XMK9.DE vs. TTPX.DE
XMK9.DE (Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged) and TTPX.DE (Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc)) are both Japan Equities funds - XMK9.DE tracks the MSCI Japan while TTPX.DE tracks the TOPIX Index (EUR Hedged). Both are passively managed. Over the past 10 years, XMK9.DE returned 13.76%/yr vs 13.40%/yr for TTPX.DE. With a 0.99 correlation, they move nearly in lockstep. XMK9.DE charges 0.40%/yr vs 0.48%/yr for TTPX.DE.
Performance
XMK9.DE vs. TTPX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XMK9.DE having a 16.18% return and TTPX.DE slightly higher at 16.32%. Both investments have delivered pretty close results over the past 10 years, with XMK9.DE having a 13.76% annualized return and TTPX.DE not far behind at 13.40%.
XMK9.DE
- 1D
- -2.85%
- 1M
- -4.71%
- 6M
- 8.87%
- YTD
- 16.18%
- 1Y
- 43.02%
- 3Y*
- 24.54%
- 5Y*
- 18.78%
- 10Y*
- 13.76%
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%
XMK9.DE vs. TTPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMK9.DE Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged | 16.18% | 27.06% | 22.48% | 33.32% | -6.06% | 11.96% | 7.38% | 17.43% | -16.83% | 18.73% |
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% |
Correlation
The correlation between XMK9.DE and TTPX.DE is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
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 XMK9.DE and TTPX.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
XMK9.DE vs. TTPX.DE — Risk / Return Rank
XMK9.DE
TTPX.DE
XMK9.DE vs. TTPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) and Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.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.
| XMK9.DE | TTPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 4.26 | +0.14 |
| Martin ratioReturn relative to average drawdown | 14.16 | 14.65 | -0.49 |
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Drawdowns
XMK9.DE vs. TTPX.DE - Drawdown Comparison
The maximum XMK9.DE drawdown since its inception was -34.30%, smaller than the maximum TTPX.DE drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for XMK9.DE and TTPX.DE.
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Drawdown Indicators
| XMK9.DE | TTPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.30% | -36.52% | +2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -9.80% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.74% | -20.65% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.74% | -20.65% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -34.30% | -36.52% | +2.22% |
Current DrawdownCurrent decline from peak | -6.84% | -4.33% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -7.80% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 2.86% | +0.17% |
Volatility
XMK9.DE vs. TTPX.DE - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 4C EUR Hedged (XMK9.DE) has a higher volatility of 7.62% compared to Amundi Japan Topix UCITS ETF Daily Hedged EUR (Acc) (TTPX.DE) at 6.03%. This indicates that XMK9.DE's price experiences larger fluctuations and is considered to be riskier than TTPX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMK9.DE | TTPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 6.03% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 15.54% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.86% | 19.47% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.94% | 18.09% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 18.15% | +0.38% |
XMK9.DE vs. TTPX.DE - Expense Ratio Comparison
XMK9.DE has a 0.40% expense ratio, which is lower than TTPX.DE's 0.48% expense ratio.
Dividends
XMK9.DE vs. TTPX.DE - Dividend Comparison
Neither XMK9.DE nor TTPX.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, XMK9.DE and TTPX.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, XMK9.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMK9.DE is cheaper with a 0.40% expense ratio, compared with 0.48% for TTPX.DE.
XMK9.DE tracks MSCI Japan, while TTPX.DE tracks TOPIX Index (EUR Hedged). They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.40% for XMK9.DE and 0.48% for TTPX.DE.
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