SMLN.DE vs. EDMJ.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and EDMJ.DE (iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc) are both Japan Equities funds - SMLN.DE tracks the JPX-Nikkei 400 while EDMJ.DE tracks the MSCI Japan ESG Enhanced Focus. Both are passively managed. Over the past 5 years, SMLN.DE returned 9.82%/yr vs 9.20%/yr for EDMJ.DE. With a 0.98 correlation, they move nearly in lockstep. SMLN.DE charges 0.19%/yr vs 0.15%/yr for EDMJ.DE.
Performance
SMLN.DE vs. EDMJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SMLN.DE having a 15.87% return and EDMJ.DE slightly higher at 16.26%.
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%
EDMJ.DE
- 1D
- -0.37%
- 1M
- 5.26%
- YTD
- 16.26%
- 6M
- 16.64%
- 1Y
- 31.02%
- 3Y*
- 14.20%
- 5Y*
- 9.20%
- 10Y*
- —
SMLN.DE vs. EDMJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 15.87% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 10.59% |
EDMJ.DE iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc | 16.26% | 12.89% | 10.91% | 15.92% | -13.20% | 9.60% | 5.87% | 12.14% |
Correlation
The correlation between SMLN.DE and EDMJ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2019 | 0.98 |
The correlation between SMLN.DE and EDMJ.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. EDMJ.DE — Risk / Return Rank
SMLN.DE
EDMJ.DE
SMLN.DE vs. EDMJ.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 iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.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 | EDMJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.92 | +0.07 |
| Martin ratioReturn relative to average drawdown | 9.93 | 9.83 | +0.10 |
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 | EDMJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.61 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.55 | +0.05 |
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 | 0.54 | -0.02 |
Drawdowns
SMLN.DE vs. EDMJ.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, roughly equal to the maximum EDMJ.DE drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and EDMJ.DE.
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Drawdown Indicators
| SMLN.DE | EDMJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -27.95% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.59% | +1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -16.82% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -19.81% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.37% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -6.13% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.15% | -0.31% |
Volatility
SMLN.DE vs. EDMJ.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and iShares MSCI Japan ESG Enhanced UCITS ETF USD Acc (EDMJ.DE) have volatilities of 3.44% and 3.60%, 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.
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Volatility by Period
| SMLN.DE | EDMJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.60% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 15.23% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 19.21% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 16.61% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 17.52% | -1.30% |
SMLN.DE vs. EDMJ.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is higher than EDMJ.DE's 0.15% 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. EDMJ.DE - Dividend Comparison
Neither SMLN.DE nor EDMJ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SMLN.DE and EDMJ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EDMJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDMJ.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for SMLN.DE.
SMLN.DE tracks JPX-Nikkei 400, while EDMJ.DE tracks MSCI Japan ESG Enhanced Focus. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SMLN.DE and 0.15% for EDMJ.DE.
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