IBCG.DE vs. TTPX.DE
IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) and TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) are both Japan Equities funds - IBCG.DE tracks the MSCI Japan Index (EUR Hedged) while TTPX.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, IBCG.DE returned 14.99%/yr vs 14.51%/yr for TTPX.DE. With a 0.99 correlation, they move nearly in lockstep. IBCG.DE charges 0.64%/yr vs 0.48%/yr for TTPX.DE.
Performance
IBCG.DE vs. TTPX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCG.DE achieves a 21.27% return, which is significantly higher than TTPX.DE's 20.00% return. Both investments have delivered pretty close results over the past 10 years, with IBCG.DE having a 14.99% annualized return and TTPX.DE not far behind at 14.51%.
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
TTPX.DE
- 1D
- 1.01%
- 1M
- 2.45%
- 6M
- 19.74%
- YTD
- 20.00%
- 1Y
- 46.17%
- 3Y*
- 25.47%
- 5Y*
- 19.18%
- 10Y*
- 14.51%
IBCG.DE vs. TTPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 7.58% | 16.67% | -16.91% | 18.65% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 20.00% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
Correlation
The correlation between IBCG.DE and TTPX.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.99 |
The correlation between IBCG.DE and TTPX.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IBCG.DE vs. TTPX.DE — Risk / Return Rank
IBCG.DE
TTPX.DE
IBCG.DE vs. TTPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) and Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.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.
| IBCG.DE | TTPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 4.69 | +0.14 |
| Martin ratioReturn relative to average drawdown | 16.49 | 16.30 | +0.18 |
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Drawdowns
IBCG.DE vs. TTPX.DE - Drawdown Comparison
The maximum IBCG.DE drawdown since its inception was -34.79%, roughly equal to the maximum TTPX.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for IBCG.DE and TTPX.DE.
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Drawdown Indicators
| IBCG.DE | TTPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -36.52% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -9.80% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.63% | -20.65% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -20.65% | -0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | -36.52% | +1.73% |
Current DrawdownCurrent decline from peak | -2.74% | -1.22% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -7.82% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.82% | +0.10% |
Volatility
IBCG.DE vs. TTPX.DE - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a higher volatility of 6.70% compared to Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) at 5.68%. This indicates that IBCG.DE's price experiences larger fluctuations and is considered to be riskier than TTPX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCG.DE | TTPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 5.68% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 15.12% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.07% | 19.07% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 18.07% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 18.20% | +0.25% |
IBCG.DE vs. TTPX.DE - Expense Ratio Comparison
IBCG.DE has a 0.64% expense ratio, which is higher than TTPX.DE's 0.48% expense ratio.
Dividends
IBCG.DE vs. TTPX.DE - Dividend Comparison
Neither IBCG.DE nor TTPX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, IBCG.DE and TTPX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, TTPX.DE is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TTPX.DE is cheaper with a 0.48% expense ratio, compared with 0.64% for IBCG.DE.
IBCG.DE tracks MSCI Japan Index (EUR Hedged), while TTPX.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.64% for IBCG.DE and 0.48% for TTPX.DE.
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