JPNL.L vs. ^N225
JPNL.L (Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR) is Japan Equities fund tracking the TOPIX TR JPY, while ^N225 (Nikkei 225) is an index. Over the past 10 years, JPNL.L returned 8.30%/yr vs 9.77%/yr for ^N225. At a 0.46 correlation, their price movements are largely independent.
Performance
JPNL.L vs. ^N225 - Performance Comparison
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Different Trading Currencies
JPNL.L is traded in GBp, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JPNL.L achieves a 12.08% return, which is significantly lower than ^N225's 27.83% return. Over the past 10 years, JPNL.L has underperformed ^N225 with an annualized return of 8.30%, while ^N225 has yielded a comparatively higher 9.77% annualized return.
JPNL.L
- 1D
- -1.88%
- 1M
- -4.36%
- 6M
- 5.39%
- YTD
- 12.08%
- 1Y
- 28.20%
- 3Y*
- 14.74%
- 5Y*
- 9.00%
- 10Y*
- 8.30%
^N225
- 1D
- 0.00%
- 1M
- -6.75%
- 6M
- 19.73%
- YTD
- 27.83%
- 1Y
- 52.59%
- 3Y*
- 19.37%
- 5Y*
- 10.57%
- 10Y*
- 9.77%
JPNL.L vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPNL.L Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR | 12.08% | 17.96% | 7.75% | 13.02% | -5.78% | 0.85% | 10.24% | 13.26% | -9.85% | 14.89% |
^N225 Nikkei 225 | 27.83% | 17.94% | 8.72% | 13.25% | -11.23% | -5.05% | 17.82% | 15.96% | -4.44% | 13.06% |
Correlation
The correlation between JPNL.L and ^N225 is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.46 |
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Return for Risk
JPNL.L vs. ^N225 — Risk / Return Rank
JPNL.L
^N225
JPNL.L vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) and Nikkei 225 (^N225). 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.
| JPNL.L | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 4.09 | -1.45 |
| Martin ratioReturn relative to average drawdown | 8.10 | 11.19 | -3.10 |
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Drawdowns
JPNL.L vs. ^N225 - Drawdown Comparison
The maximum JPNL.L drawdown since its inception was -38.87%, which is greater than ^N225's maximum drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for JPNL.L and ^N225.
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Drawdown Indicators
| JPNL.L | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -34.68% | -4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -13.44% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -22.75% | +9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -23.10% | +4.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -24.67% | -0.75% |
Current DrawdownCurrent decline from peak | -6.34% | -9.90% | +3.56% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -8.54% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.83% | -1.36% |
Volatility
JPNL.L vs. ^N225 - Volatility Comparison
The current volatility for Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) is 5.79%, while Nikkei 225 (^N225) has a volatility of 9.11%. This indicates that JPNL.L experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPNL.L | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 9.11% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 21.96% | -6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 26.36% | -8.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 23.23% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 21.24% | -5.40% |
Frequently Asked Questions
JPNL.L and ^N225 have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for JPNL.L and ^N225
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