ESGJ.L vs. IPXJ.L

Last updated Jul 16, 2026

ESGJ.L (Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF) and IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) are both Japan Equities funds - ESGJ.L tracks the Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF while IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, ESGJ.L returned 9.49%/yr vs 5.56%/yr for IPXJ.L. A 0.66 correlation means they provide meaningful diversification when combined. ESGJ.L charges 0.19%/yr vs 0.60%/yr for IPXJ.L.

Performance

ESGJ.L vs. IPXJ.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 iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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 IPXJ.L's 10.20% 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*: —

IPXJ.L

• 1D: -0.55%
• 1M: 1.44%
• 6M: 8.32%
• YTD: 10.20%
• 1Y: 15.90%
• 3Y*: 12.30%
• 5Y*: 5.56%
• 10Y*: 7.06%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
ESGJ.L Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF	17.08%	27.11%	8.02%	19.45%	-17.71%	-1.77%
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)	10.20%	19.91%	4.45%	5.64%	-6.26%	0.91%

Correlation

The correlation between ESGJ.L and IPXJ.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021	0.66

The correlation between ESGJ.L and IPXJ.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

ESGJ.L vs. IPXJ.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

IPXJ.L

IPXJ.L Risk / Return Rank: 39
IPXJ.L Sharpe Ratio Rank: 37
IPXJ.L Sortino Ratio Rank: 40
IPXJ.L Omega Ratio Rank: 35
IPXJ.L Calmar Ratio Rank: 43
IPXJ.L Martin Ratio Rank: 39

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. IPXJ.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 iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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	IPXJ.L	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.12	+0.58
Sortino ratio: Return per unit of downside risk	2.43	1.72	+0.71
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.84	1.81	+1.03
Martin ratio: Return relative to average drawdown	9.02	4.92	+4.10

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

The current ESGJ.L Sharpe Ratio is 1.70, which is higher than the IPXJ.L Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of ESGJ.L and IPXJ.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. IPXJ.L - Drawdown Comparison

The maximum ESGJ.L drawdown since its inception was -33.20%, smaller than the maximum IPXJ.L drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for ESGJ.L and IPXJ.L.

Drawdown Indicators

	ESGJ.L	IPXJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.20%	-38.93%	+5.73%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-8.53%	-4.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	-18.67%	+4.00%
Max Drawdown (5Y) Largest decline over 5 years	-33.20%	-24.44%	-8.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.93%	—
Current Drawdown Current decline from peak	-2.30%	-1.69%	-0.61%
Average Drawdown Average peak-to-trough decline	-9.47%	-8.62%	-0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	3.15%	+0.87%

Volatility

ESGJ.L vs. IPXJ.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 iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) at 3.37%. This indicates that ESGJ.L's price experiences larger fluctuations and is considered to be riskier than IPXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGJ.L	IPXJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.67%	3.37%	+3.30%
Volatility (6M) Calculated over the trailing 6-month period	17.62%	11.42%	+6.20%
Volatility (1Y) Calculated over the trailing 1-year period	21.34%	13.84%	+7.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.75%	17.21%	+1.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.43%	17.71%	+0.72%

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

ESGJ.L has a 0.19% expense ratio, which is lower than IPXJ.L's 0.60% expense ratio.

Dividends

ESGJ.L vs. IPXJ.L - Dividend Comparison

ESGJ.L has not paid dividends to shareholders, while IPXJ.L's dividend yield for the trailing twelve months is around 3.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESGJ.L Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)	3.56%	2.88%	3.49%	3.50%	3.76%	2.92%	2.45%	3.58%	3.92%	3.19%	3.48%	3.44%

Frequently Asked Questions

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

ESGJ.L and IPXJ.L have a correlation of 0.68, 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 IPXJ.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 IPXJ.L?

ESGJ.L is cheaper with a 0.19% expense ratio, compared with 0.60% for IPXJ.L.

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

ESGJ.L tracks Invesco Markets II PLC - Invesco MSCI Japan Universal Screened UCITS ETF, while IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESGJ.L and 0.60% for IPXJ.L.