NS4E.DE vs. IQSA.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - NS4E.DE is a Japan Equities fund tracking the JPX-Nikkei Index 400, while IQSA.DE is a Global Equities fund actively managed by Invesco. NS4E.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, NS4E.DE returned 20.00%/yr vs 15.34%/yr for IQSA.DE. A 0.69 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.30%/yr for IQSA.DE.
Performance
NS4E.DE vs. IQSA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly higher than IQSA.DE's 18.17% 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%
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
NS4E.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 10.71% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 20.23% | -9.31% | 35.68% | 0.13% | -2.66% |
Correlation
The correlation between NS4E.DE and IQSA.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2019 | 0.69 |
The correlation between NS4E.DE and IQSA.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NS4E.DE vs. IQSA.DE — Risk / Return Rank
NS4E.DE
IQSA.DE
NS4E.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.47 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 5.16 | -0.34 |
| Martin ratioReturn relative to average drawdown | 16.73 | 21.31 | -4.57 |
Loading charts...
Drawdowns
NS4E.DE vs. IQSA.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, roughly equal to the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and IQSA.DE.
Loading charts...
Drawdown Indicators
| NS4E.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -34.12% | -1.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -6.20% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -21.35% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -21.35% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -0.65% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -4.76% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.51% | +1.26% |
Volatility
NS4E.DE vs. IQSA.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a higher volatility of 5.77% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.46%. This indicates that NS4E.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NS4E.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 3.46% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 9.12% | +6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 12.47% | +6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 14.76% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 17.21% | +1.04% |
NS4E.DE vs. IQSA.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
NS4E.DE vs. IQSA.DE - Dividend Comparison
Neither NS4E.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and IQSA.DE have a correlation of 0.64, 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 0.30% for IQSA.DE.
NS4E.DE is categorized as Japan Equities, while IQSA.DE is Global Equities. Their fees differ too: 0.19% for NS4E.DE and 0.30% for IQSA.DE.
Find the right allocation for NS4E.DE and IQSA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer