EUNN.DE vs. JP40.DE
EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - EUNN.DE tracks the MSCI Japan IMI while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, EUNN.DE returned 9.05%/yr vs 8.93%/yr for JP40.DE. With a 0.97 correlation, they move nearly in lockstep. EUNN.DE charges 0.12%/yr vs 0.18%/yr for JP40.DE.
Performance
EUNN.DE vs. JP40.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with EUNN.DE having a 16.53% return and JP40.DE slightly lower at 16.15%. Both investments have delivered pretty close results over the past 10 years, with EUNN.DE having a 9.05% annualized return and JP40.DE not far behind at 8.93%.
EUNN.DE
- 1D
- -0.27%
- 1M
- 3.50%
- YTD
- 16.53%
- 6M
- 16.81%
- 1Y
- 31.22%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
JP40.DE
- 1D
- -0.23%
- 1M
- 2.36%
- YTD
- 16.15%
- 6M
- 16.10%
- 1Y
- 29.23%
- 3Y*
- 14.99%
- 5Y*
- 9.88%
- 10Y*
- 8.93%
EUNN.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -10.32% | 10.42% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 22.33% | -10.68% | 9.57% |
Correlation
The correlation between EUNN.DE and JP40.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.97 |
The correlation between EUNN.DE and JP40.DE has been stable across timeframes, ranging from 0.94 to 0.97 - 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
EUNN.DE vs. JP40.DE — Risk / Return Rank
EUNN.DE
JP40.DE
EUNN.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (EUNN.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.
| EUNN.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 3.03 | +0.10 |
| Martin ratioReturn relative to average drawdown | 10.51 | 10.04 | +0.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| EUNN.DE | JP40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 1.58 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.59 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.54 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.46 | +0.07 |
Drawdowns
EUNN.DE vs. JP40.DE - Drawdown Comparison
The maximum EUNN.DE drawdown since its inception was -28.55%, roughly equal to the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for EUNN.DE and JP40.DE.
Loading charts...
Drawdown Indicators
| EUNN.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.55% | -28.51% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -9.43% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -15.82% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.41% | -19.66% | +0.25% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -28.51% | -0.04% |
Current DrawdownCurrent decline from peak | -0.27% | -0.23% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -6.10% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.85% | +0.01% |
Volatility
EUNN.DE vs. JP40.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) and Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) have volatilities of 3.16% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUNN.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 3.29% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.53% | 14.70% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.97% | 18.10% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 16.56% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.50% | -0.42% |
EUNN.DE vs. JP40.DE - Expense Ratio Comparison
EUNN.DE has a 0.12% 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
EUNN.DE vs. JP40.DE - Dividend Comparison
Neither EUNN.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, EUNN.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, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for JP40.DE.
EUNN.DE tracks MSCI Japan IMI, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for EUNN.DE and 0.18% for JP40.DE.
Find the right allocation for EUNN.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