XDJE.DE vs. SMLN.DE
XDJE.DE (Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist)) and SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) are both Japan Equities funds - XDJE.DE tracks the Nikkei 225 Index (EUR Hedged) while SMLN.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, XDJE.DE returned 22.73%/yr vs 10.46%/yr for SMLN.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.19% expense ratio.
Performance
XDJE.DE vs. SMLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDJE.DE achieves a 39.34% return, which is significantly higher than SMLN.DE's 19.62% return.
XDJE.DE
- 1D
- 1.66%
- 1M
- 2.25%
- 6M
- 38.79%
- YTD
- 39.34%
- 1Y
- 77.62%
- 3Y*
- 32.58%
- 5Y*
- 22.73%
- 10Y*
- —
SMLN.DE
- 1D
- 0.50%
- 1M
- 2.73%
- 6M
- 19.74%
- YTD
- 19.62%
- 1Y
- 34.04%
- 3Y*
- 16.73%
- 5Y*
- 10.46%
- 10Y*
- 9.18%
XDJE.DE vs. SMLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XDJE.DE Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) | 39.34% | 30.93% | 23.55% | 35.26% | -9.02% | 5.24% | 16.17% | 16.86% | -7.63% |
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 19.62% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -6.86% |
Correlation
The correlation between XDJE.DE and SMLN.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
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 XDJE.DE and SMLN.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.
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Return for Risk
XDJE.DE vs. SMLN.DE — Risk / Return Rank
XDJE.DE
SMLN.DE
XDJE.DE vs. SMLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.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.
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.
| XDJE.DE | SMLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.35 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.05 | 3.60 | +2.45 |
| Martin ratioReturn relative to average drawdown | 19.40 | 12.11 | +7.29 |
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Drawdowns
XDJE.DE vs. SMLN.DE - Drawdown Comparison
The maximum XDJE.DE drawdown since its inception was -32.45%, smaller than the maximum SMLN.DE drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for XDJE.DE and SMLN.DE.
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Drawdown Indicators
| XDJE.DE | SMLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -99.33% | +66.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.77% | -9.43% | -3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -15.55% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.87% | -19.85% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.33% | — |
Current DrawdownCurrent decline from peak | -4.38% | -98.37% | +93.99% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -77.99% | +71.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 2.79% | +1.20% |
Volatility
XDJE.DE vs. SMLN.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF EUR Hedged (Dist) (XDJE.DE) has a higher volatility of 10.10% compared to Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) at 5.52%. This indicates that XDJE.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
| XDJE.DE | SMLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 5.52% | +4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 20.83% | 15.27% | +5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.12% | 18.50% | +7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 16.24% | +4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.00% | 4,014.90% | -3,992.90% |
XDJE.DE vs. SMLN.DE - Expense Ratio Comparison
Both XDJE.DE and SMLN.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
XDJE.DE vs. SMLN.DE - Dividend Comparison
XDJE.DE's dividend yield for the trailing twelve months is around 0.79%, while SMLN.DE has not paid dividends to shareholders.
| 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) | 0.79% | 1.11% | 1.21% | 1.32% | 2.27% | 1.08% | 1.00% |
Frequently Asked Questions
XDJE.DE and SMLN.DE have a correlation of 0.79, 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.
XDJE.DE and SMLN.DE have the same expense ratio: 0.19% per year.
XDJE.DE tracks Nikkei 225 Index (EUR Hedged), while SMLN.DE tracks JPX-Nikkei 400. They also come from different issuers: Xtrackers and Invesco.
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