IQQJ.DE vs. NS4E.DE
IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - IQQJ.DE tracks the MSCI Japan while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, IQQJ.DE returned 8.53%/yr vs 14.29%/yr for NS4E.DE. Their correlation of 0.84 suggests significant overlap in exposure. IQQJ.DE charges 0.12%/yr vs 0.19%/yr for NS4E.DE.
Performance
IQQJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQJ.DE achieves a 16.64% return, which is significantly lower than NS4E.DE's 20.29% return. Over the past 10 years, IQQJ.DE has underperformed NS4E.DE with an annualized return of 8.53%, while NS4E.DE has yielded a comparatively higher 14.29% annualized return.
IQQJ.DE
- 1D
- -1.02%
- 1M
- -0.84%
- 6M
- 10.19%
- YTD
- 16.64%
- 1Y
- 36.38%
- 3Y*
- 16.66%
- 5Y*
- 9.63%
- 10Y*
- 8.53%
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%
IQQJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.64% | 12.73% | 13.56% | 15.99% | -12.77% | 9.56% | 4.73% | 21.89% | -10.13% | 8.86% |
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 IQQJ.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 IQQJ.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
IQQJ.DE vs. NS4E.DE — Risk / Return Rank
IQQJ.DE
NS4E.DE
IQQJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IQQJ.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.
| IQQJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.91 | -1.35 |
| Martin ratioReturn relative to average drawdown | 11.50 | 16.90 | -5.40 |
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Drawdowns
IQQJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum IQQJ.DE drawdown since its inception was -52.48%, 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 IQQJ.DE and NS4E.DE.
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Drawdown Indicators
| IQQJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.48% | -35.32% | -17.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -9.59% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.72% | -20.96% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -20.96% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -28.05% | -35.32% | +7.27% |
Current DrawdownCurrent decline from peak | -4.86% | -2.02% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -8.00% | -8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.79% | +0.36% |
Volatility
IQQJ.DE vs. NS4E.DE - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a higher volatility of 6.59% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 5.89%. This indicates that IQQJ.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
| IQQJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 5.89% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 15.50% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 19.46% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.81% | 18.19% | -1.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 18.19% | -1.76% |
IQQJ.DE vs. NS4E.DE - Expense Ratio Comparison
IQQJ.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
IQQJ.DE vs. NS4E.DE - Dividend Comparison
IQQJ.DE's dividend yield for the trailing twelve months is around 1.59%, while NS4E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.59% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% |
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% |
Frequently Asked Questions
With a correlation of 0.93, IQQJ.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, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
IQQJ.DE tracks MSCI Japan, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for IQQJ.DE and 0.19% for NS4E.DE.
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