QUEJ.DE vs. NS4E.DE
QUEJ.DE (BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - QUEJ.DE tracks the MSCI Japan SRI S-Series PAB 5% Capped while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 3 years, QUEJ.DE returned 7.23%/yr vs 26.70%/yr for NS4E.DE. A 0.70 correlation means they provide meaningful diversification when combined. QUEJ.DE charges 0.25%/yr vs 0.19%/yr for NS4E.DE.
Performance
QUEJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QUEJ.DE achieves a 15.79% return, which is significantly lower than NS4E.DE's 19.64% return.
QUEJ.DE
- 1D
- 0.00%
- 1M
- 5.80%
- 6M
- 10.28%
- YTD
- 15.79%
- 1Y
- 26.63%
- 3Y*
- 7.23%
- 5Y*
- —
- 10Y*
- —
NS4E.DE
- 1D
- -0.54%
- 1M
- 0.31%
- 6M
- 12.11%
- YTD
- 19.64%
- 1Y
- 47.97%
- 3Y*
- 26.70%
- 5Y*
- 20.01%
- 10Y*
- 14.19%
QUEJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
QUEJ.DE BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 15.79% | 3.79% | 1.15% | 8.13% | -12.21% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 19.64% | 27.33% | 22.81% | 33.35% | 0.66% |
Correlation
The correlation between QUEJ.DE and NS4E.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.70 |
The correlation between QUEJ.DE and NS4E.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
QUEJ.DE vs. NS4E.DE — Risk / Return Rank
QUEJ.DE
NS4E.DE
QUEJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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.
| QUEJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.98 | -2.42 |
| Martin ratioReturn relative to average drawdown | 7.75 | 17.09 | -9.34 |
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Drawdowns
QUEJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum QUEJ.DE drawdown since its inception was -15.02%, smaller than the maximum NS4E.DE drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for QUEJ.DE and NS4E.DE.
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Drawdown Indicators
| QUEJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -35.32% | +20.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -9.59% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -20.96% | +7.02% |
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 | -1.23% | -2.55% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -8.00% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.80% | +0.64% |
Volatility
QUEJ.DE vs. NS4E.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Japan SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (QUEJ.DE) is 5.11%, while Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a volatility of 5.80%. This indicates that QUEJ.DE experiences smaller price fluctuations and is considered to be less risky than NS4E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QUEJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 5.80% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 15.51% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.98% | 19.47% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.40% | 18.19% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 18.19% | -2.79% |
QUEJ.DE vs. NS4E.DE - Expense Ratio Comparison
QUEJ.DE has a 0.25% expense ratio, which is higher than NS4E.DE's 0.19% 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
QUEJ.DE vs. NS4E.DE - Dividend Comparison
Neither QUEJ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
QUEJ.DE and NS4E.DE have a correlation of 0.79, 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 0.25% for QUEJ.DE.
QUEJ.DE tracks MSCI Japan SRI S-Series PAB 5% Capped, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: BNP Paribas and Invesco. Their fees differ too: 0.25% for QUEJ.DE and 0.19% for NS4E.DE.
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