XZMJ.DE vs. NS4E.DE
XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) and NS4E.DE (Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg)) are both Japan Equities funds - XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders while NS4E.DE tracks the JPX-Nikkei Index 400. Both are passively managed. Over the past 5 years, XZMJ.DE returned 8.04%/yr vs 19.49%/yr for NS4E.DE. Their correlation of 0.81 suggests significant overlap in exposure. XZMJ.DE charges 0.20%/yr vs 0.19%/yr for NS4E.DE.
Performance
XZMJ.DE vs. NS4E.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZMJ.DE achieves a 13.09% return, which is significantly lower than NS4E.DE's 17.06% return.
XZMJ.DE
- 1D
- -2.48%
- 1M
- -3.92%
- 6M
- 7.93%
- YTD
- 13.09%
- 1Y
- 29.07%
- 3Y*
- 15.04%
- 5Y*
- 8.04%
- 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%
XZMJ.DE vs. NS4E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C | 13.09% | 10.86% | 16.16% | 14.57% | -16.10% | 7.03% | 9.17% | 26.79% | -26.96% |
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% | -14.76% |
Correlation
The correlation between XZMJ.DE and NS4E.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2018 | 0.81 |
The correlation between XZMJ.DE and NS4E.DE has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
XZMJ.DE vs. NS4E.DE — Risk / Return Rank
XZMJ.DE
NS4E.DE
XZMJ.DE vs. NS4E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.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.
| XZMJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 4.40 | -2.10 |
| Martin ratioReturn relative to average drawdown | 7.46 | 15.01 | -7.55 |
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Drawdowns
XZMJ.DE vs. NS4E.DE - Drawdown Comparison
The maximum XZMJ.DE drawdown since its inception was -30.29%, smaller than the maximum NS4E.DE drawdown of -35.32%. Use the drawdown chart below to compare losses from any high point for XZMJ.DE and NS4E.DE.
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Drawdown Indicators
| XZMJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.29% | -35.32% | +5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.62% | -9.59% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -20.96% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -20.96% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -6.88% | -4.65% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -8.00% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.81% | +1.08% |
Volatility
XZMJ.DE vs. NS4E.DE - Volatility Comparison
Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) has a higher volatility of 6.75% compared to Invesco JPX-Nikkei 400 UCITS ETF (EUR Hdg) (NS4E.DE) at 6.07%. This indicates that XZMJ.DE's price experiences larger fluctuations and is considered to be riskier 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
| XZMJ.DE | NS4E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 6.07% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 17.79% | 15.68% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 19.57% | +2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 18.21% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 18.20% | +1.79% |
XZMJ.DE vs. NS4E.DE - Expense Ratio Comparison
XZMJ.DE has a 0.20% expense ratio, which is higher than NS4E.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
XZMJ.DE vs. NS4E.DE - Dividend Comparison
Neither XZMJ.DE nor NS4E.DE has paid dividends to shareholders.
Frequently Asked Questions
XZMJ.DE and NS4E.DE have a correlation of 0.88, 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 0.20% for XZMJ.DE.
XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders, while NS4E.DE tracks JPX-Nikkei Index 400. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XZMJ.DE and 0.19% for NS4E.DE.
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