JPNH.DE vs. AUM5.DE

Last updated Jul 4, 2026

JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and AUM5.DE (Amundi S&P 500 UCITS ETF EUR) are both exchange-traded funds - JPNH.DE is a Japan Equities fund tracking the TOPIX Index (EUR Hedged), while AUM5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, JPNH.DE returned 14.52%/yr vs 15.03%/yr for AUM5.DE. A 0.62 correlation means they provide meaningful diversification when combined. JPNH.DE charges 0.45%/yr vs 0.15%/yr for AUM5.DE.

Performance

JPNH.DE vs. AUM5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JPNH.DE achieves a 20.19% return, which is significantly higher than AUM5.DE's 12.24% return. Both investments have delivered pretty close results over the past 10 years, with JPNH.DE having a 14.52% annualized return and AUM5.DE not far ahead at 15.03%.

JPNH.DE

• 1D: 0.95%
• 1M: 2.38%
• 6M: 19.98%
• YTD: 20.19%
• 1Y: 46.43%
• 3Y*: 25.43%
• 5Y*: 19.09%
• 10Y*: 14.52%

AUM5.DE

• 1D: 0.21%
• 1M: 0.61%
• 6M: 13.04%
• YTD: 12.24%
• 1Y: 24.13%
• 3Y*: 18.43%
• 5Y*: 13.81%
• 10Y*: 15.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPNH.DE vs. AUM5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)	20.19%	27.75%	21.23%	32.08%	-4.87%	10.85%	5.84%	15.91%	-17.82%	20.38%
AUM5.DE Amundi S&P 500 UCITS ETF EUR	12.24%	4.80%	32.40%	22.65%	-14.14%	40.97%	7.09%	34.94%	-1.01%	6.83%

Correlation

The correlation between JPNH.DE and AUM5.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.61
Correlation (All Time) Calculated using the full available price history since Apr 25, 2013	0.62

The correlation between JPNH.DE and AUM5.DE shifts across timeframes, from 0.51 (3 years) to 0.62 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JPNH.DE vs. AUM5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPNH.DE

JPNH.DE Risk / Return Rank: 89
JPNH.DE Sharpe Ratio Rank: 89
JPNH.DE Sortino Ratio Rank: 89
JPNH.DE Omega Ratio Rank: 88
JPNH.DE Calmar Ratio Rank: 90
JPNH.DE Martin Ratio Rank: 90

AUM5.DE

AUM5.DE Risk / Return Rank: 77
AUM5.DE Sharpe Ratio Rank: 78
AUM5.DE Sortino Ratio Rank: 76
AUM5.DE Omega Ratio Rank: 77
AUM5.DE Calmar Ratio Rank: 78
AUM5.DE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPNH.DE vs. AUM5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.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.

	JPNH.DE	AUM5.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.03	+0.38
Sortino ratio: Return per unit of downside risk	3.37	2.78	+0.59
Omega ratio: Gain probability vs. loss probability	1.45	1.37	+0.07
Calmar ratio: Return relative to maximum drawdown	4.58	3.35	+1.24
Martin ratio: Return relative to average drawdown	16.33	11.77	+4.56

JPNH.DE vs. AUM5.DE - Sharpe Ratio Comparison

The current JPNH.DE Sharpe Ratio is 2.41, which is comparable to the AUM5.DE Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of JPNH.DE and AUM5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JPNH.DE vs. AUM5.DE - Drawdown Comparison

The maximum JPNH.DE drawdown since its inception was -36.52%, which is greater than AUM5.DE's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and AUM5.DE.

Drawdown Indicators

	JPNH.DE	AUM5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-33.65%	-2.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-7.18%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-20.72%	-23.30%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	-20.72%	-23.30%	+2.58%
Max Drawdown (10Y) Largest decline over 10 years	-36.52%	-33.65%	-2.87%
Current Drawdown Current decline from peak	-1.24%	-0.65%	-0.59%
Average Drawdown Average peak-to-trough decline	-7.97%	-3.98%	-3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.04%	+0.80%

Volatility

JPNH.DE vs. AUM5.DE - Volatility Comparison

Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) has a higher volatility of 5.58% compared to Amundi S&P 500 UCITS ETF EUR (AUM5.DE) at 3.66%. This indicates that JPNH.DE's price experiences larger fluctuations and is considered to be riskier than AUM5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPNH.DE	AUM5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	3.66%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	7.97%	+7.24%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	11.89%	+7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	15.22%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	16.08%	+2.15%

JPNH.DE vs. AUM5.DE - Expense Ratio Comparison

JPNH.DE has a 0.45% expense ratio, which is higher than AUM5.DE's 0.15% expense ratio.

Dividends

JPNH.DE vs. AUM5.DE - Dividend Comparison

JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, while AUM5.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUM5.DE Amundi S&P 500 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%
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)	0.74%	0.89%	1.52%	1.29%	1.66%	1.33%	1.09%	1.93%	1.89%	1.36%	1.96%	1.84%

Frequently Asked Questions

Can I hold both JPNH.DE and AUM5.DE in my portfolio?

JPNH.DE and AUM5.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPNH.DE or AUM5.DE?

On fees, AUM5.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPNH.DE or AUM5.DE?

AUM5.DE is cheaper with a 0.15% expense ratio, compared with 0.45% for JPNH.DE.

What is the main difference between JPNH.DE and AUM5.DE?

JPNH.DE is categorized as Japan Equities, while AUM5.DE is S&P 500. JPNH.DE tracks TOPIX Index (EUR Hedged), while AUM5.DE tracks S&P 500 Index. Their fees differ too: 0.45% for JPNH.DE and 0.15% for AUM5.DE.