CJPU.L vs. IJPH.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) are both Japan Equities funds from iShares - CJPU.L tracks the MSCI Japan Index (Net) while IJPH.L tracks the MSCI Japan 100% Hedged to GBP Index. Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 15.51%/yr for IJPH.L. A 0.71 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.64%/yr for IJPH.L.
Performance
CJPU.L vs. IJPH.L - Performance Comparison
Loading charts...
Different Trading Currencies
CJPU.L is traded in USD, while IJPH.L is traded in GBP. To make them comparable, the IJPH.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 15.49% return, which is significantly lower than IJPH.L's 22.86% return. Over the past 10 years, CJPU.L has underperformed IJPH.L with an annualized return of 9.05%, while IJPH.L has yielded a comparatively higher 15.51% 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%
IJPH.L
- 1D
- 0.13%
- 1M
- 1.99%
- 6M
- 15.32%
- YTD
- 22.86%
- 1Y
- 53.76%
- 3Y*
- 30.08%
- 5Y*
- 20.92%
- 10Y*
- 15.51%
CJPU.L vs. IJPH.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% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 22.86% | 39.14% | 21.76% | 41.27% | -14.53% | 10.92% | 12.62% | 20.59% | -20.65% | 30.82% |
Correlation
The correlation between CJPU.L and IJPH.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.71 |
The correlation between CJPU.L and IJPH.L shifts across timeframes, from 0.71 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CJPU.L vs. IJPH.L — Risk / Return Rank
CJPU.L
IJPH.L
CJPU.L vs. IJPH.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 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.
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 | IJPH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.42 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 4.51 | -1.76 |
| Martin ratioReturn relative to average drawdown | 9.02 | 16.14 | -7.12 |
Loading charts...
Drawdowns
CJPU.L vs. IJPH.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum IJPH.L drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for CJPU.L and IJPH.L.
Loading charts...
Drawdown Indicators
| CJPU.L | IJPH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -45.23% | +12.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -11.86% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -22.91% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -30.65% | -1.99% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -44.24% | +11.60% |
Current DrawdownCurrent decline from peak | -4.54% | -1.18% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -12.07% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.32% | +0.60% |
Volatility
CJPU.L vs. IJPH.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) have volatilities of 6.79% and 7.11%, 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.
Loading charts...
Volatility by Period
| CJPU.L | IJPH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 7.11% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 18.20% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 22.92% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 22.24% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 21.79% | -4.69% |
CJPU.L vs. IJPH.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than IJPH.L's 0.64% expense ratio.
Dividends
CJPU.L vs. IJPH.L - Dividend Comparison
Neither CJPU.L nor IJPH.L has paid dividends to shareholders.
Frequently Asked Questions
CJPU.L and IJPH.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 IJPH.L.
CJPU.L tracks MSCI Japan Index (Net), while IJPH.L tracks MSCI Japan 100% Hedged to GBP Index. Their fees differ too: 0.12% for CJPU.L and 0.64% for IJPH.L.
Find the right allocation for CJPU.L and IJPH.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer