CJPU.L vs. IWDA.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CJPU.L is a Japan Equities fund tracking the MSCI Japan Index (Net), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 12.99%/yr for IWDA.L. A 0.58 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.20%/yr for IWDA.L.
Performance
CJPU.L vs. IWDA.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 higher than IWDA.L's 10.17% return. Over the past 10 years, CJPU.L has underperformed IWDA.L with an annualized return of 9.05%, while IWDA.L has yielded a comparatively higher 12.99% 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%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
CJPU.L vs. IWDA.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% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between CJPU.L and IWDA.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2010 | 0.58 |
The correlation between CJPU.L and IWDA.L shifts across timeframes, from 0.58 (all time) to 0.72 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CJPU.L vs. IWDA.L — Risk / Return Rank
CJPU.L
IWDA.L
CJPU.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.64 | +0.12 |
| Martin ratioReturn relative to average drawdown | 9.02 | 10.75 | -1.73 |
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Drawdowns
CJPU.L vs. IWDA.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CJPU.L and IWDA.L.
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Drawdown Indicators
| CJPU.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -34.11% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -8.31% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -16.94% | +2.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -25.88% | -6.76% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -34.11% | +1.47% |
Current DrawdownCurrent decline from peak | -4.54% | -0.12% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -4.39% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.04% | +1.88% |
Volatility
CJPU.L vs. IWDA.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a higher volatility of 6.79% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that CJPU.L's price experiences larger fluctuations and is considered to be riskier than IWDA.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 | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 2.72% | +4.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 9.80% | +8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 12.26% | +9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 15.73% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 15.78% | +1.32% |
CJPU.L vs. IWDA.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than IWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CJPU.L vs. IWDA.L - Dividend Comparison
Neither CJPU.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
CJPU.L and IWDA.L have a correlation of 0.70, 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 0.20% for IWDA.L.
CJPU.L is categorized as Japan Equities, while IWDA.L is Global Equities. CJPU.L tracks MSCI Japan Index (Net), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.12% for CJPU.L and 0.20% for IWDA.L.
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