TTPX.DE vs. IBCG.DE
TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) and IBCG.DE (iShares MSCI Japan EUR Hedged UCITS ETF (Acc)) are both Japan Equities funds - TTPX.DE tracks the TOPIX Index (EUR Hedged) while IBCG.DE tracks the MSCI Japan Index (EUR Hedged). Both are passively managed. Over the past 10 years, TTPX.DE returned 14.51%/yr vs 14.99%/yr for IBCG.DE. With a 0.99 correlation, they move nearly in lockstep. TTPX.DE charges 0.48%/yr vs 0.64%/yr for IBCG.DE.
Performance
TTPX.DE vs. IBCG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TTPX.DE achieves a 20.00% return, which is significantly lower than IBCG.DE's 21.27% return. Both investments have delivered pretty close results over the past 10 years, with TTPX.DE having a 14.51% annualized return and IBCG.DE not far ahead at 14.99%.
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%
IBCG.DE
- 1D
- 1.23%
- 1M
- 1.98%
- 6M
- 20.86%
- YTD
- 21.27%
- 1Y
- 48.23%
- 3Y*
- 25.91%
- 5Y*
- 19.57%
- 10Y*
- 14.99%
TTPX.DE vs. IBCG.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) | 20.00% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
IBCG.DE iShares MSCI Japan EUR Hedged UCITS ETF (Acc) | 21.27% | 26.94% | 22.76% | 32.85% | -5.89% | 12.06% | 7.58% | 16.67% | -16.91% | 18.65% |
Correlation
The correlation between TTPX.DE and IBCG.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2013 | 0.99 |
The correlation between TTPX.DE and IBCG.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
TTPX.DE vs. IBCG.DE — Risk / Return Rank
TTPX.DE
IBCG.DE
TTPX.DE vs. IBCG.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 EUR Hedged UCITS ETF (Acc) (IBCG.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 | IBCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 4.83 | -0.14 |
| Martin ratioReturn relative to average drawdown | 16.30 | 16.49 | -0.18 |
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Drawdowns
TTPX.DE vs. IBCG.DE - Drawdown Comparison
The maximum TTPX.DE drawdown since its inception was -36.52%, roughly equal to the maximum IBCG.DE drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for TTPX.DE and IBCG.DE.
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Drawdown Indicators
| TTPX.DE | IBCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -34.79% | -1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -9.94% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -21.63% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -21.63% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -34.79% | -1.73% |
Current DrawdownCurrent decline from peak | -1.22% | -2.74% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -7.82% | -8.32% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.92% | -0.10% |
Volatility
TTPX.DE vs. IBCG.DE - Volatility Comparison
The current volatility for Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) is 5.68%, while iShares MSCI Japan EUR Hedged UCITS ETF (Acc) (IBCG.DE) has a volatility of 6.70%. This indicates that TTPX.DE experiences smaller price fluctuations and is considered to be less risky than IBCG.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 | IBCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.68% | 6.70% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 15.12% | 15.91% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.07% | 20.07% | -1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 18.62% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.20% | 18.45% | -0.25% |
TTPX.DE vs. IBCG.DE - Expense Ratio Comparison
TTPX.DE has a 0.48% expense ratio, which is lower than IBCG.DE's 0.64% expense ratio.
Dividends
TTPX.DE vs. IBCG.DE - Dividend Comparison
Neither TTPX.DE nor IBCG.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, TTPX.DE and IBCG.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, TTPX.DE is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TTPX.DE is cheaper with a 0.48% expense ratio, compared with 0.64% for IBCG.DE.
TTPX.DE tracks TOPIX Index (EUR Hedged), while IBCG.DE tracks MSCI Japan Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.48% for TTPX.DE and 0.64% for IBCG.DE.
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