLN.DE has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

BATG.DE vs. SMLN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMLN.DE

SMLN.DE Risk / Return Rank: 52
SMLN.DE Sharpe Ratio Rank: 45
SMLN.DE Sortino Ratio Rank: 49
SMLN.DE Omega Ratio Rank: 49
SMLN.DE Calmar Ratio Rank: 61
SMLN.DE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BATG.DE vs. SMLN.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BATG.DE	SMLN.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.51	—

Drawdowns

Drawdown Indicators

	BATG.DE	SMLN.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-28.42%	—
Current Drawdown Current decline from peak	—	-0.49%	—
Average Drawdown Average peak-to-trough decline	—	-6.03%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.84%	—

Volatility

Volatility by Period

	BATG.DE	SMLN.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.44%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	18.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.12%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	16.22%	—

BATG.DE vs. SMLN.DE - Expense Ratio Comparison

BATG.DE has a 0.16% expense ratio, which is lower than SMLN.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BATG.DE vs. SMLN.DE - Dividend Comparison

Neither BATG.DE nor SMLN.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BATG.DE and SMLN.DE in my portfolio?

BATG.DE and SMLN.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BATG.DE or SMLN.DE?

On fees, BATG.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BATG.DE or SMLN.DE?

BATG.DE is cheaper with a 0.16% expense ratio, compared with 0.19% for SMLN.DE.

What is the main difference between BATG.DE and SMLN.DE?

BATG.DE tracks Foxberry Sustainability Consensus Japan, while SMLN.DE tracks JPX-Nikkei 400. They also come from different issuers: LGIM Managers (Europe) Limited and Invesco. Their fees differ too: 0.16% for BATG.DE and 0.19% for SMLN.DE.