EXX7.DE vs. NS4E.DE
EXX7.DE (iShares Nikkei 225 UCITS ETF (DE)) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - EXX7.DE tracks the Nikkei 225® while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, EXX7.DE returned 11.08%/yr vs 14.29%/yr for NS4E.DE. Their correlation of 0.81 suggests significant overlap in exposure. EXX7.DE charges 0.51%/yr vs 0.19%/yr for NS4E.DE.
Performance
EXX7.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXX7.DE achieves a 32.78% return, which is significantly higher than NS4E.DE's 20.29% return. Over the past 10 years, EXX7.DE has underperformed NS4E.DE with an annualized return of 11.08%, while NS4E.DE has yielded a comparatively higher 14.29% annualized return.
EXX7.DE
- 1D
- -1.13%
- 1M
- -2.21%
- 6M
- 25.01%
- YTD
- 32.78%
- 1Y
- 60.24%
- 3Y*
- 21.78%
- 5Y*
- 12.39%
- 10Y*
- 11.08%
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%
EXX7.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXX7.DE iShares Nikkei 225 UCITS ETF (DE) | 32.78% | 15.66% | 13.98% | 17.44% | -15.74% | 2.85% | 13.66% | 24.14% | -6.00% | 10.13% |
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 EXX7.DE and NS4E.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.81 |
The correlation between EXX7.DE and NS4E.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
EXX7.DE vs. NS4E.DE — Risk / Return Rank
EXX7.DE
NS4E.DE
EXX7.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (DE) (EXX7.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.
| EXX7.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 4.91 | -0.29 |
| Martin ratioReturn relative to average drawdown | 13.36 | 16.90 | -3.54 |
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Drawdowns
EXX7.DE vs. NS4E.DE - Drawdown Comparison
The maximum EXX7.DE drawdown since its inception was -50.57%, 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 EXX7.DE and NS4E.DE.
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Drawdown Indicators
| EXX7.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.57% | -35.32% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.97% | -9.59% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -20.96% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -20.96% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -29.85% | -35.32% | +5.47% |
Current DrawdownCurrent decline from peak | -7.76% | -2.02% | -5.74% |
Average DrawdownAverage peak-to-trough decline | -12.14% | -8.00% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.79% | +1.71% |
Volatility
EXX7.DE vs. NS4E.DE - Volatility Comparison
iShares Nikkei 225 UCITS ETF (DE) (EXX7.DE) has a higher volatility of 9.36% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 5.89%. This indicates that EXX7.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
| EXX7.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.36% | 5.89% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 20.56% | 15.50% | +5.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.33% | 19.46% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.08% | 18.19% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 18.19% | -0.25% |
EXX7.DE vs. NS4E.DE - Expense Ratio Comparison
EXX7.DE has a 0.51% expense ratio, which is higher than NS4E.DE's 0.19% expense ratio.
Dividends
EXX7.DE vs. NS4E.DE - Dividend Comparison
EXX7.DE's dividend yield for the trailing twelve months is around 0.75%, while NS4E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXX7.DE iShares Nikkei 225 UCITS ETF (DE) | 0.75% | 0.92% | 0.94% | 1.17% | 1.31% | 0.81% | 1.00% | 1.21% | 0.00% | 1.19% | 1.35% | 1.29% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXX7.DE and NS4E.DE have a correlation of 0.81, 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 0.51% for EXX7.DE.
EXX7.DE tracks Nikkei 225®, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.51% for EXX7.DE and 0.19% for NS4E.DE.
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