CCH.L vs. IJPH.L
CCH.L (Coca Cola HBC AG) is a stock, while IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) is Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index. Over the past 10 years, CCH.L returned 15.40%/yr vs 14.77%/yr for IJPH.L. At a 0.29 correlation, their price movements are largely independent.
Performance
CCH.L vs. IJPH.L - Performance Comparison
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Different Trading Currencies
CCH.L is traded in GBp, while IJPH.L is traded in GBP. To make them comparable, the IJPH.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CCH.L achieves a 13.01% return, which is significantly lower than IJPH.L's 19.91% return. Both investments have delivered pretty close results over the past 10 years, with CCH.L having a 15.40% annualized return and IJPH.L not far behind at 14.77%.
CCH.L
- 1D
- 1.00%
- 1M
- 1.39%
- YTD
- 13.01%
- 6M
- 17.85%
- 1Y
- 10.81%
- 3Y*
- 24.32%
- 5Y*
- 13.75%
- 10Y*
- 15.40%
IJPH.L
- 1D
- -0.37%
- 1M
- 6.95%
- YTD
- 19.91%
- 6M
- 21.68%
- 1Y
- 52.45%
- 3Y*
- 28.46%
- 5Y*
- 20.45%
- 10Y*
- 14.77%
CCH.L vs. IJPH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CCH.L Coca Cola HBC AG | 13.01% | 43.89% | 22.12% | 20.07% | -20.11% | 9.79% | -4.81% | 12.76% | 3.22% | 38.99% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 19.91% | 29.38% | 23.82% | 34.19% | -4.30% | 11.94% | 9.27% | 15.95% | -15.90% | 19.46% |
Correlation
The correlation between CCH.L and IJPH.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2013 | 0.29 |
Over the past year, the correlation between CCH.L and IJPH.L has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
CCH.L vs. IJPH.L — Risk / Return Rank
CCH.L
IJPH.L
CCH.L vs. IJPH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca Cola HBC AG (CCH.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L). 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.
| CCH.L | IJPH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.49 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | 5.41 | -4.82 |
| Martin ratioReturn relative to average drawdown | 1.25 | 19.27 | -18.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CCH.L | IJPH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.62 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.07 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.77 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.73 | -0.35 |
Drawdowns
CCH.L vs. IJPH.L - Drawdown Comparison
The maximum CCH.L drawdown since its inception was -48.45%, which is greater than IJPH.L's maximum drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for CCH.L and IJPH.L.
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Drawdown Indicators
| CCH.L | IJPH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -34.55% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -18.05% | -9.64% | -8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -21.95% | +3.90% |
Max Drawdown (5Y)Largest decline over 5 years | -47.54% | -21.95% | -25.59% |
Max Drawdown (10Y)Largest decline over 10 years | -48.45% | -34.55% | -13.90% |
Current DrawdownCurrent decline from peak | -10.48% | -0.37% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -7.42% | -7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.65% | 2.71% | +5.94% |
Volatility
CCH.L vs. IJPH.L - Volatility Comparison
Coca Cola HBC AG (CCH.L) has a higher volatility of 6.61% compared to iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) at 3.51%. This indicates that CCH.L's price experiences larger fluctuations and is considered to be riskier than IJPH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CCH.L | IJPH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.61% | 3.51% | +3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 15.39% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 19.98% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.83% | 19.01% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.24% | 19.24% | +7.00% |
Dividends
CCH.L vs. IJPH.L - Dividend Comparison
CCH.L's dividend yield for the trailing twelve months is around 2.45%, while IJPH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CCH.L Coca Cola HBC AG | 2.45% | 2.32% | 2.94% | 2.93% | 3.11% | 2.17% | 2.26% | 8.67% | 1.91% | 1.57% | 1.95% | 2.15% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 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
CCH.L and IJPH.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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