SMLN.DE vs. IQSA.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - SMLN.DE is a Japan Equities fund tracking the JPX-Nikkei 400, while IQSA.DE is a Global Equities fund actively managed by Invesco. SMLN.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, SMLN.DE returned 9.82%/yr vs 15.45%/yr for IQSA.DE. A 0.66 correlation means they provide meaningful diversification when combined. SMLN.DE charges 0.19%/yr vs 0.30%/yr for IQSA.DE.
Performance
SMLN.DE vs. IQSA.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 IQSA.DE's 14.81% return.
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%
IQSA.DE
- 1D
- -0.11%
- 1M
- 4.49%
- YTD
- 14.81%
- 6M
- 16.12%
- 1Y
- 28.39%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
SMLN.DE vs. IQSA.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% | 14.33% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 13.13% |
Correlation
The correlation between SMLN.DE and IQSA.DE is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.66 |
The correlation between SMLN.DE and IQSA.DE has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. IQSA.DE — Risk / Return Rank
SMLN.DE
IQSA.DE
SMLN.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 4.60 | -1.61 |
| Martin ratioReturn relative to average drawdown | 9.93 | 18.23 | -8.31 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.34 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.04 | -0.44 |
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 | 0.94 | -0.43 |
Drawdowns
SMLN.DE vs. IQSA.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, smaller than the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and IQSA.DE.
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Drawdown Indicators
| SMLN.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -34.11% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -6.20% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -21.35% | +5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -21.35% | +1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.33% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -4.38% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 1.57% | +1.27% |
Volatility
SMLN.DE vs. IQSA.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) have volatilities of 3.44% and 3.32%, 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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.32% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 8.85% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 12.17% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 14.71% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 16.74% | -0.52% |
SMLN.DE vs. IQSA.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
SMLN.DE vs. IQSA.DE - Dividend Comparison
Neither SMLN.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLN.DE and IQSA.DE have a correlation of 0.62, 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 0.30% for IQSA.DE.
SMLN.DE is categorized as Japan Equities, while IQSA.DE is Global Equities. Their fees differ too: 0.19% for SMLN.DE and 0.30% for IQSA.DE.
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