S400.L vs. CNKY.L
Compare and contrast key facts about Invesco JPX-Nikkei 400 UCITS ETF (S400.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L).
S400.L and CNKY.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. S400.L is a passively managed fund by Invesco Investment Management Limited that tracks the performance of the TOPIX TR JPY. It was launched on Sep 10, 2014. CNKY.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Jan 25, 2010. Both S400.L and CNKY.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: S400.L or CNKY.L.
Key characteristics
| S400.L | CNKY.L | |
|---|---|---|
| YTD Return | 6.95% | 6.94% |
| 1Y Return | 11.85% | 12.40% |
| 3Y Return (Ann) | 3.23% | 1.64% |
| 5Y Return (Ann) | 4.91% | 4.60% |
| 10Y Return (Ann) | 7.85% | 8.73% |
| Sharpe Ratio | 0.73 | 0.66 |
| Sortino Ratio | 1.06 | 1.00 |
| Omega Ratio | 1.15 | 1.13 |
| Calmar Ratio | 1.02 | 0.76 |
| Martin Ratio | 3.34 | 1.79 |
| Ulcer Index | 3.46% | 6.23% |
| Daily Std Dev | 15.69% | 16.95% |
| Max Drawdown | -24.69% | -23.61% |
| Current Drawdown | -4.31% | -7.25% |
Correlation
The correlation between S400.L and CNKY.L is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
S400.L vs. CNKY.L - Performance Comparison
The year-to-date returns for both stocks are quite close, with S400.L having a 6.95% return and CNKY.L slightly lower at 6.94%. Over the past 10 years, S400.L has underperformed CNKY.L with an annualized return of 7.85%, while CNKY.L has yielded a comparatively higher 8.73% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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S400.L vs. CNKY.L - Expense Ratio Comparison
S400.L has a 0.19% expense ratio, which is lower than CNKY.L's 0.48% expense ratio.
Risk-Adjusted Performance
S400.L vs. CNKY.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (S400.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L). 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.
Dividends
S400.L vs. CNKY.L - Dividend Comparison
Neither S400.L nor CNKY.L has paid dividends to shareholders.
Drawdowns
S400.L vs. CNKY.L - Drawdown Comparison
The maximum S400.L drawdown since its inception was -24.69%, roughly equal to the maximum CNKY.L drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for S400.L and CNKY.L. For additional features, visit the drawdowns tool.
Volatility
S400.L vs. CNKY.L - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (S400.L) is 4.55%, while iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a volatility of 5.25%. This indicates that S400.L experiences smaller price fluctuations and is considered to be less risky than CNKY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.