JPSG.L vs. TPXG.L
JPSG.L (iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc)) and TPXG.L (Amundi Japan Topix UCITS ETF JPY) are both Japan Equities funds - JPSG.L tracks the MSCI Japan SRI Select Reduced Fossil Fuel Index while TPXG.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 3 years, JPSG.L returned 19.68%/yr vs 15.12%/yr for TPXG.L. A 0.78 correlation means they provide meaningful diversification when combined. JPSG.L charges 0.25%/yr vs 0.20%/yr for TPXG.L.
Performance
JPSG.L vs. TPXG.L - Performance Comparison
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Different Trading Currencies
JPSG.L is traded in GBP, while TPXG.L is traded in GBp. To make them comparable, the TPXG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with JPSG.L having a 11.87% return and TPXG.L slightly higher at 12.34%.
JPSG.L
- 1D
- -1.43%
- 1M
- 2.78%
- 6M
- 7.13%
- YTD
- 11.87%
- 1Y
- 32.10%
- 3Y*
- 19.68%
- 5Y*
- —
- 10Y*
- —
TPXG.L
- 1D
- -1.89%
- 1M
- -4.33%
- 6M
- 5.74%
- YTD
- 12.34%
- 1Y
- 28.73%
- 3Y*
- 15.12%
- 5Y*
- 9.36%
- 10Y*
- 8.57%
JPSG.L vs. TPXG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPSG.L iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) | 11.87% | 23.27% | 17.32% | 21.38% |
TPXG.L Amundi Japan Topix UCITS ETF JPY | 12.34% | 18.25% | 8.19% | 10.33% |
Correlation
The correlation between JPSG.L and TPXG.L 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.78 |
The correlation between JPSG.L and TPXG.L has been stable across timeframes, ranging from 0.78 to 0.78 - a consistent structural relationship.
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Return for Risk
JPSG.L vs. TPXG.L — Risk / Return Rank
JPSG.L
TPXG.L
JPSG.L vs. TPXG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.L) and Amundi Japan Topix UCITS ETF JPY (TPXG.L). 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.
| JPSG.L | TPXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.71 | +0.60 |
| Martin ratioReturn relative to average drawdown | 10.11 | 8.39 | +1.72 |
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Drawdowns
JPSG.L vs. TPXG.L - Drawdown Comparison
The maximum JPSG.L drawdown since its inception was -20.02%, smaller than the maximum TPXG.L drawdown of -59.09%. Use the drawdown chart below to compare losses from any high point for JPSG.L and TPXG.L.
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Drawdown Indicators
| JPSG.L | TPXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -59.09% | +39.07% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -10.57% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -13.59% | -6.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.79% | — |
Current DrawdownCurrent decline from peak | -2.26% | -6.31% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -17.26% | +13.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.42% | -0.25% |
Volatility
JPSG.L vs. TPXG.L - Volatility Comparison
The current volatility for iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.L) is 5.14%, while Amundi Japan Topix UCITS ETF JPY (TPXG.L) has a volatility of 5.84%. This indicates that JPSG.L experiences smaller price fluctuations and is considered to be less risky than TPXG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSG.L | TPXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 5.84% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 15.22% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 18.29% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 15.54% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 29.42% | -10.37% |
JPSG.L vs. TPXG.L - Expense Ratio Comparison
JPSG.L has a 0.25% expense ratio, which is higher than TPXG.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPSG.L vs. TPXG.L - Dividend Comparison
Neither JPSG.L nor TPXG.L has paid dividends to shareholders.
Frequently Asked Questions
JPSG.L and TPXG.L 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, TPXG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPXG.L is cheaper with a 0.20% expense ratio, compared with 0.25% for JPSG.L.
JPSG.L tracks MSCI Japan SRI Select Reduced Fossil Fuel Index, while TPXG.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for JPSG.L and 0.20% for TPXG.L.
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