XDNE.DE vs. SMLN.DE
XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) and SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) are both Japan Equities funds - XDNE.DE tracks the MSCI Japan Select Screened Index (EUR Hedged) while SMLN.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, XDNE.DE returned 14.58%/yr vs 9.18%/yr for SMLN.DE. Their correlation of 0.83 suggests significant overlap in exposure. XDNE.DE charges 0.25%/yr vs 0.19%/yr for SMLN.DE.
Performance
XDNE.DE vs. SMLN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDNE.DE achieves a 21.20% return, which is significantly higher than SMLN.DE's 19.62% return. Over the past 10 years, XDNE.DE has outperformed SMLN.DE with an annualized return of 14.58%, while SMLN.DE has yielded a comparatively lower 9.18% annualized return.
XDNE.DE
- 1D
- 1.85%
- 1M
- 2.84%
- 6M
- 20.84%
- YTD
- 21.20%
- 1Y
- 47.69%
- 3Y*
- 25.07%
- 5Y*
- 19.01%
- 10Y*
- 14.58%
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%
XDNE.DE vs. SMLN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 21.20% | 25.99% | 21.86% | 32.65% | -6.33% | 11.20% | 6.98% | 17.57% | -17.40% | 19.33% |
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 19.62% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -10.60% | 9.59% |
Correlation
The correlation between XDNE.DE and SMLN.DE is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015 | 0.83 |
The correlation between XDNE.DE and SMLN.DE has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
XDNE.DE vs. SMLN.DE — Risk / Return Rank
XDNE.DE
SMLN.DE
XDNE.DE vs. SMLN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.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.
| XDNE.DE | SMLN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 3.60 | +1.17 |
| Martin ratioReturn relative to average drawdown | 16.39 | 12.11 | +4.28 |
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Drawdowns
XDNE.DE vs. SMLN.DE - Drawdown Comparison
The maximum XDNE.DE drawdown since its inception was -35.20%, smaller than the maximum SMLN.DE drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for XDNE.DE and SMLN.DE.
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Drawdown Indicators
| XDNE.DE | SMLN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.20% | -99.33% | +64.13% |
Max Drawdown (1Y)Largest decline over 1 year | -9.96% | -9.43% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -15.55% | -6.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -19.85% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.20% | -99.33% | +64.13% |
Current DrawdownCurrent decline from peak | -2.41% | -98.37% | +95.96% |
Average DrawdownAverage peak-to-trough decline | -8.29% | -77.99% | +69.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.79% | +0.11% |
Volatility
XDNE.DE vs. SMLN.DE - Volatility Comparison
Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a higher volatility of 7.30% compared to Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) at 5.52%. This indicates that XDNE.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
| XDNE.DE | SMLN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 5.52% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.31% | 15.27% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.60% | 18.50% | +2.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 16.24% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 4,014.90% | -3,996.37% |
XDNE.DE vs. SMLN.DE - Expense Ratio Comparison
XDNE.DE has a 0.25% expense ratio, which is higher than SMLN.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XDNE.DE vs. SMLN.DE - Dividend Comparison
Neither XDNE.DE nor SMLN.DE has paid dividends to shareholders.
Frequently Asked Questions
XDNE.DE and SMLN.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLN.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLN.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for XDNE.DE.
XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged), while SMLN.DE tracks JPX-Nikkei 400. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.25% for XDNE.DE and 0.19% for SMLN.DE.
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