XNKY.DE vs. JPNH.DE
XNKY.DE (Xtrackers Nikkei 225 UCITS ETF) and JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds - XNKY.DE tracks the Nikkei 225® while JPNH.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 5 years, XNKY.DE returned 12.47%/yr vs 18.61%/yr for JPNH.DE. A 0.77 correlation means they provide meaningful diversification when combined. XNKY.DE charges 0.09%/yr vs 0.45%/yr for JPNH.DE.
Performance
XNKY.DE vs. JPNH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNKY.DE achieves a 30.76% return, which is significantly higher than JPNH.DE's 16.56% return.
XNKY.DE
- 1D
- 0.00%
- 1M
- -5.82%
- 6M
- 22.85%
- YTD
- 30.76%
- 1Y
- 56.07%
- 3Y*
- 21.27%
- 5Y*
- 12.47%
- 10Y*
- —
JPNH.DE
- 1D
- -2.24%
- 1M
- -2.67%
- 6M
- 9.41%
- YTD
- 16.56%
- 1Y
- 42.09%
- 3Y*
- 24.65%
- 5Y*
- 18.61%
- 10Y*
- 13.42%
XNKY.DE vs. JPNH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 30.76% | 16.16% | 14.34% | 18.03% | -15.35% | 3.16% | 7.65% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 16.56% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 8.64% |
Correlation
The correlation between XNKY.DE and JPNH.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2020 | 0.77 |
The correlation between XNKY.DE and JPNH.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
XNKY.DE vs. JPNH.DE — Risk / Return Rank
XNKY.DE
JPNH.DE
XNKY.DE vs. JPNH.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 Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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 | JPNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | 4.16 | +0.18 |
| Martin ratioReturn relative to average drawdown | 12.34 | 14.64 | -2.30 |
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Drawdowns
XNKY.DE vs. JPNH.DE - Drawdown Comparison
The maximum XNKY.DE drawdown since its inception was -21.47%, smaller than the maximum JPNH.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for XNKY.DE and JPNH.DE.
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Drawdown Indicators
| XNKY.DE | JPNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.47% | -36.52% | +15.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -10.08% | -2.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.16% | -20.72% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -21.15% | -20.72% | -0.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.52% | — |
Current DrawdownCurrent decline from peak | -9.49% | -4.32% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -7.95% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.87% | +1.69% |
Volatility
XNKY.DE vs. JPNH.DE - Volatility Comparison
Xtrackers Nikkei 225 UCITS ETF (XNKY.DE) has a higher volatility of 9.09% compared to Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) at 5.93%. This indicates that XNKY.DE's price experiences larger fluctuations and is considered to be riskier than JPNH.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 | JPNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 5.93% | +3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 20.87% | 15.63% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.87% | 19.58% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.15% | 18.07% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 18.18% | +0.61% |
XNKY.DE vs. JPNH.DE - Expense Ratio Comparison
XNKY.DE has a 0.09% expense ratio, which is lower than JPNH.DE's 0.45% expense ratio.
Dividends
XNKY.DE vs. JPNH.DE - Dividend Comparison
XNKY.DE has not paid dividends to shareholders, while JPNH.DE's dividend yield for the trailing twelve months is around 0.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 0.76% | 0.89% | 1.52% | 1.29% | 1.66% | 1.33% | 1.09% | 1.93% | 1.89% | 1.36% | 1.96% | 1.84% |
XNKY.DE Xtrackers Nikkei 225 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNKY.DE and JPNH.DE have a correlation of 0.79, 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 0.45% for JPNH.DE.
XNKY.DE tracks Nikkei 225®, while JPNH.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.09% for XNKY.DE and 0.45% for JPNH.DE.
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