JNHD.DE vs. XZMJ.DE

Last updated Jul 18, 2026

JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) and XZMJ.DE (Xtrackers MSCI Japan ESG UCITS ETF 1C) are both Japan Equities funds - JNHD.DE tracks the MSCI Japan Index (EUR Hedged) while XZMJ.DE tracks the MSCI Japan Low Carbon SRI Leaders. Both are passively managed. Over the past 5 years, JNHD.DE returned 18.86%/yr vs 8.04%/yr for XZMJ.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

JNHD.DE vs. XZMJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) and Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JNHD.DE achieves a 17.02% return, which is significantly higher than XZMJ.DE's 13.09% 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*: —

XZMJ.DE

• 1D: -2.48%
• 1M: -3.92%
• 6M: 7.93%
• YTD: 13.09%
• 1Y: 29.07%
• 3Y*: 15.04%
• 5Y*: 8.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JNHD.DE vs. XZMJ.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%
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C	13.09%	10.86%	16.16%	14.57%	-16.10%	7.03%	10.42%

Correlation

The correlation between JNHD.DE and XZMJ.DE is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.81

The correlation between JNHD.DE and XZMJ.DE has been stable across timeframes, ranging from 0.80 to 0.88 - a consistent structural relationship.

Return for Risk

JNHD.DE vs. XZMJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JNHD.DE

JNHD.DE Risk / Return Rank: 87
JNHD.DE Sharpe Ratio Rank: 85
JNHD.DE Sortino Ratio Rank: 85
JNHD.DE Omega Ratio Rank: 84
JNHD.DE Calmar Ratio Rank: 92
JNHD.DE Martin Ratio Rank: 89

XZMJ.DE

XZMJ.DE Risk / Return Rank: 54
XZMJ.DE Sharpe Ratio Rank: 51
XZMJ.DE Sortino Ratio Rank: 52
XZMJ.DE Omega Ratio Rank: 51
XZMJ.DE Calmar Ratio Rank: 61
XZMJ.DE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JNHD.DE vs. XZMJ.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 Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.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	XZMJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.34	+0.77
Sortino ratio: Return per unit of downside risk	2.97	1.96	+1.01
Omega ratio: Gain probability vs. loss probability	1.38	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	4.57	2.29	+2.28
Martin ratio: Return relative to average drawdown	14.93	7.46	+7.47

JNHD.DE vs. XZMJ.DE - Sharpe Ratio Comparison

The current JNHD.DE Sharpe Ratio is 2.10, which is higher than the XZMJ.DE Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of JNHD.DE and XZMJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JNHD.DE vs. XZMJ.DE - Drawdown Comparison

The maximum JNHD.DE drawdown since its inception was -21.83%, smaller than the maximum XZMJ.DE drawdown of -30.29%. Use the drawdown chart below to compare losses from any high point for JNHD.DE and XZMJ.DE.

Drawdown Indicators

	JNHD.DE	XZMJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.83%	-30.29%	+8.46%
Max Drawdown (1Y) Largest decline over 1 year	-9.62%	-12.62%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.83%	-18.78%	-3.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.83%	-21.51%	-0.32%
Current Drawdown Current decline from peak	-6.33%	-6.88%	+0.55%
Average Drawdown Average peak-to-trough decline	-4.16%	-9.87%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	3.89%	-0.94%

Volatility

JNHD.DE vs. XZMJ.DE - Volatility Comparison

Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) and Xtrackers MSCI Japan ESG UCITS ETF 1C (XZMJ.DE) have volatilities of 6.92% and 6.75%, 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.

Volatility by Period

	JNHD.DE	XZMJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	6.75%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	16.49%	17.79%	-1.30%
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	21.75%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	17.50%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	19.99%	-1.58%

JNHD.DE vs. XZMJ.DE - Expense Ratio Comparison

Both JNHD.DE and XZMJ.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. XZMJ.DE - Dividend Comparison

JNHD.DE's dividend yield for the trailing twelve months is around 1.55%, while XZMJ.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%
XZMJ.DE Xtrackers MSCI Japan ESG UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JNHD.DE and XZMJ.DE in my portfolio?

JNHD.DE and XZMJ.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JNHD.DE or XZMJ.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JNHD.DE or XZMJ.DE?

JNHD.DE and XZMJ.DE have the same expense ratio: 0.20% per year.

What is the main difference between JNHD.DE and XZMJ.DE?

JNHD.DE tracks MSCI Japan Index (EUR Hedged), while XZMJ.DE tracks MSCI Japan Low Carbon SRI Leaders. They also come from different issuers: Amundi and Xtrackers.