NS4E.DE vs. 3JPN.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both Japan Equities funds. NS4E.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, NS4E.DE returned 26.09%/yr vs 22.39%/yr for 3JPN.DE. A 0.80 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.75%/yr for 3JPN.DE.
Performance
NS4E.DE vs. 3JPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly lower than 3JPN.DE's 36.71% return.
NS4E.DE
- 1D
- 0.76%
- 1M
- 2.16%
- 6M
- 19.66%
- YTD
- 20.94%
- 1Y
- 46.51%
- 3Y*
- 26.09%
- 5Y*
- 20.00%
- 10Y*
- 15.07%
3JPN.DE
- 1D
- 0.00%
- 1M
- -1.35%
- 6M
- 36.87%
- YTD
- 36.71%
- 1Y
- 68.24%
- 3Y*
- 22.39%
- 5Y*
- —
- 10Y*
- —
NS4E.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | -4.06% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 36.71% | 27.74% | 0.10% | 34.83% | -6.43% |
Correlation
The correlation between NS4E.DE and 3JPN.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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.80 |
The correlation between NS4E.DE and 3JPN.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. 3JPN.DE — Risk / Return Rank
NS4E.DE
3JPN.DE
NS4E.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.
| NS4E.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.23 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.98 | +2.85 |
| Martin ratioReturn relative to average drawdown | 16.73 | 5.57 | +11.17 |
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Drawdowns
NS4E.DE vs. 3JPN.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and 3JPN.DE.
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Drawdown Indicators
| NS4E.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -51.65% | +16.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -34.71% | +25.12% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -51.65% | +30.69% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -11.04% | +9.55% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -14.66% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 12.31% | -9.54% |
Volatility
NS4E.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 5.77%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 19.49%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NS4E.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 19.49% | -13.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 51.50% | -36.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 62.39% | -43.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 53.10% | -34.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 53.10% | -34.85% |
NS4E.DE vs. 3JPN.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
NS4E.DE vs. 3JPN.DE - Dividend Comparison
Neither NS4E.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and 3JPN.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.
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 0.75% for 3JPN.DE.
They also come from different issuers: Invesco and Leverage Shares. Their fees differ too: 0.19% for NS4E.DE and 0.75% for 3JPN.DE.
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