CLOA.DE vs. IJPA.L
CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both exchange-traded funds - CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while IJPA.L is a Japan Equities fund tracking the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past year, CLOA.DE returned 3.46% vs 30.25% for IJPA.L. At a correlation of -0.08, they often move in opposite directions. CLOA.DE charges 0.25%/yr vs 0.12%/yr for IJPA.L.
Performance
CLOA.DE vs. IJPA.L - Performance Comparison
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Different Trading Currencies
CLOA.DE is traded in EUR, while IJPA.L is traded in USD. To make them comparable, the IJPA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CLOA.DE achieves a 1.37% return, which is significantly lower than IJPA.L's 17.00% return.
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IJPA.L
- 1D
- -0.19%
- 1M
- 5.88%
- YTD
- 17.00%
- 6M
- 16.92%
- 1Y
- 30.25%
- 3Y*
- 15.54%
- 5Y*
- 9.87%
- 10Y*
- 9.06%
CLOA.DE vs. IJPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc | 17.00% | 10.38% |
Correlation
The correlation between CLOA.DE and IJPA.L is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.08 |
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Return for Risk
CLOA.DE vs. IJPA.L — Risk / Return Rank
CLOA.DE
IJPA.L
CLOA.DE vs. IJPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.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.
| CLOA.DE | IJPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.30 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 11.09 | 3.13 | +7.96 |
| Martin ratioReturn relative to average drawdown | 35.06 | 10.42 | +24.64 |
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
| CLOA.DE | IJPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 1.60 | +1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.31 | 0.53 | +1.78 |
Drawdowns
CLOA.DE vs. IJPA.L - Drawdown Comparison
The maximum CLOA.DE drawdown since its inception was -0.49%, smaller than the maximum IJPA.L drawdown of -29.22%. Use the drawdown chart below to compare losses from any high point for CLOA.DE and IJPA.L.
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Drawdown Indicators
| CLOA.DE | IJPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.49% | -29.22% | +28.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -9.63% | +9.32% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.22% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.19% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -6.52% | +6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.10% | 2.90% | -2.80% |
Volatility
CLOA.DE vs. IJPA.L - Volatility Comparison
The current volatility for Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) is 0.43%, while iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) has a volatility of 3.97%. This indicates that CLOA.DE experiences smaller price fluctuations and is considered to be less risky than IJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLOA.DE | IJPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.43% | 3.97% | -3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 15.55% | -14.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 18.89% | -17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.42% | 16.82% | -15.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.42% | 16.82% | -15.40% |
CLOA.DE vs. IJPA.L - Expense Ratio Comparison
CLOA.DE has a 0.25% expense ratio, which is higher than IJPA.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CLOA.DE vs. IJPA.L - Dividend Comparison
Neither CLOA.DE nor IJPA.L has paid dividends to shareholders.
Frequently Asked Questions
CLOA.DE and IJPA.L have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IJPA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IJPA.L is cheaper with a 0.12% expense ratio, compared with 0.25% for CLOA.DE.
CLOA.DE is categorized as CLO, while IJPA.L is Japan Equities. CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.25% for CLOA.DE and 0.12% for IJPA.L.
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