JP40.DE vs. SXR5.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and SXR5.DE (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - JP40.DE tracks the JPX-Nikkei 400 while SXR5.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, JP40.DE returned 8.93%/yr vs 9.05%/yr for SXR5.DE. With a 0.97 correlation, they move nearly in lockstep. JP40.DE charges 0.18%/yr vs 0.12%/yr for SXR5.DE.
Performance
JP40.DE vs. SXR5.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, JP40.DE achieves a 16.15% return, which is significantly lower than SXR5.DE's 16.96% return. Both investments have delivered pretty close results over the past 10 years, with JP40.DE having a 8.93% annualized return and SXR5.DE not far ahead at 9.05%.
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%
SXR5.DE
- 1D
- -0.36%
- 1M
- 3.71%
- YTD
- 16.96%
- 6M
- 16.95%
- 1Y
- 32.05%
- 3Y*
- 15.53%
- 5Y*
- 9.94%
- 10Y*
- 9.05%
JP40.DE vs. SXR5.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% |
SXR5.DE iShares MSCI Japan UCITS ETF USD (Acc) | 16.96% | 12.72% | 13.72% | 16.13% | -12.71% | 9.55% | 4.95% | 22.00% | -9.97% | 8.96% |
Correlation
The correlation between JP40.DE and SXR5.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.97 |
The correlation between JP40.DE and SXR5.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
JP40.DE vs. SXR5.DE — Risk / Return Rank
JP40.DE
SXR5.DE
JP40.DE vs. SXR5.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 UCITS ETF USD (Acc) (SXR5.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 | SXR5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.04 | -0.01 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.81 | +0.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JP40.DE | SXR5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.63 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.59 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.48 | -0.01 |
Drawdowns
JP40.DE vs. SXR5.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, roughly equal to the maximum SXR5.DE drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for JP40.DE and SXR5.DE.
Loading charts...
Drawdown Indicators
| JP40.DE | SXR5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -28.03% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.14% | +0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -17.16% | +1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -19.30% | -0.36% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -28.03% | -0.48% |
Current DrawdownCurrent decline from peak | -0.23% | -0.36% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -7.27% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.15% | -0.30% |
Volatility
JP40.DE vs. SXR5.DE - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while iShares MSCI Japan UCITS ETF USD (Acc) (SXR5.DE) has a volatility of 3.67%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than SXR5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JP40.DE | SXR5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.67% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 15.22% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 18.90% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 16.63% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 16.41% | +0.09% |
JP40.DE vs. SXR5.DE - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is higher than SXR5.DE's 0.12% 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. SXR5.DE - Dividend Comparison
Neither JP40.DE nor SXR5.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, JP40.DE and SXR5.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, SXR5.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR5.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for JP40.DE.
JP40.DE tracks JPX-Nikkei 400, while SXR5.DE tracks MSCI Japan. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for JP40.DE and 0.12% for SXR5.DE.
Find the right allocation for JP40.DE and SXR5.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer