SMLN.DE vs. IQQJ.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and IQQJ.DE (iShares MSCI Japan UCITS ETF (Dist)) are both Japan Equities funds - SMLN.DE tracks the JPX-Nikkei 400 while IQQJ.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, SMLN.DE returned 8.93%/yr vs 8.94%/yr for IQQJ.DE. With a 0.98 correlation, they move nearly in lockstep. SMLN.DE charges 0.19%/yr vs 0.12%/yr for IQQJ.DE.
Performance
SMLN.DE vs. IQQJ.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 IQQJ.DE's 16.83% return. Both investments have delivered pretty close results over the past 10 years, with SMLN.DE having a 8.93% annualized return and IQQJ.DE not far ahead at 8.94%.
SMLN.DE
- 1D
- -0.49%
- 1M
- 2.39%
- YTD
- 15.87%
- 6M
- 15.98%
- 1Y
- 29.39%
- 3Y*
- 14.96%
- 5Y*
- 9.82%
- 10Y*
- 8.93%
IQQJ.DE
- 1D
- -14.69%
- 1M
- 3.60%
- YTD
- 16.83%
- 6M
- 16.82%
- 1Y
- 31.71%
- 3Y*
- 15.45%
- 5Y*
- 9.84%
- 10Y*
- 8.94%
SMLN.DE vs. IQQJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 15.87% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -10.60% | 9.59% |
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 12.69% | 13.58% | 16.03% | -12.77% | 9.53% | 4.77% | 21.88% | -10.11% | 8.81% |
Correlation
The correlation between SMLN.DE and IQQJ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2014 | 0.98 |
The correlation between SMLN.DE and IQQJ.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. IQQJ.DE — Risk / Return Rank
SMLN.DE
IQQJ.DE
SMLN.DE vs. IQQJ.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 UCITS ETF (Dist) (IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.07 | +0.92 |
| Martin ratioReturn relative to average drawdown | 9.93 | 9.16 | +0.76 |
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 | IQQJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 0.87 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.46 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.47 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.28 | +0.23 |
Drawdowns
SMLN.DE vs. IQQJ.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, smaller than the maximum IQQJ.DE drawdown of -54.99%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and IQQJ.DE.
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Drawdown Indicators
| SMLN.DE | IQQJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -54.99% | +26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -14.69% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -16.72% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -19.40% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | -28.02% | -0.40% |
Current DrawdownCurrent decline from peak | -0.49% | -14.69% | +14.20% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -16.84% | +10.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.33% | -0.49% |
Volatility
SMLN.DE vs. IQQJ.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) is 3.44%, while iShares MSCI Japan UCITS ETF (Dist) (IQQJ.DE) has a volatility of 30.30%. This indicates that SMLN.DE experiences smaller price fluctuations and is considered to be less risky than IQQJ.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 | IQQJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 30.30% | -26.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 33.04% | -18.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 34.82% | -16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 21.13% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 18.82% | -2.60% |
SMLN.DE vs. IQQJ.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is higher than IQQJ.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. IQQJ.DE - Dividend Comparison
SMLN.DE has not paid dividends to shareholders, while IQQJ.DE's dividend yield for the trailing twelve months is around 1.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQJ.DE iShares MSCI Japan UCITS ETF (Dist) | 1.52% | 1.79% | 1.48% | 1.42% | 1.76% | 1.16% | 1.40% | 1.41% | 1.44% | 1.23% | 1.21% | 0.57% |
SMLN.DE 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% |
Frequently Asked Questions
With a correlation of 0.94, SMLN.DE and IQQJ.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, IQQJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for SMLN.DE.
SMLN.DE tracks JPX-Nikkei 400, while IQQJ.DE tracks MSCI Japan. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for SMLN.DE and 0.12% for IQQJ.DE.
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