JNHD.DE vs. 36B4.DE
JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds - JNHD.DE tracks the MSCI Japan Index (EUR Hedged) while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, JNHD.DE returned 18.86%/yr vs 4.83%/yr for 36B4.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
JNHD.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JNHD.DE achieves a 17.02% return, which is significantly higher than 36B4.DE's 8.61% return.
JNHD.DE
- 1D
- -2.37%
- 1M
- -4.29%
- 6M
- 9.62%
- YTD
- 17.02%
- 1Y
- 44.20%
- 3Y*
- 25.21%
- 5Y*
- 18.86%
- 10Y*
- —
36B4.DE
- 1D
- -0.79%
- 1M
- 2.83%
- 6M
- 4.52%
- YTD
- 8.61%
- 1Y
- 19.17%
- 3Y*
- 9.22%
- 5Y*
- 4.83%
- 10Y*
- —
JNHD.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 17.02% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 12.61% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 8.61% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 12.50% |
Correlation
The correlation between JNHD.DE and 36B4.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.76 |
The correlation between JNHD.DE and 36B4.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
JNHD.DE vs. 36B4.DE — Risk / Return Rank
JNHD.DE
36B4.DE
JNHD.DE vs. 36B4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) and iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
| JNHD.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.06 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.19 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 1.76 | +2.81 |
| Martin ratioReturn relative to average drawdown | 14.93 | 5.09 | +9.84 |
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Drawdowns
JNHD.DE vs. 36B4.DE - Drawdown Comparison
The maximum JNHD.DE drawdown since its inception was -21.83%, smaller than the maximum 36B4.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for JNHD.DE and 36B4.DE.
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Drawdown Indicators
| JNHD.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -26.98% | +5.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -10.82% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -15.67% | -6.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -21.57% | -0.26% |
Current DrawdownCurrent decline from peak | -6.33% | -2.03% | -4.30% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -7.09% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.75% | -0.80% |
Volatility
JNHD.DE vs. 36B4.DE - Volatility Comparison
Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) has a higher volatility of 6.92% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 4.74%. This indicates that JNHD.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JNHD.DE | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 4.74% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 14.24% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 18.44% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 16.33% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 17.25% | +1.16% |
JNHD.DE vs. 36B4.DE - Expense Ratio Comparison
Both JNHD.DE and 36B4.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JNHD.DE vs. 36B4.DE - Dividend Comparison
JNHD.DE's dividend yield for the trailing twelve months is around 1.55%, more than 36B4.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.48% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 1.55% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% | 0.00% |
Frequently Asked Questions
JNHD.DE and 36B4.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JNHD.DE and 36B4.DE have the same expense ratio: 0.20% per year.
JNHD.DE tracks MSCI Japan Index (EUR Hedged), while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Amundi and iShares.
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