NS4E.DE vs. VJPA.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and VJPA.DE (Vanguard FTSE Japan UCITS ETF Accumulating) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while VJPA.DE tracks the FTSE Japan. Both are passively managed. Over the past 5 years, NS4E.DE returned 19.49%/yr vs 9.39%/yr for VJPA.DE. Their correlation of 0.84 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.15%/yr for VJPA.DE.
Performance
NS4E.DE vs. VJPA.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 VJPA.DE's 14.46% 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%
VJPA.DE
- 1D
- -2.45%
- 1M
- -4.05%
- 6M
- 7.48%
- YTD
- 14.46%
- 1Y
- 31.42%
- 3Y*
- 15.40%
- 5Y*
- 9.39%
- 10Y*
- —
NS4E.DE vs. VJPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 7.75% |
VJPA.DE Vanguard FTSE Japan UCITS ETF Accumulating | 14.46% | 13.28% | 13.06% | 15.84% | -11.43% | 9.42% | 4.85% | -6.04% |
Correlation
The correlation between NS4E.DE and VJPA.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.84 |
The correlation between NS4E.DE and VJPA.DE shifts across timeframes, from 0.81 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NS4E.DE vs. VJPA.DE — Risk / Return Rank
NS4E.DE
VJPA.DE
NS4E.DE vs. VJPA.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 Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.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 | VJPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.18 | +1.22 |
| Martin ratioReturn relative to average drawdown | 15.01 | 10.50 | +4.51 |
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Drawdowns
NS4E.DE vs. VJPA.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than VJPA.DE's maximum drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and VJPA.DE.
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Drawdown Indicators
| NS4E.DE | VJPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -30.84% | -4.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -9.84% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.01% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -18.90% | -2.06% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -6.33% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -6.49% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.99% | -0.18% |
Volatility
NS4E.DE vs. VJPA.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.DE) have volatilities of 6.07% and 6.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NS4E.DE | VJPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.30% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 15.82% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 19.19% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.40% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 17.94% | +0.26% |
NS4E.DE vs. VJPA.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than VJPA.DE's 0.15% 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. VJPA.DE - Dividend Comparison
Neither NS4E.DE nor VJPA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, NS4E.DE and VJPA.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, VJPA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPA.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while VJPA.DE tracks FTSE Japan. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.19% for NS4E.DE and 0.15% for VJPA.DE.
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