JPNH.DE vs. IUS4.DE
JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - JPNH.DE tracks the TOPIX Index (EUR Hedged) while IUS4.DE tracks the MSCI Japan Small Cap. Both are passively managed. Over the past 10 years, JPNH.DE returned 14.52%/yr vs 8.02%/yr for IUS4.DE. A 0.75 correlation means they provide meaningful diversification when combined. JPNH.DE charges 0.45%/yr vs 0.58%/yr for IUS4.DE.
Performance
JPNH.DE vs. IUS4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPNH.DE achieves a 20.19% return, which is significantly lower than IUS4.DE's 22.03% return. Over the past 10 years, JPNH.DE has outperformed IUS4.DE with an annualized return of 14.52%, while IUS4.DE has yielded a comparatively lower 8.02% 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%
IUS4.DE
- 1D
- 1.33%
- 1M
- 5.89%
- 6M
- 22.20%
- YTD
- 22.03%
- 1Y
- 35.43%
- 3Y*
- 17.66%
- 5Y*
- 9.32%
- 10Y*
- 8.02%
JPNH.DE vs. IUS4.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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 22.03% | 15.97% | 9.46% | 9.42% | -7.68% | 5.35% | -2.08% | 21.73% | -13.13% | 15.52% |
Correlation
The correlation between JPNH.DE and IUS4.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2013 | 0.75 |
The correlation between JPNH.DE and IUS4.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
JPNH.DE vs. IUS4.DE — Risk / Return Rank
JPNH.DE
IUS4.DE
JPNH.DE vs. IUS4.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 MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 3.49 | +1.09 |
| Martin ratioReturn relative to average drawdown | 16.33 | 12.11 | +4.22 |
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Drawdowns
JPNH.DE vs. IUS4.DE - Drawdown Comparison
The maximum JPNH.DE drawdown since its inception was -36.52%, smaller than the maximum IUS4.DE drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and IUS4.DE.
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Drawdown Indicators
| JPNH.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -51.61% | +15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -10.11% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -12.92% | -7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -21.46% | +0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -32.62% | -3.90% |
Current DrawdownCurrent decline from peak | -1.24% | 0.00% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -15.04% | +7.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.92% | -0.08% |
Volatility
JPNH.DE vs. IUS4.DE - Volatility Comparison
Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) has a higher volatility of 5.58% compared to iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) at 4.14%. This indicates that JPNH.DE's price experiences larger fluctuations and is considered to be riskier than IUS4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPNH.DE | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 4.14% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 13.78% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 16.26% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 14.98% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 15.92% | +2.31% |
JPNH.DE vs. IUS4.DE - Expense Ratio Comparison
JPNH.DE has a 0.45% expense ratio, which is lower than IUS4.DE's 0.58% expense ratio.
Dividends
JPNH.DE vs. IUS4.DE - Dividend Comparison
JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, less than IUS4.DE's 1.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.58% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
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
JPNH.DE and IUS4.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPNH.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPNH.DE is cheaper with a 0.45% expense ratio, compared with 0.58% for IUS4.DE.
JPNH.DE tracks TOPIX Index (EUR Hedged), while IUS4.DE tracks MSCI Japan Small Cap. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for JPNH.DE and 0.58% for IUS4.DE.
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