NS4E.DE vs. XDNY.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and XDNY.DE (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while XDNY.DE tracks the MSCI Japan Select ESG Screened. Both are passively managed. Over the past 10 years, NS4E.DE returned 13.98%/yr vs 8.14%/yr for XDNY.DE. Their correlation of 0.84 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.15%/yr for XDNY.DE.
Performance
NS4E.DE vs. XDNY.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 XDNY.DE's 14.26% return. Over the past 10 years, NS4E.DE has outperformed XDNY.DE with an annualized return of 13.98%, while XDNY.DE has yielded a comparatively lower 8.14% annualized 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%
XDNY.DE
- 1D
- -2.32%
- 1M
- -4.30%
- 6M
- 7.46%
- YTD
- 14.26%
- 1Y
- 30.85%
- 3Y*
- 14.52%
- 5Y*
- 8.84%
- 10Y*
- 8.14%
NS4E.DE vs. XDNY.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% | 19.58% |
XDNY.DE Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 14.26% | 11.70% | 12.67% | 16.15% | -12.83% | 9.07% | 4.79% | 22.35% | -10.67% | 9.68% |
Correlation
The correlation between NS4E.DE and XDNY.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015 | 0.84 |
The correlation between NS4E.DE and XDNY.DE shifts across timeframes, from 0.81 (5 years) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
NS4E.DE vs. XDNY.DE — Risk / Return Rank
NS4E.DE
XDNY.DE
NS4E.DE vs. XDNY.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 ESG Screened UCITS ETF 1D (XDNY.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 | XDNY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.29 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.01 | +1.38 |
| Martin ratioReturn relative to average drawdown | 15.01 | 9.61 | +5.40 |
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Drawdowns
NS4E.DE vs. XDNY.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, smaller than the maximum XDNY.DE drawdown of -99.40%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and XDNY.DE.
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Drawdown Indicators
| NS4E.DE | XDNY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -99.40% | +64.08% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.20% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -17.97% | -2.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -19.82% | -1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -28.32% | -7.00% |
Current DrawdownCurrent decline from peak | -4.65% | -98.44% | +93.79% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -98.65% | +90.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.20% | -0.39% |
Volatility
NS4E.DE vs. XDNY.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) is 6.07%, while Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNY.DE) has a volatility of 6.46%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than XDNY.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 | XDNY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.46% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 16.22% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 19.91% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 16.99% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 16.58% | +1.62% |
NS4E.DE vs. XDNY.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is higher than XDNY.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. XDNY.DE - Dividend Comparison
NS4E.DE has not paid dividends to shareholders, while XDNY.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDNY.DE Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 1.45% | 1.66% | 1.60% | 1.77% | 2.98% | 1.40% | 1.82% | 1.73% | 1.24% | 2.07% | 0.69% |
Frequently Asked Questions
With a correlation of 0.91, NS4E.DE and XDNY.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, XDNY.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDNY.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for NS4E.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while XDNY.DE tracks MSCI Japan Select ESG Screened. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for NS4E.DE and 0.15% for XDNY.DE.
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