CJPU.L vs. IJPE.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - CJPU.L tracks the MSCI Japan Index (Net) while IJPE.L tracks the MSCI Japan Index. Both are passively managed. Over the past 10 years, CJPU.L returned 8.85%/yr vs 14.15%/yr for IJPE.L. A 0.65 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.64%/yr for IJPE.L.
Performance
CJPU.L vs. IJPE.L - Performance Comparison
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Different Trading Currencies
CJPU.L is traded in USD, while IJPE.L is traded in EUR. To make them comparable, the IJPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CJPU.L achieves a 12.44% return, which is significantly lower than IJPE.L's 13.81% return. Over the past 10 years, CJPU.L has underperformed IJPE.L with an annualized return of 8.85%, while IJPE.L has yielded a comparatively higher 14.15% annualized return.
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
IJPE.L
- 1D
- -2.41%
- 1M
- -4.81%
- 6M
- 7.70%
- YTD
- 13.81%
- 1Y
- 41.31%
- 3Y*
- 25.49%
- 5Y*
- 18.17%
- 10Y*
- 14.15%
CJPU.L vs. IJPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -13.50% | 24.10% |
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 13.81% | 44.44% | 14.53% | 37.02% | -11.11% | 3.87% | 18.57% | 13.15% | -20.81% | 35.54% |
Correlation
The correlation between CJPU.L and IJPE.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.65 |
Over the past year, CJPU.L and IJPE.L have become more correlated (0.91) than their long-term average of 0.65, meaning their price movements have been converging.
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Return for Risk
CJPU.L vs. IJPE.L — Risk / Return Rank
CJPU.L
IJPE.L
CJPU.L vs. IJPE.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 EUR Hedged UCITS ETF Accumulating (IJPE.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 | IJPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.44 | -1.07 |
| Martin ratioReturn relative to average drawdown | 7.70 | 11.26 | -3.56 |
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Drawdowns
CJPU.L vs. IJPE.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum IJPE.L drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for CJPU.L and IJPE.L.
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Drawdown Indicators
| CJPU.L | IJPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -40.48% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -11.96% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -20.61% | +5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -27.70% | -4.94% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -40.48% | +7.84% |
Current DrawdownCurrent decline from peak | -7.07% | -6.49% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -11.56% | +5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 3.66% | +0.28% |
Volatility
CJPU.L vs. IJPE.L - Volatility Comparison
The current volatility for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) is 7.14%, while iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a volatility of 7.63%. This indicates that CJPU.L experiences smaller price fluctuations and is considered to be less risky than IJPE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CJPU.L | IJPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 7.63% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 17.88% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 22.21% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 20.97% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 19.99% | -2.87% |
CJPU.L vs. IJPE.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than IJPE.L's 0.64% expense ratio.
Dividends
CJPU.L vs. IJPE.L - Dividend Comparison
Neither CJPU.L nor IJPE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, CJPU.L and IJPE.L 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, 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 IJPE.L.
CJPU.L tracks MSCI Japan Index (Net), while IJPE.L tracks MSCI Japan Index. Their fees differ too: 0.12% for CJPU.L and 0.64% for IJPE.L.
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