JPNE.DE vs. 36B4.DE
JPNE.DE (Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist)) and 36B4.DE (iShares MSCI Japan SRI UCITS ETF USD Dist) are both Japan Equities funds - JPNE.DE tracks the MSCI Japan SRI Filtered PAB Index (EUR Hedged) while 36B4.DE tracks the MSCI Japan SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, JPNE.DE returned 11.06%/yr vs 4.83%/yr for 36B4.DE. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
JPNE.DE vs. 36B4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPNE.DE achieves a 10.38% return, which is significantly higher than 36B4.DE's 8.61% return.
JPNE.DE
- 1D
- -1.44%
- 1M
- 2.52%
- 6M
- 6.51%
- YTD
- 10.38%
- 1Y
- 29.29%
- 3Y*
- 13.68%
- 5Y*
- 11.06%
- 10Y*
- —
36B4.DE
- 1D
- -0.79%
- 1M
- 2.83%
- 6M
- 4.52%
- YTD
- 8.61%
- 1Y
- 19.17%
- 3Y*
- 9.22%
- 5Y*
- 4.83%
- 10Y*
- —
JPNE.DE vs. 36B4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
JPNE.DE Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) | 10.38% | 19.27% | 10.65% | 22.81% | -10.54% | 11.39% | 6.72% | 8.16% |
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 8.61% | 6.64% | 9.02% | 9.56% | -13.77% | 9.87% | 6.38% | 7.86% |
Correlation
The correlation between JPNE.DE and 36B4.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | 0.70 |
The correlation between JPNE.DE and 36B4.DE shifts across timeframes, from 0.70 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPNE.DE vs. 36B4.DE — Risk / Return Rank
JPNE.DE
36B4.DE
JPNE.DE vs. 36B4.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) (JPNE.DE) and iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.76 | +1.21 |
| Martin ratioReturn relative to average drawdown | 9.35 | 5.09 | +4.25 |
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Drawdowns
JPNE.DE vs. 36B4.DE - Drawdown Comparison
The maximum JPNE.DE drawdown since its inception was -18.29%, smaller than the maximum 36B4.DE drawdown of -26.98%. Use the drawdown chart below to compare losses from any high point for JPNE.DE and 36B4.DE.
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Drawdown Indicators
| JPNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.29% | -26.98% | +8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -10.82% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -17.75% | -15.67% | -2.08% |
Max Drawdown (5Y)Largest decline over 5 years | -18.06% | -21.57% | +3.51% |
Current DrawdownCurrent decline from peak | -2.35% | -2.03% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -7.09% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.75% | -0.62% |
Volatility
JPNE.DE vs. 36B4.DE - Volatility Comparison
Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) (JPNE.DE) has a higher volatility of 5.78% compared to iShares MSCI Japan SRI UCITS ETF USD Dist (36B4.DE) at 4.74%. This indicates that JPNE.DE's price experiences larger fluctuations and is considered to be riskier than 36B4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPNE.DE | 36B4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 4.74% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 14.24% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 18.44% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 16.33% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 17.25% | +0.10% |
JPNE.DE vs. 36B4.DE - Expense Ratio Comparison
Both JPNE.DE and 36B4.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JPNE.DE vs. 36B4.DE - Dividend Comparison
JPNE.DE's dividend yield for the trailing twelve months is around 1.24%, less than 36B4.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
36B4.DE iShares MSCI Japan SRI UCITS ETF USD Dist | 1.48% | 1.46% | 1.38% | 1.81% | 2.45% | 1.54% | 1.60% | 0.81% |
JPNE.DE Amundi MSCI Japan SRI Climate Paris Aligned UCITS ETF DR EUR Hedged (Dist) | 1.24% | 1.37% | 1.37% | 1.34% | 1.62% | 1.92% | 1.88% | 0.93% |
Frequently Asked Questions
With a correlation of 0.90, JPNE.DE and 36B4.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPNE.DE and 36B4.DE have the same expense ratio: 0.20% per year.
JPNE.DE tracks MSCI Japan SRI Filtered PAB Index (EUR Hedged), while 36B4.DE tracks MSCI Japan SRI Select Reduced Fossil Fuels. They also come from different issuers: Amundi and iShares.
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