JP40.DE vs. SPYG
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - JP40.DE is a Japan Equities fund tracking the JPX-Nikkei 400, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, JP40.DE returned 8.93%/yr vs 17.90%/yr for SPYG. At a 0.42 correlation, their price movements are largely independent. JP40.DE charges 0.18%/yr vs 0.04%/yr for SPYG.
Performance
JP40.DE vs. SPYG - Performance Comparison
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Different Trading Currencies
JP40.DE is traded in EUR, while SPYG is traded in USD. To make them comparable, the SPYG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JP40.DE achieves a 16.15% return, which is significantly higher than SPYG's 15.02% return. Over the past 10 years, JP40.DE has underperformed SPYG with an annualized return of 8.93%, while SPYG has yielded a comparatively higher 17.90% annualized return.
JP40.DE
- 1D
- -0.23%
- 1M
- 4.75%
- YTD
- 16.15%
- 6M
- 16.32%
- 1Y
- 28.73%
- 3Y*
- 14.99%
- 5Y*
- 9.88%
- 10Y*
- 8.93%
SPYG
- 1D
- -0.16%
- 1M
- 7.25%
- YTD
- 15.02%
- 6M
- 13.39%
- 1Y
- 31.42%
- 3Y*
- 24.79%
- 5Y*
- 17.15%
- 10Y*
- 17.90%
JP40.DE vs. SPYG - 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 15.02% | 7.60% | 44.97% | 26.13% | -25.04% | 41.89% | 22.46% | 33.80% | 4.57% | 11.60% |
Correlation
The correlation between JP40.DE and SPYG is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.42 |
The correlation between JP40.DE and SPYG shifts across timeframes, from 0.30 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
JP40.DE vs. SPYG — Risk / Return Rank
JP40.DE
SPYG
JP40.DE vs. SPYG - 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 State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 2.48 | +0.55 |
| Martin ratioReturn relative to average drawdown | 10.04 | 8.73 | +1.32 |
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 | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.95 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.82 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.85 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.70 | -0.24 |
Drawdowns
JP40.DE vs. SPYG - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, smaller than the maximum SPYG drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for JP40.DE and SPYG.
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Drawdown Indicators
| JP40.DE | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -45.25% | +16.74% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -12.70% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -27.05% | +11.23% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -27.05% | +7.39% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -30.75% | +2.24% |
Current DrawdownCurrent decline from peak | -0.23% | -0.98% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -7.58% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.61% | -0.76% |
Volatility
JP40.DE vs. SPYG - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 3.74%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than SPYG 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 | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.74% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 11.74% | +2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 16.20% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 20.91% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 21.03% | -4.53% |
JP40.DE vs. SPYG - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is higher than SPYG's 0.04% 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
JP40.DE vs. SPYG - Dividend Comparison
JP40.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.47% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
JP40.DE and SPYG have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.18% for JP40.DE.
JP40.DE is categorized as Japan Equities, while SPYG is S&P 500. JP40.DE tracks JPX-Nikkei 400, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.18% for JP40.DE and 0.04% for SPYG.
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