SXR5.DE vs. SMLN.DE
SXR5.DE (iShares MSCI Japan UCITS ETF USD (Acc)) and SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) are both Japan Equities funds - SXR5.DE tracks the MSCI Japan while SMLN.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, SXR5.DE returned 9.05%/yr vs 8.93%/yr for SMLN.DE. With a 0.99 correlation, they move nearly in lockstep. SXR5.DE charges 0.12%/yr vs 0.19%/yr for SMLN.DE.
Performance
SXR5.DE vs. SMLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR5.DE achieves a 16.96% return, which is significantly higher than SMLN.DE's 15.87% return. Both investments have delivered pretty close results over the past 10 years, with SXR5.DE having a 9.05% annualized return and SMLN.DE not far behind at 8.93%.
SXR5.DE
- 1D
- -0.36%
- 1M
- 6.13%
- YTD
- 16.96%
- 6M
- 16.92%
- 1Y
- 30.95%
- 3Y*
- 15.53%
- 5Y*
- 9.94%
- 10Y*
- 9.05%
SMLN.DE
- 1D
- -0.49%
- 1M
- 4.75%
- YTD
- 15.87%
- 6M
- 15.93%
- 1Y
- 28.29%
- 3Y*
- 14.96%
- 5Y*
- 9.82%
- 10Y*
- 8.93%
SXR5.DE vs. SMLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc) | 16.96% | 12.72% | 13.72% | 16.13% | -12.71% | 9.55% | 4.95% | 22.00% | -9.97% | 8.96% |
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% |
Correlation
The correlation between SXR5.DE and SMLN.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2014 | 0.99 |
The correlation between SXR5.DE and SMLN.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SXR5.DE vs. SMLN.DE — Risk / Return Rank
SXR5.DE
SMLN.DE
SXR5.DE vs. SMLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) and Invesco JPX-Nikkei 400 UCITS ETF (SMLN.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.
| SXR5.DE | SMLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.99 | +0.05 |
| Martin ratioReturn relative to average drawdown | 9.81 | 9.93 | -0.12 |
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
| SXR5.DE | SMLN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.56 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.60 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.55 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.51 | -0.04 |
Drawdowns
SXR5.DE vs. SMLN.DE - Drawdown Comparison
The maximum SXR5.DE drawdown since its inception was -28.03%, roughly equal to the maximum SMLN.DE drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for SXR5.DE and SMLN.DE.
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Drawdown Indicators
| SXR5.DE | SMLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -28.42% | +0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -9.43% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -15.55% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -19.30% | -19.85% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | -28.42% | +0.39% |
Current DrawdownCurrent decline from peak | -0.36% | -0.49% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -6.03% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.84% | +0.31% |
Volatility
SXR5.DE vs. SMLN.DE - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) has a higher volatility of 3.67% compared to Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) at 3.44%. This indicates that SXR5.DE's price experiences larger fluctuations and is considered to be riskier than SMLN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR5.DE | SMLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.44% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.22% | 14.75% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 18.07% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 16.12% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 16.22% | +0.19% |
SXR5.DE vs. SMLN.DE - Expense Ratio Comparison
SXR5.DE has a 0.12% expense ratio, which is lower than SMLN.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SXR5.DE vs. SMLN.DE - Dividend Comparison
Neither SXR5.DE nor SMLN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SXR5.DE and SMLN.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, SXR5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR5.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for SMLN.DE.
SXR5.DE tracks MSCI Japan, while SMLN.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for SXR5.DE and 0.19% for SMLN.DE.
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