S400.L vs. JPXN
Compare and contrast key facts about Invesco JPX-Nikkei 400 UCITS ETF (S400.L) and iShares JPX-Nikkei 400 ETF (JPXN).
S400.L and JPXN 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. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. Both S400.L and JPXN 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 JPXN.
Key characteristics
| S400.L | JPXN | |
|---|---|---|
| YTD Return | 7.31% | 9.27% |
| 1Y Return | 12.45% | 18.14% |
| 3Y Return (Ann) | 3.34% | 1.74% |
| 5Y Return (Ann) | 4.77% | 4.85% |
| 10Y Return (Ann) | 8.19% | 5.97% |
| Sharpe Ratio | 0.89 | 0.99 |
| Sortino Ratio | 1.25 | 1.41 |
| Omega Ratio | 1.18 | 1.18 |
| Calmar Ratio | 1.24 | 0.99 |
| Martin Ratio | 4.09 | 4.94 |
| Ulcer Index | 3.42% | 3.44% |
| Daily Std Dev | 15.78% | 17.13% |
| Max Drawdown | -24.69% | -54.97% |
| Current Drawdown | -3.99% | -5.33% |
Correlation
The correlation between S400.L and JPXN is 0.80, 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. JPXN - Performance Comparison
In the year-to-date period, S400.L achieves a 7.31% return, which is significantly lower than JPXN's 9.27% return. Over the past 10 years, S400.L has outperformed JPXN with an annualized return of 8.19%, while JPXN has yielded a comparatively lower 5.97% 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. JPXN - Expense Ratio Comparison
S400.L has a 0.19% expense ratio, which is lower than JPXN's 0.48% expense ratio.
Risk-Adjusted Performance
S400.L vs. JPXN - 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 JPX-Nikkei 400 ETF (JPXN). 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. JPXN - Dividend Comparison
S400.L has not paid dividends to shareholders, while JPXN's dividend yield for the trailing twelve months is around 2.55%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
S400.L Invesco JPX-Nikkei 400 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPXN iShares JPX-Nikkei 400 ETF | 2.55% | 2.58% | 1.47% | 2.63% | 1.27% | 1.92% | 1.60% | 1.50% | 2.07% | 1.32% | 1.42% | 1.18% |
Drawdowns
S400.L vs. JPXN - Drawdown Comparison
The maximum S400.L drawdown since its inception was -24.69%, smaller than the maximum JPXN drawdown of -54.97%. Use the drawdown chart below to compare losses from any high point for S400.L and JPXN. For additional features, visit the drawdowns tool.
Volatility
S400.L vs. JPXN - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (S400.L) and iShares JPX-Nikkei 400 ETF (JPXN) have volatilities of 4.20% and 4.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.