JP40.DE vs. IUS4.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - JP40.DE tracks the JPX-Nikkei 400 while IUS4.DE tracks the MSCI Japan Small Cap. Both are passively managed. Over the past 10 years, JP40.DE returned 8.93%/yr vs 7.46%/yr for IUS4.DE. Their correlation of 0.88 suggests significant overlap in exposure. JP40.DE charges 0.18%/yr vs 0.58%/yr for IUS4.DE.
Performance
JP40.DE vs. IUS4.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 higher than IUS4.DE's 14.74% return. Over the past 10 years, JP40.DE has outperformed IUS4.DE with an annualized return of 8.93%, while IUS4.DE has yielded a comparatively lower 7.46% annualized 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%
IUS4.DE
- 1D
- 0.43%
- 1M
- 4.46%
- YTD
- 14.74%
- 6M
- 15.83%
- 1Y
- 27.46%
- 3Y*
- 14.63%
- 5Y*
- 8.34%
- 10Y*
- 7.46%
JP40.DE vs. IUS4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 22.33% | -10.68% | 9.57% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.74% | 15.96% | 9.46% | 9.42% | -7.69% | 5.35% | -2.06% | 21.73% | -13.13% | 15.52% |
Correlation
The correlation between JP40.DE and IUS4.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.88 |
The correlation between JP40.DE and IUS4.DE has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
JP40.DE vs. IUS4.DE — Risk / Return Rank
JP40.DE
IUS4.DE
JP40.DE vs. IUS4.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 iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.67 | +0.36 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.26 | +0.78 |
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 | IUS4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.69 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.55 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.47 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.56 | -0.09 |
Drawdowns
JP40.DE vs. IUS4.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, smaller than the maximum IUS4.DE drawdown of -32.63%. Use the drawdown chart below to compare losses from any high point for JP40.DE and IUS4.DE.
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Drawdown Indicators
| JP40.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -32.63% | +4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.12% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -12.92% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -21.47% | +1.81% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -32.63% | +4.12% |
Current DrawdownCurrent decline from peak | -0.23% | -0.73% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -6.41% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.92% | -0.07% |
Volatility
JP40.DE vs. IUS4.DE - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) has a volatility of 3.47%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.47% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 13.58% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 15.94% | +2.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 14.91% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 15.94% | +0.56% |
JP40.DE vs. IUS4.DE - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is lower than IUS4.DE's 0.58% expense ratio.
Dividends
JP40.DE vs. IUS4.DE - Dividend Comparison
JP40.DE has not paid dividends to shareholders, while IUS4.DE's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.87% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JP40.DE and IUS4.DE have a correlation of 0.84, 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 0.58% for IUS4.DE.
JP40.DE tracks JPX-Nikkei 400, while IUS4.DE tracks MSCI Japan Small Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for JP40.DE and 0.58% for IUS4.DE.
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