JP40.DE vs. XMK9.DE
JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) and XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) are both Japan Equities funds - JP40.DE tracks the JPX-Nikkei 400 while XMK9.DE tracks the MSCI Japan. Both are passively managed. Over the past 10 years, JP40.DE returned 8.93%/yr vs 13.95%/yr for XMK9.DE. Their correlation of 0.82 suggests significant overlap in exposure. JP40.DE charges 0.18%/yr vs 0.40%/yr for XMK9.DE.
Performance
JP40.DE vs. XMK9.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 XMK9.DE's 19.57% return. Over the past 10 years, JP40.DE has underperformed XMK9.DE with an annualized return of 8.93%, while XMK9.DE has yielded a comparatively higher 13.95% 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%
XMK9.DE
- 1D
- 0.46%
- 1M
- 6.02%
- YTD
- 19.57%
- 6M
- 21.48%
- 1Y
- 51.09%
- 3Y*
- 26.94%
- 5Y*
- 19.08%
- 10Y*
- 13.95%
JP40.DE vs. XMK9.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% |
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 19.57% | 27.06% | 22.49% | 33.31% | -6.05% | 11.97% | 7.34% | 17.42% | -16.83% | 18.79% |
Correlation
The correlation between JP40.DE and XMK9.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 | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2015 | 0.82 |
The correlation between JP40.DE and XMK9.DE has been stable across timeframes, ranging from 0.77 to 0.84 - 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. XMK9.DE — Risk / Return Rank
JP40.DE
XMK9.DE
JP40.DE vs. XMK9.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 4C EUR Hedged (XMK9.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 | XMK9.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.49 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 5.21 | -2.18 |
| Martin ratioReturn relative to average drawdown | 10.04 | 17.91 | -7.87 |
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 | XMK9.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.64 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 1.01 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.74 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.70 | -0.24 |
Drawdowns
JP40.DE vs. XMK9.DE - Drawdown Comparison
The maximum JP40.DE drawdown since its inception was -28.51%, smaller than the maximum XMK9.DE drawdown of -34.29%. Use the drawdown chart below to compare losses from any high point for JP40.DE and XMK9.DE.
Loading charts...
Drawdown Indicators
| JP40.DE | XMK9.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.51% | -34.29% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.72% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.82% | -21.74% | +5.92% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -21.74% | +2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -28.51% | -34.29% | +5.78% |
Current DrawdownCurrent decline from peak | -0.23% | 0.00% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -7.71% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.83% | +0.02% |
Volatility
JP40.DE vs. XMK9.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 4C EUR Hedged (XMK9.DE) has a volatility of 3.68%. This indicates that JP40.DE experiences smaller price fluctuations and is considered to be less risky than XMK9.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JP40.DE | XMK9.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.68% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 14.80% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 19.21% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 18.65% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.50% | 18.80% | -2.30% |
JP40.DE vs. XMK9.DE - Expense Ratio Comparison
JP40.DE has a 0.18% expense ratio, which is lower than XMK9.DE's 0.40% expense ratio.
Dividends
JP40.DE vs. XMK9.DE - Dividend Comparison
Neither JP40.DE nor XMK9.DE has paid dividends to shareholders.
Frequently Asked Questions
JP40.DE and XMK9.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 0.40% for XMK9.DE.
JP40.DE tracks JPX-Nikkei 400, while XMK9.DE tracks MSCI Japan. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for JP40.DE and 0.40% for XMK9.DE.
Find the right allocation for JP40.DE and XMK9.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