NS4E.DE vs. EQQX.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - NS4E.DE is a Japan Equities fund tracking the JPX-Nikkei Index 400, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, NS4E.DE returned 20.00%/yr vs 16.51%/yr for EQQX.DE. A 0.54 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
NS4E.DE vs. EQQX.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 higher than EQQX.DE's 19.18% 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%
EQQX.DE
- 1D
- 0.00%
- 1M
- -2.00%
- 6M
- 20.51%
- YTD
- 19.18%
- 1Y
- 33.29%
- 3Y*
- 23.42%
- 5Y*
- 16.51%
- 10Y*
- —
NS4E.DE vs. EQQX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | -4.26% | 2.51% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 19.18% | 7.13% | 33.88% | 51.62% | -29.90% | 24.77% |
Correlation
The correlation between NS4E.DE and EQQX.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.54 |
The correlation between NS4E.DE and EQQX.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. EQQX.DE — Risk / Return Rank
NS4E.DE
EQQX.DE
NS4E.DE vs. EQQX.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 Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.33 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 1.66 | +3.17 |
| Martin ratioReturn relative to average drawdown | 16.73 | 3.16 | +13.57 |
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Drawdowns
NS4E.DE vs. EQQX.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than EQQX.DE's maximum drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and EQQX.DE.
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Drawdown Indicators
| NS4E.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -31.17% | -4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -20.09% | +10.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -26.80% | +5.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -31.17% | +10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -2.51% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -8.93% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 10.54% | -7.77% |
Volatility
NS4E.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 5.77%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 6.60%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 6.60% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 12.32% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 27.34% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 22.18% | -3.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 21.94% | -3.69% |
NS4E.DE vs. EQQX.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than EQQX.DE's 0.20% 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
NS4E.DE vs. EQQX.DE - Dividend Comparison
Neither NS4E.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and EQQX.DE have a correlation of 0.49, 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 0.20% for EQQX.DE.
NS4E.DE is categorized as Japan Equities, while EQQX.DE is Nasdaq-100. NS4E.DE tracks JPX-Nikkei Index 400, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for NS4E.DE and 0.20% for EQQX.DE.
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