EMNJ.DE vs. JP40.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, EMNJ.DE returned 9.72%/yr vs 10.20%/yr for JP40.DE. Their correlation of 0.95 suggests significant overlap in exposure. EMNJ.DE charges 0.15%/yr vs 0.18%/yr for JP40.DE.
Performance
EMNJ.DE vs. JP40.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMNJ.DE achieves a 19.97% return, which is significantly higher than JP40.DE's 18.40% 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*
- —
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%
EMNJ.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 18.40% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 13.58% |
Correlation
The correlation between EMNJ.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 (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.95 |
The correlation between EMNJ.DE and JP40.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMNJ.DE vs. JP40.DE — Risk / Return Rank
EMNJ.DE
JP40.DE
EMNJ.DE vs. JP40.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 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.
| EMNJ.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.82 | -0.11 |
| Martin ratioReturn relative to average drawdown | 12.48 | 12.75 | -0.27 |
Loading charts...
Drawdowns
EMNJ.DE vs. JP40.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, roughly equal to the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and JP40.DE.
Loading charts...
Drawdown Indicators
| EMNJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -28.51% | +0.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -9.43% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -15.82% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -19.66% | -0.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -2.74% | -2.69% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -5.97% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.83% | +0.36% |
Volatility
EMNJ.DE vs. JP40.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 JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 6.00%. This indicates that EMNJ.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.
Loading charts...
Volatility by Period
| EMNJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 6.00% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 15.59% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 19.00% | +1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.74% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.46% | +1.80% |
EMNJ.DE vs. JP40.DE - Expense Ratio Comparison
EMNJ.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
EMNJ.DE vs. JP40.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while JP40.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% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, EMNJ.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, 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 JP40.DE.
EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EMNJ.DE and 0.18% for JP40.DE.
Find the right allocation for EMNJ.DE and JP40.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer