SMLN.DE vs. NS4E.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds from Invesco - SMLN.DE tracks the JPX-Nikkei 400 while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, SMLN.DE returned 8.71%/yr vs 14.19%/yr for NS4E.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.19% expense ratio.
Performance
SMLN.DE vs. NS4E.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMLN.DE achieves a 17.38% return, which is significantly lower than NS4E.DE's 19.64% return. Over the past 10 years, SMLN.DE has underperformed NS4E.DE with an annualized return of 8.71%, while NS4E.DE has yielded a comparatively higher 14.19% annualized return.
SMLN.DE
- 1D
- -0.97%
- 1M
- 0.27%
- 6M
- 10.43%
- YTD
- 17.38%
- 1Y
- 35.81%
- 3Y*
- 16.73%
- 5Y*
- 10.00%
- 10Y*
- 8.71%
NS4E.DE
- 1D
- -0.54%
- 1M
- 0.31%
- 6M
- 12.11%
- YTD
- 19.64%
- 1Y
- 47.97%
- 3Y*
- 26.70%
- 5Y*
- 20.01%
- 10Y*
- 14.19%
SMLN.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 17.38% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -10.60% | 9.59% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 19.64% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
Correlation
The correlation between SMLN.DE and NS4E.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2015 | 0.84 |
The correlation between SMLN.DE and NS4E.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMLN.DE vs. NS4E.DE — Risk / Return Rank
SMLN.DE
NS4E.DE
SMLN.DE vs. NS4E.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 JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMLN.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.98 | -1.20 |
| Martin ratioReturn relative to average drawdown | 12.64 | 17.09 | -4.45 |
Loading charts...
Drawdowns
SMLN.DE vs. NS4E.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -99.33%, which is greater than NS4E.DE's maximum drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and NS4E.DE.
Loading charts...
Drawdown Indicators
| SMLN.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -35.32% | -64.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.59% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -20.96% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -20.96% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -99.33% | -35.32% | -64.01% |
Current DrawdownCurrent decline from peak | -98.40% | -2.55% | -95.85% |
Average DrawdownAverage peak-to-trough decline | -78.05% | -8.00% | -70.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.80% | +0.02% |
Volatility
SMLN.DE vs. NS4E.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) have volatilities of 5.79% and 5.80%, 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.
Loading charts...
Volatility by Period
| SMLN.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.80% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 15.51% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 19.47% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 18.19% | -1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4,014.90% | 18.19% | +3,996.71% |
SMLN.DE vs. NS4E.DE - Expense Ratio Comparison
Both SMLN.DE and NS4E.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SMLN.DE vs. NS4E.DE - Dividend Comparison
Neither SMLN.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SMLN.DE and NS4E.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.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SMLN.DE and NS4E.DE have the same expense ratio: 0.19% per year.
SMLN.DE tracks JPX-Nikkei 400, while NS4E.DE tracks JPX-Nikkei Index 400.
Find the right allocation for SMLN.DE and NS4E.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer