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

DXJG.L vs. IJPD.L

Last updated Jun 5, 2026

DXJG.L (WisdomTree Japan Equity UCITS ETF JPY Acc) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds - DXJG.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, DXJG.L returned 12.04%/yr vs 16.90%/yr for IJPD.L. A 0.78 correlation means they provide meaningful diversification when combined. DXJG.L charges 0.40%/yr vs 0.64%/yr for IJPD.L.

Performance

DXJG.L vs. IJPD.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 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

DXJG.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, DXJG.L achieves a 17.18% return, which is significantly lower than IJPD.L's 20.63% return. Over the past 10 years, DXJG.L has underperformed IJPD.L with an annualized return of 12.04%, while IJPD.L has yielded a comparatively higher 16.90% 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%

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)

DXJG.L vs. IJPD.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%
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 DXJG.L and IJPD.L is 0.75, 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

0.75

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

0.77

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

0.72

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

0.77

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

0.78

The correlation between DXJG.L and IJPD.L has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

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

Sectors
DXJG.L
IJPD.L

Industrials

28.3%
26.0%

Financial Services

19.4%
17.5%

Consumer Cyclical

16.4%
12.2%

Technology

12.8%
19.1%

Basic Materials

7.5%
3.0%

Healthcare

7.1%
6.3%

Communication Services

4.0%
7.9%

Consumer Defensive

2.6%
3.6%

Energy

2.0%
1.1%

Real Estate

-

2.3%

Utilities

-

1.1%

Industrials

DXJG.L
28.3%
IJPD.L
26.0%

Financial Services

DXJG.L
19.4%
IJPD.L
17.5%

Consumer Cyclical

DXJG.L
16.4%
IJPD.L
12.2%

Technology

DXJG.L
12.8%
IJPD.L
19.1%

Basic Materials

DXJG.L
7.5%
IJPD.L
3.0%

Healthcare

DXJG.L
7.1%
IJPD.L
6.3%

Communication Services

DXJG.L
4.0%
IJPD.L
7.9%

Consumer Defensive

DXJG.L
2.6%
IJPD.L
3.6%

Energy

DXJG.L
2.0%
IJPD.L
1.1%

Real Estate

DXJG.L

-

IJPD.L
2.3%

Utilities

DXJG.L

-

IJPD.L
1.1%

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WisdomTree Japan Equity UCITS ETF JPY Acc

iShares MSCI Japan USD Hedged UCITS ETF Accumulating

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 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

DXJG.L vs. IJPD.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
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.

DXJG.L vs. IJPD.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 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.

DXJG.LIJPD.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
2.74

-0.73

Sortino ratioReturn per unit of downside risk
2.80
3.68

-0.88

Omega ratioGain probability vs. loss probability

1.37

1.50

-0.13

Calmar ratioReturn relative to maximum drawdown

3.49

6.35

-2.87

Martin ratioReturn relative to average drawdown

10.82

20.85

-10.03

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. IJPD.L - Sharpe Ratio Comparison

The current DXJG.L Sharpe Ratio is 2.01, which is comparable to the IJPD.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of DXJG.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

DXJG.LIJPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

2.74

-0.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

1.17

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

0.86

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.73

-0.03

Drawdowns

DXJG.L vs. IJPD.L - Drawdown Comparison

The maximum DXJG.L drawdown since its inception was -29.26%, roughly equal to the maximum IJPD.L drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for DXJG.L and IJPD.L.

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Drawdown Indicators

DXJG.LIJPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-29.26%

-28.78%

-0.48%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-8.52%

-1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-14.83%

-21.36%

+6.53%

Max Drawdown (5Y)

Largest decline over 5 years

-14.83%

-21.36%

+6.53%

Max Drawdown (10Y)

Largest decline over 10 years

-29.26%

-28.78%

-0.48%

Current Drawdown

Current decline from peak

-0.86%

-0.42%

-0.44%

Average Drawdown

Average peak-to-trough decline

-5.34%

-5.38%

+0.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.39%

2.60%

+0.79%

Volatility

DXJG.L vs. IJPD.L - Volatility Comparison

WisdomTree Japan Equity UCITS ETF JPY Acc (DXJG.L) has a higher volatility of 4.77% compared to iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) at 3.47%. This indicates that DXJG.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

DXJG.LIJPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

3.47%

+1.30%

Volatility (6M)

Calculated over the trailing 6-month period

14.81%

15.28%

-0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

18.17%

19.81%

-1.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.13%

19.18%

-3.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.11%

19.68%

-3.57%

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

DXJG.L has a 0.40% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.

Dividends

DXJG.L vs. IJPD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

DXJG.L and IJPD.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DXJG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DXJG.L is cheaper with a 0.40% expense ratio, compared with 0.64% for IJPD.L.

DXJG.L tracks TOPIX TR JPY, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.40% for DXJG.L and 0.64% for IJPD.L.

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