NS4E.DE vs. XZMJ.DE
NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) and XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) are both Japan Equities funds - NS4E.DE tracks the JPX-Nikkei Index 400 while XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders. Both are passively managed. Over the past 5 years, NS4E.DE returned 19.49%/yr vs 8.04%/yr for XZMJ.DE. Their correlation of 0.81 suggests significant overlap in exposure. NS4E.DE charges 0.19%/yr vs 0.20%/yr for XZMJ.DE.
Performance
NS4E.DE vs. XZMJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NS4E.DE achieves a 17.06% return, which is significantly higher than XZMJ.DE's 13.09% 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%
XZMJ.DE
- 1D
- -2.48%
- 1M
- -3.92%
- 6M
- 7.93%
- YTD
- 13.09%
- 1Y
- 29.07%
- 3Y*
- 15.04%
- 5Y*
- 8.04%
- 10Y*
- —
NS4E.DE vs. XZMJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -14.76% |
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 13.09% | 10.86% | 16.16% | 14.57% | -16.10% | 7.03% | 9.17% | 26.79% | -26.96% |
Correlation
The correlation between NS4E.DE and XZMJ.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018 | 0.81 |
The correlation between NS4E.DE and XZMJ.DE has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NS4E.DE vs. XZMJ.DE — Risk / Return Rank
NS4E.DE
XZMJ.DE
NS4E.DE vs. XZMJ.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 UCITS ETF 1C (XZMJ.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 | XZMJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 2.29 | +2.10 |
| Martin ratioReturn relative to average drawdown | 15.01 | 7.46 | +7.55 |
Loading charts...
Drawdowns
NS4E.DE vs. XZMJ.DE - Drawdown Comparison
The maximum NS4E.DE drawdown since its inception was -35.32%, which is greater than XZMJ.DE's maximum drawdown of -30.29%. Use the drawdown chart below to compare losses from any high point for NS4E.DE and XZMJ.DE.
Loading charts...
Drawdown Indicators
| NS4E.DE | XZMJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -30.29% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -12.62% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.96% | -18.78% | -2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -20.96% | -21.51% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | -4.65% | -6.88% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -8.00% | -9.87% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.89% | -1.08% |
Volatility
NS4E.DE vs. XZMJ.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 UCITS ETF 1C (XZMJ.DE) has a volatility of 6.75%. This indicates that NS4E.DE experiences smaller price fluctuations and is considered to be less risky than XZMJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NS4E.DE | XZMJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 6.75% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.68% | 17.79% | -2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.57% | 21.75% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.21% | 17.50% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 19.99% | -1.79% |
NS4E.DE vs. XZMJ.DE - Expense Ratio Comparison
NS4E.DE has a 0.19% expense ratio, which is lower than XZMJ.DE's 0.20% expense ratio. Despite the difference, 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. XZMJ.DE - Dividend Comparison
Neither NS4E.DE nor XZMJ.DE has paid dividends to shareholders.
Frequently Asked Questions
NS4E.DE and XZMJ.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NS4E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NS4E.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for XZMJ.DE.
NS4E.DE tracks JPX-Nikkei Index 400, while XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders. They also come from different issuers: Invesco and Xtrackers. Their fees differ too: 0.19% for NS4E.DE and 0.20% for XZMJ.DE.
Find the right allocation for NS4E.DE and XZMJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer