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ETF ListGuidesTOPIX vs Nikkei 225 ETFs: Key Differences
Guide

TOPIX vs Nikkei 225 ETFs: Key Differences

TOPIX ETFs give broad Japan stock-market exposure. Nikkei 225 ETFs follow 225 selected Japanese companies.

The main difference

TOPIX is the broader Japan stock-market index. It covers a wide group of listed Japanese companies and is often used when investors want broad domestic equity exposure.

Nikkei 225 is narrower. It tracks 225 selected Japanese companies and is the headline number many people see in market news.

Simple example

The TOPIX ETF page groups broad Japan-market listings. ETF Note currently lists 42 TOPIX-related ETFs.

The Nikkei 225 ETF page groups ETFs tied to the well-known 225-stock benchmark. ETF Note currently lists 28 Nikkei 225-related ETFs.

ETFs to compare

For TOPIX, examples include 1308 Listed Index Fund TOPIX, 1348 MAXIS TOPIX ETF, 1473 One ETF TOPIX, 2557 SMDAM TOPIX ETF. For Nikkei 225, examples include 1330 Listed Index Fund 225, 1346 MAXIS NIKKEI225 ETF, 1578 Listed Index Fund Nikkei 225 (Mini), 1369 One ETF Nikkei225.

Compare the fee, issuer, trading unit, market-maker flag, and fund type. The same category can include normal ETFs, leveraged ETFs, and inverse products.

How the categories differ

TOPIX is the broader category because it represents more of the Japanese equity market.

Nikkei 225 is the more familiar headline index, but it is not the same as owning the whole Japanese market.

ETF Note is provided for general reference only and is not investment advice, a recommendation, or a solicitation to buy or sell any financial instrument. Data is compiled from publicly available JPX source pages and may contain delays, omissions, or processing errors. ETF Note is independently operated and is not affiliated with or endorsed by JPX, TSE, Google Finance, or Yahoo Finance Japan. ETF Note is not registered as an investment adviser under the Financial Instruments and Exchange Act (FIEA) and does not provide investment advice.

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ETF Note · etfnote.netData last updated: May 26, 2026, 10:26 AM JST