NS4E.DE vs. SC0I.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and SC0I.DE (Invesco MSCI Japan UCITS ETF) are both Japan Equities funds from Invesco - NS4E.DE tracks the JPX-Nikkei Index 400 while SC0I.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, NS4E.DE returned 13.98%/yr vs 8.52%/yr for SC0I.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.19% expense ratio.
Performance
NS4E.DE vs. SC0I.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 SC0I.DE's 14.80% return. Over the past 10 years, NS4E.DE has outperformed SC0I.DE with an annualized return of 13.98%, while SC0I.DE has yielded a comparatively lower 8.52% annualized 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%
SC0I.DE
- 1D
- -2.54%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.80%
- 1Y
- 32.01%
- 3Y*
- 15.32%
- 5Y*
- 9.37%
- 10Y*
- 8.52%
NS4E.DE vs. SC0I.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) | 17.06% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
SC0I.DE Invesco MSCI Japan UCITS ETF | 14.80% | 12.31% | 13.65% | 16.36% | -12.51% | 9.85% | 5.13% | 22.22% | -9.86% | 9.04% |
Correlation
The correlation between NS4E.DE and SC0I.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.84 |
The correlation between NS4E.DE and SC0I.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. SC0I.DE — Risk / Return Rank
NS4E.DE
SC0I.DE
NS4E.DE vs. SC0I.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 MSCI Japan UCITS ETF (SC0I.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 | SC0I.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.11 | +1.29 |
| Martin ratioReturn relative to average drawdown | 15.01 | 9.87 | +5.14 |
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Drawdowns
NS4E.DE vs. SC0I.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum SC0I.DE drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and SC0I.DE.
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Drawdown Indicators
| NS4E.DE | SC0I.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -41.87% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.24% | +0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.83% | -4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.11% | -1.85% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -28.00% | -7.32% |
Current DrawdownCurrent decline from peak | -4.65% | -7.18% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -13.49% | +5.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.23% | -0.42% |
Volatility
NS4E.DE vs. SC0I.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 6.07%, while Invesco MSCI Japan UCITS ETF (SC0I.DE) has a volatility of 6.75%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than SC0I.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 | SC0I.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.75% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 16.47% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 19.87% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.92% | +1.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 17.35% | +0.85% |
NS4E.DE vs. SC0I.DE - Expense Ratio Comparison
Both NS4E.DE and SC0I.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
NS4E.DE vs. SC0I.DE - Dividend Comparison
Neither NS4E.DE nor SC0I.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, NS4E.DE and SC0I.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.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NS4E.DE and SC0I.DE have the same expense ratio: 0.19% per year.
NS4E.DE tracks JPX-Nikkei Index 400, while SC0I.DE tracks MSCI Japan.
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