EL45.DE vs. JPNH.DE
EL45.DE (Deka MSCI Japan Climate Change ESG CTB UCITS ETF) and JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - EL45.DE tracks the MSCI Japan Climate Change ESG Select CTB Index while JPNH.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, EL45.DE returned 382.29%/yr vs 13.42%/yr for JPNH.DE. A 0.71 correlation means they provide meaningful diversification when combined. EL45.DE charges 0.26%/yr vs 0.45%/yr for JPNH.DE.
Performance
EL45.DE vs. JPNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL45.DE achieves a 13.29% return, which is significantly lower than JPNH.DE's 16.56% return. Over the past 10 years, EL45.DE has outperformed JPNH.DE with an annualized return of 382.29%, while JPNH.DE has yielded a comparatively lower 13.42% annualized return.
EL45.DE
- 1D
- -1.97%
- 1M
- -4.50%
- 6M
- 7.98%
- YTD
- 13.29%
- 1Y
- 27.46%
- 3Y*
- 12.94%
- 5Y*
- 7.04%
- 10Y*
- 382.29%
JPNH.DE
- 1D
- -2.24%
- 1M
- -2.67%
- 6M
- 9.41%
- YTD
- 16.56%
- 1Y
- 42.09%
- 3Y*
- 24.65%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
EL45.DE vs. JPNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 13.29% | 10.57% | 11.51% | 12.77% | -14.83% | 9.65% | 491,262.69% | 840.15% | 41.10% | 6,472.17% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 16.56% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 5.84% | 15.91% | -17.82% | 20.38% |
Correlation
The correlation between EL45.DE and JPNH.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 | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2013 | 0.71 |
The correlation between EL45.DE and JPNH.DE shifts across timeframes, from 0.65 (10 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EL45.DE vs. JPNH.DE — Risk / Return Rank
EL45.DE
JPNH.DE
EL45.DE vs. JPNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.DE) and Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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.
| EL45.DE | JPNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 4.16 | -1.79 |
| Martin ratioReturn relative to average drawdown | 7.82 | 14.64 | -6.82 |
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Drawdowns
EL45.DE vs. JPNH.DE - Drawdown Comparison
The maximum EL45.DE drawdown since its inception was -23.54%, smaller than the maximum JPNH.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for EL45.DE and JPNH.DE.
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Drawdown Indicators
| EL45.DE | JPNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.54% | -36.52% | +12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -10.08% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.76% | -20.72% | +3.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.28% | -20.72% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -22.36% | -36.52% | +14.16% |
Current DrawdownCurrent decline from peak | -7.29% | -4.32% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -7.95% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.87% | +0.63% |
Volatility
EL45.DE vs. JPNH.DE - Volatility Comparison
Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.DE) has a higher volatility of 7.37% compared to Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) at 5.93%. This indicates that EL45.DE's price experiences larger fluctuations and is considered to be riskier than JPNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL45.DE | JPNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 5.93% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 16.18% | 15.63% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.91% | 19.58% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 18.07% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21,842.13% | 18.18% | +21,823.95% |
EL45.DE vs. JPNH.DE - Expense Ratio Comparison
EL45.DE has a 0.26% expense ratio, which is lower than JPNH.DE's 0.45% expense ratio.
Dividends
EL45.DE vs. JPNH.DE - Dividend Comparison
EL45.DE's dividend yield for the trailing twelve months is around 1.48%, more than JPNH.DE's 0.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 1.48% | 1.77% | 1.49% | 1.64% | 1.95% | 2.07% | 165.19% | 81.94% | 42.51% | 159.77% | 62.28% | 103.93% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 0.76% | 0.89% | 1.52% | 1.29% | 1.66% | 1.33% | 1.09% | 1.93% | 1.89% | 1.36% | 1.96% | 1.84% |
Frequently Asked Questions
EL45.DE and JPNH.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, EL45.DE is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL45.DE is cheaper with a 0.26% expense ratio, compared with 0.45% for JPNH.DE.
EL45.DE tracks MSCI Japan Climate Change ESG Select CTB Index, while JPNH.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: Deka and Amundi. Their fees differ too: 0.26% for EL45.DE and 0.45% for JPNH.DE.
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