ESGJ.L vs. IGDA.L

Last updated Jul 16, 2026

ESGJ.L (Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - ESGJ.L is a Japan Equities fund tracking the Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, ESGJ.L returned 19.65%/yr vs 18.23%/yr for IGDA.L. A 0.65 correlation means they provide meaningful diversification when combined. ESGJ.L charges 0.19%/yr vs 0.40%/yr for IGDA.L.

Performance

ESGJ.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF (ESGJ.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGJ.L achieves a 17.08% return, which is significantly higher than IGDA.L's 12.26% return.

ESGJ.L

• 1D: 1.13%
• 1M: 0.75%
• 6M: 10.77%
• YTD: 17.08%
• 1Y: 37.54%
• 3Y*: 19.65%
• 5Y*: 9.49%
• 10Y*: —

IGDA.L

• 1D: -0.23%
• 1M: -1.78%
• 6M: 10.83%
• YTD: 12.26%
• 1Y: 25.93%
• 3Y*: 18.23%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGJ.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESGJ.L Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF	17.08%	27.11%	8.02%	19.45%	-18.05%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	12.26%	18.76%	17.94%	29.70%	-20.97%

Correlation

The correlation between ESGJ.L and IGDA.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	0.65

The correlation between ESGJ.L and IGDA.L has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

ESGJ.L vs. IGDA.L — Risk / Return Rank

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

ESGJ.L

ESGJ.L Risk / Return Rank: 66
ESGJ.L Sharpe Ratio Rank: 64
ESGJ.L Sortino Ratio Rank: 66
ESGJ.L Omega Ratio Rank: 65
ESGJ.L Calmar Ratio Rank: 70
ESGJ.L Martin Ratio Rank: 64

IGDA.L

IGDA.L Risk / Return Rank: 67
IGDA.L Sharpe Ratio Rank: 67
IGDA.L Sortino Ratio Rank: 70
IGDA.L Omega Ratio Rank: 63
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 69

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.

ESGJ.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF (ESGJ.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	ESGJ.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.75	-0.05
Sortino ratio: Return per unit of downside risk	2.43	2.54	-0.11
Omega ratio: Gain probability vs. loss probability	1.31	1.31	+0.01
Calmar ratio: Return relative to maximum drawdown	2.84	2.66	+0.18
Martin ratio: Return relative to average drawdown	9.02	10.04	-1.02

ESGJ.L vs. IGDA.L - Sharpe Ratio Comparison

The current ESGJ.L Sharpe Ratio is 1.70, which is comparable to the IGDA.L Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of ESGJ.L and IGDA.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.

Drawdowns

ESGJ.L vs. IGDA.L - Drawdown Comparison

The maximum ESGJ.L drawdown since its inception was -33.20%, which is greater than IGDA.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for ESGJ.L and IGDA.L.

Drawdown Indicators

	ESGJ.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	-27.14%	-6.06%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-9.69%	-3.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	-20.14%	+5.47%
Max Drawdown (5Y) Largest decline over 5 years	-33.20%	—	—
Current Drawdown Current decline from peak	-2.30%	-3.55%	+1.25%
Average Drawdown Average peak-to-trough decline	-9.47%	-6.96%	-2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	2.58%	+1.44%

Volatility

ESGJ.L vs. IGDA.L - Volatility Comparison

Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF (ESGJ.L) has a higher volatility of 6.67% compared to Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) at 4.17%. This indicates that ESGJ.L's price experiences larger fluctuations and is considered to be riskier than IGDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGJ.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	4.17%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	17.62%	11.86%	+5.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	14.79%	+6.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	17.67%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	17.67%	+0.76%

ESGJ.L vs. IGDA.L - Expense Ratio Comparison

ESGJ.L has a 0.19% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

ESGJ.L vs. IGDA.L - Dividend Comparison

Neither ESGJ.L nor IGDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGJ.L and IGDA.L in my portfolio?

ESGJ.L and IGDA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGJ.L or IGDA.L?

On fees, ESGJ.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGJ.L or IGDA.L?

ESGJ.L is cheaper with a 0.19% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between ESGJ.L and IGDA.L?

ESGJ.L is categorized as Japan Equities, while IGDA.L is Global Equities. ESGJ.L tracks Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.19% for ESGJ.L and 0.40% for IGDA.L.