JPNH.DE vs. XNKY.DE
JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) and XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) are both Japan Equities funds - JPNH.DE tracks the TOPIX Index (EUR Hedged) while XNKY.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, JPNH.DE returned 19.09%/yr vs 13.08%/yr for XNKY.DE. A 0.77 correlation means they provide meaningful diversification when combined. JPNH.DE charges 0.45%/yr vs 0.09%/yr for XNKY.DE.
Performance
JPNH.DE vs. XNKY.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 XNKY.DE's 36.19% 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%
XNKY.DE
- 1D
- 0.00%
- 1M
- 1.43%
- 6M
- 36.04%
- YTD
- 36.19%
- 1Y
- 60.65%
- 3Y*
- 22.64%
- 5Y*
- 13.08%
- 10Y*
- —
JPNH.DE vs. XNKY.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% | 8.64% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 36.19% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
Correlation
The correlation between JPNH.DE and XNKY.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.77 |
The correlation between JPNH.DE and XNKY.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
JPNH.DE vs. XNKY.DE — Risk / Return Rank
JPNH.DE
XNKY.DE
JPNH.DE vs. XNKY.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 Xtrackers Nikkei 225 UCITS ETF (XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 4.69 | -0.11 |
| Martin ratioReturn relative to average drawdown | 16.33 | 14.08 | +2.25 |
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Drawdowns
JPNH.DE vs. XNKY.DE - Drawdown Comparison
The maximum JPNH.DE drawdown since its inception was -36.52%, which is greater than XNKY.DE's maximum drawdown of -21.47%. Use the drawdown chart below to compare losses from any high point for JPNH.DE and XNKY.DE.
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Drawdown Indicators
| JPNH.DE | XNKY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -21.47% | -15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -12.99% | +2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.72% | -20.16% | -0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -20.72% | -21.15% | +0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -1.24% | -5.73% | +4.49% |
Average DrawdownAverage peak-to-trough decline | -7.97% | -7.80% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 4.33% | -1.49% |
Volatility
JPNH.DE vs. XNKY.DE - Volatility Comparison
The current volatility for Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) is 5.58%, while Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a volatility of 9.58%. This indicates that JPNH.DE experiences smaller price fluctuations and is considered to be less risky than XNKY.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 | XNKY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 9.58% | -4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 20.53% | -5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 25.21% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 19.02% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.69% | -0.46% |
JPNH.DE vs. XNKY.DE - Expense Ratio Comparison
JPNH.DE has a 0.45% expense ratio, which is higher than XNKY.DE's 0.09% expense ratio.
Dividends
JPNH.DE vs. XNKY.DE - Dividend Comparison
JPNH.DE's dividend yield for the trailing twelve months is around 0.74%, while XNKY.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% |
XNKY.DE Xtrackers Nikkei 225 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
JPNH.DE and XNKY.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.45% for JPNH.DE.
JPNH.DE tracks TOPIX Index (EUR Hedged), while XNKY.DE tracks Nikkei 225®. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.45% for JPNH.DE and 0.09% for XNKY.DE.
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