SMLN.DE vs. AW15.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and AW15.DE (UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc) are both Japan Equities funds - SMLN.DE tracks the JPX-Nikkei 400 while AW15.DE tracks the MSCI Japan Climate Paris Aligned. Both are passively managed. Over the past 5 years, SMLN.DE returned 9.82%/yr vs 3.15%/yr for AW15.DE. Their correlation of 0.92 suggests significant overlap in exposure. SMLN.DE charges 0.19%/yr vs 0.12%/yr for AW15.DE.
Performance
SMLN.DE vs. AW15.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLN.DE achieves a 15.87% return, which is significantly higher than AW15.DE's 8.65% return.
SMLN.DE
- 1D
- -0.49%
- 1M
- 4.75%
- YTD
- 15.87%
- 6M
- 15.93%
- 1Y
- 28.29%
- 3Y*
- 14.96%
- 5Y*
- 9.82%
- 10Y*
- 8.93%
AW15.DE
- 1D
- -1.40%
- 1M
- 2.72%
- YTD
- 8.65%
- 6M
- 7.30%
- 1Y
- 21.60%
- 3Y*
- 6.95%
- 5Y*
- 3.15%
- 10Y*
- —
SMLN.DE vs. AW15.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 15.87% | 12.69% | 12.93% | 16.15% | -11.17% | 2.18% |
AW15.DE UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc | 8.65% | 10.45% | 2.67% | 12.34% | -19.88% | 2.52% |
Correlation
The correlation between SMLN.DE and AW15.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.92 |
The correlation between SMLN.DE and AW15.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. AW15.DE — Risk / Return Rank
SMLN.DE
AW15.DE
SMLN.DE vs. AW15.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.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.
| SMLN.DE | AW15.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 1.87 | +1.12 |
| Martin ratioReturn relative to average drawdown | 9.93 | 6.07 | +3.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMLN.DE | AW15.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.11 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.19 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.15 | +0.36 |
Drawdowns
SMLN.DE vs. AW15.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, roughly equal to the maximum AW15.DE drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and AW15.DE.
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Drawdown Indicators
| SMLN.DE | AW15.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -27.14% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -11.48% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -17.61% | +2.06% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -27.14% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -1.40% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -12.19% | +6.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.55% | -0.71% |
Volatility
SMLN.DE vs. AW15.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) is 3.44%, while UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.DE) has a volatility of 4.43%. This indicates that SMLN.DE experiences smaller price fluctuations and is considered to be less risky than AW15.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLN.DE | AW15.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 4.43% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 15.05% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 19.33% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 16.47% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 16.42% | -0.20% |
SMLN.DE vs. AW15.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is higher than AW15.DE's 0.12% 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
SMLN.DE vs. AW15.DE - Dividend Comparison
Neither SMLN.DE nor AW15.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLN.DE and AW15.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW15.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW15.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for SMLN.DE.
SMLN.DE tracks JPX-Nikkei 400, while AW15.DE tracks MSCI Japan Climate Paris Aligned. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for SMLN.DE and 0.12% for AW15.DE.
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