JPNH.DE vs. LSMC.DE

Last updated Jul 4, 2026

JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and LSMC.DE (Amundi MSCI Semiconductors ESG Screened UCITS ETF) are both exchange-traded funds - JPNH.DE is a Japan Equities fund tracking the TOPIX Index (EUR Hedged), while LSMC.DE is a Semiconductors fund tracking the MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index. Both are passively managed. Over the past 3 years, JPNH.DE returned 25.43%/yr vs 59.62%/yr for LSMC.DE. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.45% expense ratio.

Performance

JPNH.DE vs. LSMC.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 MSCI Semiconductors ESG Screened UCITS ETF (LSMC.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 lower than LSMC.DE's 63.74% 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%

LSMC.DE

• 1D: 2.29%
• 1M: -3.39%
• 6M: 59.12%
• YTD: 63.74%
• 1Y: 110.36%
• 3Y*: 59.62%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)	20.19%	27.75%	21.23%	32.08%	-4.87%	-0.30%
LSMC.DE Amundi MSCI Semiconductors ESG Screened UCITS ETF	63.74%	32.60%	66.51%	74.52%	-34.67%	-0.88%

Correlation

The correlation between JPNH.DE and LSMC.DE is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.53

The correlation between JPNH.DE and LSMC.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.

Return for Risk

JPNH.DE vs. LSMC.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

LSMC.DE

LSMC.DE Risk / Return Rank: 94
LSMC.DE Sharpe Ratio Rank: 96
LSMC.DE Sortino Ratio Rank: 92
LSMC.DE Omega Ratio Rank: 90
LSMC.DE Calmar Ratio Rank: 97
LSMC.DE Martin Ratio Rank: 96

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. LSMC.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 MSCI Semiconductors ESG Screened UCITS ETF (LSMC.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	LSMC.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.41	3.34	-0.92
Sortino ratio: Return per unit of downside risk	3.37	3.69	-0.32
Omega ratio: Gain probability vs. loss probability	1.45	1.47	-0.03
Calmar ratio: Return relative to maximum drawdown	4.58	8.55	-3.96
Martin ratio: Return relative to average drawdown	16.33	25.57	-9.25

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

The current JPNH.DE Sharpe Ratio is 2.41, which is comparable to the LSMC.DE Sharpe Ratio of 3.34. The chart below compares the historical Sharpe Ratios of JPNH.DE and LSMC.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. LSMC.DE - Drawdown Comparison

The maximum JPNH.DE drawdown since its inception was -36.52%, smaller than the maximum LSMC.DE drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and LSMC.DE.

Drawdown Indicators

	JPNH.DE	LSMC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-39.64%	+3.12%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-12.84%	+2.76%
Max Drawdown (3Y) Largest decline over 3 years	-20.72%	-36.22%	+15.50%
Max Drawdown (5Y) Largest decline over 5 years	-20.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.52%	—	—
Current Drawdown Current decline from peak	-1.24%	-7.93%	+6.69%
Average Drawdown Average peak-to-trough decline	-7.97%	-11.34%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	4.30%	-1.46%

Volatility

JPNH.DE vs. LSMC.DE - Volatility Comparison

The current volatility for Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) is 5.58%, while Amundi MSCI Semiconductors ESG Screened UCITS ETF (LSMC.DE) has a volatility of 14.15%. This indicates that JPNH.DE experiences smaller price fluctuations and is considered to be less risky than LSMC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPNH.DE	LSMC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.58%	14.15%	-8.57%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	24.88%	-9.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	32.91%	-13.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.06%	32.56%	-14.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	32.56%	-14.33%

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

Both JPNH.DE and LSMC.DE have an expense ratio of 0.45%.

Dividends

JPNH.DE vs. LSMC.DE - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
LSMC.DE Amundi MSCI Semiconductors ESG Screened 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%

Frequently Asked Questions

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

JPNH.DE and LSMC.DE have a correlation of 0.51, 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 LSMC.DE?

Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

JPNH.DE and LSMC.DE have the same expense ratio: 0.45% per year.

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

JPNH.DE is categorized as Japan Equities, while LSMC.DE is Semiconductors. JPNH.DE tracks TOPIX Index (EUR Hedged), while LSMC.DE tracks MSCI ACWI Semiconductors & Semiconductor Equipment ESG Filtered NET USD Index.