NS4E.DE vs. FWEA.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both exchange-traded funds - NS4E.DE is a Japan Equities fund tracking the JPX-Nikkei Index 400, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, NS4E.DE returned 26.09%/yr vs 17.71%/yr for FWEA.DE. A 0.63 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.20%/yr for FWEA.DE.
Performance
NS4E.DE vs. FWEA.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 FWEA.DE's 10.02% 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%
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
NS4E.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 7.58% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between NS4E.DE and FWEA.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.63 |
The correlation between NS4E.DE and FWEA.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. FWEA.DE — Risk / Return Rank
NS4E.DE
FWEA.DE
NS4E.DE vs. FWEA.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 FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 2.62 | +2.20 |
| Martin ratioReturn relative to average drawdown | 16.73 | 10.72 | +6.02 |
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Drawdowns
NS4E.DE vs. FWEA.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and FWEA.DE.
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Drawdown Indicators
| NS4E.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -17.48% | -17.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -8.28% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -17.48% | -3.48% |
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% | -1.37% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -1.86% | -6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.03% | +0.74% |
Volatility
NS4E.DE vs. FWEA.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a higher volatility of 5.77% compared to Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) at 3.88%. This indicates that NS4E.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.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 | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 3.88% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 9.49% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 11.88% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 12.75% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 12.75% | +5.50% |
NS4E.DE vs. FWEA.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than FWEA.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. FWEA.DE - Dividend Comparison
Neither NS4E.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and FWEA.DE have a correlation of 0.68, 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 FWEA.DE.
NS4E.DE is categorized as Japan Equities, while FWEA.DE is Global Equities. NS4E.DE tracks JPX-Nikkei Index 400, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.19% for NS4E.DE and 0.20% for FWEA.DE.
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