^N225 vs. HG=F

Last updated Jun 9, 2026

^N225 (Nikkei 225) is an index, while HG=F (Copper) is an asset. At a 0.03 correlation, their price movements are largely independent.

Performance

^N225 vs. HG=F - Performance Comparison

The chart below illustrates the hypothetical performance of a ¥10,000 investment in Nikkei 225 (^N225) and Copper (HG=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

^N225

• 1D: -3.56%
• 1M: 2.40%
• YTD: 27.57%
• 6M: 26.96%
• 1Y: 70.16%
• 3Y*: 25.79%
• 5Y*: 17.27%
• 10Y*: 14.49%

HG=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

^N225 vs. HG=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
^N225 Nikkei 225	27.57%	26.18%	19.22%	28.24%	-2.33%
HG=F Copper	0.00%	0.00%	0.00%	0.00%	14.24%

Correlation

The correlation between ^N225 and HG=F is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.03

Return for Risk

^N225 vs. HG=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^N225

^N225 Risk / Return Rank: 94
^N225 Sharpe Ratio Rank: 93
^N225 Sortino Ratio Rank: 95
^N225 Omega Ratio Rank: 93
^N225 Calmar Ratio Rank: 95
^N225 Martin Ratio Rank: 95

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.

^N225 vs. HG=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nikkei 225 (^N225) and Copper (HG=F). 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.

	^N225	HG=F	Difference
Sharpe ratio: Return per unit of total volatility	2.89	—	—
Sortino ratio: Return per unit of downside risk	3.86	—	—
Omega ratio: Gain probability vs. loss probability	1.48	—	—
Calmar ratio: Return relative to maximum drawdown	5.46	—	—
Martin ratio: Return relative to average drawdown	19.16	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	^N225	HG=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.89	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	—	—

Drawdowns

Drawdown Indicators

	^N225	HG=F	Difference
Max Drawdown Largest peak-to-trough decline	-81.87%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.80%	—	—
Current Drawdown Current decline from peak	-6.11%	—	—
Average Drawdown Average peak-to-trough decline	-35.65%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	—	—

Volatility

Volatility by Period

	^N225	HG=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.01%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.42%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	—	—

Frequently Asked Questions

Can I hold both ^N225 and HG=F in my portfolio?

^N225 and HG=F have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.