36B4.DE vs. JNHD.DE
36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) and JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels while JNHD.DE tracks the MSCI Japan Index (EUR Hedged). Both are passively managed. Over the past 5 years, 36B4.DE returned 4.99%/yr vs 19.63%/yr for JNHD.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
36B4.DE vs. JNHD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 36B4.DE achieves a 9.48% return, which is significantly lower than JNHD.DE's 20.87% return.
36B4.DE
- 1D
- -1.25%
- 1M
- 5.00%
- 6M
- 5.52%
- YTD
- 9.48%
- 1Y
- 22.17%
- 3Y*
- 9.80%
- 5Y*
- 4.99%
- 10Y*
- —
JNHD.DE
- 1D
- -1.07%
- 1M
- 0.64%
- 6M
- 13.68%
- YTD
- 20.87%
- 1Y
- 49.88%
- 3Y*
- 27.17%
- 5Y*
- 19.63%
- 10Y*
- —
36B4.DE vs. JNHD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 9.48% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 12.50% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 20.87% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 12.61% |
Correlation
The correlation between 36B4.DE and JNHD.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.76 |
The correlation between 36B4.DE and JNHD.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
36B4.DE vs. JNHD.DE — Risk / Return Rank
36B4.DE
JNHD.DE
36B4.DE vs. JNHD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) and Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.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.
| 36B4.DE | JNHD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 5.16 | -3.12 |
| Martin ratioReturn relative to average drawdown | 5.90 | 17.07 | -11.17 |
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Drawdowns
36B4.DE vs. JNHD.DE - Drawdown Comparison
The maximum 36B4.DE drawdown since its inception was -26.98%, which is greater than JNHD.DE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for 36B4.DE and JNHD.DE.
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Drawdown Indicators
| 36B4.DE | JNHD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -21.83% | -5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -9.62% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -21.83% | +6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -21.83% | +0.26% |
Current DrawdownCurrent decline from peak | -1.25% | -3.25% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -4.16% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.91% | +0.84% |
Volatility
36B4.DE vs. JNHD.DE - Volatility Comparison
The current volatility for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) is 5.12%, while Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) has a volatility of 6.77%. This indicates that 36B4.DE experiences smaller price fluctuations and is considered to be less risky than JNHD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 36B4.DE | JNHD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 6.77% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 16.28% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 20.83% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 18.86% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 18.39% | -1.13% |
36B4.DE vs. JNHD.DE - Expense Ratio Comparison
Both 36B4.DE and JNHD.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
36B4.DE vs. JNHD.DE - Dividend Comparison
36B4.DE's dividend yield for the trailing twelve months is around 1.47%, less than JNHD.DE's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.47% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 1.50% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% | 0.00% |
Frequently Asked Questions
36B4.DE and JNHD.DE have a correlation of 0.78, 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 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
36B4.DE and JNHD.DE have the same expense ratio: 0.20% per year.
36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels, while JNHD.DE tracks MSCI Japan Index (EUR Hedged). They also come from different issuers: iShares and Amundi.
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