SGAJ.DE vs. JP40.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and JP40.DE (Amundi JPX Nikkei 400 UCITS ETF EUR) are both Japan Equities funds - SGAJ.DE tracks the MSCI Japan ESG Screened while JP40.DE tracks the JPX-Nikkei 400. Both are passively managed. Over the past 5 years, SGAJ.DE returned 9.71%/yr vs 9.88%/yr for JP40.DE. With a 0.96 correlation, they move nearly in lockstep. SGAJ.DE charges 0.15%/yr vs 0.18%/yr for JP40.DE.
Performance
SGAJ.DE vs. JP40.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SGAJ.DE achieves a 17.45% return, which is significantly higher than JP40.DE's 16.15% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 4.03%
- YTD
- 17.45%
- 6M
- 17.53%
- 1Y
- 31.96%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 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%
SGAJ.DE vs. JP40.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -12.85% | 9.72% | 5.86% | 23.60% | -6.85% |
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% | -6.68% |
Correlation
The correlation between SGAJ.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 Oct 25, 2018 | 0.96 |
The correlation between SGAJ.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
SGAJ.DE vs. JP40.DE — Risk / Return Rank
SGAJ.DE
JP40.DE
SGAJ.DE vs. JP40.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.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.
| SGAJ.DE | JP40.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.03 | -0.07 |
| Martin ratioReturn relative to average drawdown | 9.77 | 10.04 | -0.28 |
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
| SGAJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.58 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 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 | 0.55 | 0.46 | +0.08 |
Drawdowns
SGAJ.DE vs. JP40.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, roughly equal to the maximum JP40.DE drawdown of -28.51%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and JP40.DE.
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Drawdown Indicators
| SGAJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -28.51% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.43% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -15.82% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -19.66% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.51% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.23% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -6.10% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.85% | +0.30% |
Volatility
SGAJ.DE vs. JP40.DE - Volatility Comparison
iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) and Amundi JPX Nikkei 400 UCITS ETF EUR (JP40.DE) have volatilities of 3.44% and 3.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGAJ.DE | JP40.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.29% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 14.70% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 18.10% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 16.56% | +0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 16.50% | +0.91% |
SGAJ.DE vs. JP40.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% 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
SGAJ.DE vs. JP40.DE - Dividend Comparison
Neither SGAJ.DE nor JP40.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SGAJ.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, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for JP40.DE.
SGAJ.DE tracks MSCI Japan ESG Screened, while JP40.DE tracks JPX-Nikkei 400. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for SGAJ.DE and 0.18% for JP40.DE.
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