SMLN.DE vs. ETLR.DE
Compare and contrast key facts about Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and L&G Japan Equity UCITS ETF (ETLR.DE).
SMLN.DE and ETLR.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLN.DE is a passively managed fund by Invesco that tracks the performance of the JPX-Nikkei 400. It was launched on Sep 10, 2014. ETLR.DE is a passively managed fund by Legal & General that tracks the performance of the Solactive Core Japan Large & Mid Cap. It was launched on Oct 8, 2018. Both SMLN.DE and ETLR.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMLN.DE vs. ETLR.DE - Performance Comparison
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SMLN.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 9.46% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 16.49% |
ETLR.DE L&G Japan Equity UCITS ETF | 7.66% | 12.36% | 14.84% | 16.06% | -11.99% | 10.00% | 5.41% | 16.57% |
Returns By Period
In the year-to-date period, SMLN.DE achieves a 9.46% return, which is significantly higher than ETLR.DE's 7.66% return.
SMLN.DE
- 1D
- 4.57%
- 1M
- -2.37%
- YTD
- 9.46%
- 6M
- 14.53%
- 1Y
- 24.66%
- 3Y*
- 15.24%
- 5Y*
- 7.99%
- 10Y*
- 8.97%
ETLR.DE
- 1D
- 4.90%
- 1M
- -2.53%
- YTD
- 7.66%
- 6M
- 12.76%
- 1Y
- 23.54%
- 3Y*
- 15.18%
- 5Y*
- 7.97%
- 10Y*
- —
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SMLN.DE vs. ETLR.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is higher than ETLR.DE's 0.10% 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%.
Return for Risk
SMLN.DE vs. ETLR.DE — Risk / Return Rank
SMLN.DE
ETLR.DE
SMLN.DE vs. ETLR.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 L&G Japan Equity UCITS ETF (ETLR.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 | ETLR.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 1.17 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.81 | 1.72 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.39 | +0.36 |
Martin ratioReturn relative to average drawdown | 9.23 | 8.08 | +1.14 |
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 | ETLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.17 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.49 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.56 | -0.07 |
Correlation
The correlation between SMLN.DE and ETLR.DE is 0.97, 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.
Dividends
SMLN.DE vs. ETLR.DE - Dividend Comparison
Neither SMLN.DE nor ETLR.DE has paid dividends to shareholders.
Drawdowns
SMLN.DE vs. ETLR.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, roughly equal to the maximum ETLR.DE drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and ETLR.DE.
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Drawdown Indicators
| SMLN.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -27.67% | -0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -10.40% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -18.73% | -1.12% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -4.28% | -5.16% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -5.50% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 3.07% | -0.26% |
Volatility
SMLN.DE vs. ETLR.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and L&G Japan Equity UCITS ETF (ETLR.DE) have volatilities of 8.70% and 8.56%, 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 | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 8.56% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 14.19% | 14.30% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.65% | 20.10% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 16.19% | -0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.26% | 16.79% | -0.53% |