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JPNL.L vs. NFTY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JPNL.L vs. NFTY

Last updated Jun 5, 2026

JPNL.L (Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR) and NFTY (First Trust India NIFTY 50 Equal Weight ETF) are both exchange-traded funds - JPNL.L is a Japan Equities fund tracking the TOPIX TR JPY, while NFTY is a Asia Pacific Equities fund tracking the NIFTY 50 Equal Weight Index. Both are passively managed. Over the past 10 years, JPNL.L returned 9.84%/yr vs 8.83%/yr for NFTY. At a 0.25 correlation, their price movements are largely independent. JPNL.L charges 0.45%/yr vs 0.80%/yr for NFTY.

Performance

JPNL.L vs. NFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JPNL.L is traded in GBp, while NFTY is traded in USD. To make them comparable, the NFTY 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 higher than NFTY's -9.04% return. Over the past 10 years, JPNL.L has outperformed NFTY with an annualized return of 9.84%, while NFTY has yielded a comparatively lower 8.83% annualized return.

JPNL.L

1D
-0.07%
1M
3.10%
YTD
14.78%
6M
14.31%
1Y
31.62%
3Y*
14.93%
5Y*
9.61%
10Y*
9.84%

NFTY

1D
-0.49%
1M
-2.32%
YTD
-9.04%
6M
-9.53%
1Y
-7.16%
3Y*
3.25%
5Y*
5.82%
10Y*
8.83%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JPNL.L vs. NFTY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		-9.04%-2.04%7.02%17.80%8.02%28.03%6.81%-3.25%4.33%11.25%

Correlation

The correlation between JPNL.L and NFTY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.25

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (10Y)
Calculated over the trailing 10-year period

0.25

Correlation (All Time)
Calculated using the full available price history since Nov 19, 2012

0.25

JPNL.L vs. NFTY - Sectors Allocation Comparison

Sectors
JPNL.L
NFTY

Industrials

26.9%
8.3%

Technology

17.7%
9.2%

Financial Services

17.1%
21.2%

Consumer Cyclical

12.1%
16.3%

Communication Services

7.8%
2.0%

Healthcare

5.5%
9.7%

Basic Materials

4.7%
12.5%

Consumer Defensive

4.2%
8.3%

Real Estate

1.8%

-

Utilities

1.3%
4.0%

Energy

0.9%
8.5%

Industrials

JPNL.L
26.9%
NFTY
8.3%

Technology

JPNL.L
17.7%
NFTY
9.2%

Financial Services

JPNL.L
17.1%
NFTY
21.2%

Consumer Cyclical

JPNL.L
12.1%
NFTY
16.3%

Communication Services

JPNL.L
7.8%
NFTY
2.0%

Healthcare

JPNL.L
5.5%
NFTY
9.7%

Basic Materials

JPNL.L
4.7%
NFTY
12.5%

Consumer Defensive

JPNL.L
4.2%
NFTY
8.3%

Real Estate

JPNL.L
1.8%
NFTY

-

Utilities

JPNL.L
1.3%
NFTY
4.0%

Energy

JPNL.L
0.9%
NFTY
8.5%

Compare stocks, funds, or ETFs

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Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR

First Trust India NIFTY 50 Equal Weight ETF

Often compared with JPNL.L:
JPNL.L vs. TPXG.LJPNL.L vs. JPXNJPNL.L vs. QQQJPNL.L vs. VOOJPNL.L vs. ^GSPCJPNL.L vs. VTJPNL.L vs. ^N225
Often compared with NFTY:
NFTY vs. SPYNFTY vs. INDYNFTY vs. TCS.NSNFTY vs. FLINNFTY vs. EPINFTY vs. ^BSE500NFTY vs. QQQ

Return for Risk

JPNL.L vs. NFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPNL.L
JPNL.L Risk / Return Rank: 6060
Overall Rank
JPNL.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
JPNL.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
JPNL.L Omega Ratio Rank: 6161
Omega Ratio Rank
JPNL.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
JPNL.L Martin Ratio Rank: 5757
Martin Ratio Rank
NFTY
NFTY Risk / Return Rank: 44
Overall Rank
NFTY Sharpe Ratio Rank: 44
Sharpe Ratio Rank
NFTY Sortino Ratio Rank: 44
Sortino Ratio Rank
NFTY Omega Ratio Rank: 44
Omega Ratio Rank
NFTY Calmar Ratio Rank: 44
Calmar Ratio Rank
NFTY Martin Ratio Rank: 22
Martin Ratio Rank
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.

