JP40.DE vs. JARI.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and JARI.DE (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds from Amundi - JP40.DE tracks the JPX-Nikkei 400 while JARI.DE tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, JP40.DE returned 9.88%/yr vs 1.52%/yr for JARI.DE. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
JP40.DE vs. JARI.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 JARI.DE's 3.03% 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%
JARI.DE
- 1D
- -0.26%
- 1M
- 2.27%
- YTD
- 3.03%
- 6M
- 2.83%
- 1Y
- 10.29%
- 3Y*
- 1.75%
- 5Y*
- 1.52%
- 10Y*
- —
JP40.DE vs. JARI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 10.36% |
JARI.DE Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 3.03% | 5.73% | 2.11% | 6.93% | -15.65% | 8.08% | 13.58% |
Correlation
The correlation between JP40.DE and JARI.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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.88 |
The correlation between JP40.DE and JARI.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. JARI.DE — Risk / Return Rank
JP40.DE
JARI.DE
JP40.DE vs. JARI.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 Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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 | JARI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.11 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 0.97 | +2.06 |
| Martin ratioReturn relative to average drawdown | 10.04 | 2.81 | +7.24 |
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 | JARI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.57 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.09 | +0.50 |
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 | 0.24 | +0.23 |
Drawdowns
JP40.DE vs. JARI.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, which is greater than JARI.DE's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for JP40.DE and JARI.DE.
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Drawdown Indicators
| JP40.DE | JARI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -23.16% | -5.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.21% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -15.32% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -23.16% | +3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -5.68% | +5.45% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -11.49% | +5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.55% | -0.70% |
Volatility
JP40.DE vs. JARI.DE - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.DE) has a volatility of 3.56%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than JARI.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 | JARI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.56% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 14.05% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 17.57% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 16.04% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 15.89% | +0.61% |
JP40.DE vs. JARI.DE - Expense Ratio Comparison
Both JP40.DE and JARI.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JP40.DE vs. JARI.DE - Dividend Comparison
Neither JP40.DE nor JARI.DE has paid dividends to shareholders.
Frequently Asked Questions
JP40.DE and JARI.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.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE and JARI.DE have the same expense ratio: 0.18% per year.
JP40.DE tracks JPX-Nikkei 400, while JARI.DE tracks TOPIX TR JPY.
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