TTPX.DE vs. EMNJ.DE
TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) and EMNJ.DE (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) are both Japan Equities funds - TTPX.DE tracks the TOPIX Index (EUR Hedged) while EMNJ.DE tracks the MSCI Japan ESG Enhanced Focus CTB Index. Both are passively managed. Over the past 5 years, TTPX.DE returned 19.38%/yr vs 9.72%/yr for EMNJ.DE. Their correlation of 0.84 suggests significant overlap in exposure. TTPX.DE charges 0.48%/yr vs 0.15%/yr for EMNJ.DE.
Performance
TTPX.DE vs. EMNJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TTPX.DE having a 19.69% return and EMNJ.DE slightly higher at 19.97%.
TTPX.DE
- 1D
- -0.93%
- 1M
- 1.83%
- 6M
- 12.92%
- YTD
- 19.69%
- 1Y
- 47.14%
- 3Y*
- 26.41%
- 5Y*
- 19.38%
- 10Y*
- 13.71%
EMNJ.DE
- 1D
- -0.76%
- 1M
- 1.81%
- 6M
- 13.73%
- YTD
- 19.97%
- 1Y
- 39.88%
- 3Y*
- 16.68%
- 5Y*
- 9.72%
- 10Y*
- —
TTPX.DE vs. EMNJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 19.69% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 9.23% |
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 19.97% | 12.87% | 10.79% | 16.08% | -13.34% | 9.71% | 5.81% | 3.88% |
Correlation
The correlation between TTPX.DE and EMNJ.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.84 |
The correlation between TTPX.DE and EMNJ.DE has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
TTPX.DE vs. EMNJ.DE — Risk / Return Rank
TTPX.DE
EMNJ.DE
TTPX.DE vs. EMNJ.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 iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.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 | EMNJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.36 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 3.71 | +1.08 |
| Martin ratioReturn relative to average drawdown | 16.56 | 12.48 | +4.07 |
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Drawdowns
TTPX.DE vs. EMNJ.DE - Drawdown Comparison
The maximum TTPX.DE drawdown since its inception was -36.52%, which is greater than EMNJ.DE's maximum drawdown of -28.10%. Use the drawdown chart below to compare losses from any high point for TTPX.DE and EMNJ.DE.
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Drawdown Indicators
| TTPX.DE | EMNJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -28.10% | -8.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -10.70% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -16.91% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -19.91% | -0.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -1.56% | -2.74% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -6.57% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.19% | -0.35% |
Volatility
TTPX.DE vs. EMNJ.DE - Volatility Comparison
The current volatility for Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) is 5.73%, while iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EMNJ.DE) has a volatility of 6.67%. This indicates that TTPX.DE experiences smaller price fluctuations and is considered to be less risky than EMNJ.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 | EMNJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 6.67% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 16.64% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 20.49% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 17.02% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 18.26% | -0.12% |
TTPX.DE vs. EMNJ.DE - Expense Ratio Comparison
TTPX.DE has a 0.48% expense ratio, which is higher than EMNJ.DE's 0.15% expense ratio.
Dividends
TTPX.DE vs. EMNJ.DE - Dividend Comparison
TTPX.DE has not paid dividends to shareholders, while EMNJ.DE's dividend yield for the trailing twelve months is around 1.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EMNJ.DE iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.42% | 1.58% | 1.80% | 1.75% | 2.16% | 1.66% | 1.63% | 1.72% |
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% |
Frequently Asked Questions
With a correlation of 0.90, TTPX.DE and EMNJ.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, EMNJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMNJ.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for TTPX.DE.
TTPX.DE tracks TOPIX Index (EUR Hedged), while EMNJ.DE tracks MSCI Japan ESG Enhanced Focus CTB Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.48% for TTPX.DE and 0.15% for EMNJ.DE.
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