NS4E.DE vs. LCUJ.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while LCUJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 5 years, NS4E.DE returned 19.49%/yr vs 9.51%/yr for LCUJ.DE. Their correlation of 0.83 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.12%/yr for LCUJ.DE.
Performance
NS4E.DE vs. LCUJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 17.06% return, which is significantly higher than LCUJ.DE's 14.75% return.
NS4E.DE
- 1D
- -2.16%
- 1M
- -2.98%
- 6M
- 9.96%
- YTD
- 17.06%
- 1Y
- 42.35%
- 3Y*
- 25.18%
- 5Y*
- 19.49%
- 10Y*
- 13.98%
LCUJ.DE
- 1D
- -2.41%
- 1M
- -4.42%
- 6M
- 7.53%
- YTD
- 14.75%
- 1Y
- 32.08%
- 3Y*
- 15.44%
- 5Y*
- 9.51%
- 10Y*
- —
NS4E.DE vs. LCUJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -15.49% |
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 14.75% | 12.72% | 13.58% | 16.52% | -12.47% | 10.03% | 5.07% | 22.41% | -99.31% |
Correlation
The correlation between NS4E.DE and LCUJ.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.83 |
The correlation between NS4E.DE and LCUJ.DE shifts across timeframes, from 0.82 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NS4E.DE vs. LCUJ.DE — Risk / Return Rank
NS4E.DE
LCUJ.DE
NS4E.DE vs. LCUJ.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 MSCI Japan UCITS ETF Acc (LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.17 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.01 | 9.92 | +5.09 |
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Drawdowns
NS4E.DE vs. LCUJ.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum LCUJ.DE drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and LCUJ.DE.
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Drawdown Indicators
| NS4E.DE | LCUJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -99.38% | +64.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.06% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.93% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.11% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -98.54% | +93.89% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -98.36% | +90.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.23% | -0.42% |
Volatility
NS4E.DE vs. LCUJ.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 6.07%, while Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a volatility of 6.71%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.71% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 16.36% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 20.03% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.91% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 38.26% | -20.06% |
NS4E.DE vs. LCUJ.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than LCUJ.DE's 0.12% 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. LCUJ.DE - Dividend Comparison
Neither NS4E.DE nor LCUJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, NS4E.DE and LCUJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LCUJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while LCUJ.DE tracks MSCI Japan. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for NS4E.DE and 0.12% for LCUJ.DE.
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