WTIZ.DE vs. NS4E.DE
WTIZ.DE (WisdomTree Japan Equity UCITS ETF JPY Acc) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - WTIZ.DE tracks the WisdomTree Japan Equity while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 10 years, WTIZ.DE returned 10.53%/yr vs 13.98%/yr for NS4E.DE. A 0.80 correlation means they provide meaningful diversification when combined. WTIZ.DE charges 0.40%/yr vs 0.19%/yr for NS4E.DE.
Performance
WTIZ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with WTIZ.DE having a 16.57% return and NS4E.DE slightly higher at 17.06%. Over the past 10 years, WTIZ.DE has underperformed NS4E.DE with an annualized return of 10.53%, while NS4E.DE has yielded a comparatively higher 13.98% annualized return.
WTIZ.DE
- 1D
- -2.34%
- 1M
- -2.86%
- 6M
- 7.92%
- YTD
- 16.57%
- 1Y
- 35.34%
- 3Y*
- 18.78%
- 5Y*
- 14.06%
- 10Y*
- 10.53%
NS4E.DE
- 1D
- -2.16%
- 1M
- -2.98%
- 6M
- 9.96%
- YTD
- 17.06%
- 1Y
- 42.35%
- 3Y*
- 25.18%
- 5Y*
- 19.49%
- 10Y*
- 13.98%
WTIZ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTIZ.DE WisdomTree Japan Equity UCITS ETF JPY Acc | 16.57% | 15.18% | 17.99% | 21.50% | -4.75% | 14.56% | -1.18% | 20.19% | -14.99% | 10.63% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 33.35% | -4.26% | 10.90% | 7.50% | 17.31% | -17.52% | 19.58% |
Correlation
The correlation between WTIZ.DE and NS4E.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2015 | 0.80 |
The correlation between WTIZ.DE and NS4E.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
WTIZ.DE vs. NS4E.DE — Risk / Return Rank
WTIZ.DE
NS4E.DE
WTIZ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF JPY Acc (WTIZ.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.
| WTIZ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.39 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 4.40 | -1.05 |
| Martin ratioReturn relative to average drawdown | 10.80 | 15.01 | -4.21 |
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Drawdowns
WTIZ.DE vs. NS4E.DE - Drawdown Comparison
The maximum WTIZ.DE drawdown since its inception was -30.64%, smaller than the maximum NS4E.DE drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for WTIZ.DE and NS4E.DE.
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Drawdown Indicators
| WTIZ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.64% | -35.32% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.59% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -20.96% | +3.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -20.96% | +3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -30.64% | -35.32% | +4.68% |
Current DrawdownCurrent decline from peak | -5.02% | -4.65% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -8.00% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.81% | +0.45% |
Volatility
WTIZ.DE vs. NS4E.DE - Volatility Comparison
The current volatility for WisdomTree Japan Equity UCITS ETF JPY Acc (WTIZ.DE) is 5.59%, while Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) has a volatility of 6.07%. This indicates that WTIZ.DE experiences smaller price fluctuations and is considered to be less risky than NS4E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTIZ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.59% | 6.07% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.90% | 15.68% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 19.57% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 18.21% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.11% | 18.20% | -0.09% |
WTIZ.DE vs. NS4E.DE - Expense Ratio Comparison
WTIZ.DE has a 0.40% expense ratio, which is higher than NS4E.DE's 0.19% expense ratio.
Dividends
WTIZ.DE vs. NS4E.DE - Dividend Comparison
Neither WTIZ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
WTIZ.DE and NS4E.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NS4E.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NS4E.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for WTIZ.DE.
WTIZ.DE tracks WisdomTree Japan Equity, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.40% for WTIZ.DE and 0.19% for NS4E.DE.
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