JP40.DE vs. XM1D.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and XM1D.DE (Xtrackers MSCI Japan UCITS ETF) are both Japan Equities funds - JP40.DE tracks the JPX-Nikkei 400 while XM1D.DE tracks the MSCI Japan. Both are passively managed. Over the past 3 years, JP40.DE returned 14.99%/yr vs 15.70%/yr for XM1D.DE. Their correlation of 0.92 suggests significant overlap in exposure. JP40.DE charges 0.18%/yr vs 0.12%/yr for XM1D.DE.
Performance
JP40.DE vs. XM1D.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 XM1D.DE's 17.34% 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%
XM1D.DE
- 1D
- -0.34%
- 1M
- 3.75%
- YTD
- 17.34%
- 6M
- 17.24%
- 1Y
- 32.28%
- 3Y*
- 15.70%
- 5Y*
- —
- 10Y*
- —
JP40.DE vs. XM1D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 12.29% |
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 17.34% | 12.60% | 13.72% | 13.20% |
Correlation
The correlation between JP40.DE and XM1D.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023 | 0.92 |
The correlation between JP40.DE and XM1D.DE has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
JP40.DE vs. XM1D.DE — Risk / Return Rank
JP40.DE
XM1D.DE
JP40.DE vs. XM1D.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 Xtrackers MSCI Japan UCITS ETF (XM1D.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 | XM1D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.05 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.87 | +0.18 |
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 | XM1D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.64 | -0.06 |
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 | 1.01 | -0.55 |
Drawdowns
JP40.DE vs. XM1D.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, which is greater than XM1D.DE's maximum drawdown of -16.92%. Use the drawdown chart below to compare losses from any high point for JP40.DE and XM1D.DE.
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Drawdown Indicators
| JP40.DE | XM1D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -16.92% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -10.15% | +0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -16.92% | +1.10% |
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% | -0.34% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -3.04% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.14% | -0.29% |
Volatility
JP40.DE vs. XM1D.DE - Volatility Comparison
The current volatility for Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) is 3.29%, while Xtrackers MSCI Japan UCITS ETF (XM1D.DE) has a volatility of 3.78%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than XM1D.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 | XM1D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.78% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 15.14% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 18.86% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 17.68% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 17.68% | -1.18% |
JP40.DE vs. XM1D.DE - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is higher than XM1D.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. XM1D.DE - Dividend Comparison
JP40.DE has not paid dividends to shareholders, while XM1D.DE's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% |
XM1D.DE Xtrackers MSCI Japan UCITS ETF | 1.47% | 1.71% | 2.68% | 1.64% |
Frequently Asked Questions
With a correlation of 0.92, JP40.DE and XM1D.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, XM1D.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XM1D.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for JP40.DE.
JP40.DE tracks JPX-Nikkei 400, while XM1D.DE tracks MSCI Japan. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for JP40.DE and 0.12% for XM1D.DE.
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