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Nikkei 225 (^N225)
Performance
Return for Risk
Drawdowns
Volatility

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of ¥10,000 in Nikkei 225, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Different Benchmark Currency

^N225 is traded in JPY, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to JPY using the latest available exchange rates.

Returns By Period

Nikkei 225 (^N225) has returned 5.07% so far this year and 48.50% over the past 12 months. Over the last ten years, ^N225 has returned 12.59% per year, falling short of the S&P 500 Index benchmark, which averaged 16.19% annually.


Nikkei 225

1D
3.58%
1M
-10.12%
YTD
5.07%
6M
17.72%
1Y
48.50%
3Y*
23.56%
5Y*
12.12%
10Y*
12.59%

Benchmark (S&P 500 Index)

1D
2.42%
1M
-3.33%
YTD
-3.38%
6M
4.94%
1Y
23.29%
3Y*
23.90%
5Y*
18.47%
10Y*
16.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 5, 1970, ^N225's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, your investment would double in approximately 9.5 years.

Historically, 57% of months were positive and 43% were negative. The best month was Oct 1990 with a return of +20.1%, while the worst month was Oct 2008 at -23.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ^N225 closed higher 53% of trading days. The best single day was Oct 14, 2008 with a return of +14.2%, while the worst single day was Oct 20, 1987 at -14.9%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20265.93%10.37%-13.23%3.58%5.07%
2025-0.81%-6.11%-4.14%1.20%5.33%6.64%1.44%4.01%5.18%16.64%-4.12%0.17%26.18%
20248.43%7.94%3.07%-4.86%0.21%2.85%-1.22%-1.16%-1.88%3.06%-2.23%4.41%19.22%
20234.72%0.43%2.17%2.91%7.04%7.45%-0.05%-1.67%-2.34%-3.14%8.52%-0.07%28.24%
2022-6.22%-1.76%4.88%-3.50%1.61%-3.25%5.34%1.04%-7.67%6.36%1.38%-6.70%-9.37%
20210.80%4.71%0.73%-1.25%0.16%-0.24%-5.24%2.95%4.85%-1.90%-3.71%3.49%4.91%

Benchmark Metrics

Nikkei 225 has an annualized alpha of 5.11%, beta of 0.19, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since January 06, 1970.

  • This index participated in 92.70% of S&P 500 Index downside but only 74.78% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.19 may look defensive, but with R² of 0.04 this index is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this index's risk.
  • R² of 0.04 means this index moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
5.11%
Beta
0.19
0.04
Upside Capture
74.78%
Downside Capture
92.70%

Return for Risk

Risk / Return Rank

^N225 ranks 90 for risk / return — in the top 90% of indices on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


^N225 Risk / Return Rank: 9090
Overall Rank
^N225 Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
^N225 Sortino Ratio Rank: 9595
Sortino Ratio Rank
^N225 Omega Ratio Rank: 9393
Omega Ratio Rank
^N225 Calmar Ratio Rank: 8484
Calmar Ratio Rank
^N225 Martin Ratio Rank: 8787
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Nikkei 225 (^N225) and compare them to a chosen benchmark (S&P 500 Index).


^N225BenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.88

1.02

+0.86

Sortino ratio

Return per unit of downside risk

2.58

1.53

+1.05

Omega ratio

Gain probability vs. loss probability

1.35

1.24

+0.11

Calmar ratio

Return relative to maximum drawdown

2.23

1.70

+0.52

Martin ratio

Return relative to average drawdown

8.87

6.96

+1.90

Explore ^N225 risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Nikkei 225. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Nikkei 225 was 81.87%, occurring on Mar 10, 2009. Recovery took 3658 trading sessions.

The current Nikkei 225 drawdown is 10.12%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-81.87%Jan 4, 19904724Mar 10, 20093658Feb 22, 20248382
-37.4%Jan 25, 1973487Oct 9, 1974979Mar 28, 19781466
-26.26%Jul 12, 2024179Apr 7, 202586Aug 12, 2025265
-23.86%Apr 7, 197041May 27, 1970311Jun 15, 1971352
-21.09%Aug 16, 19718Aug 24, 1971107Jan 6, 1972115

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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