NS4E.DE vs. JP40.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, NS4E.DE returned 15.07%/yr vs 9.22%/yr for JP40.DE. Their correlation of 0.82 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.18%/yr for JP40.DE.
Performance
NS4E.DE vs. JP40.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with NS4E.DE having a 20.94% return and JP40.DE slightly lower at 19.93%. Over the past 10 years, NS4E.DE has outperformed JP40.DE with an annualized return of 15.07%, while JP40.DE has yielded a comparatively lower 9.22% annualized 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%
JP40.DE
- 1D
- 0.60%
- 1M
- 3.02%
- 6M
- 19.79%
- YTD
- 19.93%
- 1Y
- 33.94%
- 3Y*
- 16.85%
- 5Y*
- 10.53%
- 10Y*
- 9.22%
NS4E.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 20.94% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 19.93% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 22.33% | -10.68% | 9.57% |
Correlation
The correlation between NS4E.DE and JP40.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.82 |
The correlation between NS4E.DE and JP40.DE shifts across timeframes, from 0.78 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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. JP40.DE — Risk / Return Rank
NS4E.DE
JP40.DE
NS4E.DE vs. JP40.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 Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.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 | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.58 | +1.24 |
| Martin ratioReturn relative to average drawdown | 16.73 | 12.07 | +4.66 |
Loading charts...
Drawdowns
NS4E.DE vs. JP40.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than JP40.DE's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and JP40.DE.
Loading charts...
Drawdown Indicators
| NS4E.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -28.51% | -6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.43% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -15.82% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.66% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -28.51% | -6.81% |
Current DrawdownCurrent decline from peak | -1.49% | -1.44% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -5.98% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.80% | -0.03% |
Volatility
NS4E.DE vs. JP40.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) have volatilities of 5.77% and 5.55%, 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.
Loading charts...
Volatility by Period
| NS4E.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.55% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 15.30% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 18.62% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 16.69% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 16.43% | +1.82% |
NS4E.DE vs. JP40.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than JP40.DE's 0.18% expense ratio. However, 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. JP40.DE - Dividend Comparison
Neither NS4E.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and JP40.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JP40.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for NS4E.DE and 0.18% for JP40.DE.
Find the right allocation for NS4E.DE and JP40.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