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CSJP.L vs. IJPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSJP.L vs. IJPD.L

Last updated Jun 5, 2026

CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - CSJP.L tracks the TOPIX TR JPY while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 10 years, CSJP.L returned 10.09%/yr vs 16.90%/yr for IJPD.L. Their correlation of 0.84 suggests significant overlap in exposure. CSJP.L charges 0.48%/yr vs 0.64%/yr for IJPD.L.

Performance

CSJP.L vs. IJPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, CSJP.L achieves a 16.41% return, which is significantly lower than IJPD.L's 20.63% return. Over the past 10 years, CSJP.L has underperformed IJPD.L with an annualized return of 10.09%, while IJPD.L has yielded a comparatively higher 16.90% annualized return.

CSJP.L

1D
-0.24%
1M
6.26%
YTD
16.41%
6M
15.60%
1Y
34.17%
3Y*
15.57%
5Y*
10.06%
10Y*
10.09%

IJPD.L

1D
-0.42%
1M
7.82%
YTD
20.63%
6M
21.12%
1Y
54.42%
3Y*
25.56%
5Y*
22.39%
10Y*
16.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSJP.L vs. IJPD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSJP.L
iShares MSCI Japan UCITS ETF USD (Acc)		16.41%17.48%9.01%13.68%-7.33%1.76%12.16%13.94%-8.52%13.00%
IJPD.L
iShares MSCI Japan USD Hedged UCITS ETF Accumulating		20.63%19.85%26.31%28.81%8.45%13.28%7.55%14.22%-9.17%10.36%

Correlation

The correlation between CSJP.L and IJPD.L is 0.83, 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

0.83

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

0.81

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

0.76

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

0.81

Correlation (All Time)
Calculated using the full available price history since Oct 8, 2013

0.84

The correlation between CSJP.L and IJPD.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.

CSJP.L vs. IJPD.L - Sectors Allocation Comparison

Sectors
CSJP.L
IJPD.L

Industrials

24.5%
26.0%

Technology

20.8%
19.1%

Financial Services

17.8%
17.5%

Consumer Cyclical

11.9%
12.2%

Communication Services

8.8%
7.9%

Healthcare

5.9%
6.3%

Consumer Defensive

3.5%
3.6%

Basic Materials

3.0%
3.0%

Real Estate

1.9%
2.3%

Utilities

1.0%
1.1%

Energy

1.0%
1.1%

Industrials

CSJP.L
24.5%
IJPD.L
26.0%

Technology

CSJP.L
20.8%
IJPD.L
19.1%

Financial Services

CSJP.L
17.8%
IJPD.L
17.5%

Consumer Cyclical

CSJP.L
11.9%
IJPD.L
12.2%

Communication Services

CSJP.L
8.8%
IJPD.L
7.9%

Healthcare

CSJP.L
5.9%
IJPD.L
6.3%

Consumer Defensive

CSJP.L
3.5%
IJPD.L
3.6%

Basic Materials

CSJP.L
3.0%
IJPD.L
3.0%

Real Estate

CSJP.L
1.9%
IJPD.L
2.3%

Utilities

CSJP.L
1.0%
IJPD.L
1.1%

Energy

CSJP.L
1.0%
IJPD.L
1.1%

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iShares MSCI Japan UCITS ETF USD (Acc)

iShares MSCI Japan USD Hedged UCITS ETF Accumulating

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Often compared with IJPD.L:
IJPD.L vs. IJPA.LIJPD.L vs. CSKR.LIJPD.L vs. IJPE.LIJPD.L vs. IUVL.LIJPD.L vs. GLDIJPD.L vs. EUNL.DEIJPD.L vs. EUNN.DE

Return for Risk

CSJP.L vs. IJPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSJP.L
CSJP.L Risk / Return Rank: 5959
Overall Rank
CSJP.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
CSJP.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
CSJP.L Omega Ratio Rank: 5959
Omega Ratio Rank
CSJP.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
CSJP.L Martin Ratio Rank: 5959
Martin Ratio Rank
IJPD.L
IJPD.L Risk / Return Rank: 8787
Overall Rank
IJPD.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
IJPD.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
IJPD.L Omega Ratio Rank: 8585
Omega Ratio Rank
IJPD.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJPD.L Martin Ratio Rank: 8989
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.

CSJP.L vs. IJPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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.

CSJP.LIJPD.LDifference
Sharpe ratioReturn per unit of total volatility
1.85
2.74

-0.88

Sortino ratioReturn per unit of downside risk
2.66
3.68

-1.02

Omega ratioGain probability vs. loss probability

1.35

1.50

-0.14

Calmar ratioReturn relative to maximum drawdown

3.24

6.35

-3.11

Martin ratioReturn relative to average drawdown

10.33

20.85

-10.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSJP.L vs. IJPD.L - Sharpe Ratio Comparison

The current CSJP.L Sharpe Ratio is 1.85, which is lower than the IJPD.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of CSJP.L and IJPD.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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Sharpe Ratios by Period

CSJP.LIJPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.74

-0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

1.17

-0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.86

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.73

-0.10

Drawdowns

CSJP.L vs. IJPD.L - Drawdown Comparison

The maximum CSJP.L drawdown since its inception was -24.31%, smaller than the maximum IJPD.L drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for CSJP.L and IJPD.L.

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Drawdown Indicators

CSJP.LIJPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.31%

-28.78%

+4.47%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-8.52%

-1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-21.36%

+7.04%

Max Drawdown (5Y)

Largest decline over 5 years

-18.68%

-21.36%

+2.68%

Max Drawdown (10Y)

Largest decline over 10 years

-24.31%

-28.78%

+4.47%

Current Drawdown

Current decline from peak

-0.24%

-0.42%

+0.18%

Average Drawdown

Average peak-to-trough decline

-6.10%

-5.38%

-0.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.60%

+0.70%

Volatility

CSJP.L vs. IJPD.L - Volatility Comparison

iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) has a higher volatility of 3.77% compared to iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) at 3.47%. This indicates that CSJP.L's price experiences larger fluctuations and is considered to be riskier than IJPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSJP.LIJPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

3.47%

+0.30%

Volatility (6M)

Calculated over the trailing 6-month period

14.90%

15.28%

-0.38%

Volatility (1Y)

Calculated over the trailing 1-year period

18.35%

19.81%

-1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

19.18%

-3.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.96%

19.68%

-3.72%

CSJP.L vs. IJPD.L - Expense Ratio Comparison

CSJP.L has a 0.48% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.

Dividends

CSJP.L vs. IJPD.L - Dividend Comparison

Neither CSJP.L nor IJPD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSJP.L and IJPD.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSJP.L is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSJP.L is cheaper with a 0.48% expense ratio, compared with 0.64% for IJPD.L.

CSJP.L tracks TOPIX TR JPY, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. Their fees differ too: 0.48% for CSJP.L and 0.64% for IJPD.L.

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