JP40.DE vs. 3JPN.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and 3JPN.DE (Leverage Shares 3x Long Japan ETP Securities) are both exchange-traded funds - JP40.DE is a Japan Equities fund tracking the JPX-Nikkei 400, while 3JPN.DE is a Leveraged Equities fund actively managed by Leverage Shares. JP40.DE is passively managed, while 3JPN.DE is actively managed. Over the past 3 years, JP40.DE returned 14.99%/yr vs 20.30%/yr for 3JPN.DE. Their correlation of 0.85 suggests significant overlap in exposure. JP40.DE charges 0.18%/yr vs 0.75%/yr for 3JPN.DE.
Performance
JP40.DE vs. 3JPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JP40.DE achieves a 16.15% return, which is significantly lower than 3JPN.DE's 37.51% return.
JP40.DE
- 1D
- -0.23%
- 1M
- 2.36%
- YTD
- 16.15%
- 6M
- 16.10%
- 1Y
- 29.23%
- 3Y*
- 14.99%
- 5Y*
- 9.88%
- 10Y*
- 8.93%
3JPN.DE
- 1D
- -0.77%
- 1M
- 7.20%
- YTD
- 37.51%
- 6M
- 34.92%
- 1Y
- 72.37%
- 3Y*
- 20.30%
- 5Y*
- —
- 10Y*
- —
JP40.DE vs. 3JPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -0.49% |
3JPN.DE Leverage Shares 3x Long Japan ETP Securities | 37.51% | 27.74% | 0.10% | 34.83% | 0.88% |
Correlation
The correlation between JP40.DE and 3JPN.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2022 | 0.85 |
The correlation between JP40.DE and 3JPN.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
JP40.DE vs. 3JPN.DE — Risk / Return Rank
JP40.DE
3JPN.DE
JP40.DE vs. 3JPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) and Leverage Shares 3x Long Japan ETP Securities (3JPN.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.
| JP40.DE | 3JPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 1.96 | +1.07 |
| Martin ratioReturn relative to average drawdown | 10.04 | 5.61 | +4.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JP40.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.13 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.50 | -0.03 |
Drawdowns
JP40.DE vs. 3JPN.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, smaller than the maximum 3JPN.DE drawdown of -51.65%. Use the drawdown chart below to compare losses from any high point for JP40.DE and 3JPN.DE.
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Drawdown Indicators
| JP40.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -51.65% | +23.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -34.71% | +25.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -51.65% | +35.83% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -7.07% | +6.84% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -14.56% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 12.19% | -9.34% |
Volatility
JP40.DE vs. 3JPN.DE - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while Leverage Shares 3x Long Japan ETP Securities (3JPN.DE) has a volatility of 11.68%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than 3JPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JP40.DE | 3JPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 11.68% | -8.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 48.68% | -33.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 60.28% | -42.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 52.77% | -36.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 52.77% | -36.27% |
JP40.DE vs. 3JPN.DE - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is lower than 3JPN.DE's 0.75% expense ratio.
Dividends
JP40.DE vs. 3JPN.DE - Dividend Comparison
Neither JP40.DE nor 3JPN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, JP40.DE and 3JPN.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, 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 0.75% for 3JPN.DE.
JP40.DE is categorized as Japan Equities, while 3JPN.DE is Leveraged Equities. They also come from different issuers: Amundi and Leverage Shares. Their fees differ too: 0.18% for JP40.DE and 0.75% for 3JPN.DE.
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