SMLN.DE vs. TTPX.DE
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) are both Japan Equities funds - SMLN.DE tracks the JPX-Nikkei 400 while TTPX.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, SMLN.DE returned 8.71%/yr vs 13.64%/yr for TTPX.DE. Their correlation of 0.84 suggests significant overlap in exposure. SMLN.DE charges 0.19%/yr vs 0.48%/yr for TTPX.DE.
Performance
SMLN.DE vs. TTPX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLN.DE achieves a 17.38% return, which is significantly lower than TTPX.DE's 19.02% return. Over the past 10 years, SMLN.DE has underperformed TTPX.DE with an annualized return of 8.71%, while TTPX.DE has yielded a comparatively higher 13.64% annualized return.
SMLN.DE
- 1D
- -0.97%
- 1M
- 0.27%
- 6M
- 10.43%
- YTD
- 17.38%
- 1Y
- 35.81%
- 3Y*
- 16.73%
- 5Y*
- 10.00%
- 10Y*
- 8.71%
TTPX.DE
- 1D
- -0.57%
- 1M
- 0.51%
- 6M
- 11.62%
- YTD
- 19.02%
- 1Y
- 48.25%
- 3Y*
- 26.24%
- 5Y*
- 19.24%
- 10Y*
- 13.64%
SMLN.DE vs. TTPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 17.38% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -10.60% | 9.59% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 19.02% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
Correlation
The correlation between SMLN.DE and TTPX.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2014 | 0.84 |
The correlation between SMLN.DE and TTPX.DE shifts across timeframes, from 0.81 (5 years) to 0.92 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SMLN.DE vs. TTPX.DE — Risk / Return Rank
SMLN.DE
TTPX.DE
SMLN.DE vs. TTPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE). 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.
| SMLN.DE | TTPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.90 | -1.12 |
| Martin ratioReturn relative to average drawdown | 12.64 | 16.93 | -4.29 |
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Drawdowns
SMLN.DE vs. TTPX.DE - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -99.33%, which is greater than TTPX.DE's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and TTPX.DE.
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Drawdown Indicators
| SMLN.DE | TTPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -36.52% | -62.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -9.80% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -20.65% | +5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -20.65% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -99.33% | -36.52% | -62.81% |
Current DrawdownCurrent decline from peak | -98.40% | -2.12% | -96.28% |
Average DrawdownAverage peak-to-trough decline | -78.05% | -7.80% | -70.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.84% | -0.02% |
Volatility
SMLN.DE vs. TTPX.DE - Volatility Comparison
Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) have volatilities of 5.79% and 5.68%, 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
| SMLN.DE | TTPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.68% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 15.36% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.86% | 19.38% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.28% | 18.07% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4,014.90% | 18.13% | +3,996.77% |
SMLN.DE vs. TTPX.DE - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is lower than TTPX.DE's 0.48% expense ratio.
Dividends
SMLN.DE vs. TTPX.DE - Dividend Comparison
Neither SMLN.DE nor TTPX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SMLN.DE and TTPX.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SMLN.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLN.DE is cheaper with a 0.19% expense ratio, compared with 0.48% for TTPX.DE.
SMLN.DE tracks JPX-Nikkei 400, while TTPX.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for SMLN.DE and 0.48% for TTPX.DE.
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