SC0I.DE vs. JP40.DE
SC0I.DE (Invesco MSCI Japan UCITS ETF) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - SC0I.DE tracks the MSCI Japan while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 10 years, SC0I.DE returned 8.52%/yr vs 8.48%/yr for JP40.DE. With a 0.95 correlation, they move nearly in lockstep. SC0I.DE charges 0.19%/yr vs 0.18%/yr for JP40.DE.
Performance
SC0I.DE vs. JP40.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SC0I.DE having a 14.80% return and JP40.DE slightly higher at 14.91%. Both investments have delivered pretty close results over the past 10 years, with SC0I.DE having a 8.52% annualized return and JP40.DE not far behind at 8.48%.
SC0I.DE
- 1D
- -2.54%
- 1M
- -4.40%
- 6M
- 7.55%
- YTD
- 14.80%
- 1Y
- 32.01%
- 3Y*
- 15.32%
- 5Y*
- 9.37%
- 10Y*
- 8.52%
JP40.DE
- 1D
- -2.36%
- 1M
- -3.13%
- 6M
- 7.76%
- YTD
- 14.91%
- 1Y
- 30.12%
- 3Y*
- 15.18%
- 5Y*
- 9.55%
- 10Y*
- 8.48%
SC0I.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SC0I.DE Invesco MSCI Japan UCITS ETF | 14.80% | 12.31% | 13.65% | 16.36% | -12.51% | 9.85% | 5.13% | 22.22% | -9.86% | 9.04% |
JP40.DE Amundi JPX Nikkei 400 UCITS ETF EUR | 14.91% | 12.78% | 13.18% | 15.77% | -11.05% | 8.49% | 4.79% | 22.33% | -10.68% | 9.57% |
Correlation
The correlation between SC0I.DE and JP40.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2014 | 0.95 |
The correlation between SC0I.DE and JP40.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
SC0I.DE vs. JP40.DE — Risk / Return Rank
SC0I.DE
JP40.DE
SC0I.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (SC0I.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.
| SC0I.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.18 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.87 | 10.51 | -0.64 |
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Drawdowns
SC0I.DE vs. JP40.DE - Drawdown Comparison
The maximum SC0I.DE drawdown since its inception was -41.87%, which is greater than JP40.DE's maximum drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for SC0I.DE and JP40.DE.
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Drawdown Indicators
| SC0I.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.87% | -28.51% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -9.43% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.83% | -15.82% | -1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -19.11% | -19.66% | +0.55% |
Max Drawdown (10Y)Largest decline over 10 years | -28.00% | -28.51% | +0.51% |
Current DrawdownCurrent decline from peak | -7.18% | -5.57% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -13.49% | -5.97% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.86% | +0.37% |
Volatility
SC0I.DE vs. JP40.DE - Volatility Comparison
Invesco MSCI Japan UCITS ETF (SC0I.DE) has a higher volatility of 6.75% compared to Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) at 6.07%. This indicates that SC0I.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
| SC0I.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 6.07% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.47% | 15.79% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 19.16% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 16.76% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.35% | 16.47% | +0.88% |
SC0I.DE vs. JP40.DE - Expense Ratio Comparison
SC0I.DE has a 0.19% expense ratio, which is higher than JP40.DE's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0I.DE vs. JP40.DE - Dividend Comparison
Neither SC0I.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SC0I.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, JP40.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JP40.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for SC0I.DE.
SC0I.DE tracks MSCI Japan, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for SC0I.DE and 0.18% for JP40.DE.
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