JARI.DE vs. JPNH.DE
JARI.DE (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) and JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Amundi - JARI.DE tracks the TOPIX TR JPY while JPNH.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 5 years, JARI.DE returned 2.41%/yr vs 18.61%/yr for JPNH.DE. A 0.74 correlation means they provide meaningful diversification when combined. JARI.DE charges 0.18%/yr vs 0.45%/yr for JPNH.DE.
Performance
JARI.DE vs. JPNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JARI.DE achieves a 9.89% return, which is significantly lower than JPNH.DE's 16.56% return.
JARI.DE
- 1D
- 0.00%
- 1M
- 3.84%
- 6M
- 6.19%
- YTD
- 9.89%
- 1Y
- 20.19%
- 3Y*
- 5.33%
- 5Y*
- 2.41%
- 10Y*
- —
JPNH.DE
- 1D
- -2.24%
- 1M
- -2.67%
- 6M
- 9.41%
- YTD
- 16.56%
- 1Y
- 42.09%
- 3Y*
- 24.65%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
JARI.DE vs. JPNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 9.89% | 5.73% | 2.11% | 6.93% | -15.65% | 8.08% | 13.45% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 16.56% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 11.92% |
Correlation
The correlation between JARI.DE and JPNH.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020 | 0.74 |
The correlation between JARI.DE and JPNH.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
JARI.DE vs. JPNH.DE — Risk / Return Rank
JARI.DE
JPNH.DE
JARI.DE vs. JPNH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) and Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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.
| JARI.DE | JPNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.39 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 4.16 | -2.17 |
| Martin ratioReturn relative to average drawdown | 5.84 | 14.64 | -8.80 |
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Drawdowns
JARI.DE vs. JPNH.DE - Drawdown Comparison
The maximum JARI.DE drawdown since its inception was -23.16%, smaller than the maximum JPNH.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for JARI.DE and JPNH.DE.
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Drawdown Indicators
| JARI.DE | JPNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.16% | -36.52% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -10.08% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.32% | -20.72% | +5.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.16% | -20.72% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.52% | — |
Current DrawdownCurrent decline from peak | -1.14% | -4.32% | +3.18% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -7.95% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.87% | +0.60% |
Volatility
JARI.DE vs. JPNH.DE - Volatility Comparison
The current volatility for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) is 4.77%, while Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) has a volatility of 5.93%. This indicates that JARI.DE experiences smaller price fluctuations and is considered to be less risky than JPNH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JARI.DE | JPNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 5.93% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 14.28% | 15.63% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 19.58% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 18.07% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.18% | -2.02% |
JARI.DE vs. JPNH.DE - Expense Ratio Comparison
JARI.DE has a 0.18% expense ratio, which is lower than JPNH.DE's 0.45% expense ratio.
Dividends
JARI.DE vs. JPNH.DE - Dividend Comparison
JARI.DE has not paid dividends to shareholders, while JPNH.DE's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 0.76% | 0.89% | 1.52% | 1.29% | 1.66% | 1.33% | 1.09% | 1.93% | 1.89% | 1.36% | 1.96% | 1.84% |
Frequently Asked Questions
JARI.DE and JPNH.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JARI.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JARI.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for JPNH.DE.
JARI.DE tracks TOPIX TR JPY, while JPNH.DE tracks TOPIX Index (EUR Hedged). Their fees differ too: 0.18% for JARI.DE and 0.45% for JPNH.DE.
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