TTPX.DE vs. ETLR.DE
TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) and ETLR.DE (L&G Japan Equity UCITS ETF) are both Japan Equities funds - TTPX.DE tracks the TOPIX Index (EUR Hedged) while ETLR.DE tracks the Solactive Core Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, TTPX.DE returned 19.18%/yr vs 10.61%/yr for ETLR.DE. Their correlation of 0.83 suggests significant overlap in exposure. TTPX.DE charges 0.48%/yr vs 0.10%/yr for ETLR.DE.
Performance
TTPX.DE vs. ETLR.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TTPX.DE having a 20.00% return and ETLR.DE slightly lower at 19.45%.
TTPX.DE
- 1D
- 1.01%
- 1M
- 2.45%
- 6M
- 19.74%
- YTD
- 20.00%
- 1Y
- 46.17%
- 3Y*
- 25.47%
- 5Y*
- 19.18%
- 10Y*
- 14.51%
ETLR.DE
- 1D
- 0.94%
- 1M
- 3.24%
- 6M
- 19.68%
- YTD
- 19.45%
- 1Y
- 34.77%
- 3Y*
- 17.11%
- 5Y*
- 10.61%
- 10Y*
- —
TTPX.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TTPX.DE Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) | 20.00% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 14.74% |
ETLR.DE L&G Japan Equity UCITS ETF | 19.45% | 12.41% | 14.84% | 16.04% | -12.03% | 10.00% | 5.42% | 16.90% |
Correlation
The correlation between TTPX.DE and ETLR.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.83 |
The correlation between TTPX.DE and ETLR.DE has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
TTPX.DE vs. ETLR.DE — Risk / Return Rank
TTPX.DE
ETLR.DE
TTPX.DE vs. ETLR.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 L&G Japan Equity UCITS ETF (ETLR.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 | ETLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 3.32 | +1.37 |
| Martin ratioReturn relative to average drawdown | 16.30 | 10.96 | +5.34 |
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Drawdowns
TTPX.DE vs. ETLR.DE - Drawdown Comparison
The maximum TTPX.DE drawdown since its inception was -36.52%, which is greater than ETLR.DE's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for TTPX.DE and ETLR.DE.
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Drawdown Indicators
| TTPX.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -27.65% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -10.42% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -16.41% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -18.74% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -1.62% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -5.41% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.16% | -0.34% |
Volatility
TTPX.DE vs. ETLR.DE - Volatility Comparison
Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) and L&G Japan Equity UCITS ETF (ETLR.DE) have volatilities of 5.68% and 5.62%, 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
| TTPX.DE | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 5.62% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.12% | 15.07% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 18.68% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 16.43% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 16.89% | +1.31% |
TTPX.DE vs. ETLR.DE - Expense Ratio Comparison
TTPX.DE has a 0.48% expense ratio, which is higher than ETLR.DE's 0.10% expense ratio.
Dividends
TTPX.DE vs. ETLR.DE - Dividend Comparison
Neither TTPX.DE nor ETLR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, TTPX.DE and ETLR.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, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.48% for TTPX.DE.
TTPX.DE tracks TOPIX Index (EUR Hedged), while ETLR.DE tracks Solactive Core Japan Large & Mid Cap. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.48% for TTPX.DE and 0.10% for ETLR.DE.
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