NS4E.DE vs. UIM5.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and UIM5.DE (UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while UIM5.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, NS4E.DE returned 14.29%/yr vs 8.98%/yr for UIM5.DE. Their correlation of 0.84 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.12%/yr for UIM5.DE.
Performance
NS4E.DE vs. UIM5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.29% return, which is significantly higher than UIM5.DE's 18.99% return. Over the past 10 years, NS4E.DE has outperformed UIM5.DE with an annualized return of 14.29%, while UIM5.DE has yielded a comparatively lower 8.98% annualized return.
NS4E.DE
- 1D
- -1.03%
- 1M
- 1.65%
- 6M
- 13.30%
- YTD
- 20.29%
- 1Y
- 47.35%
- 3Y*
- 26.88%
- 5Y*
- 20.14%
- 10Y*
- 14.29%
UIM5.DE
- 1D
- -0.83%
- 1M
- 0.88%
- 6M
- 12.53%
- YTD
- 18.99%
- 1Y
- 38.35%
- 3Y*
- 17.36%
- 5Y*
- 10.30%
- 10Y*
- 8.98%
NS4E.DE vs. UIM5.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) | 20.29% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 18.99% | 12.70% | 13.65% | 16.46% | -12.42% | 10.03% | 5.15% | 22.28% | -9.98% | 9.08% |
Correlation
The correlation between NS4E.DE and UIM5.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 UIM5.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. UIM5.DE — Risk / Return Rank
NS4E.DE
UIM5.DE
NS4E.DE vs. UIM5.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 UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis (UIM5.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 | UIM5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.91 | 3.78 | +1.13 |
| Martin ratioReturn relative to average drawdown | 16.90 | 12.16 | +4.74 |
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Drawdowns
NS4E.DE vs. UIM5.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum UIM5.DE drawdown of -99.65%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and UIM5.DE.
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Drawdown Indicators
| NS4E.DE | UIM5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -99.65% | +64.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.09% | +0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.89% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.01% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -28.09% | -7.23% |
Current DrawdownCurrent decline from peak | -2.02% | -98.19% | +96.17% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -94.91% | +86.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 3.14% | -0.35% |
Volatility
NS4E.DE vs. UIM5.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 5.89%, while UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis (UIM5.DE) has a volatility of 6.51%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than UIM5.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 | UIM5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 6.51% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 16.17% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 19.79% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 16.86% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 16.48% | +1.71% |
NS4E.DE vs. UIM5.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than UIM5.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. UIM5.DE - Dividend Comparison
NS4E.DE has not paid dividends to shareholders, while UIM5.DE's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIM5.DE UBS ETF (LU) MSCI Japan UCITS ETF (JPY) A-dis | 1.56% | 1.71% | 1.67% | 1.80% | 2.11% | 1.52% | 1.66% | 1.65% | 1.58% | 1.32% | 1.54% | 1.20% |
Frequently Asked Questions
With a correlation of 0.92, NS4E.DE and UIM5.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, UIM5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIM5.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while UIM5.DE tracks MSCI Japan. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for NS4E.DE and 0.12% for UIM5.DE.
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