NS4E.DE vs. SXR5.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and SXR5.DE (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while SXR5.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, NS4E.DE returned 13.98%/yr vs 8.44%/yr for SXR5.DE. Their correlation of 0.84 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.12%/yr for SXR5.DE.
Performance
NS4E.DE vs. SXR5.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NS4E.DE achieves a 17.06% return, which is significantly higher than SXR5.DE's 14.85% return. Over the past 10 years, NS4E.DE has outperformed SXR5.DE with an annualized return of 13.98%, while SXR5.DE has yielded a comparatively lower 8.44% 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%
SXR5.DE
- 1D
- -2.44%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.85%
- 1Y
- 32.24%
- 3Y*
- 15.44%
- 5Y*
- 9.37%
- 10Y*
- 8.44%
NS4E.DE vs. SXR5.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% |
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc) | 14.85% | 12.72% | 13.72% | 16.12% | -12.71% | 9.55% | 4.95% | 21.99% | -9.97% | 8.96% |
Correlation
The correlation between NS4E.DE and SXR5.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 (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 SXR5.DE shifts across timeframes, from 0.82 (5 years) to 0.92 (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. SXR5.DE — Risk / Return Rank
NS4E.DE
SXR5.DE
NS4E.DE vs. SXR5.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 iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.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 | SXR5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.17 | +1.23 |
| Martin ratioReturn relative to average drawdown | 15.01 | 9.97 | +5.04 |
Loading charts...
Drawdowns
NS4E.DE vs. SXR5.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than SXR5.DE's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and SXR5.DE.
Loading charts...
Drawdown Indicators
| NS4E.DE | SXR5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -28.03% | -7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.14% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -17.16% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.30% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -28.03% | -7.29% |
Current DrawdownCurrent decline from peak | -4.65% | -7.06% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -7.22% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.23% | -0.42% |
Volatility
NS4E.DE vs. SXR5.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 6.07%, while iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) has a volatility of 6.86%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than SXR5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NS4E.DE | SXR5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.86% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 16.60% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 20.12% | -0.55% |
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% | 16.47% | +1.73% |
NS4E.DE vs. SXR5.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than SXR5.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. SXR5.DE - Dividend Comparison
Neither NS4E.DE nor SXR5.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, NS4E.DE and SXR5.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, SXR5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR5.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while SXR5.DE tracks MSCI Japan. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for NS4E.DE and 0.12% for SXR5.DE.
Find the right allocation for NS4E.DE and SXR5.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