EEJG.L vs. IJPA.L

Last updated Jun 5, 2026

EEJG.L (iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both Japan Equities funds from iShares - EEJG.L tracks the TOPIX TR JPY while IJPA.L tracks the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past 5 years, EEJG.L returned 9.31%/yr vs 10.04%/yr for IJPA.L. Their correlation of 0.92 suggests significant overlap in exposure. EEJG.L charges 0.15%/yr vs 0.12%/yr for IJPA.L.

Performance

EEJG.L vs. IJPA.L - Performance Comparison

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

Different Trading Currencies

EEJG.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

The year-to-date returns for both investments are quite close, with EEJG.L having a 15.84% return and IJPA.L slightly higher at 16.15%.

EEJG.L

• 1D: -0.30%
• 1M: 5.45%
• YTD: 15.84%
• 6M: 15.60%
• 1Y: 34.38%
• 3Y*: 14.25%
• 5Y*: 9.31%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	15.84%	17.60%	6.43%	13.48%	-8.04%	1.83%	19.79%
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc	16.11%	18.21%	8.48%	13.38%	-6.19%	1.11%	18.27%

Correlation

The correlation between EEJG.L and IJPA.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020	0.92

The correlation between EEJG.L and IJPA.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

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

Sectors	EEJG.L	IJPA.L
Industrials	22.9%	25.2%
Technology	22.2%	19.8%
Financial Services	21.1%	15.7%
Consumer Cyclical	10.4%	12.2%
Healthcare	8.5%	5.8%
Communication Services	8.4%	5.7%
Real Estate	4.0%	3.0%
Basic Materials	1.4%	5.1%
Consumer Defensive	0.8%	4.0%
Energy	0.1%	0.9%
Utilities	0.1%	1.2%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEJG.L

EEJG.L Risk / Return Rank: 57
EEJG.L Sharpe Ratio Rank: 54
EEJG.L Sortino Ratio Rank: 55
EEJG.L Omega Ratio Rank: 58
EEJG.L Calmar Ratio Rank: 61
EEJG.L Martin Ratio Rank: 57

IJPA.L

IJPA.L Risk / Return Rank: 51
IJPA.L Sharpe Ratio Rank: 47
IJPA.L Sortino Ratio Rank: 51
IJPA.L Omega Ratio Rank: 51
IJPA.L Calmar Ratio Rank: 55
IJPA.L Martin Ratio Rank: 52

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.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.

	EEJG.L	IJPA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.81	+0.02
Sortino ratio: Return per unit of downside risk	2.62	2.62	-0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	3.01	3.16	-0.16
Martin ratio: Return relative to average drawdown	9.84	10.36	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EEJG.L Sharpe Ratio is 1.82, which is comparable to the IJPA.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of EEJG.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.

Sharpe Ratios by Period

	EEJG.L	IJPA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.81	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.62	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.54	+0.12

Drawdowns

EEJG.L vs. IJPA.L - Drawdown Comparison

The maximum EEJG.L drawdown since its inception was -19.37%, smaller than the maximum IJPA.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for EEJG.L and IJPA.L.

Drawdown Indicators

	EEJG.L	IJPA.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-25.10%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-10.63%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-13.99%	-13.21%	-0.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-18.93%	-0.44%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.10%	—
Current Drawdown Current decline from peak	-0.30%	-0.05%	-0.25%
Average Drawdown Average peak-to-trough decline	-5.78%	-6.35%	+0.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.25%	+0.23%

Volatility

EEJG.L vs. IJPA.L - Volatility Comparison

iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) have volatilities of 4.29% and 4.11%, 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.

Volatility by Period

	EEJG.L	IJPA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.11%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	15.54%	-0.31%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	18.61%	+0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	16.16%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	16.58%	-0.59%

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

EEJG.L has a 0.15% expense ratio, which is higher than IJPA.L's 0.12% 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

EEJG.L vs. IJPA.L - Dividend Comparison

EEJG.L's dividend yield for the trailing twelve months is around 1.36%, while IJPA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	1.36%	1.57%	1.81%	1.74%	2.10%	1.69%	1.64%
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEJG.L and IJPA.L in my portfolio?

With a correlation of 0.93, EEJG.L and IJPA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, EEJG.L or IJPA.L?

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.

Which ETF is cheaper, EEJG.L or IJPA.L?

IJPA.L is cheaper with a 0.12% expense ratio, compared with 0.15% for EEJG.L.

What is the main difference between EEJG.L and IJPA.L?

EEJG.L tracks TOPIX TR JPY, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). Their fees differ too: 0.15% for EEJG.L and 0.12% for IJPA.L.