XCJD.DE vs. NS4E.DE
XCJD.DE (Xtrackers MSCI Japan Climate Transition UCITS ETF) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - XCJD.DE tracks the MSCI Japan Select Sustainability Screened CTB while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 3 years, XCJD.DE returned 13.64%/yr vs 25.18%/yr for NS4E.DE. A 0.78 correlation means they provide meaningful diversification when combined. XCJD.DE charges 0.15%/yr vs 0.19%/yr for NS4E.DE.
Performance
XCJD.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCJD.DE achieves a 19.48% return, which is significantly higher than NS4E.DE's 17.06% return.
XCJD.DE
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 13.22%
- YTD
- 19.48%
- 1Y
- 33.98%
- 3Y*
- 13.64%
- 5Y*
- —
- 10Y*
- —
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%
XCJD.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 19.48% | 10.38% | 7.06% | -0.50% |
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 17.06% | 27.33% | 22.81% | 26.94% |
Correlation
The correlation between XCJD.DE and NS4E.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2023 | 0.78 |
The correlation between XCJD.DE and NS4E.DE has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.
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Return for Risk
XCJD.DE vs. NS4E.DE — Risk / Return Rank
XCJD.DE
NS4E.DE
XCJD.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.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.
| XCJD.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.40 | -2.24 |
| Martin ratioReturn relative to average drawdown | 4.39 | 15.01 | -10.61 |
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Drawdowns
XCJD.DE vs. NS4E.DE - Drawdown Comparison
The maximum XCJD.DE drawdown since its inception was -16.48%, smaller than the maximum NS4E.DE drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for XCJD.DE and NS4E.DE.
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Drawdown Indicators
| XCJD.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.48% | -35.32% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -15.78% | -9.59% | -6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.48% | -20.96% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -2.20% | -4.65% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -8.00% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 2.81% | +4.92% |
Volatility
XCJD.DE vs. NS4E.DE - Volatility Comparison
Xtrackers MSCI Japan Climate Transition UCITS ETF (XCJD.DE) and Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) have volatilities of 6.04% and 6.07%, 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
| XCJD.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 6.07% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 15.68% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.56% | 19.57% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 18.21% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 18.20% | +2.28% |
XCJD.DE vs. NS4E.DE - Expense Ratio Comparison
XCJD.DE has a 0.15% expense ratio, which is lower than NS4E.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
XCJD.DE vs. NS4E.DE - Dividend Comparison
XCJD.DE's dividend yield for the trailing twelve months is around 1.35%, while NS4E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NS4E.DE Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) | 0.00% | 0.00% | 0.00% | 0.00% |
XCJD.DE Xtrackers MSCI Japan Climate Transition UCITS ETF | 1.35% | 1.55% | 2.21% | 2.27% |
Frequently Asked Questions
XCJD.DE and NS4E.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCJD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCJD.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for NS4E.DE.
XCJD.DE tracks MSCI Japan Select Sustainability Screened CTB, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.15% for XCJD.DE and 0.19% for NS4E.DE.
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