NADA.DE vs. JP40.DE
NADA.DE (Amundi Core MSCI Japan UCITS ETF Distributing) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds from Amundi - NADA.DE tracks the MSCI Japan Index while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, NADA.DE returned 10.47%/yr vs 10.21%/yr for JP40.DE. With a 0.95 correlation, they move nearly in lockstep. NADA.DE charges 0.12%/yr vs 0.18%/yr for JP40.DE.
Performance
NADA.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, NADA.DE achieves a 19.90% return, which is significantly higher than JP40.DE's 18.66% return.
NADA.DE
- 1D
- 0.49%
- 1M
- 3.64%
- YTD
- 19.90%
- 6M
- 20.31%
- 1Y
- 38.41%
- 3Y*
- 17.56%
- 5Y*
- 10.47%
- 10Y*
- —
JP40.DE
- 1D
- 0.28%
- 1M
- 2.33%
- YTD
- 18.66%
- 6M
- 19.04%
- 1Y
- 35.40%
- 3Y*
- 16.95%
- 5Y*
- 10.21%
- 10Y*
- 9.31%
NADA.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NADA.DE Amundi Core MSCI Japan UCITS ETF Distributing | 19.90% | 12.75% | 13.65% | 16.45% | -12.50% | 9.86% | 9.71% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 18.66% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 9.54% |
Correlation
The correlation between NADA.DE and JP40.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.95 |
The correlation between NADA.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
NADA.DE vs. JP40.DE — Risk / Return Rank
NADA.DE
JP40.DE
NADA.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI Japan UCITS ETF Distributing (NADA.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.
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.
| NADA.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 3.74 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.27 | 12.31 | -0.04 |
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Drawdowns
NADA.DE vs. JP40.DE - Drawdown Comparison
The maximum NADA.DE drawdown since its inception was -19.09%, smaller than the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for NADA.DE and JP40.DE.
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Drawdown Indicators
| NADA.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.09% | -28.51% | +9.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.99% | -9.43% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -15.82% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.09% | -19.66% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -2.85% | -2.48% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -5.99% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.87% | +0.25% |
Volatility
NADA.DE vs. JP40.DE - Volatility Comparison
Amundi Core MSCI Japan UCITS ETF Distributing (NADA.DE) has a higher volatility of 6.21% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 5.37%. This indicates that NADA.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
| NADA.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 5.37% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 15.44% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 18.74% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 16.69% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 16.44% | -0.06% |
NADA.DE vs. JP40.DE - Expense Ratio Comparison
NADA.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
NADA.DE vs. JP40.DE - Dividend Comparison
NADA.DE's dividend yield for the trailing twelve months is around 1.59%, while JP40.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NADA.DE Amundi Core MSCI Japan UCITS ETF Distributing | 1.59% | 1.90% | 1.93% | 1.75% | 2.64% | 1.95% | 0.60% |
Frequently Asked Questions
With a correlation of 0.95, NADA.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, NADA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NADA.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for JP40.DE.
NADA.DE tracks MSCI Japan Index, while JP40.DE tracks JPX-Nikkei 400. Their fees differ too: 0.12% for NADA.DE and 0.18% for JP40.DE.
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