JNHD.DE vs. IBCG.DE
JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) and IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) are both Japan Equities funds tracking the MSCI Japan Index (EUR Hedged), from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, JNHD.DE returned 19.50%/yr vs 19.57%/yr for IBCG.DE. With a 0.99 correlation, they move nearly in lockstep. JNHD.DE charges 0.20%/yr vs 0.64%/yr for IBCG.DE.
Performance
JNHD.DE vs. IBCG.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with JNHD.DE having a 21.67% return and IBCG.DE slightly lower at 21.27%.
JNHD.DE
- 1D
- 1.32%
- 1M
- 1.97%
- 6M
- 21.32%
- YTD
- 21.67%
- 1Y
- 48.96%
- 3Y*
- 26.37%
- 5Y*
- 19.50%
- 10Y*
- —
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
JNHD.DE vs. IBCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 21.67% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 12.61% |
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 11.47% |
Correlation
The correlation between JNHD.DE and IBCG.DE is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.99 |
The correlation between JNHD.DE and IBCG.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
JNHD.DE vs. IBCG.DE — Risk / Return Rank
JNHD.DE
IBCG.DE
JNHD.DE vs. IBCG.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 EUR Hedged UCITS ETF (Acc) (IBCG.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 | IBCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 4.83 | +0.23 |
| Martin ratioReturn relative to average drawdown | 17.06 | 16.49 | +0.58 |
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Drawdowns
JNHD.DE vs. IBCG.DE - Drawdown Comparison
The maximum JNHD.DE drawdown since its inception was -21.83%, smaller than the maximum IBCG.DE drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for JNHD.DE and IBCG.DE.
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Drawdown Indicators
| JNHD.DE | IBCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -34.79% | +12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -9.94% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -21.63% | -0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -21.63% | -0.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.79% | — |
Current DrawdownCurrent decline from peak | -2.61% | -2.74% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -8.32% | +4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.92% | -0.06% |
Volatility
JNHD.DE vs. IBCG.DE - Volatility Comparison
Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) and iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) have volatilities of 6.69% and 6.70%, 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.
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Volatility by Period
| JNHD.DE | IBCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 6.70% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 15.91% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 20.07% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 18.62% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 18.45% | -0.09% |
JNHD.DE vs. IBCG.DE - Expense Ratio Comparison
JNHD.DE has a 0.20% expense ratio, which is lower than IBCG.DE's 0.64% expense ratio.
Dividends
JNHD.DE vs. IBCG.DE - Dividend Comparison
JNHD.DE's dividend yield for the trailing twelve months is around 1.49%, while IBCG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 1.49% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% |
Frequently Asked Questions
With a correlation of 0.98, JNHD.DE and IBCG.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, JNHD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JNHD.DE is cheaper with a 0.20% expense ratio, compared with 0.64% for IBCG.DE.
Both ETFs track MSCI Japan Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for JNHD.DE and 0.64% for IBCG.DE.
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