JNHD.DE vs. SGAJ.DE
JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) and SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) are both Japan Equities funds - JNHD.DE tracks the MSCI Japan Index (EUR Hedged) while SGAJ.DE tracks the MSCI Japan ESG Screened. Both are passively managed. Over the past 5 years, JNHD.DE returned 18.86%/yr vs 9.19%/yr for SGAJ.DE. Their correlation of 0.83 suggests significant overlap in exposure. JNHD.DE charges 0.20%/yr vs 0.15%/yr for SGAJ.DE.
Performance
JNHD.DE vs. SGAJ.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 SGAJ.DE's 15.63% 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*
- —
SGAJ.DE
- 1D
- -2.49%
- 1M
- -4.31%
- 6M
- 8.60%
- YTD
- 15.63%
- 1Y
- 32.42%
- 3Y*
- 15.13%
- 5Y*
- 9.19%
- 10Y*
- —
JNHD.DE vs. SGAJ.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% |
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 15.63% | 11.81% | 12.99% | 16.12% | -12.79% | 9.68% | 10.24% |
Correlation
The correlation between JNHD.DE and SGAJ.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.83 |
The correlation between JNHD.DE and SGAJ.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
JNHD.DE vs. SGAJ.DE — Risk / Return Rank
JNHD.DE
SGAJ.DE
JNHD.DE vs. SGAJ.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 ESG Screened UCITS ETF USD (Acc) (SGAJ.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 | SGAJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.57 | 3.13 | +1.44 |
| Martin ratioReturn relative to average drawdown | 14.93 | 10.16 | +4.77 |
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Drawdowns
JNHD.DE vs. SGAJ.DE - Drawdown Comparison
The maximum JNHD.DE drawdown since its inception was -21.83%, smaller than the maximum SGAJ.DE drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for JNHD.DE and SGAJ.DE.
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Drawdown Indicators
| JNHD.DE | SGAJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -28.34% | +6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -9.62% | -10.31% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -17.07% | -4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -19.31% | -2.52% |
Current DrawdownCurrent decline from peak | -6.33% | -6.81% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -7.23% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 3.18% | -0.23% |
Volatility
JNHD.DE vs. SGAJ.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 ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) at 6.59%. This indicates that JNHD.DE's price experiences larger fluctuations and is considered to be riskier than SGAJ.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 | SGAJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 6.59% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 16.28% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 20.00% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.88% | 16.97% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 18.19% | +0.22% |
JNHD.DE vs. SGAJ.DE - Expense Ratio Comparison
JNHD.DE has a 0.20% expense ratio, which is higher than SGAJ.DE's 0.15% 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. SGAJ.DE - Dividend Comparison
JNHD.DE's dividend yield for the trailing twelve months is around 1.55%, while SGAJ.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) | 1.55% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% |
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, JNHD.DE and SGAJ.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, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for JNHD.DE.
JNHD.DE tracks MSCI Japan Index (EUR Hedged), while SGAJ.DE tracks MSCI Japan ESG Screened. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for JNHD.DE and 0.15% for SGAJ.DE.
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