EMNJ.DE vs. LYY4.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and LYY4.DE (Amundi Japan TOPIX II UCITS ETF EUR Dist) are both Japan Equities funds - EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index while LYY4.DE tracks the TOPIX®. Both are passively managed. Over the past 5 years, EMNJ.DE returned 9.72%/yr vs 9.78%/yr for LYY4.DE. With a 0.98 correlation, they move nearly in lockstep. EMNJ.DE charges 0.15%/yr vs 0.45%/yr for LYY4.DE.
Performance
EMNJ.DE vs. LYY4.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 LYY4.DE's 17.81% 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*
- —
LYY4.DE
- 1D
- -1.00%
- 1M
- 1.86%
- 6M
- 11.80%
- YTD
- 17.81%
- 1Y
- 35.81%
- 3Y*
- 16.80%
- 5Y*
- 9.78%
- 10Y*
- 8.45%
EMNJ.DE vs. LYY4.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% |
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 17.81% | 13.10% | 12.42% | 15.45% | -11.19% | 8.61% | 3.15% | 12.67% |
Correlation
The correlation between EMNJ.DE and LYY4.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.98 |
The correlation between EMNJ.DE and LYY4.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
EMNJ.DE vs. LYY4.DE — Risk / Return Rank
EMNJ.DE
LYY4.DE
EMNJ.DE vs. LYY4.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 Japan TOPIX II UCITS ETF EUR Dist (LYY4.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 | LYY4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 3.71 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.48 | 12.30 | +0.18 |
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Drawdowns
EMNJ.DE vs. LYY4.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, smaller than the maximum LYY4.DE drawdown of -54.07%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and LYY4.DE.
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Drawdown Indicators
| EMNJ.DE | LYY4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -54.07% | +25.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -9.61% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -15.82% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | -19.34% | -0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.62% | — |
Current DrawdownCurrent decline from peak | -2.74% | -2.08% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -14.28% | +7.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.90% | +0.29% |
Volatility
EMNJ.DE vs. LYY4.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 Japan TOPIX II UCITS ETF EUR Dist (LYY4.DE) at 5.63%. This indicates that EMNJ.DE's price experiences larger fluctuations and is considered to be riskier than LYY4.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 | LYY4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 5.63% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 15.06% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 18.44% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 16.25% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 16.24% | +2.02% |
EMNJ.DE vs. LYY4.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than LYY4.DE's 0.45% expense ratio.
Dividends
EMNJ.DE vs. LYY4.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, more than LYY4.DE's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
LYY4.DE Amundi Japan TOPIX II UCITS ETF EUR Dist | 0.60% | 0.71% | 0.74% | 1.24% | 1.89% | 1.34% | 1.14% | 1.94% | 1.86% | 1.44% | 1.98% | 1.80% |
Frequently Asked Questions
With a correlation of 0.96, EMNJ.DE and LYY4.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 0.45% for LYY4.DE.
EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while LYY4.DE tracks TOPIX®. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EMNJ.DE and 0.45% for LYY4.DE.
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