DBXJ.DE vs. NS4E.DE
DBXJ.DE (Xtrackers MSCI Japan UCITS ETF 1C) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - DBXJ.DE tracks the MSCI Japan while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, DBXJ.DE returned 8.95%/yr vs 14.29%/yr for NS4E.DE. Their correlation of 0.84 suggests significant overlap in exposure. DBXJ.DE charges 0.12%/yr vs 0.19%/yr for NS4E.DE.
Performance
DBXJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBXJ.DE achieves a 18.87% return, which is significantly lower than NS4E.DE's 20.29% return. Over the past 10 years, DBXJ.DE has underperformed NS4E.DE with an annualized return of 8.95%, while NS4E.DE has yielded a comparatively higher 14.29% annualized return.
DBXJ.DE
- 1D
- -1.16%
- 1M
- 0.69%
- 6M
- 12.46%
- YTD
- 18.87%
- 1Y
- 38.28%
- 3Y*
- 17.32%
- 5Y*
- 10.26%
- 10Y*
- 8.95%
NS4E.DE
- 1D
- -1.03%
- 1M
- 1.65%
- 6M
- 13.30%
- YTD
- 20.29%
- 1Y
- 47.35%
- 3Y*
- 26.88%
- 5Y*
- 20.14%
- 10Y*
- 14.29%
DBXJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBXJ.DE Xtrackers MSCI Japan UCITS ETF 1C | 18.87% | 12.58% | 13.75% | 16.43% | -12.41% | 9.99% | 5.08% | 21.75% | -9.54% | 9.08% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.29% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
Correlation
The correlation between DBXJ.DE and NS4E.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.84 |
The correlation between DBXJ.DE and NS4E.DE shifts across timeframes, from 0.82 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBXJ.DE vs. NS4E.DE — Risk / Return Rank
DBXJ.DE
NS4E.DE
DBXJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.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.
| DBXJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.44 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 4.91 | -1.18 |
| Martin ratioReturn relative to average drawdown | 12.09 | 16.90 | -4.80 |
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Drawdowns
DBXJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum DBXJ.DE drawdown since its inception was -51.22%, 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 DBXJ.DE and NS4E.DE.
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Drawdown Indicators
| DBXJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.22% | -35.32% | -15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -9.59% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.95% | -20.96% | +4.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.01% | -20.96% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -28.04% | -35.32% | +7.28% |
Current DrawdownCurrent decline from peak | -3.89% | -2.02% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -8.00% | -6.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.79% | +0.37% |
Volatility
DBXJ.DE vs. NS4E.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 1C (DBXJ.DE) has a higher volatility of 6.53% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 5.89%. This indicates that DBXJ.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
| DBXJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.53% | 5.89% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | 15.50% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.74% | 19.46% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.80% | 18.19% | -1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 18.19% | -1.77% |
DBXJ.DE vs. NS4E.DE - Expense Ratio Comparison
DBXJ.DE has a 0.12% expense ratio, which is lower than NS4E.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
DBXJ.DE vs. NS4E.DE - Dividend Comparison
Neither DBXJ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, DBXJ.DE and NS4E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, DBXJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
DBXJ.DE tracks MSCI Japan, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for DBXJ.DE and 0.19% for NS4E.DE.
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