IUS4.DE vs. TTPX.DE
IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) are both Japan Equities funds - IUS4.DE tracks the MSCI Japan Small Cap while TTPX.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, IUS4.DE returned 7.35%/yr vs 13.40%/yr for TTPX.DE. A 0.75 correlation means they provide meaningful diversification when combined. IUS4.DE charges 0.58%/yr vs 0.48%/yr for TTPX.DE.
Performance
IUS4.DE vs. TTPX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IUS4.DE having a 15.59% return and TTPX.DE slightly higher at 16.32%. Over the past 10 years, IUS4.DE has underperformed TTPX.DE with an annualized return of 7.35%, while TTPX.DE has yielded a comparatively higher 13.40% annualized return.
IUS4.DE
- 1D
- -1.88%
- 1M
- -1.42%
- 6M
- 10.05%
- YTD
- 15.59%
- 1Y
- 28.10%
- 3Y*
- 15.41%
- 5Y*
- 8.01%
- 10Y*
- 7.35%
TTPX.DE
- 1D
- -2.26%
- 1M
- -2.69%
- 6M
- 9.26%
- YTD
- 16.32%
- 1Y
- 41.95%
- 3Y*
- 24.66%
- 5Y*
- 18.70%
- 10Y*
- 13.40%
IUS4.DE vs. TTPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.59% | 15.97% | 9.46% | 9.42% | -7.68% | 5.35% | -2.08% | 21.73% | -13.13% | 15.52% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 16.32% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
Correlation
The correlation between IUS4.DE and TTPX.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.75 |
The correlation between IUS4.DE and TTPX.DE has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
IUS4.DE vs. TTPX.DE — Risk / Return Rank
IUS4.DE
TTPX.DE
IUS4.DE vs. TTPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.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.
| IUS4.DE | TTPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 4.26 | -1.49 |
| Martin ratioReturn relative to average drawdown | 9.46 | 14.65 | -5.19 |
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Drawdowns
IUS4.DE vs. TTPX.DE - Drawdown Comparison
The maximum IUS4.DE drawdown since its inception was -51.61%, which is greater than TTPX.DE's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for IUS4.DE and TTPX.DE.
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Drawdown Indicators
| IUS4.DE | TTPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.61% | -36.52% | -15.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -9.80% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -12.92% | -20.65% | +7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -20.65% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -32.62% | -36.52% | +3.90% |
Current DrawdownCurrent decline from peak | -4.76% | -4.33% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -15.01% | -7.80% | -7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.86% | +0.10% |
Volatility
IUS4.DE vs. TTPX.DE - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) is 4.93%, while Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) has a volatility of 6.03%. This indicates that IUS4.DE experiences smaller price fluctuations and is considered to be less risky 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
| IUS4.DE | TTPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 6.03% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 15.54% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 19.47% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.00% | 18.09% | -3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 18.15% | -2.20% |
IUS4.DE vs. TTPX.DE - Expense Ratio Comparison
IUS4.DE has a 0.58% expense ratio, which is higher than TTPX.DE's 0.48% expense ratio.
Dividends
IUS4.DE vs. TTPX.DE - Dividend Comparison
IUS4.DE's dividend yield for the trailing twelve months is around 0.99%, while TTPX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.99% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 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
IUS4.DE and TTPX.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.58% for IUS4.DE.
IUS4.DE tracks MSCI Japan Small Cap, while TTPX.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: iShares and Amundi. Their fees differ too: 0.58% for IUS4.DE and 0.48% for TTPX.DE.
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