NS4E.DE vs. XCJD.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and XCJD.DE (Xtrackers MSCI Japan Climate Transition UCITS ETF) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while XCJD.DE tracks the MSCI Japan Select Sustainability Screened CTB. Both are passively managed. Over the past 3 years, NS4E.DE returned 25.18%/yr vs 13.64%/yr for XCJD.DE. A 0.78 correlation means they provide meaningful diversification when combined. NS4E.DE charges 0.19%/yr vs 0.15%/yr for XCJD.DE.
Performance
NS4E.DE vs. XCJD.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 lower than XCJD.DE's 19.48% 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%
XCJD.DE
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 13.22%
- YTD
- 19.48%
- 1Y
- 33.98%
- 3Y*
- 13.64%
- 5Y*
- —
- 10Y*
- —
NS4E.DE vs. XCJD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 26.94% |
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 19.48% | 10.38% | 7.06% | -0.50% |
Correlation
The correlation between NS4E.DE and XCJD.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2023 | 0.78 |
The correlation between NS4E.DE and XCJD.DE has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. XCJD.DE — Risk / Return Rank
NS4E.DE
XCJD.DE
NS4E.DE vs. XCJD.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 Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.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 | XCJD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.15 | +2.24 |
| Martin ratioReturn relative to average drawdown | 15.01 | 4.39 | +10.61 |
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Drawdowns
NS4E.DE vs. XCJD.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than XCJD.DE's maximum drawdown of -16.48%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and XCJD.DE.
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Drawdown Indicators
| NS4E.DE | XCJD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -16.48% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -15.78% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -16.48% | -4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -2.20% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -5.10% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 7.73% | -4.92% |
Volatility
NS4E.DE vs. XCJD.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) and Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.DE) have volatilities of 6.07% and 6.04%, 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 | XCJD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.04% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 15.74% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 28.56% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 20.48% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 20.48% | -2.28% |
NS4E.DE vs. XCJD.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than XCJD.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. XCJD.DE - Dividend Comparison
NS4E.DE has not paid dividends to shareholders, while XCJD.DE's dividend yield for the trailing twelve months is around 1.35%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% |
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 1.35% | 1.55% | 2.21% | 2.27% |
Frequently Asked Questions
NS4E.DE and XCJD.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCJD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCJD.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while XCJD.DE tracks MSCI Japan Select Sustainability Screened CTB. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for NS4E.DE and 0.15% for XCJD.DE.
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