NS4E.DE vs. XDJP.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and XDJP.DE (Xtrackers Nikkei 225 UCITS ETF 1D) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while XDJP.DE tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, NS4E.DE returned 15.07%/yr vs 12.46%/yr for XDJP.DE. Their correlation of 0.81 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.09%/yr for XDJP.DE.
Performance
NS4E.DE vs. XDJP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NS4E.DE achieves a 20.94% return, which is significantly lower than XDJP.DE's 38.03% return. Over the past 10 years, NS4E.DE has outperformed XDJP.DE with an annualized return of 15.07%, while XDJP.DE has yielded a comparatively lower 12.46% annualized return.
NS4E.DE
- 1D
- 0.76%
- 1M
- 2.16%
- 6M
- 19.66%
- YTD
- 20.94%
- 1Y
- 46.51%
- 3Y*
- 26.09%
- 5Y*
- 20.00%
- 10Y*
- 15.07%
XDJP.DE
- 1D
- 1.32%
- 1M
- 3.00%
- 6M
- 37.89%
- YTD
- 38.03%
- 1Y
- 62.97%
- 3Y*
- 23.26%
- 5Y*
- 13.43%
- 10Y*
- 12.46%
NS4E.DE vs. XDJP.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) | 20.94% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 38.03% | 16.25% | 14.41% | 18.07% | -15.32% | 3.32% | 14.05% | 24.79% | -4.99% | 10.61% |
Correlation
The correlation between NS4E.DE and XDJP.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.81 |
The correlation between NS4E.DE and XDJP.DE has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
NS4E.DE vs. XDJP.DE — Risk / Return Rank
NS4E.DE
XDJP.DE
NS4E.DE vs. XDJP.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 Nikkei 225 UCITS ETF 1D (XDJP.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 | XDJP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 4.88 | -0.06 |
| Martin ratioReturn relative to average drawdown | 16.73 | 14.57 | +2.16 |
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Drawdowns
NS4E.DE vs. XDJP.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than XDJP.DE's maximum drawdown of -29.12%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and XDJP.DE.
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Drawdown Indicators
| NS4E.DE | XDJP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -29.12% | -6.20% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -12.83% | +3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -20.16% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -21.14% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -29.12% | -6.20% |
Current DrawdownCurrent decline from peak | -1.49% | -4.37% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -8.02% | -6.76% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 4.30% | -1.53% |
Volatility
NS4E.DE vs. XDJP.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 5.77%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.DE) has a volatility of 9.56%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than XDJP.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 | XDJP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 9.56% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 20.17% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 24.92% | -5.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.19% | 18.99% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.25% | 17.91% | +0.34% |
NS4E.DE vs. XDJP.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than XDJP.DE's 0.09% 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. XDJP.DE - Dividend Comparison
NS4E.DE has not paid dividends to shareholders, while XDJP.DE's dividend yield for the trailing twelve months is around 0.99%.
| 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% |
XDJP.DE Xtrackers Nikkei 225 UCITS ETF 1D | 0.99% | 1.36% | 1.38% | 1.59% | 2.60% | 1.16% | 1.14% | 1.11% | 1.28% | 0.75% | 0.89% | 0.16% |
Frequently Asked Questions
NS4E.DE and XDJP.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDJP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDJP.DE is cheaper with a 0.09% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while XDJP.DE tracks TOPIX TR JPY. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for NS4E.DE and 0.09% for XDJP.DE.
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