EMNJ.DE vs. JARI.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and JARI.DE (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds - EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index while JARI.DE tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, EMNJ.DE returned 9.72%/yr vs 2.65%/yr for JARI.DE. Their correlation of 0.91 suggests significant overlap in exposure. EMNJ.DE charges 0.15%/yr vs 0.18%/yr for JARI.DE.
Performance
EMNJ.DE vs. JARI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly higher than JARI.DE's 11.15% return.
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
JARI.DE
- 1D
- 0.00%
- 1M
- 6.65%
- 6M
- 6.89%
- YTD
- 11.15%
- 1Y
- 23.56%
- 3Y*
- 6.19%
- 5Y*
- 2.65%
- 10Y*
- —
EMNJ.DE vs. JARI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 11.69% |
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 11.15% | 5.73% | 2.11% | 6.93% | -15.65% | 8.08% | 13.45% |
Correlation
The correlation between EMNJ.DE and JARI.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.91 |
The correlation between EMNJ.DE and JARI.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
EMNJ.DE vs. JARI.DE — Risk / Return Rank
EMNJ.DE
JARI.DE
EMNJ.DE vs. JARI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) and Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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.
| EMNJ.DE | JARI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.24 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.32 | +1.39 |
| Martin ratioReturn relative to average drawdown | 12.48 | 6.82 | +5.67 |
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Drawdowns
EMNJ.DE vs. JARI.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, which is greater than JARI.DE's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and JARI.DE.
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Drawdown Indicators
| EMNJ.DE | JARI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -23.16% | -4.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -10.21% | -0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -15.32% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -23.16% | +3.25% |
Current DrawdownCurrent decline from peak | -2.74% | 0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -11.31% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 3.46% | -0.27% |
Volatility
EMNJ.DE vs. JARI.DE - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a higher volatility of 6.67% compared to Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) at 4.85%. This indicates that EMNJ.DE's price experiences larger fluctuations and is considered to be riskier than JARI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMNJ.DE | JARI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 4.85% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 14.23% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 18.02% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.09% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.16% | +2.10% |
EMNJ.DE vs. JARI.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than JARI.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
EMNJ.DE vs. JARI.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while JARI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNJ.DE and JARI.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for JARI.DE.
EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while JARI.DE tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EMNJ.DE and 0.18% for JARI.DE.
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