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JPXN vs. TPXG.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

JPXN vs. TPXG.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares JPX-Nikkei 400 ETF (JPXN) and Amundi Japan Topix UCITS ETF JPY (TPXG.L).

JPXN and TPXG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPXN is a passively managed fund by iShares that tracks the performance of the JPX-Nikkei Index 400. It was launched on Oct 26, 2001. TPXG.L is a passively managed fund by Amundi that tracks the performance of the TOPIX TR JPY. It was launched on Apr 18, 2018. Both JPXN and TPXG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

JPXN vs. TPXG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares JPX-Nikkei 400 ETF (JPXN) and Amundi Japan Topix UCITS ETF JPY (TPXG.L). The values are adjusted to include any dividend payments, if applicable.

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JPXN vs. TPXG.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
JPXN
iShares JPX-Nikkei 400 ETF		8.03%26.03%6.48%19.69%-16.29%0.16%15.12%19.40%-14.87%11.41%
TPXG.L
Amundi Japan Topix UCITS ETF JPY		7.95%26.87%6.64%19.44%-15.89%2.02%11.23%11.19%-5.87%8.24%
Different Trading Currencies

JPXN is traded in USD, while TPXG.L is traded in GBp. To make them comparable, the TPXG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with JPXN having a 8.03% return and TPXG.L slightly lower at 7.95%.

JPXN

1D
2.18%
1M
-4.41%
YTD
8.03%
6M
12.46%
1Y
32.64%
3Y*
17.31%
5Y*
7.27%
10Y*
8.96%

TPXG.L

1D
4.88%
1M
-3.45%
YTD
7.95%
6M
12.26%
1Y
33.64%
3Y*
17.75%
5Y*
7.43%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares JPX-Nikkei 400 ETF

Amundi Japan Topix UCITS ETF JPY

Often compared with JPXN:
JPXN vs. EWJJPXN vs. DXJJPXN vs. FLJPJPXN vs. XDJP.DEJPXN vs. VOOJPXN vs. FJPNXJPXN vs. SCJ
Often compared with TPXG.L:
TPXG.L vs. EWJTPXG.L vs. VTTPXG.L vs. JPNL.LTPXG.L vs. VXUSTPXG.L vs. VOOTPXG.L vs. SPDWTPXG.L vs. SPY

JPXN vs. TPXG.L - Expense Ratio Comparison

JPXN has a 0.48% expense ratio, which is higher than TPXG.L's 0.20% expense ratio.

JPXN
iShares JPX-Nikkei 400 ETF
TPXG.L
Amundi Japan Topix UCITS ETF JPY

Return for Risk

JPXN vs. TPXG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JPXN
JPXN Risk / Return Rank: 8181
Overall Rank
JPXN Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
JPXN Sortino Ratio Rank: 8282
Sortino Ratio Rank
JPXN Omega Ratio Rank: 7878
Omega Ratio Rank
JPXN Calmar Ratio Rank: 8282
Calmar Ratio Rank
JPXN Martin Ratio Rank: 8181
Martin Ratio Rank
TPXG.L
TPXG.L Risk / Return Rank: 7777
Overall Rank
TPXG.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TPXG.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
TPXG.L Omega Ratio Rank: 7979
Omega Ratio Rank
TPXG.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
TPXG.L Martin Ratio Rank: 6868
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.

JPXN vs. TPXG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares JPX-Nikkei 400 ETF (JPXN) 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.

JPXNTPXG.LDifference

Sharpe ratio

Return per unit of total volatility

1.59

1.67

-0.08

Sortino ratio

Return per unit of downside risk

2.24

2.33

-0.09

Omega ratio

Gain probability vs. loss probability

1.31

1.32

-0.01

Calmar ratio

Return relative to maximum drawdown

2.45

2.14

+0.31

Martin ratio

Return relative to average drawdown

9.35

7.89

+1.46

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

JPXN vs. TPXG.L - Sharpe Ratio Comparison

The current JPXN Sharpe Ratio is 1.59, which is comparable to the TPXG.L Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of JPXN and TPXG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

JPXNTPXG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

1.67

-0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.60

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

0.76

-0.50

Correlation

The correlation between JPXN and TPXG.L is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JPXN vs. TPXG.L - Dividend Comparison

JPXN's dividend yield for the trailing twelve months is around 2.91%, while TPXG.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
JPXN
iShares JPX-Nikkei 400 ETF		2.91%3.14%2.29%2.57%1.47%2.63%1.27%1.92%1.60%1.50%2.07%1.32%
TPXG.L
Amundi Japan Topix UCITS ETF JPY		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

JPXN vs. TPXG.L - Drawdown Comparison

The maximum JPXN drawdown since its inception was -55.54%, which is greater than TPXG.L's maximum drawdown of -31.56%. Use the drawdown chart below to compare losses from any high point for JPXN and TPXG.L.

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Drawdown Indicators

JPXNTPXG.LDifference

Max Drawdown

Largest peak-to-trough decline

-55.54%

-22.96%

-32.58%

Max Drawdown (1Y)

Largest decline over 1 year

-13.11%

-10.57%

-2.54%

Max Drawdown (5Y)

Largest decline over 5 years

-33.21%

-18.00%

-15.21%

Max Drawdown (10Y)

Largest decline over 10 years

-33.21%

—

—

Current Drawdown

Current decline from peak

-7.51%

-5.17%

-2.34%

Average Drawdown

Average peak-to-trough decline

-15.14%

-4.46%

-10.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.43%

3.40%

+0.03%

Volatility

JPXN vs. TPXG.L - Volatility Comparison

iShares JPX-Nikkei 400 ETF (JPXN) and Amundi Japan Topix UCITS ETF JPY (TPXG.L) have volatilities of 8.66% and 8.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JPXNTPXG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.66%

8.75%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

14.41%

14.77%

-0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

20.68%

20.60%

+0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.59%

23.06%

-5.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.07%

28.03%

-10.96%