XNKY.DE vs. JNHD.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and JNHD.DE (Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - XNKY.DE tracks the Nikkei 225® while JNHD.DE tracks the MSCI Japan Index (EUR Hedged). Both are passively managed. Over the past 5 years, XNKY.DE returned 13.15%/yr vs 19.63%/yr for JNHD.DE. A 0.79 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.20%/yr for JNHD.DE.
Performance
XNKY.DE vs. JNHD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNKY.DE achieves a 34.73% return, which is significantly higher than JNHD.DE's 20.87% return.
XNKY.DE
- 1D
- 0.00%
- 1M
- -1.17%
- 6M
- 26.91%
- YTD
- 34.73%
- 1Y
- 62.74%
- 3Y*
- 22.79%
- 5Y*
- 13.15%
- 10Y*
- —
JNHD.DE
- 1D
- -1.07%
- 1M
- 0.64%
- 6M
- 13.68%
- YTD
- 20.87%
- 1Y
- 49.88%
- 3Y*
- 27.17%
- 5Y*
- 19.63%
- 10Y*
- —
XNKY.DE vs. JNHD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 34.73% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
JNHD.DE Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) | 20.87% | 27.52% | 23.21% | 32.66% | -7.11% | 11.87% | 10.00% |
Correlation
The correlation between XNKY.DE and JNHD.DE is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.79 |
The correlation between XNKY.DE and JNHD.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. JNHD.DE — Risk / Return Rank
XNKY.DE
JNHD.DE
XNKY.DE vs. JNHD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF (XNKY.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.
| XNKY.DE | JNHD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 5.16 | -0.30 |
| Martin ratioReturn relative to average drawdown | 14.07 | 17.07 | -2.99 |
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Drawdowns
XNKY.DE vs. JNHD.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, roughly equal to the maximum JNHD.DE drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and JNHD.DE.
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Drawdown Indicators
| XNKY.DE | JNHD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -21.83% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -9.62% | -3.37% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -21.83% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -21.83% | +0.68% |
Current DrawdownCurrent decline from peak | -6.74% | -3.25% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -4.16% | -3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.47% | 2.91% | +1.56% |
Volatility
XNKY.DE vs. JNHD.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 9.42% compared to Amundi Core MSCI Japan UCITS ETF EUR Hedged (Dist) (JNHD.DE) at 6.77%. This indicates that XNKY.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
| XNKY.DE | JNHD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.42% | 6.77% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 16.28% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.77% | 20.83% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.14% | 18.86% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 18.39% | +0.39% |
XNKY.DE vs. JNHD.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than JNHD.DE's 0.20% 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
XNKY.DE vs. JNHD.DE - Dividend Comparison
XNKY.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% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNKY.DE and JNHD.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNKY.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNKY.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for JNHD.DE.
XNKY.DE tracks Nikkei 225®, while JNHD.DE tracks MSCI Japan Index (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.09% for XNKY.DE and 0.20% for JNHD.DE.
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