J1GR.DE vs. ETLR.DE
J1GR.DE (Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR) and ETLR.DE (L&G Japan Equity UCITS ETF) are both Japan Equities funds - J1GR.DE tracks the MSCI Japan ESG Broad CTB Select while ETLR.DE tracks the Solactive Core Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, J1GR.DE returned 8.97%/yr vs 9.93%/yr for ETLR.DE. With a 0.96 correlation, they move nearly in lockstep. J1GR.DE charges 0.45%/yr vs 0.10%/yr for ETLR.DE.
Performance
J1GR.DE vs. ETLR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, J1GR.DE achieves a 16.49% return, which is significantly higher than ETLR.DE's 15.36% return.
J1GR.DE
- 1D
- -0.06%
- 1M
- 4.23%
- YTD
- 16.49%
- 6M
- 16.45%
- 1Y
- 31.08%
- 3Y*
- 13.87%
- 5Y*
- 8.97%
- 10Y*
- 8.57%
ETLR.DE
- 1D
- -0.30%
- 1M
- 3.65%
- YTD
- 15.36%
- 6M
- 15.65%
- 1Y
- 29.68%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
J1GR.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
J1GR.DE Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR | 16.49% | 11.73% | 11.30% | 14.89% | -12.68% | 9.69% | 4.87% | 15.79% |
ETLR.DE L&G Japan Equity UCITS ETF | 15.36% | 12.36% | 14.84% | 16.06% | -11.99% | 10.00% | 5.41% | 16.57% |
Correlation
The correlation between J1GR.DE and ETLR.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2019 | 0.96 |
The correlation between J1GR.DE and ETLR.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
J1GR.DE vs. ETLR.DE — Risk / Return Rank
J1GR.DE
ETLR.DE
J1GR.DE vs. ETLR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.DE) and L&G Japan Equity UCITS ETF (ETLR.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.
| J1GR.DE | ETLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.74 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.77 | 8.92 | -0.15 |
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
| J1GR.DE | ETLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 1.56 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.60 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.61 | -0.14 |
Drawdowns
J1GR.DE vs. ETLR.DE - Drawdown Comparison
The maximum J1GR.DE drawdown since its inception was -27.81%, roughly equal to the maximum ETLR.DE drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for J1GR.DE and ETLR.DE.
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Drawdown Indicators
| J1GR.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.81% | -27.67% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -10.40% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -16.42% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -18.73% | -0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -27.81% | — | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.30% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -5.44% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.20% | +0.20% |
Volatility
J1GR.DE vs. ETLR.DE - Volatility Comparison
Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF EUR (J1GR.DE) has a higher volatility of 4.06% compared to L&G Japan Equity UCITS ETF (ETLR.DE) at 3.19%. This indicates that J1GR.DE's price experiences larger fluctuations and is considered to be riskier than ETLR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| J1GR.DE | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 3.19% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.51% | 14.63% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.39% | 18.30% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.82% | 16.32% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 16.84% | -0.41% |
J1GR.DE vs. ETLR.DE - Expense Ratio Comparison
J1GR.DE has a 0.45% expense ratio, which is higher than ETLR.DE's 0.10% expense ratio.
Dividends
J1GR.DE vs. ETLR.DE - Dividend Comparison
Neither J1GR.DE nor ETLR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, J1GR.DE and ETLR.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, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for J1GR.DE.
J1GR.DE tracks MSCI Japan ESG Broad CTB Select, while ETLR.DE tracks Solactive Core Japan Large & Mid Cap. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.45% for J1GR.DE and 0.10% for ETLR.DE.
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