LCUJ.DE vs. JP40.DE
LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds from Amundi - LCUJ.DE tracks the MSCI Japan while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, LCUJ.DE returned 10.17%/yr vs 9.88%/yr for JP40.DE. With a 0.95 correlation, they move nearly in lockstep. LCUJ.DE charges 0.12%/yr vs 0.18%/yr for JP40.DE.
Performance
LCUJ.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LCUJ.DE achieves a 17.36% return, which is significantly higher than JP40.DE's 16.15% return.
LCUJ.DE
- 1D
- 0.81%
- 1M
- 3.93%
- YTD
- 17.36%
- 6M
- 17.31%
- 1Y
- 32.44%
- 3Y*
- 15.71%
- 5Y*
- 10.17%
- 10Y*
- —
JP40.DE
- 1D
- -0.23%
- 1M
- 2.36%
- YTD
- 16.15%
- 6M
- 16.10%
- 1Y
- 29.23%
- 3Y*
- 14.99%
- 5Y*
- 9.88%
- 10Y*
- 8.93%
LCUJ.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 17.36% | 12.70% | 13.58% | 16.52% | -12.48% | 10.04% | 5.10% | 22.43% | -7.06% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 16.15% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 22.33% | -8.65% |
Correlation
The correlation between LCUJ.DE and JP40.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.95 |
The correlation between LCUJ.DE and JP40.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
LCUJ.DE vs. JP40.DE — Risk / Return Rank
LCUJ.DE
JP40.DE
LCUJ.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) and Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.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.
| LCUJ.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.03 | -0.03 |
| Martin ratioReturn relative to average drawdown | 9.68 | 10.04 | -0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCUJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.58 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.59 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.46 | +0.05 |
Drawdowns
LCUJ.DE vs. JP40.DE - Drawdown Comparison
The maximum LCUJ.DE drawdown since its inception was -28.01%, roughly equal to the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for LCUJ.DE and JP40.DE.
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Drawdown Indicators
| LCUJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -28.51% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.08% | -9.43% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -15.82% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -19.66% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -6.10% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.85% | +0.28% |
Volatility
LCUJ.DE vs. JP40.DE - Volatility Comparison
Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a higher volatility of 4.13% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 3.29%. This indicates that LCUJ.DE's price experiences larger fluctuations and is considered to be riskier than JP40.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCUJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.29% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.92% | 14.70% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.78% | 18.10% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 16.56% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 16.50% | +0.60% |
LCUJ.DE vs. JP40.DE - Expense Ratio Comparison
LCUJ.DE has a 0.12% expense ratio, which is lower than JP40.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LCUJ.DE vs. JP40.DE - Dividend Comparison
Neither LCUJ.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, LCUJ.DE and JP40.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, LCUJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUJ.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for JP40.DE.
LCUJ.DE tracks MSCI Japan, while JP40.DE tracks JPX-Nikkei 400. Their fees differ too: 0.12% for LCUJ.DE and 0.18% for JP40.DE.
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