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 9.84%/yr vs 11.40%/yr for ^N225. At a 0.38 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 14.78% return, which is significantly lower than ^N225's 31.65% return. Over the past 10 years, JPNL.L has underperformed ^N225 with an annualized return of 9.84%, while ^N225 has yielded a comparatively higher 11.40% annualized return.
JPNL.L
- 1D
- -0.07%
- 1M
- 5.50%
- YTD
- 14.78%
- 6M
- 14.36%
- 1Y
- 31.62%
- 3Y*
- 14.93%
- 5Y*
- 9.61%
- 10Y*
- 9.84%
^N225
- 1D
- 0.00%
- 1M
- 12.70%
- YTD
- 31.65%
- 6M
- 27.40%
- 1Y
- 61.15%
- 3Y*
- 18.83%
- 5Y*
- 11.00%
- 10Y*
- 11.40%
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 | 14.78% | 17.96% | 7.74% | 12.66% | -5.98% | 1.37% | 8.23% | 15.36% | -9.97% | 14.63% |
^N225 Nikkei 225 | 31.65% | 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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2012 | 0.38 |
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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.
| JPNL.L | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 4.90 | -1.64 |
| Martin ratioReturn relative to average drawdown | 9.96 | 14.52 | -4.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPNL.L | ^N225 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.77 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.50 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.56 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.35 | +0.38 |
Drawdowns
JPNL.L vs. ^N225 - Drawdown Comparison
The maximum JPNL.L drawdown since its inception was -25.42%, smaller than the maximum ^N225 drawdown of -35.55%. 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 | -25.42% | -35.55% | +10.13% |
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 | -18.53% | -23.10% | +4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -24.67% | -0.75% |
Current DrawdownCurrent decline from peak | -0.35% | -1.26% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -8.69% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 4.48% | -1.11% |
Volatility
JPNL.L vs. ^N225 - Volatility Comparison
The current volatility for Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) is 3.61%, while Nikkei 225 (^N225) has a volatility of 6.97%. 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 | 3.61% | 6.97% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.26% | 19.36% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 23.82% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 22.77% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 21.18% | -3.34% |
Frequently Asked Questions
JPNL.L and ^N225 have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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