TTPX.DE vs. JPNH.DE
TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) and JPNH.DE (Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist)) are both Japan Equities funds from Amundi tracking the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, TTPX.DE returned 13.71%/yr vs 13.72%/yr for JPNH.DE. With a 0.99 correlation, they move nearly in lockstep. TTPX.DE charges 0.48%/yr vs 0.45%/yr for JPNH.DE.
Performance
TTPX.DE vs. JPNH.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 JPNH.DE slightly higher at 19.83%. Both investments have delivered pretty close results over the past 10 years, with TTPX.DE having a 13.71% annualized return and JPNH.DE not far ahead at 13.72%.
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%
JPNH.DE
- 1D
- -0.93%
- 1M
- 1.78%
- 6M
- 12.92%
- YTD
- 19.83%
- 1Y
- 47.19%
- 3Y*
- 26.36%
- 5Y*
- 19.27%
- 10Y*
- 13.72%
TTPX.DE vs. JPNH.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) | 19.69% | 27.49% | 21.75% | 32.48% | -4.73% | 10.61% | 5.85% | 16.07% | -17.94% | 20.25% |
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 19.83% | 27.75% | 21.23% | 32.08% | -4.87% | 10.85% | 5.84% | 15.91% | -17.82% | 20.38% |
Correlation
The correlation between TTPX.DE and JPNH.DE is 1.00 - 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 | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2013 | 0.99 |
The correlation between TTPX.DE and JPNH.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
TTPX.DE vs. JPNH.DE — Risk / Return Rank
TTPX.DE
JPNH.DE
TTPX.DE vs. JPNH.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 Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.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 | JPNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 4.66 | +0.13 |
| Martin ratioReturn relative to average drawdown | 16.56 | 16.50 | +0.06 |
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Drawdowns
TTPX.DE vs. JPNH.DE - Drawdown Comparison
The maximum TTPX.DE drawdown since its inception was -36.52%, roughly equal to the maximum JPNH.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for TTPX.DE and JPNH.DE.
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Drawdown Indicators
| TTPX.DE | JPNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.52% | -36.52% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.80% | -10.08% | +0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -20.72% | +0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -20.72% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -36.52% | -36.52% | 0.00% |
Current DrawdownCurrent decline from peak | -1.56% | -1.64% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -7.95% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.85% | -0.01% |
Volatility
TTPX.DE vs. JPNH.DE - Volatility Comparison
Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) and Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) (JPNH.DE) have volatilities of 5.73% and 5.65%, 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 | JPNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.65% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.34% | 15.45% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 19.48% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.07% | 18.05% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 18.17% | -0.03% |
TTPX.DE vs. JPNH.DE - Expense Ratio Comparison
TTPX.DE has a 0.48% expense ratio, which is higher than JPNH.DE's 0.45% expense ratio.
Dividends
TTPX.DE vs. JPNH.DE - Dividend Comparison
TTPX.DE has not paid dividends to shareholders, while JPNH.DE's dividend yield for the trailing twelve months is around 0.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPNH.DE Amundi Japan TOPIX II UCITS ETF EUR Hedged (Dist) | 0.74% | 0.89% | 1.52% | 1.29% | 1.66% | 1.33% | 1.09% | 1.93% | 1.89% | 1.36% | 1.96% | 1.84% |
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
With a correlation of 1.00, TTPX.DE and JPNH.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, JPNH.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPNH.DE is cheaper with a 0.45% expense ratio, compared with 0.48% for TTPX.DE.
Both ETFs track TOPIX Index (EUR Hedged). Their fees differ too: 0.48% for TTPX.DE and 0.45% for JPNH.DE.
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