SXRZ.DE vs. JNHD.DE
SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) and JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - SXRZ.DE tracks the Nikkei 225® while JNHD.DE tracks the MSCI Japan Index (EUR Hedged). Both are passively managed. Over the past 5 years, SXRZ.DE returned 12.46%/yr vs 19.63%/yr for JNHD.DE. A 0.79 correlation means they provide meaningful diversification when combined. SXRZ.DE charges 0.48%/yr vs 0.20%/yr for JNHD.DE.
Performance
SXRZ.DE vs. JNHD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRZ.DE achieves a 32.99% return, which is significantly higher than JNHD.DE's 20.87% return.
SXRZ.DE
- 1D
- -0.96%
- 1M
- -2.30%
- 6M
- 25.21%
- YTD
- 32.99%
- 1Y
- 60.44%
- 3Y*
- 21.86%
- 5Y*
- 12.46%
- 10Y*
- 11.22%
JNHD.DE
- 1D
- -1.07%
- 1M
- 0.64%
- 6M
- 13.68%
- YTD
- 20.87%
- 1Y
- 49.88%
- 3Y*
- 27.17%
- 5Y*
- 19.63%
- 10Y*
- —
SXRZ.DE vs. JNHD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.99% | 15.71% | 13.83% | 17.70% | -15.73% | 3.03% | 15.36% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 20.87% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 12.61% |
Correlation
The correlation between SXRZ.DE and JNHD.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.79 |
The correlation between SXRZ.DE and JNHD.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
SXRZ.DE vs. JNHD.DE — Risk / Return Rank
SXRZ.DE
JNHD.DE
SXRZ.DE vs. JNHD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) and Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.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.
| SXRZ.DE | JNHD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.66 | 5.16 | -0.50 |
| Martin ratioReturn relative to average drawdown | 13.40 | 17.07 | -3.67 |
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Drawdowns
SXRZ.DE vs. JNHD.DE - Drawdown Comparison
The maximum SXRZ.DE drawdown since its inception was -29.90%, which is greater than JNHD.DE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for SXRZ.DE and JNHD.DE.
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Drawdown Indicators
| SXRZ.DE | JNHD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.90% | -21.83% | -8.07% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -9.62% | -3.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -21.83% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -21.83% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -29.90% | — | — |
Current DrawdownCurrent decline from peak | -7.82% | -3.25% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -4.16% | -3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 2.91% | +1.59% |
Volatility
SXRZ.DE vs. JNHD.DE - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a higher volatility of 9.46% compared to Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) at 6.77%. This indicates that SXRZ.DE's price experiences larger fluctuations and is considered to be riskier than JNHD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRZ.DE | JNHD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 6.77% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 16.28% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.38% | 20.83% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 18.86% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 18.39% | -0.39% |
SXRZ.DE vs. JNHD.DE - Expense Ratio Comparison
SXRZ.DE has a 0.48% expense ratio, which is higher than JNHD.DE's 0.20% expense ratio.
Dividends
SXRZ.DE vs. JNHD.DE - Dividend Comparison
SXRZ.DE has not paid dividends to shareholders, while JNHD.DE's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 1.50% | 1.82% | 1.85% | 1.72% | 2.52% | 1.83% | 0.78% |
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SXRZ.DE and JNHD.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JNHD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JNHD.DE is cheaper with a 0.20% expense ratio, compared with 0.48% for SXRZ.DE.
SXRZ.DE tracks Nikkei 225®, while JNHD.DE tracks MSCI Japan Index (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.48% for SXRZ.DE and 0.20% for JNHD.DE.
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