EUN.L vs. JP40.DE
EUN.L (iShares STOXX Europe 50 UCITS) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both exchange-traded funds - EUN.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while JP40.DE is a Japan Equities fund tracking the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, EUN.L returned 7.22%/yr vs 9.99%/yr for JP40.DE. A 0.57 correlation means they provide meaningful diversification when combined. EUN.L charges 0.35%/yr vs 0.18%/yr for JP40.DE.
Performance
EUN.L vs. JP40.DE - Performance Comparison
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Different Trading Currencies
EUN.L is traded in GBp, while JP40.DE is traded in EUR. To make them comparable, the JP40.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUN.L achieves a 5.15% return, which is significantly lower than JP40.DE's 15.24% return. Over the past 10 years, EUN.L has underperformed JP40.DE with an annualized return of 7.22%, while JP40.DE has yielded a comparatively higher 9.99% annualized return.
EUN.L
- 1D
- 0.84%
- 1M
- 0.04%
- YTD
- 5.15%
- 6M
- 7.47%
- 1Y
- 16.72%
- 3Y*
- 9.36%
- 5Y*
- 8.47%
- 10Y*
- 7.22%
JP40.DE
- 1D
- -0.10%
- 1M
- 4.98%
- YTD
- 15.24%
- 6M
- 15.19%
- 1Y
- 32.20%
- 3Y*
- 15.16%
- 5Y*
- 10.03%
- 10Y*
- 9.99%
EUN.L vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUN.L iShares STOXX Europe 50 UCITS | 5.15% | 20.23% | 0.23% | 9.58% | 1.57% | 14.92% | -3.44% | 16.69% | -12.04% | 10.12% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 15.19% | 18.64% | 8.25% | 13.46% | -6.17% | 0.84% | 10.71% | 15.96% | -9.42% | 14.25% |
Correlation
The correlation between EUN.L and JP40.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.57 |
The correlation between EUN.L and JP40.DE shifts across timeframes, from 0.45 (3 years) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUN.L vs. JP40.DE — Risk / Return Rank
EUN.L
JP40.DE
EUN.L vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS (EUN.L) 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.
| EUN.L | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 3.09 | -1.55 |
| Martin ratioReturn relative to average drawdown | 5.12 | 10.12 | -5.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUN.L | JP40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.79 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.62 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.61 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.56 | -0.36 |
Drawdowns
EUN.L vs. JP40.DE - Drawdown Comparison
The maximum EUN.L drawdown since its inception was -47.49%, which is greater than JP40.DE's maximum drawdown of -24.97%. Use the drawdown chart below to compare losses from any high point for EUN.L and JP40.DE.
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Drawdown Indicators
| EUN.L | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.49% | -24.97% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.70% | -10.39% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -13.31% | -13.67% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -13.31% | -19.30% | +5.99% |
Max Drawdown (10Y)Largest decline over 10 years | -26.31% | -24.97% | -1.34% |
Current DrawdownCurrent decline from peak | -3.01% | -0.35% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -5.24% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.17% | +0.04% |
Volatility
EUN.L vs. JP40.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS (EUN.L) has a higher volatility of 4.24% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 3.35%. This indicates that EUN.L'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.
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Volatility by Period
| EUN.L | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.35% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 14.56% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.63% | 17.87% | -5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 16.00% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 16.32% | -1.49% |
EUN.L vs. JP40.DE - Expense Ratio Comparison
EUN.L has a 0.35% expense ratio, which is higher than JP40.DE's 0.18% expense ratio.
Dividends
EUN.L vs. JP40.DE - Dividend Comparison
EUN.L's dividend yield for the trailing twelve months is around 0.02%, while JP40.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN.L iShares STOXX Europe 50 UCITS | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN.L and JP40.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JP40.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for EUN.L.
EUN.L is categorized as Europe Equities, while JP40.DE is Japan Equities. EUN.L tracks MSCI Europe NR EUR, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.35% for EUN.L and 0.18% for JP40.DE.
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