SMLN.DE vs. EQQX.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and EQQX.DE (Invesco Nasdaq-100 Swap UCITS ETF Acc) are both exchange-traded funds - SMLN.DE is a Japan Equities fund tracking the JPX-Nikkei 400, while EQQX.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past 5 years, SMLN.DE returned 9.82%/yr vs 19.11%/yr for EQQX.DE. A 0.50 correlation means they provide meaningful diversification when combined. SMLN.DE charges 0.19%/yr vs 0.20%/yr for EQQX.DE.
Performance
SMLN.DE vs. EQQX.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 lower than EQQX.DE's 21.61% 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%
EQQX.DE
- 1D
- 0.11%
- 1M
- 10.15%
- YTD
- 21.61%
- 6M
- 20.44%
- 1Y
- 39.08%
- 3Y*
- 25.43%
- 5Y*
- 19.11%
- 10Y*
- —
SMLN.DE vs. EQQX.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% | 3.01% |
EQQX.DE Invesco Nasdaq-100 Swap UCITS ETF Acc | 21.61% | 7.13% | 33.88% | 51.62% | -29.90% | 26.11% |
Correlation
The correlation between SMLN.DE and EQQX.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.50 |
The correlation between SMLN.DE and EQQX.DE has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. EQQX.DE — Risk / Return Rank
SMLN.DE
EQQX.DE
SMLN.DE vs. EQQX.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 Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.91 | -0.92 |
| Martin ratioReturn relative to average drawdown | 9.93 | 11.64 | -1.72 |
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 | EQQX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.49 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.95 | -0.35 |
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 | 0.90 | -0.39 |
Drawdowns
SMLN.DE vs. EQQX.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, smaller than the maximum EQQX.DE drawdown of -31.17%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and EQQX.DE.
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Drawdown Indicators
| SMLN.DE | EQQX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -31.17% | +2.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.97% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -26.80% | +11.25% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -31.17% | +11.32% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -7.99% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.36% | -0.52% |
Volatility
SMLN.DE vs. EQQX.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) is 3.44%, while Invesco Nasdaq-100 Swap UCITS ETF Acc (EQQX.DE) has a volatility of 4.15%. This indicates that SMLN.DE experiences smaller price fluctuations and is considered to be less risky than EQQX.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 | EQQX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 4.15% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 10.89% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 15.75% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 19.86% | -3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 19.79% | -3.57% |
SMLN.DE vs. EQQX.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is lower than EQQX.DE's 0.20% expense ratio. Despite the difference, 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. EQQX.DE - Dividend Comparison
Neither SMLN.DE nor EQQX.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLN.DE and EQQX.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLN.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLN.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for EQQX.DE.
SMLN.DE is categorized as Japan Equities, while EQQX.DE is Nasdaq-100. SMLN.DE tracks JPX-Nikkei 400, while EQQX.DE tracks Nasdaq 100®. Their fees differ too: 0.19% for SMLN.DE and 0.20% for EQQX.DE.
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