JPNH.DE vs. JNHD.DE
JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Amundi - JPNH.DE tracks the TOPIX Index (EUR Hedged) while JNHD.DE tracks the MSCI Japan Index (EUR Hedged). Both are passively managed. Over the past 5 years, JPNH.DE returned 19.09%/yr vs 19.50%/yr for JNHD.DE. With a 0.99 correlation, they move nearly in lockstep. JPNH.DE charges 0.45%/yr vs 0.20%/yr for JNHD.DE.
Performance
JPNH.DE vs. JNHD.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 JNHD.DE's 21.67% 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%
JNHD.DE
- 1D
- 1.32%
- 1M
- 1.97%
- 6M
- 21.32%
- YTD
- 21.67%
- 1Y
- 48.96%
- 3Y*
- 26.37%
- 5Y*
- 19.50%
- 10Y*
- —
JPNH.DE vs. JNHD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 20.19% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 10.24% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 21.67% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 12.61% |
Correlation
The correlation between JPNH.DE and JNHD.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.99 |
The correlation between JPNH.DE and JNHD.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
JPNH.DE vs. JNHD.DE — Risk / Return Rank
JPNH.DE
JNHD.DE
JPNH.DE vs. JNHD.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 Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.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 | JNHD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 5.06 | -0.48 |
| Martin ratioReturn relative to average drawdown | 16.33 | 17.06 | -0.74 |
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Drawdowns
JPNH.DE vs. JNHD.DE - Drawdown Comparison
The maximum JPNH.DE drawdown since its inception was -36.52%, which is greater than JNHD.DE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and JNHD.DE.
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Drawdown Indicators
| JPNH.DE | JNHD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -21.83% | -14.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -9.62% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -21.83% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -21.83% | +1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -2.61% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -4.17% | -3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.86% | -0.02% |
Volatility
JPNH.DE vs. JNHD.DE - Volatility Comparison
The current volatility for Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) is 5.58%, while Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) has a volatility of 6.69%. This indicates that JPNH.DE experiences smaller price fluctuations and is considered to be less risky than JNHD.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 | JNHD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 6.69% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 15.94% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 20.45% | -1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 18.83% | -0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.36% | -0.13% |
JPNH.DE vs. JNHD.DE - Expense Ratio Comparison
JPNH.DE has a 0.45% expense ratio, which is higher than JNHD.DE's 0.20% expense ratio.
Dividends
JPNH.DE vs. JNHD.DE - Dividend Comparison
JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, less than JNHD.DE's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 1.49% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% | 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 0.97, JPNH.DE and JNHD.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, JNHD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JNHD.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for JPNH.DE.
JPNH.DE tracks TOPIX Index (EUR Hedged), while JNHD.DE tracks MSCI Japan Index (EUR Hedged). Their fees differ too: 0.45% for JPNH.DE and 0.20% for JNHD.DE.
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