AW1I.DE vs. JP40.DE
AW1I.DE (UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - AW1I.DE tracks the MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 3 years, AW1I.DE returned 17.64%/yr vs 17.01%/yr for JP40.DE. Their correlation of 0.93 suggests significant overlap in exposure. AW1I.DE charges 0.15%/yr vs 0.18%/yr for JP40.DE.
Performance
AW1I.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1I.DE achieves a 19.55% return, which is significantly higher than JP40.DE's 18.40% return.
AW1I.DE
- 1D
- 0.00%
- 1M
- 2.07%
- 6M
- 12.93%
- YTD
- 19.55%
- 1Y
- 39.39%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
JP40.DE
- 1D
- -1.02%
- 1M
- 1.60%
- 6M
- 12.02%
- YTD
- 18.40%
- 1Y
- 36.20%
- 3Y*
- 17.01%
- 5Y*
- 10.20%
- 10Y*
- 8.78%
AW1I.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1I.DE UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc | 19.55% | 13.16% | 14.27% | 15.68% | -13.31% | 4.61% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 18.40% | 12.78% | 13.18% | 15.77% | -11.05% | 4.25% |
Correlation
The correlation between AW1I.DE and JP40.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.93 |
The correlation between AW1I.DE and JP40.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
AW1I.DE vs. JP40.DE — Risk / Return Rank
AW1I.DE
JP40.DE
AW1I.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.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.
| AW1I.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 3.82 | -0.06 |
| Martin ratioReturn relative to average drawdown | 12.20 | 12.75 | -0.56 |
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Drawdowns
AW1I.DE vs. JP40.DE - Drawdown Comparison
The maximum AW1I.DE drawdown since its inception was -19.66%, smaller than the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for AW1I.DE and JP40.DE.
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Drawdown Indicators
| AW1I.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.66% | -28.51% | +8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.43% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -15.82% | -1.30% |
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 | -2.56% | -2.69% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -5.97% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.83% | +0.41% |
Volatility
AW1I.DE vs. JP40.DE - Volatility Comparison
UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) has a higher volatility of 6.50% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 6.00%. This indicates that AW1I.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
| AW1I.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.00% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 15.59% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 19.00% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 16.74% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 16.46% | +0.43% |
AW1I.DE vs. JP40.DE - Expense Ratio Comparison
AW1I.DE has a 0.15% expense ratio, which is lower than JP40.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW1I.DE vs. JP40.DE - Dividend Comparison
Neither AW1I.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, AW1I.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, AW1I.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1I.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for JP40.DE.
AW1I.DE tracks MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.15% for AW1I.DE and 0.18% for JP40.DE.
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