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CPXJ.L vs. XDJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPXJ.L vs. XDJP.L

Last updated Jul 18, 2026
Documentation

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while XDJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.57%/yr vs 11.53%/yr for XDJP.L. A 0.58 correlation means they provide meaningful diversification when combined. CPXJ.L charges 0.20%/yr vs 0.09%/yr for XDJP.L.

Performance

CPXJ.L vs. XDJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CPXJ.L is traded in USD, while XDJP.L is traded in GBp. To make them comparable, the XDJP.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CPXJ.L achieves a 10.40% return, which is significantly lower than XDJP.L's 24.35% return. Over the past 10 years, CPXJ.L has underperformed XDJP.L with an annualized return of 7.57%, while XDJP.L has yielded a comparatively higher 11.53% annualized return.

CPXJ.L

1D
-0.38%
1M
0.34%
6M
7.91%
YTD
10.40%
1Y
15.23%
3Y*
12.72%
5Y*
5.92%
10Y*
7.57%

XDJP.L

1D
-2.88%
1M
-9.01%
6M
17.56%
YTD
24.35%
1Y
49.42%
3Y*
20.91%
5Y*
11.18%
10Y*
11.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXJ.L vs. XDJP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CPXJ.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		10.40%20.05%5.35%5.87%-5.98%4.27%6.80%18.07%-10.72%26.08%
XDJP.L
Xtrackers Nikkei 225 UCITS ETF 1D		24.35%30.18%7.85%21.61%-19.86%-4.66%25.50%21.26%-8.99%25.66%

Correlation

The correlation between CPXJ.L and XDJP.L is 0.58, 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

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Jan 25, 2013

0.58

The correlation between CPXJ.L and XDJP.L has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.

CPXJ.L vs. XDJP.L - Sectors Allocation Comparison

Sectors
CPXJ.L
XDJP.L

Financial Services

45.1%
2.9%

Basic Materials

15.8%
4.1%

Industrials

8.7%
18.2%

Real Estate

7.2%
1.2%

Consumer Cyclical

6.9%
16.6%

Healthcare

3.8%
6.1%

Utilities

3.5%
0.1%

Consumer Defensive

3.2%
2.9%

Communication Services

2.6%
14.3%

Energy

2.5%
0.3%

Technology

1.0%
33.3%

Financial Services

CPXJ.L
45.1%
XDJP.L
2.9%

Basic Materials

CPXJ.L
15.8%
XDJP.L
4.1%

Industrials

CPXJ.L
8.7%
XDJP.L
18.2%

Real Estate

CPXJ.L
7.2%
XDJP.L
1.2%

Consumer Cyclical

CPXJ.L
6.9%
XDJP.L
16.6%

Healthcare

CPXJ.L
3.8%
XDJP.L
6.1%

Utilities

CPXJ.L
3.5%
XDJP.L
0.1%

Consumer Defensive

CPXJ.L
3.2%
XDJP.L
2.9%

Communication Services

CPXJ.L
2.6%
XDJP.L
14.3%

Energy

CPXJ.L
2.5%
XDJP.L
0.3%

Technology

CPXJ.L
1.0%
XDJP.L
33.3%

Compare stocks, funds, or ETFs

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iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc

Xtrackers Nikkei 225 UCITS ETF 1D

Often compared with CPXJ.L:
CPXJ.L vs. CEMAT.COCPXJ.L vs. VFEA.DECPXJ.L vs. IWDA.LCPXJ.L vs. VUAA.LCPXJ.L vs. QTOPCPXJ.L vs. IJPN.LCPXJ.L vs. DRIV
Often compared with XDJP.L:
XDJP.L vs. CNKY.LXDJP.L vs. VJPN.LXDJP.L vs. DXJXDJP.L vs. DXJG.LXDJP.L vs. CSJP.LXDJP.L vs. PRIJ.LXDJP.L vs. JPJP.L

Return for Risk

CPXJ.L vs. XDJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPXJ.L
CPXJ.L Risk / Return Rank: 4040
Overall Rank
CPXJ.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
CPXJ.L Sortino Ratio Rank: 4141
Sortino Ratio Rank
CPXJ.L Omega Ratio Rank: 3737
Omega Ratio Rank
CPXJ.L Calmar Ratio Rank: 4545
Calmar Ratio Rank
CPXJ.L Martin Ratio Rank: 4040
Martin Ratio Rank
XDJP.L
XDJP.L Risk / Return Rank: 7676
Overall Rank
XDJP.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
XDJP.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
XDJP.L Omega Ratio Rank: 7070
Omega Ratio Rank
XDJP.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
XDJP.L Martin Ratio Rank: 7171
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPXJ.L vs. XDJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.

CPXJ.LXDJP.LDifference
Sharpe ratioReturn per unit of total volatility
1.09
1.83

-0.74

Sortino ratioReturn per unit of downside risk
1.70
2.56

-0.87

Omega ratioGain probability vs. loss probability

1.20

1.31

-0.11

Calmar ratioReturn relative to maximum drawdown

1.78

3.20

-1.42

Martin ratioReturn relative to average drawdown

4.90

9.84

-4.94

CPXJ.L vs. XDJP.L - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.09, which is lower than the XDJP.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of CPXJ.L and XDJP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CPXJ.L vs. XDJP.L - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, smaller than the maximum XDJP.L drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and XDJP.L.

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Drawdown Indicators

CPXJ.LXDJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.92%

-99.99%

+61.07%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-15.36%

+6.86%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-19.06%

-0.19%

Max Drawdown (5Y)

Largest decline over 5 years

-24.27%

-33.97%

+9.70%

Max Drawdown (10Y)

Largest decline over 10 years

-38.92%

-35.79%

-3.13%

Current Drawdown

Current decline from peak

-1.69%

-99.97%

+98.28%

Average Drawdown

Average peak-to-trough decline

-8.31%

-99.41%

+91.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

5.01%

-1.91%

Volatility

CPXJ.L vs. XDJP.L - Volatility Comparison

The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) is 3.02%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a volatility of 10.29%. This indicates that CPXJ.L experiences smaller price fluctuations and is considered to be less risky than XDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CPXJ.LXDJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.02%

10.29%

-7.27%

Volatility (6M)

Calculated over the trailing 6-month period

11.66%

22.14%

-10.48%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

26.92%

-13.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.36%

20.58%

-3.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.88%

18.77%

-0.89%

CPXJ.L vs. XDJP.L - Expense Ratio Comparison

CPXJ.L has a 0.20% expense ratio, which is higher than XDJP.L's 0.09% 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

CPXJ.L vs. XDJP.L - Dividend Comparison

CPXJ.L has not paid dividends to shareholders, while XDJP.L's dividend yield for the trailing twelve months is around 1.10%.

PositionTTM20252024202320222021202020192018201720162015
CPXJ.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD 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%
XDJP.L
Xtrackers Nikkei 225 UCITS ETF 1D		1.10%1.33%1.41%1.60%2.47%1.20%1.11%1.13%1.24%0.72%0.83%0.16%

Frequently Asked Questions

CPXJ.L and XDJP.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDJP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.20% for CPXJ.L.

CPXJ.L is categorized as Asia Pacific Equities, while XDJP.L is Japan Equities. CPXJ.L tracks MSCI Pacific Ex Japan NR USD, while XDJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for CPXJ.L and 0.09% for XDJP.L.

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