LCUJ.DE vs. NS4E.DE
LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - LCUJ.DE tracks the MSCI Japan while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 5 years, LCUJ.DE returned 10.05%/yr vs 20.14%/yr for NS4E.DE. Their correlation of 0.83 suggests significant overlap in exposure. LCUJ.DE charges 0.12%/yr vs 0.19%/yr for NS4E.DE.
Performance
LCUJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCUJ.DE achieves a 17.59% return, which is significantly lower than NS4E.DE's 20.29% return.
LCUJ.DE
- 1D
- -1.06%
- 1M
- -0.75%
- 6M
- 9.54%
- YTD
- 17.59%
- 1Y
- 37.93%
- 3Y*
- 16.99%
- 5Y*
- 10.05%
- 10Y*
- —
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%
LCUJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 17.59% | 12.72% | 13.58% | 16.52% | -12.47% | 10.03% | 5.07% | 22.41% | -99.31% |
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% | -15.49% |
Correlation
The correlation between LCUJ.DE and NS4E.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.83 |
The correlation between LCUJ.DE and NS4E.DE shifts across timeframes, from 0.82 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LCUJ.DE vs. NS4E.DE — Risk / Return Rank
LCUJ.DE
NS4E.DE
LCUJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan UCITS ETF Acc (LCUJ.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.
| LCUJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.75 | 4.91 | -1.16 |
| Martin ratioReturn relative to average drawdown | 11.84 | 16.90 | -5.06 |
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Drawdowns
LCUJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum LCUJ.DE drawdown since its inception was -99.38%, 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 LCUJ.DE and NS4E.DE.
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Drawdown Indicators
| LCUJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.38% | -35.32% | -64.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -9.59% | -0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -20.96% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | -20.96% | +1.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -98.51% | -2.02% | -96.49% |
Average DrawdownAverage peak-to-trough decline | -98.36% | -8.00% | -90.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.79% | +0.40% |
Volatility
LCUJ.DE vs. NS4E.DE - Volatility Comparison
Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a higher volatility of 6.63% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 5.89%. This indicates that LCUJ.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
| LCUJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.63% | 5.89% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 16.17% | 15.50% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.89% | 19.46% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.88% | 18.19% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.26% | 18.19% | +20.07% |
LCUJ.DE vs. NS4E.DE - Expense Ratio Comparison
LCUJ.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
LCUJ.DE vs. NS4E.DE - Dividend Comparison
Neither LCUJ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, LCUJ.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, LCUJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
LCUJ.DE tracks MSCI Japan, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.12% for LCUJ.DE and 0.19% for NS4E.DE.
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