JNHD.DE vs. JP40.DE
JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds from Amundi - JNHD.DE tracks the MSCI Japan Index (EUR Hedged) while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, JNHD.DE returned 19.50%/yr vs 10.53%/yr for JP40.DE. A 0.79 correlation means they provide meaningful diversification when combined. JNHD.DE charges 0.20%/yr vs 0.18%/yr for JP40.DE.
Performance
JNHD.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JNHD.DE achieves a 21.67% return, which is significantly higher than JP40.DE's 19.93% return.
JNHD.DE
- 1D
- 1.32%
- 1M
- 1.97%
- 6M
- 21.32%
- YTD
- 21.67%
- 1Y
- 48.96%
- 3Y*
- 26.37%
- 5Y*
- 19.50%
- 10Y*
- —
JP40.DE
- 1D
- 0.60%
- 1M
- 3.02%
- 6M
- 19.79%
- YTD
- 19.93%
- 1Y
- 33.94%
- 3Y*
- 16.85%
- 5Y*
- 10.53%
- 10Y*
- 9.22%
JNHD.DE vs. JP40.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% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 19.93% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 9.26% |
Correlation
The correlation between JNHD.DE and JP40.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.79 |
The correlation between JNHD.DE and JP40.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
JNHD.DE vs. JP40.DE — Risk / Return Rank
JNHD.DE
JP40.DE
JNHD.DE vs. JP40.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 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.
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 | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.35 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 3.58 | +1.48 |
| Martin ratioReturn relative to average drawdown | 17.06 | 12.07 | +5.00 |
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Drawdowns
JNHD.DE vs. JP40.DE - Drawdown Comparison
The maximum JNHD.DE drawdown since its inception was -21.83%, smaller than the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for JNHD.DE and JP40.DE.
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Drawdown Indicators
| JNHD.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -28.51% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -9.43% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -15.82% | -6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -19.66% | -2.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -2.61% | -1.44% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -4.17% | -5.98% | +1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.80% | +0.06% |
Volatility
JNHD.DE vs. JP40.DE - Volatility Comparison
Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) has a higher volatility of 6.69% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 5.55%. This indicates that JNHD.DE's price experiences larger fluctuations and is considered to be riskier than JP40.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 | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 5.55% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.94% | 15.30% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.45% | 18.62% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 16.69% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 16.43% | +1.93% |
JNHD.DE vs. JP40.DE - Expense Ratio Comparison
JNHD.DE has a 0.20% expense ratio, which is higher than JP40.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JNHD.DE vs. JP40.DE - Dividend Comparison
JNHD.DE's dividend yield for the trailing twelve months is around 1.49%, while JP40.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
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% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JNHD.DE and JP40.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JP40.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for JNHD.DE.
JNHD.DE tracks MSCI Japan Index (EUR Hedged), while JP40.DE tracks JPX-Nikkei 400. Their fees differ too: 0.20% for JNHD.DE and 0.18% for JP40.DE.
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