3JPN.DE vs. JP40.DE
3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds. 3JPN.DE is actively managed, while JP40.DE is passively managed. Over the past 3 years, 3JPN.DE returned 18.95%/yr vs 15.18%/yr for JP40.DE. Their correlation of 0.85 suggests significant overlap in exposure. 3JPN.DE charges 0.75%/yr vs 0.18%/yr for JP40.DE.
Performance
3JPN.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3JPN.DE achieves a 30.11% return, which is significantly higher than JP40.DE's 14.91% return.
3JPN.DE
- 1D
- 0.00%
- 1M
- -10.71%
- 6M
- 10.77%
- YTD
- 30.11%
- 1Y
- 74.74%
- 3Y*
- 18.95%
- 5Y*
- —
- 10Y*
- —
JP40.DE
- 1D
- -2.36%
- 1M
- -3.13%
- 6M
- 7.76%
- YTD
- 14.91%
- 1Y
- 30.12%
- 3Y*
- 15.18%
- 5Y*
- 9.55%
- 10Y*
- 8.48%
3JPN.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 30.11% | 27.74% | 0.10% | 34.83% | -6.43% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 14.91% | 12.78% | 13.18% | 15.77% | -1.60% |
Correlation
The correlation between 3JPN.DE and JP40.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2022 | 0.85 |
The correlation between 3JPN.DE and JP40.DE has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
3JPN.DE vs. JP40.DE — Risk / Return Rank
3JPN.DE
JP40.DE
3JPN.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) and Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.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.
| 3JPN.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 3.18 | -1.02 |
| Martin ratioReturn relative to average drawdown | 6.03 | 10.51 | -4.48 |
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Drawdowns
3JPN.DE vs. JP40.DE - Drawdown Comparison
The maximum 3JPN.DE drawdown since its inception was -51.65%, which is greater than JP40.DE's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for 3JPN.DE and JP40.DE.
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Drawdown Indicators
| 3JPN.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.65% | -28.51% | -23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -34.71% | -9.43% | -25.28% |
Max Drawdown (3Y)Largest decline over 3 years | -51.65% | -15.82% | -35.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -15.34% | -5.57% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -14.63% | -5.97% | -8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.43% | 2.86% | +9.57% |
Volatility
3JPN.DE vs. JP40.DE - Volatility Comparison
Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a higher volatility of 19.42% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 6.07%. This indicates that 3JPN.DE's price experiences larger fluctuations and is considered to be riskier than JP40.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3JPN.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.42% | 6.07% | +13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 52.31% | 15.79% | +36.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.51% | 19.16% | +44.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.27% | 16.76% | +36.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.27% | 16.47% | +36.80% |
3JPN.DE vs. JP40.DE - Expense Ratio Comparison
3JPN.DE has a 0.75% expense ratio, which is higher than JP40.DE's 0.18% expense ratio.
Dividends
3JPN.DE vs. JP40.DE - Dividend Comparison
Neither 3JPN.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, 3JPN.DE and JP40.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.
On fees, JP40.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE is cheaper with a 0.18% expense ratio, compared with 0.75% for 3JPN.DE.
They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.75% for 3JPN.DE and 0.18% for JP40.DE.
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