HICL.L vs. IJPH.L
HICL.L (HICL Infrastructure Company Ltd) is a stock, while IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) is Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index. Over the past 10 years, HICL.L returned 1.86%/yr vs 15.07%/yr for IJPH.L. At a 0.17 correlation, their price movements are largely independent.
Performance
HICL.L vs. IJPH.L - Performance Comparison
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Different Trading Currencies
HICL.L is traded in GBp, while IJPH.L is traded in GBP. To make them comparable, the IJPH.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 HICL.L having a 20.25% return and IJPH.L slightly higher at 21.10%. Over the past 10 years, HICL.L has underperformed IJPH.L with an annualized return of 1.86%, while IJPH.L has yielded a comparatively higher 15.07% annualized return.
HICL.L
- 1D
- 0.45%
- 1M
- 1.80%
- 6M
- 16.26%
- YTD
- 20.25%
- 1Y
- 18.36%
- 3Y*
- 8.66%
- 5Y*
- 1.84%
- 10Y*
- 1.86%
IJPH.L
- 1D
- -0.86%
- 1M
- -0.57%
- 6M
- 12.66%
- YTD
- 21.10%
- 1Y
- 52.33%
- 3Y*
- 28.36%
- 5Y*
- 21.10%
- 10Y*
- 15.07%
HICL.L vs. IJPH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HICL.L HICL Infrastructure Company Ltd | 20.25% | 5.39% | -8.33% | -10.53% | -2.34% | 6.51% | 7.00% | 12.35% | -0.32% | -3.69% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 21.10% | 29.37% | 23.82% | 34.19% | -4.30% | 11.94% | 9.27% | 15.94% | -15.89% | 19.45% |
Correlation
The correlation between HICL.L and IJPH.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | 0.17 |
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Return for Risk
HICL.L vs. IJPH.L — Risk / Return Rank
HICL.L
IJPH.L
HICL.L vs. IJPH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HICL Infrastructure Company Ltd (HICL.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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.
| HICL.L | IJPH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 5.40 | -3.92 |
| Martin ratioReturn relative to average drawdown | 5.05 | 18.21 | -13.16 |
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Drawdowns
HICL.L vs. IJPH.L - Drawdown Comparison
The maximum HICL.L drawdown since its inception was -31.03%, smaller than the maximum IJPH.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for HICL.L and IJPH.L.
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Drawdown Indicators
| HICL.L | IJPH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.03% | -34.55% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.38% | -9.64% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -21.95% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -21.95% | -9.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.03% | -34.55% | +3.52% |
Current DrawdownCurrent decline from peak | -3.79% | -4.09% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -7.43% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | 2.87% | +0.76% |
Volatility
HICL.L vs. IJPH.L - Volatility Comparison
The current volatility for HICL Infrastructure Company Ltd (HICL.L) is 3.33%, while iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) has a volatility of 6.86%. This indicates that HICL.L experiences smaller price fluctuations and is considered to be less risky than IJPH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HICL.L | IJPH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 6.86% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 16.79% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.53% | 21.10% | -3.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.86% | 19.23% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.92% | -0.69% |
Dividends
HICL.L vs. IJPH.L - Dividend Comparison
HICL.L's dividend yield for the trailing twelve months is around 6.17%, while IJPH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
HICL.L HICL Infrastructure Company Ltd | 6.17% | 7.13% | 6.94% | 5.95% | 5.02% | 4.67% | 4.74% | 3.60% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HICL.L and IJPH.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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