36B4.DE vs. JPNE.DE
36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) and JPNE.DE (Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist)) are both Japan Equities funds - 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels while JPNE.DE tracks the MSCI Japan SRI Filtered PAB Index (EUR Hedged). Both are passively managed. Over the past 5 years, 36B4.DE returned 4.99%/yr vs 11.26%/yr for JPNE.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
36B4.DE vs. JPNE.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 JPNE.DE's 11.40% 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*
- —
JPNE.DE
- 1D
- -1.45%
- 1M
- 4.77%
- 6M
- 6.54%
- YTD
- 11.40%
- 1Y
- 31.80%
- 3Y*
- 14.47%
- 5Y*
- 11.26%
- 10Y*
- —
36B4.DE vs. JPNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 9.48% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 7.86% |
JPNE.DE Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) | 11.40% | 19.27% | 10.65% | 22.81% | -10.54% | 11.39% | 6.72% | 8.16% |
Correlation
The correlation between 36B4.DE and JPNE.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | 0.70 |
The correlation between 36B4.DE and JPNE.DE shifts across timeframes, from 0.70 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
36B4.DE vs. JPNE.DE — Risk / Return Rank
36B4.DE
JPNE.DE
36B4.DE vs. JPNE.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 MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) (JPNE.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 | JPNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.23 | -1.19 |
| Martin ratioReturn relative to average drawdown | 5.90 | 10.16 | -4.26 |
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Drawdowns
36B4.DE vs. JPNE.DE - Drawdown Comparison
The maximum 36B4.DE drawdown since its inception was -26.98%, which is greater than JPNE.DE's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for 36B4.DE and JPNE.DE.
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Drawdown Indicators
| 36B4.DE | JPNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.98% | -18.29% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -9.80% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -15.67% | -17.75% | +2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -18.06% | -3.51% |
Current DrawdownCurrent decline from peak | -1.25% | -1.45% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -5.33% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 3.12% | +0.63% |
Volatility
36B4.DE vs. JPNE.DE - Volatility Comparison
The current volatility for iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) is 5.12%, while Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) (JPNE.DE) has a volatility of 5.71%. This indicates that 36B4.DE experiences smaller price fluctuations and is considered to be less risky than JPNE.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 | JPNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 5.71% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 14.17% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 18.67% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 17.48% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 17.35% | -0.09% |
36B4.DE vs. JPNE.DE - Expense Ratio Comparison
Both 36B4.DE and JPNE.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. JPNE.DE - Dividend Comparison
36B4.DE's dividend yield for the trailing twelve months is around 1.47%, more than JPNE.DE's 1.23% 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% |
JPNE.DE Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) | 1.23% | 1.37% | 1.37% | 1.34% | 1.62% | 1.92% | 1.88% | 0.93% |
Frequently Asked Questions
With a correlation of 0.90, 36B4.DE and JPNE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 JPNE.DE have the same expense ratio: 0.20% per year.
36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels, while JPNE.DE tracks MSCI Japan SRI Filtered PAB Index (EUR Hedged). They also come from different issuers: iShares and Amundi.
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