JPNH.DE vs. EUNN.DE
JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds - JPNH.DE tracks the TOPIX Index (EUR Hedged) while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 10 years, JPNH.DE returned 14.52%/yr vs 9.36%/yr for EUNN.DE. Their correlation of 0.85 suggests significant overlap in exposure. JPNH.DE charges 0.45%/yr vs 0.12%/yr for EUNN.DE.
Performance
JPNH.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JPNH.DE having a 20.19% return and EUNN.DE slightly higher at 20.50%. Over the past 10 years, JPNH.DE has outperformed EUNN.DE with an annualized return of 14.52%, while EUNN.DE has yielded a comparatively lower 9.36% annualized return.
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%
EUNN.DE
- 1D
- 0.83%
- 1M
- 3.12%
- 6M
- 20.63%
- YTD
- 20.50%
- 1Y
- 36.00%
- 3Y*
- 17.30%
- 5Y*
- 10.41%
- 10Y*
- 9.36%
JPNH.DE vs. EUNN.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% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 20.50% | 13.46% | 12.91% | 15.16% | -11.48% | 9.24% | 4.12% | 22.22% | -10.32% | 10.42% |
Correlation
The correlation between JPNH.DE and EUNN.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 | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2013 | 0.85 |
The correlation between JPNH.DE and EUNN.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JPNH.DE vs. EUNN.DE — Risk / Return Rank
JPNH.DE
EUNN.DE
JPNH.DE vs. EUNN.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 iShares Core MSCI Japan IMI UCITS ETF (EUNN.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 | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 3.74 | +0.85 |
| Martin ratioReturn relative to average drawdown | 16.33 | 12.62 | +3.71 |
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Drawdowns
JPNH.DE vs. EUNN.DE - Drawdown Comparison
The maximum JPNH.DE drawdown since its inception was -36.52%, which is greater than EUNN.DE's maximum drawdown of -28.56%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and EUNN.DE.
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Drawdown Indicators
| JPNH.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -28.56% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -9.58% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -15.81% | -4.91% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -19.41% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -28.56% | -7.96% |
Current DrawdownCurrent decline from peak | -1.24% | -1.84% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -6.84% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.84% | 0.00% |
Volatility
JPNH.DE vs. EUNN.DE - Volatility Comparison
Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) have volatilities of 5.58% and 5.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPNH.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 5.84% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 15.27% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 18.55% | +0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 16.20% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 16.10% | +2.13% |
JPNH.DE vs. EUNN.DE - Expense Ratio Comparison
JPNH.DE has a 0.45% expense ratio, which is higher than EUNN.DE's 0.12% expense ratio.
Dividends
JPNH.DE vs. EUNN.DE - Dividend Comparison
JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, while EUNN.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 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
With a correlation of 0.92, JPNH.DE and EUNN.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, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for JPNH.DE.
JPNH.DE tracks TOPIX Index (EUR Hedged), while EUNN.DE tracks MSCI Japan IMI. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for JPNH.DE and 0.12% for EUNN.DE.
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