CNKY.L vs. IDFF.L
CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) and IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) are both Japan Equities funds from iShares - CNKY.L tracks the TOPIX TR JPY while IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF. Both are passively managed. Over the past 10 years, CNKY.L returned 11.36%/yr vs 9.62%/yr for IDFF.L. A 0.57 correlation means they provide meaningful diversification when combined. CNKY.L charges 0.48%/yr vs 0.74%/yr for IDFF.L.
Performance
CNKY.L vs. IDFF.L - Performance Comparison
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Different Trading Currencies
CNKY.L is traded in GBp, while IDFF.L is traded in USD. To make them comparable, the IDFF.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CNKY.L having a 29.82% return and IDFF.L slightly lower at 28.62%. Over the past 10 years, CNKY.L has outperformed IDFF.L with an annualized return of 11.36%, while IDFF.L has yielded a comparatively lower 9.62% annualized return.
CNKY.L
- 1D
- -1.84%
- 1M
- -4.21%
- 6M
- 22.08%
- YTD
- 29.82%
- 1Y
- 56.71%
- 3Y*
- 21.39%
- 5Y*
- 12.24%
- 10Y*
- 11.36%
IDFF.L
- 1D
- 0.00%
- 1M
- -7.57%
- 6M
- 20.19%
- YTD
- 28.62%
- 1Y
- 49.10%
- 3Y*
- 23.30%
- 5Y*
- 7.86%
- 10Y*
- 9.62%
CNKY.L vs. IDFF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 29.82% | 20.64% | 9.15% | 15.02% | -10.53% | -4.18% | 21.18% | 16.38% | -3.99% | 14.19% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 28.62% | 29.55% | 14.11% | -3.61% | -12.49% | -8.34% | 22.21% | 12.81% | -10.15% | 29.45% |
Correlation
The correlation between CNKY.L and IDFF.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.57 |
The correlation between CNKY.L and IDFF.L shifts across timeframes, from 0.51 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CNKY.L vs. IDFF.L — Risk / Return Rank
CNKY.L
IDFF.L
CNKY.L vs. IDFF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.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.
| CNKY.L | IDFF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 4.40 | -0.16 |
| Martin ratioReturn relative to average drawdown | 11.91 | 12.07 | -0.16 |
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Drawdowns
CNKY.L vs. IDFF.L - Drawdown Comparison
The maximum CNKY.L drawdown since its inception was -99.40%, which is greater than IDFF.L's maximum drawdown of -51.16%. Use the drawdown chart below to compare losses from any high point for CNKY.L and IDFF.L.
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Drawdown Indicators
| CNKY.L | IDFF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -51.16% | -48.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -11.18% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -19.80% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -32.77% | +11.94% |
Max Drawdown (10Y)Largest decline over 10 years | -23.61% | -39.79% | +16.18% |
Current DrawdownCurrent decline from peak | -96.70% | -11.18% | -85.52% |
Average DrawdownAverage peak-to-trough decline | -95.12% | -12.96% | -82.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 4.09% | +0.66% |
Volatility
CNKY.L vs. IDFF.L - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) have volatilities of 10.00% and 10.40%, 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
| CNKY.L | IDFF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.00% | 10.40% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 20.54% | 20.87% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.00% | 23.62% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 20.66% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.46% | 20.11% | -2.65% |
CNKY.L vs. IDFF.L - Expense Ratio Comparison
CNKY.L has a 0.48% expense ratio, which is lower than IDFF.L's 0.74% expense ratio.
Dividends
CNKY.L vs. IDFF.L - Dividend Comparison
CNKY.L has not paid dividends to shareholders, while IDFF.L's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
Frequently Asked Questions
CNKY.L and IDFF.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNKY.L is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNKY.L is cheaper with a 0.48% expense ratio, compared with 0.74% for IDFF.L.
CNKY.L tracks TOPIX TR JPY, while IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF. Their fees differ too: 0.48% for CNKY.L and 0.74% for IDFF.L.
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