JPNL.L vs. NFTY - 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 First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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.LNFTYDifference
Sharpe ratioReturn per unit of total volatility
1.93
-0.49

+2.42

Sortino ratioReturn per unit of downside risk
2.69
-0.65

+3.34

Omega ratioGain probability vs. loss probability

1.37

0.93

+0.44

Calmar ratioReturn relative to maximum drawdown

3.26

-0.45

+3.71

Martin ratioReturn relative to average drawdown

9.96

-1.03

+10.99

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPNL.L vs. NFTY - Sharpe Ratio Comparison

The current JPNL.L Sharpe Ratio is 1.93, which is higher than the NFTY Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of JPNL.L and NFTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

JPNL.LNFTYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

-0.49

+2.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.35

+0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

0.43

+0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.34

+0.39

Drawdowns

JPNL.L vs. NFTY - Drawdown Comparison

The maximum JPNL.L drawdown since its inception was -25.42%, smaller than the maximum NFTY drawdown of -41.91%. Use the drawdown chart below to compare losses from any high point for JPNL.L and NFTY.

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Drawdown Indicators

JPNL.LNFTYDifference

Max Drawdown

Largest peak-to-trough decline

-25.42%

-41.91%

+16.49%

Max Drawdown (1Y)

Largest decline over 1 year

-10.63%

-15.83%

+5.20%

Max Drawdown (3Y)

Largest decline over 3 years

-13.44%

-20.84%

+7.40%

Max Drawdown (5Y)

Largest decline over 5 years

-18.53%

-20.84%

+2.31%

Max Drawdown (10Y)

Largest decline over 10 years

-25.42%

-41.91%

+16.49%

Current Drawdown

Current decline from peak

-0.35%

-17.91%

+17.56%

Average Drawdown

Average peak-to-trough decline

-5.36%

-8.15%

+2.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

6.94%

-3.57%

Volatility

JPNL.L vs. NFTY - Volatility Comparison

The current volatility for Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) is 3.61%, while First Trust India NIFTY 50 Equal Weight ETF (NFTY) has a volatility of 4.40%. This indicates that JPNL.L experiences smaller price fluctuations and is considered to be less risky than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPNL.LNFTYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.61%

4.40%

-0.79%

Volatility (6M)

Calculated over the trailing 6-month period

14.26%

12.12%

+2.14%

Volatility (1Y)

Calculated over the trailing 1-year period

17.96%

14.56%

+3.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.30%

16.65%

+1.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.84%

20.57%

-2.73%

JPNL.L vs. NFTY - Expense Ratio Comparison

JPNL.L has a 0.45% expense ratio, which is lower than NFTY's 0.80% expense ratio.

Dividends

JPNL.L vs. NFTY - Dividend Comparison

JPNL.L's dividend yield for the trailing twelve months is around 0.62%, less than NFTY's 1.97% yield.

PositionTTM20252024202320222021202020192018201720162015
JPNL.L
Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR		0.62%0.71%0.74%1.23%1.83%1.37%1.14%1.98%1.84%1.43%1.96%1.77%
NFTY
First Trust India NIFTY 50 Equal Weight ETF		1.97%1.24%1.61%0.13%5.89%1.53%0.61%0.97%0.00%4.10%3.28%4.39%

Frequently Asked Questions

JPNL.L and NFTY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JPNL.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JPNL.L is cheaper with a 0.45% expense ratio, compared with 0.80% for NFTY.

JPNL.L is categorized as Japan Equities, while NFTY is Asia Pacific Equities. JPNL.L tracks TOPIX TR JPY, while NFTY tracks NIFTY 50 Equal Weight Index. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.45% for JPNL.L and 0.80% for NFTY.

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