TTPX.DE vs. EL45.DE
TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) and EL45.DE (Deka MSCI Japan Climate Change ESG CTB UCITS ETF) are both Japan Equities funds - TTPX.DE tracks the TOPIX Index (EUR Hedged) while EL45.DE tracks the MSCI Japan Climate Change ESG Select CTB Index. Both are passively managed. Over the past 10 years, TTPX.DE returned 13.40%/yr vs 382.29%/yr for EL45.DE. A 0.71 correlation means they provide meaningful diversification when combined. TTPX.DE charges 0.48%/yr vs 0.26%/yr for EL45.DE.
Performance
TTPX.DE vs. EL45.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TTPX.DE achieves a 16.32% return, which is significantly higher than EL45.DE's 13.29% return. Over the past 10 years, TTPX.DE has underperformed EL45.DE with an annualized return of 13.40%, while EL45.DE has yielded a comparatively higher 382.29% annualized return.
TTPX.DE
- 1D
- -2.26%
- 1M
- -2.69%
- 6M
- 9.26%
- YTD
- 16.32%
- 1Y
- 41.95%
- 3Y*
- 24.66%
- 5Y*
- 18.70%
- 10Y*
- 13.40%
EL45.DE
- 1D
- -1.97%
- 1M
- -4.50%
- 6M
- 7.98%
- YTD
- 13.29%
- 1Y
- 27.46%
- 3Y*
- 12.94%
- 5Y*
- 7.04%
- 10Y*
- 382.29%
TTPX.DE vs. EL45.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 16.32% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 13.29% | 10.57% | 11.51% | 12.77% | -14.83% | 9.65% | 491,262.69% | 840.15% | 41.10% | 6,472.17% |
Correlation
The correlation between TTPX.DE and EL45.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.71 |
The correlation between TTPX.DE and EL45.DE shifts across timeframes, from 0.65 (10 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TTPX.DE vs. EL45.DE — Risk / Return Rank
TTPX.DE
EL45.DE
TTPX.DE vs. EL45.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) and Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.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.
| TTPX.DE | EL45.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 2.37 | +1.89 |
| Martin ratioReturn relative to average drawdown | 14.65 | 7.82 | +6.83 |
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Drawdowns
TTPX.DE vs. EL45.DE - Drawdown Comparison
The maximum TTPX.DE drawdown since its inception was -36.52%, which is greater than EL45.DE's maximum drawdown of -23.54%. Use the drawdown chart below to compare losses from any high point for TTPX.DE and EL45.DE.
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Drawdown Indicators
| TTPX.DE | EL45.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -23.54% | -12.98% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -11.55% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -16.76% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -21.28% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -22.36% | -14.16% |
Current DrawdownCurrent decline from peak | -4.33% | -7.29% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -5.86% | -1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.50% | -0.64% |
Volatility
TTPX.DE vs. EL45.DE - Volatility Comparison
The current volatility for Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) is 6.03%, while Deka MSCI Japan Climate Change ESG CTB UCITS ETF (EL45.DE) has a volatility of 7.37%. This indicates that TTPX.DE experiences smaller price fluctuations and is considered to be less risky than EL45.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TTPX.DE | EL45.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 7.37% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.54% | 16.18% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.47% | 19.91% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 16.84% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 21,842.13% | -21,823.98% |
TTPX.DE vs. EL45.DE - Expense Ratio Comparison
TTPX.DE has a 0.48% expense ratio, which is higher than EL45.DE's 0.26% expense ratio.
Dividends
TTPX.DE vs. EL45.DE - Dividend Comparison
TTPX.DE has not paid dividends to shareholders, while EL45.DE's dividend yield for the trailing twelve months is around 1.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL45.DE Deka MSCI Japan Climate Change ESG CTB UCITS ETF | 1.48% | 1.77% | 1.49% | 1.64% | 1.95% | 2.07% | 165.19% | 81.94% | 42.51% | 159.77% | 62.28% | 103.93% |
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TTPX.DE and EL45.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL45.DE is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL45.DE is cheaper with a 0.26% expense ratio, compared with 0.48% for TTPX.DE.
TTPX.DE tracks TOPIX Index (EUR Hedged), while EL45.DE tracks MSCI Japan Climate Change ESG Select CTB Index. They also come from different issuers: Amundi and Deka. Their fees differ too: 0.48% for TTPX.DE and 0.26% for EL45.DE.
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