NS4E.DE vs. SXR6.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and SXR6.DE (iShares MSCI Japan SRI UCITS ETF USD Acc) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while SXR6.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, NS4E.DE returned 19.49%/yr vs 4.84%/yr for SXR6.DE. A 0.78 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.20%/yr for SXR6.DE.
Performance
NS4E.DE vs. SXR6.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 SXR6.DE's 8.85% 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%
SXR6.DE
- 1D
- -1.27%
- 1M
- 2.79%
- 6M
- 4.45%
- YTD
- 8.85%
- 1Y
- 19.05%
- 3Y*
- 9.21%
- 5Y*
- 4.84%
- 10Y*
- —
NS4E.DE vs. SXR6.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% | 16.74% |
SXR6.DE iShares MSCI Japan SRI UCITS ETF USD Acc | 8.85% | 6.27% | 9.12% | 9.64% | -13.85% | 9.80% | 6.47% | 26.65% | -10.41% | 4.48% |
Correlation
The correlation between NS4E.DE and SXR6.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2017 | 0.78 |
The correlation between NS4E.DE and SXR6.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. SXR6.DE — Risk / Return Rank
NS4E.DE
SXR6.DE
NS4E.DE vs. SXR6.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 SRI UCITS ETF USD Acc (SXR6.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 | SXR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 1.65 | +2.75 |
| Martin ratioReturn relative to average drawdown | 15.01 | 4.84 | +10.17 |
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Drawdowns
NS4E.DE vs. SXR6.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than SXR6.DE's maximum drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and SXR6.DE.
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Drawdown Indicators
| NS4E.DE | SXR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -27.37% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -11.51% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.34% | -4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -21.23% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -2.39% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -7.04% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.92% | -1.11% |
Volatility
NS4E.DE vs. SXR6.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a higher volatility of 6.07% compared to iShares MSCI Japan SRI UCITS ETF USD Acc (SXR6.DE) at 5.29%. This indicates that NS4E.DE's price experiences larger fluctuations and is considered to be riskier than SXR6.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 | SXR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.29% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 15.25% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 19.16% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.65% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 16.87% | +1.33% |
NS4E.DE vs. SXR6.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than SXR6.DE's 0.20% expense ratio. Despite the difference, 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. SXR6.DE - Dividend Comparison
Neither NS4E.DE nor SXR6.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and SXR6.DE have a correlation of 0.76, 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 0.20% for SXR6.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while SXR6.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for NS4E.DE and 0.20% for SXR6.DE.
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