CJPU.L vs. IJPD.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - CJPU.L tracks the MSCI Japan Index (Net) while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 16.33%/yr for IJPD.L. A 0.76 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.64%/yr for IJPD.L.
Performance
CJPU.L vs. IJPD.L - Performance Comparison
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Returns By Period
In the year-to-date period, CJPU.L achieves a 15.49% return, which is significantly lower than IJPD.L's 22.10% return. Over the past 10 years, CJPU.L has underperformed IJPD.L with an annualized return of 9.05%, while IJPD.L has yielded a comparatively higher 16.33% annualized return.
CJPU.L
- 1D
- -0.89%
- 1M
- -1.47%
- 6M
- 9.41%
- YTD
- 15.49%
- 1Y
- 35.30%
- 3Y*
- 17.79%
- 5Y*
- 9.27%
- 10Y*
- 9.05%
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
CJPU.L vs. IJPD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.49% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -13.50% | 24.10% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
Correlation
The correlation between CJPU.L and IJPD.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.76 |
The correlation between CJPU.L and IJPD.L shifts across timeframes, from 0.76 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CJPU.L vs. IJPD.L — Risk / Return Rank
CJPU.L
IJPD.L
CJPU.L vs. IJPD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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.
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.
| CJPU.L | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 5.55 | -2.80 |
| Martin ratioReturn relative to average drawdown | 9.02 | 18.34 | -9.32 |
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Drawdowns
CJPU.L vs. IJPD.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, roughly equal to the maximum IJPD.L drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for CJPU.L and IJPD.L.
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Drawdown Indicators
| CJPU.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -31.09% | -1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -9.32% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -21.80% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -21.80% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -31.09% | -1.55% |
Current DrawdownCurrent decline from peak | -4.54% | -3.28% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -6.71% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.83% | +1.09% |
Volatility
CJPU.L vs. IJPD.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) have volatilities of 6.79% and 6.63%, 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
| CJPU.L | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 6.63% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 16.49% | +1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 20.77% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 18.97% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 18.64% | -1.54% |
CJPU.L vs. IJPD.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
CJPU.L vs. IJPD.L - Dividend Comparison
Neither CJPU.L nor IJPD.L has paid dividends to shareholders.
Frequently Asked Questions
CJPU.L and IJPD.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.64% for IJPD.L.
CJPU.L tracks MSCI Japan Index (Net), while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. Their fees differ too: 0.12% for CJPU.L and 0.64% for IJPD.L.
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