J1GR.DE vs. NS4E.DE

Last updated Jul 22, 2026

J1GR.DE (Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - J1GR.DE tracks the MSCI Japan ESG Broad CTB Select while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 5 years, J1GR.DE returned 9.19%/yr vs 20.19%/yr for NS4E.DE. Their correlation of 0.83 suggests significant overlap in exposure. J1GR.DE charges 0.45%/yr vs 0.19%/yr for NS4E.DE.

Performance

J1GR.DE vs. NS4E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, J1GR.DE achieves a 19.04% return, which is significantly lower than NS4E.DE's 20.32% return.

J1GR.DE

• 1D: 1.90%
• 1M: -2.72%
• 6M: 15.59%
• YTD: 19.04%
• 1Y: 36.57%
• 3Y*: 15.88%
• 5Y*: 9.19%
• 10Y*: —
• ALL TIME*: 7.83%

NS4E.DE

• 1D: 2.03%
• 1M: -1.01%
• 6M: 14.79%
• YTD: 20.32%
• 1Y: 46.50%
• 3Y*: 26.02%
• 5Y*: 20.19%
• 10Y*: 14.25%
• ALL TIME*: 11.21%

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

J1GR.DE vs. NS4E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
J1GR.DE Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR	19.04%	11.73%	11.30%	14.89%	-12.68%	9.69%	4.87%	22.18%	-10.16%	3.15%
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)	20.32%	27.33%	22.81%	33.35%	-4.26%	10.90%	7.50%	17.31%	-17.52%	5.91%

Correlation

The correlation between J1GR.DE and NS4E.DE is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Oct 17, 2017	0.83

The correlation between J1GR.DE and NS4E.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.

Return for Risk

J1GR.DE vs. NS4E.DE — Risk / Return Rank

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

J1GR.DE

J1GR.DE Risk / Return Rank: 75
J1GR.DE Sharpe Ratio Rank: 72
J1GR.DE Sortino Ratio Rank: 74
J1GR.DE Omega Ratio Rank: 72
J1GR.DE Calmar Ratio Rank: 80
J1GR.DE Martin Ratio Rank: 76

NS4E.DE

NS4E.DE Risk / Return Rank: 91
NS4E.DE Sharpe Ratio Rank: 90
NS4E.DE Sortino Ratio Rank: 89
NS4E.DE Omega Ratio Rank: 89
NS4E.DE Calmar Ratio Rank: 93
NS4E.DE Martin Ratio Rank: 91

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.

J1GR.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.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.

	J1GR.DE	NS4E.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.36	-0.60
Sortino ratio: Return per unit of downside risk	2.55	3.26	-0.70
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.18	4.83	-1.65
Martin ratio: Return relative to average drawdown	10.52	16.40	-5.88

J1GR.DE vs. NS4E.DE - Sharpe Ratio Comparison

The current J1GR.DE Sharpe Ratio is 1.77, which is comparable to the NS4E.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of J1GR.DE and NS4E.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

J1GR.DE vs. NS4E.DE - Drawdown Comparison

The maximum J1GR.DE drawdown since its inception was -27.81%, smaller than the maximum NS4E.DE drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for J1GR.DE and NS4E.DE.

Drawdown Indicators

	J1GR.DE	NS4E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.81%	-35.32%	+7.51%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-9.59%	-1.86%
Max Drawdown (3Y) Largest decline over 3 years	-17.22%	-20.96%	+3.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.28%	-20.96%	+1.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.32%	—
Current Drawdown Current decline from peak	-4.13%	-1.99%	-2.14%
Average Drawdown Average peak-to-trough decline	-6.15%	-8.00%	+1.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.83%	+0.64%

Volatility

J1GR.DE vs. NS4E.DE - Volatility Comparison

Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.DE) has a higher volatility of 7.37% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 6.41%. This indicates that J1GR.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.

Volatility by Period

	J1GR.DE	NS4E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.37%	6.41%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	16.94%	15.72%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	20.61%	19.59%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.11%	18.19%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	18.21%	-1.05%

J1GR.DE vs. NS4E.DE - Expense Ratio Comparison

J1GR.DE has a 0.45% expense ratio, which is higher than NS4E.DE's 0.19% expense ratio.

Dividends

J1GR.DE vs. NS4E.DE - Dividend Comparison

Neither J1GR.DE nor NS4E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both J1GR.DE and NS4E.DE in my portfolio?

J1GR.DE and NS4E.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, J1GR.DE or NS4E.DE?

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.

Which ETF is cheaper, J1GR.DE or NS4E.DE?

NS4E.DE is cheaper with a 0.19% expense ratio, compared with 0.45% for J1GR.DE.

What is the main difference between J1GR.DE and NS4E.DE?

J1GR.DE tracks MSCI Japan ESG Broad CTB Select, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.45% for J1GR.DE and 0.19% for NS4E.DE.