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DXJG.L vs. IJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DXJG.L vs. IJPA.L

Last updated Jun 5, 2026

DXJG.L (WisdomTree Japan Equity UCITS ETF JPY Acc) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both Japan Equities funds - DXJG.L tracks the TOPIX TR JPY while IJPA.L tracks the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past 10 years, DXJG.L returned 12.04%/yr vs 10.12%/yr for IJPA.L. Their correlation of 0.88 suggests significant overlap in exposure. DXJG.L charges 0.40%/yr vs 0.12%/yr for IJPA.L.

Performance

DXJG.L vs. IJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, DXJG.L achieves a 17.18% return, which is significantly higher than IJPA.L's 16.15% return. Over the past 10 years, DXJG.L has outperformed IJPA.L with an annualized return of 12.04%, while IJPA.L has yielded a comparatively lower 10.12% annualized return.

DXJG.L

1D
0.25%
1M
6.33%
YTD
17.18%
6M
17.52%
1Y
36.74%
3Y*
19.56%
5Y*
14.28%
10Y*
12.04%

IJPA.L

1D
-0.05%
1M
6.14%
YTD
16.15%
6M
15.80%
1Y
33.76%
3Y*
15.71%
5Y*
10.04%
10Y*
10.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJG.L vs. IJPA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DXJG.L
WisdomTree Japan Equity UCITS ETF JPY Acc		17.18%19.87%13.08%18.87%1.09%6.32%5.73%12.68%-13.96%14.74%
IJPA.L
iShares Core MSCI Japan IMI UCITS ETF USD Acc		16.15%18.21%8.48%13.38%-6.19%1.11%11.60%13.95%-9.06%14.95%

Correlation

The correlation between DXJG.L and IJPA.L is 0.85, 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

0.85

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

0.90

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

0.88

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

0.87

Correlation (All Time)
Calculated using the full available price history since Nov 5, 2015

0.88

The correlation between DXJG.L and IJPA.L has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.

DXJG.L vs. IJPA.L - Sectors Allocation Comparison

Sectors
DXJG.L
IJPA.L

Industrials

28.3%
25.2%

Financial Services

19.4%
15.7%

Consumer Cyclical

16.4%
12.2%

Technology

12.8%
19.8%

Basic Materials

7.5%
5.1%

Healthcare

7.1%
5.8%

Communication Services

4.0%
5.7%

Consumer Defensive

2.6%
4.0%

Energy

2.0%
0.9%

Real Estate

-

3.0%

Utilities

-

1.2%

Industrials

DXJG.L
28.3%
IJPA.L
25.2%

Financial Services

DXJG.L
19.4%
IJPA.L
15.7%

Consumer Cyclical

DXJG.L
16.4%
IJPA.L
12.2%

Technology

DXJG.L
12.8%
IJPA.L
19.8%

Basic Materials

DXJG.L
7.5%
IJPA.L
5.1%

Healthcare

DXJG.L
7.1%
IJPA.L
5.8%

Communication Services

DXJG.L
4.0%
IJPA.L
5.7%

Consumer Defensive

DXJG.L
2.6%
IJPA.L
4.0%

Energy

DXJG.L
2.0%
IJPA.L
0.9%

Real Estate

DXJG.L

-

IJPA.L
3.0%

Utilities

DXJG.L

-

IJPA.L
1.2%

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WisdomTree Japan Equity UCITS ETF JPY Acc

iShares Core MSCI Japan IMI UCITS ETF USD Acc

Often compared with DXJG.L:
DXJG.L vs. DXJDXJG.L vs. XDJP.LDXJG.L vs. XDEM.LDXJG.L vs. LCJP.LDXJG.L vs. PRIJ.LDXJG.L vs. CSJP.LDXJG.L vs. JPJP.L
Often compared with IJPA.L:
IJPA.L vs. IJPE.LIJPA.L vs. VJPN.LIJPA.L vs. IJPD.LIJPA.L vs. GLDIJPA.L vs. IAUIJPA.L vs. VJPB.LIJPA.L vs. FBT.L

Return for Risk

DXJG.L vs. IJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DXJG.L
DXJG.L Risk / Return Rank: 6363
Overall Rank
DXJG.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
DXJG.L Sortino Ratio Rank: 6060
Sortino Ratio Rank
DXJG.L Omega Ratio Rank: 6161
Omega Ratio Rank
DXJG.L Calmar Ratio Rank: 7171
Calmar Ratio Rank
DXJG.L Martin Ratio Rank: 6161
Martin Ratio Rank
IJPA.L
IJPA.L Risk / Return Rank: 5151
Overall Rank
IJPA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IJPA.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
IJPA.L Omega Ratio Rank: 5151
Omega Ratio Rank
IJPA.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
IJPA.L Martin Ratio Rank: 5252
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.

DXJG.L vs. IJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) 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.

DXJG.LIJPA.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
1.81

+0.21

Sortino ratioReturn per unit of downside risk
2.80
2.62

+0.18

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.02

Calmar ratioReturn relative to maximum drawdown

3.49

3.16

+0.32

Martin ratioReturn relative to average drawdown

10.82

10.36

+0.45

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

DXJG.L vs. IJPA.L - Sharpe Ratio Comparison

The current DXJG.L Sharpe Ratio is 2.01, which is comparable to the IJPA.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of DXJG.L and IJPA.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

DXJG.LIJPA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

1.81

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.62

+0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.61

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.54

+0.15

Drawdowns

DXJG.L vs. IJPA.L - Drawdown Comparison

The maximum DXJG.L drawdown since its inception was -29.26%, which is greater than IJPA.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for DXJG.L and IJPA.L.

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Drawdown Indicators

DXJG.LIJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.26%

-25.10%

-4.16%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-10.63%

+0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-14.83%

-13.21%

-1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-14.83%

-18.93%

+4.10%

Max Drawdown (10Y)

Largest decline over 10 years

-29.26%

-25.10%

-4.16%

Current Drawdown

Current decline from peak

-0.86%

-0.05%

-0.81%

Average Drawdown

Average peak-to-trough decline

-5.34%

-6.35%

+1.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.39%

3.25%

+0.14%

Volatility

DXJG.L vs. IJPA.L - Volatility Comparison

WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) has a higher volatility of 4.77% compared to iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) at 4.11%. This indicates that DXJG.L's price experiences larger fluctuations and is considered to be riskier 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

DXJG.LIJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

4.11%

+0.66%

Volatility (6M)

Calculated over the trailing 6-month period

14.81%

15.54%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

18.17%

18.61%

-0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.13%

16.16%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.11%

16.58%

-0.47%

DXJG.L vs. IJPA.L - Expense Ratio Comparison

DXJG.L has a 0.40% expense ratio, which is higher than IJPA.L's 0.12% expense ratio.

Dividends

DXJG.L vs. IJPA.L - Dividend Comparison

Neither DXJG.L nor IJPA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

DXJG.L and IJPA.L have a correlation of 0.85, 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 0.40% for DXJG.L.

DXJG.L tracks TOPIX TR JPY, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for DXJG.L and 0.12% for IJPA.L.

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