SMLN.DE vs. XDJE.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - SMLN.DE tracks the JPX-Nikkei 400 while XDJE.DE tracks the Nikkei 225 Index (EUR Hedged). Both are passively managed. Over the past 5 years, SMLN.DE returned 10.00%/yr vs 22.25%/yr for XDJE.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.19% expense ratio.
Performance
SMLN.DE vs. XDJE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLN.DE achieves a 17.38% return, which is significantly lower than XDJE.DE's 32.99% 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%
XDJE.DE
- 1D
- -1.59%
- 1M
- -4.12%
- 6M
- 23.93%
- YTD
- 32.99%
- 1Y
- 73.26%
- 3Y*
- 31.61%
- 5Y*
- 22.25%
- 10Y*
- —
SMLN.DE vs. XDJE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 17.38% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -6.86% |
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 32.99% | 30.93% | 23.55% | 35.26% | -9.02% | 5.24% | 16.17% | 16.86% | -7.63% |
Correlation
The correlation between SMLN.DE and XDJE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.76 |
The correlation between SMLN.DE and XDJE.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
SMLN.DE vs. XDJE.DE — Risk / Return Rank
SMLN.DE
XDJE.DE
SMLN.DE vs. XDJE.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 Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.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 | XDJE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.44 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 5.71 | -1.92 |
| Martin ratioReturn relative to average drawdown | 12.64 | 17.44 | -4.80 |
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Drawdowns
SMLN.DE vs. XDJE.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -99.33%, which is greater than XDJE.DE's maximum drawdown of -32.45%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and XDJE.DE.
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Drawdown Indicators
| SMLN.DE | XDJE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -32.45% | -66.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -12.77% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -22.87% | +7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -22.87% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -99.33% | — | — |
Current DrawdownCurrent decline from peak | -98.40% | -8.73% | -89.67% |
Average DrawdownAverage peak-to-trough decline | -78.05% | -6.08% | -71.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.19% | -1.37% |
Volatility
SMLN.DE vs. XDJE.DE - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) is 5.79%, while Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a volatility of 9.68%. This indicates that SMLN.DE experiences smaller price fluctuations and is considered to be less risky than XDJE.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 | XDJE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 9.68% | -3.89% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 21.20% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 26.73% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 21.17% | -4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4,014.90% | 22.04% | +3,992.86% |
SMLN.DE vs. XDJE.DE - Expense Ratio Comparison
Both SMLN.DE and XDJE.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. XDJE.DE - Dividend Comparison
SMLN.DE has not paid dividends to shareholders, while XDJE.DE's dividend yield for the trailing twelve months is around 0.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 0.82% | 1.11% | 1.21% | 1.32% | 2.27% | 1.08% | 1.00% |
Frequently Asked Questions
SMLN.DE and XDJE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 XDJE.DE have the same expense ratio: 0.19% per year.
SMLN.DE tracks JPX-Nikkei 400, while XDJE.DE tracks Nikkei 225 Index (EUR Hedged). They also come from different issuers: Invesco and Xtrackers.
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