EMNJ.DE vs. MWOP.DE
EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) are both exchange-traded funds - EMNJ.DE is a Japan Equities fund tracking the MSCI Japan ESG Enhanced Focus CTB Index, while MWOP.DE is a ESG fund tracking the MSCI World ESG Leaders Select 5% Issuer Capped Index. Both are passively managed. Over the past 3 years, EMNJ.DE returned 16.68%/yr vs 17.70%/yr for MWOP.DE. A 0.64 correlation means they provide meaningful diversification when combined. EMNJ.DE charges 0.15%/yr vs 0.18%/yr for MWOP.DE.
Performance
EMNJ.DE vs. MWOP.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 MWOP.DE's 13.53% 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*
- —
MWOP.DE
- 1D
- 0.00%
- 1M
- 0.71%
- 6M
- 11.42%
- YTD
- 13.53%
- 1Y
- 26.42%
- 3Y*
- 17.70%
- 5Y*
- —
- 10Y*
- —
EMNJ.DE vs. MWOP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 6.07% |
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 13.53% | 7.50% | 23.56% | 8.87% |
Correlation
The correlation between EMNJ.DE and MWOP.DE is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.64 |
The correlation between EMNJ.DE and MWOP.DE has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.
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Return for Risk
EMNJ.DE vs. MWOP.DE — Risk / Return Rank
EMNJ.DE
MWOP.DE
EMNJ.DE vs. MWOP.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 MSCI World ESG Leaders UCITS ETF Acc (MWOP.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 | MWOP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 2.85 | +0.86 |
| Martin ratioReturn relative to average drawdown | 12.48 | 11.05 | +1.43 |
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Drawdowns
EMNJ.DE vs. MWOP.DE - Drawdown Comparison
The maximum EMNJ.DE drawdown since its inception was -28.10%, which is greater than MWOP.DE's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for EMNJ.DE and MWOP.DE.
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Drawdown Indicators
| EMNJ.DE | MWOP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -21.85% | -6.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -9.30% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -21.85% | +4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -19.91% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -1.11% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -2.90% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.40% | +0.79% |
Volatility
EMNJ.DE vs. MWOP.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 MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) at 3.20%. This indicates that EMNJ.DE's price experiences larger fluctuations and is considered to be riskier than MWOP.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 | MWOP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 3.20% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.64% | 9.60% | +7.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.49% | 12.86% | +7.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 13.90% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 13.90% | +4.36% |
EMNJ.DE vs. MWOP.DE - Expense Ratio Comparison
EMNJ.DE has a 0.15% expense ratio, which is lower than MWOP.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. MWOP.DE - Dividend Comparison
EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%, while MWOP.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% |
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EMNJ.DE and MWOP.DE have a correlation of 0.68, 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 MWOP.DE.
EMNJ.DE is categorized as Japan Equities, while MWOP.DE is ESG. EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index, while MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EMNJ.DE and 0.18% for MWOP.DE.
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