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 10 years, TPXG.L returned 8.57%/yr vs 9.77%/yr for ^N225. At a 0.48 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 12.34% return, which is significantly lower than ^N225's 27.83% return. Over the past 10 years, TPXG.L has underperformed ^N225 with an annualized return of 8.57%, while ^N225 has yielded a comparatively higher 9.77% annualized return.
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%
^N225
- 1D
- 0.00%
- 1M
- -6.75%
- 6M
- 19.73%
- YTD
- 27.83%
- 1Y
- 52.59%
- 3Y*
- 19.37%
- 5Y*
- 10.57%
- 10Y*
- 9.77%
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 | 12.34% | 18.25% | 8.19% | 13.45% | -5.57% | 1.08% | 10.62% | 15.26% | -11.01% | 15.11% |
^N225 Nikkei 225 | 27.83% | 17.94% | 8.72% | 13.25% | -11.23% | -5.05% | 17.82% | 15.96% | -4.44% | 13.06% |
Correlation
The correlation between TPXG.L and ^N225 is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.48 |
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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.
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.
| TPXG.L | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 4.09 | -1.39 |
| Martin ratioReturn relative to average drawdown | 8.39 | 11.19 | -2.80 |
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Drawdowns
TPXG.L vs. ^N225 - Drawdown Comparison
The maximum TPXG.L drawdown since its inception was -59.09%, which is greater than ^N225's maximum drawdown of -34.68%. 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 | -59.09% | -34.68% | -24.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -13.44% | +2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.59% | -22.75% | +9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -23.10% | +4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -49.79% | -24.67% | -25.12% |
Current DrawdownCurrent decline from peak | -6.31% | -9.90% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -17.26% | -8.54% | -8.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 4.83% | -1.41% |
Volatility
TPXG.L vs. ^N225 - Volatility Comparison
The current volatility for Amundi Japan Topix UCITS ETF JPY (TPXG.L) is 5.84%, while Nikkei 225 (^N225) has a volatility of 9.11%. 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 | 5.84% | 9.11% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 15.22% | 21.96% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 26.36% | -8.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 23.23% | -7.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 21.24% | +8.18% |
Frequently Asked Questions
TPXG.L and ^N225 have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TPXG.L and ^N225
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