TPXG.L vs. ^N225
TPXG.L (Amundi Japan Topix UCITS ETF JPY) is Japan Equities fund tracking the TOPIX TR JPY, while ^N225 (Nikkei 225) is an index. Over the past 5 years, TPXG.L returned 10.97%/yr vs 11.00%/yr for ^N225. At a 0.23 correlation, their price movements are largely independent.
Performance
TPXG.L vs. ^N225 - Performance Comparison
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Different Trading Currencies
TPXG.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, TPXG.L achieves a 14.95% return, which is significantly lower than ^N225's 31.65% return.
TPXG.L
- 1D
- -0.19%
- 1M
- 5.60%
- YTD
- 14.95%
- 6M
- 14.59%
- 1Y
- 32.01%
- 3Y*
- 16.91%
- 5Y*
- 10.97%
- 10Y*
- —
^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%
TPXG.L vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPXG.L Amundi Japan Topix UCITS ETF JPY | 14.95% | 18.33% | 8.12% | 13.45% | -6.05% | 2.07% | 7.12% | 8.68% | -2.90% | 7.54% |
^N225 Nikkei 225 | 31.65% | 17.94% | 8.72% | 13.25% | -11.23% | -5.05% | 17.82% | 15.96% | -4.44% | 9.30% |
Correlation
The correlation between TPXG.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 | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.23 |
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Return for Risk
TPXG.L vs. ^N225 — Risk / Return Rank
TPXG.L
^N225
TPXG.L vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Japan Topix UCITS ETF JPY (TPXG.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.
| TPXG.L | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 4.90 | -1.88 |
| Martin ratioReturn relative to average drawdown | 9.66 | 14.52 | -4.85 |
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
| TPXG.L | ^N225 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.77 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.50 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.35 | +0.52 |
Drawdowns
TPXG.L vs. ^N225 - Drawdown Comparison
The maximum TPXG.L drawdown since its inception was -22.96%, smaller than the maximum ^N225 drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for TPXG.L and ^N225.
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Drawdown Indicators
| TPXG.L | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -35.55% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -13.44% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -12.96% | -22.75% | +9.79% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -23.10% | +5.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.67% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.26% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -8.69% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 4.48% | -1.18% |
Volatility
TPXG.L vs. ^N225 - Volatility Comparison
The current volatility for Amundi Japan Topix UCITS ETF JPY (TPXG.L) is 3.74%, while Nikkei 225 (^N225) has a volatility of 6.97%. This indicates that TPXG.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
| TPXG.L | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 6.97% | -3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 19.36% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.29% | 23.82% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.10% | 22.77% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.48% | 21.18% | +3.30% |
Frequently Asked Questions
TPXG.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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