LYY4.DE vs. NS4E.DE
LYY4.DE (Amundi Japan TOPIX II UCITS ETF EUR Dist) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - LYY4.DE tracks the TOPIX® while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, LYY4.DE returned 8.15%/yr vs 13.98%/yr for NS4E.DE. Their correlation of 0.84 suggests significant overlap in exposure. LYY4.DE charges 0.45%/yr vs 0.19%/yr for NS4E.DE.
Performance
LYY4.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LYY4.DE achieves a 14.34% return, which is significantly lower than NS4E.DE's 17.06% return. Over the past 10 years, LYY4.DE has underperformed NS4E.DE with an annualized return of 8.15%, while NS4E.DE has yielded a comparatively higher 13.98% annualized return.
LYY4.DE
- 1D
- -2.17%
- 1M
- -2.80%
- 6M
- 7.39%
- YTD
- 14.34%
- 1Y
- 30.28%
- 3Y*
- 15.14%
- 5Y*
- 9.13%
- 10Y*
- 8.15%
NS4E.DE
- 1D
- -2.16%
- 1M
- -2.98%
- 6M
- 9.96%
- YTD
- 17.06%
- 1Y
- 42.35%
- 3Y*
- 25.18%
- 5Y*
- 19.49%
- 10Y*
- 13.98%
LYY4.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 14.34% | 13.10% | 12.42% | 15.45% | -11.19% | 8.61% | 3.15% | 20.96% | -11.07% | 10.82% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
Correlation
The correlation between LYY4.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
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 LYY4.DE and NS4E.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LYY4.DE vs. NS4E.DE — Risk / Return Rank
LYY4.DE
NS4E.DE
LYY4.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.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.
| LYY4.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.13 | 4.40 | -1.26 |
| Martin ratioReturn relative to average drawdown | 10.32 | 15.01 | -4.68 |
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Drawdowns
LYY4.DE vs. NS4E.DE - Drawdown Comparison
The maximum LYY4.DE drawdown since its inception was -54.07%, 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 LYY4.DE and NS4E.DE.
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Drawdown Indicators
| LYY4.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.07% | -35.32% | -18.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -9.59% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -20.96% | +5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -20.96% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -28.62% | -35.32% | +6.70% |
Current DrawdownCurrent decline from peak | -4.97% | -4.65% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -14.28% | -8.00% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.81% | +0.12% |
Volatility
LYY4.DE vs. NS4E.DE - Volatility Comparison
Amundi Japan TOPIX II UCITS ETF EUR Dist (LYY4.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) have volatilities of 5.79% and 6.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LYY4.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 6.07% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 15.68% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 19.57% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 18.21% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 18.20% | -1.94% |
LYY4.DE vs. NS4E.DE - Expense Ratio Comparison
LYY4.DE has a 0.45% expense ratio, which is higher than NS4E.DE's 0.19% expense ratio.
Dividends
LYY4.DE vs. NS4E.DE - Dividend Comparison
LYY4.DE's dividend yield for the trailing twelve months is around 0.62%, while NS4E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 0.62% | 0.71% | 0.74% | 1.24% | 1.89% | 1.34% | 1.14% | 1.94% | 1.86% | 1.44% | 1.98% | 1.80% |
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
With a correlation of 0.92, LYY4.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, 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 0.45% for LYY4.DE.
LYY4.DE tracks TOPIX®, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.45% for LYY4.DE and 0.19% for NS4E.DE.
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