ESJS.L vs. IJPD.L

Last updated Jul 18, 2026

ESJS.L (Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds - ESJS.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 5 years, ESJS.L returned 9.73%/yr vs 21.67%/yr for IJPD.L. A 0.77 correlation means they provide meaningful diversification when combined. ESJS.L charges 0.19%/yr vs 0.64%/yr for IJPD.L.

Performance

ESJS.L vs. IJPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESJS.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, ESJS.L achieves a 14.30% return, which is significantly lower than IJPD.L's 18.45% return.

ESJS.L

• 1D: -0.97%
• 1M: -3.72%
• 6M: 7.59%
• YTD: 14.30%
• 1Y: 32.76%
• 3Y*: 16.70%
• 5Y*: 9.73%
• 10Y*: —

IJPD.L

• 1D: -2.32%
• 1M: -5.56%
• 6M: 9.78%
• YTD: 18.45%
• 1Y: 45.90%
• 3Y*: 25.59%
• 5Y*: 21.67%
• 10Y*: 15.65%

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

ESJS.L vs. IJPD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESJS.L Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc	14.30%	18.47%	9.64%	12.97%	-7.90%	-27.12%
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating	18.45%	19.85%	26.31%	28.81%	8.45%	10.99%

Correlation

The correlation between ESJS.L and IJPD.L is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021	0.77

The correlation between ESJS.L and IJPD.L shifts across timeframes, from 0.76 (5 years) to 0.87 (1 year), reflecting how their relationship changes across market environments.

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

Sectors	ESJS.L	IJPD.L
Technology	25.5%	21.7%
Industrials	23.2%	24.5%
Financial Services	18.6%	17.0%
Consumer Cyclical	10.2%	11.9%
Communication Services	9.1%	8.9%
Healthcare	6.0%	5.5%
Basic Materials	2.5%	3.4%
Consumer Defensive	2.0%	3.3%
Real Estate	1.8%	1.9%
Energy	0.7%	0.9%
Utilities	0.4%	1.0%

Return for Risk

ESJS.L vs. IJPD.L — Risk / Return Rank

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

ESJS.L

ESJS.L Risk / Return Rank: 74
ESJS.L Sharpe Ratio Rank: 73
ESJS.L Sortino Ratio Rank: 70
ESJS.L Omega Ratio Rank: 72
ESJS.L Calmar Ratio Rank: 81
ESJS.L Martin Ratio Rank: 72

IJPD.L

IJPD.L Risk / Return Rank: 89
IJPD.L Sharpe Ratio Rank: 87
IJPD.L Sortino Ratio Rank: 86
IJPD.L Omega Ratio Rank: 86
IJPD.L Calmar Ratio Rank: 93
IJPD.L Martin Ratio Rank: 91

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.

ESJS.L vs. IJPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.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.

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.

	ESJS.L	IJPD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.76	2.18	-0.42
Sortino ratio: Return per unit of downside risk	2.43	2.95	-0.51
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	3.21	5.36	-2.15
Martin ratio: Return relative to average drawdown	9.71	16.06	-6.35

ESJS.L vs. IJPD.L - Sharpe Ratio Comparison

The current ESJS.L Sharpe Ratio is 1.76, which is comparable to the IJPD.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of ESJS.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.

Drawdowns

ESJS.L vs. IJPD.L - Drawdown Comparison

The maximum ESJS.L drawdown since its inception was -37.23%, which is greater than IJPD.L's maximum drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for ESJS.L and IJPD.L.

Drawdown Indicators

	ESJS.L	IJPD.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.23%	-28.78%	-8.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-8.53%	-2.09%
Max Drawdown (3Y) Largest decline over 3 years	-14.59%	-21.36%	+6.77%
Max Drawdown (5Y) Largest decline over 5 years	-19.38%	-21.36%	+1.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.78%	—
Current Drawdown Current decline from peak	-6.10%	-7.69%	+1.59%
Average Drawdown Average peak-to-trough decline	-21.66%	-5.35%	-16.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.52%	2.85%	+0.67%

Volatility

ESJS.L vs. IJPD.L - Volatility Comparison

Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) have volatilities of 6.75% and 6.62%, 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

	ESJS.L	IJPD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	6.62%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	16.61%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	19.35%	21.00%	-1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	19.45%	-3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.00%	19.70%	+0.30%

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

ESJS.L has a 0.19% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.

Dividends

ESJS.L vs. IJPD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESJS.L and IJPD.L in my portfolio?

ESJS.L and IJPD.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESJS.L or IJPD.L?

On fees, ESJS.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, ESJS.L or IJPD.L?

ESJS.L is cheaper with a 0.19% expense ratio, compared with 0.64% for IJPD.L.

What is the main difference between ESJS.L and IJPD.L?

ESJS.L tracks TOPIX TR JPY, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESJS.L and 0.64% for IJPD.L.