HMJD.L vs. IDFF.L
HMJD.L (HSBC MSCI JAPAN UCITS ETF) and IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) are both Japan Equities funds - HMJD.L tracks the HSBC MSCI JAPAN UCITS ETF while IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF. Both are passively managed. Over the past 10 years, HMJD.L returned 9.30%/yr vs 9.66%/yr for IDFF.L. A 0.60 correlation means they provide meaningful diversification when combined. HMJD.L charges 0.19%/yr vs 0.74%/yr for IDFF.L.
Performance
HMJD.L vs. IDFF.L - Performance Comparison
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Returns By Period
In the year-to-date period, HMJD.L achieves a 15.59% return, which is significantly lower than IDFF.L's 26.95% return. Both investments have delivered pretty close results over the past 10 years, with HMJD.L having a 9.30% annualized return and IDFF.L not far ahead at 9.66%.
HMJD.L
- 1D
- -1.92%
- 1M
- -1.20%
- 6M
- 9.27%
- YTD
- 15.59%
- 1Y
- 35.30%
- 3Y*
- 17.87%
- 5Y*
- 9.43%
- 10Y*
- 9.30%
IDFF.L
- 1D
- -1.70%
- 1M
- -8.33%
- 6M
- 18.87%
- YTD
- 26.95%
- 1Y
- 48.14%
- 3Y*
- 24.00%
- 5Y*
- 7.12%
- 10Y*
- 9.66%
HMJD.L vs. IDFF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HMJD.L HSBC MSCI JAPAN UCITS ETF | 15.59% | 26.14% | 7.23% | 20.68% | -17.07% | 0.77% | 16.33% | 18.26% | -13.65% | 24.43% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 26.95% | 39.49% | 12.16% | 1.47% | -21.79% | -9.20% | 25.91% | 17.27% | -15.18% | 41.70% |
Correlation
The correlation between HMJD.L and IDFF.L is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2010 | 0.60 |
The correlation between HMJD.L and IDFF.L has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
HMJD.L vs. IDFF.L — Risk / Return Rank
HMJD.L
IDFF.L
HMJD.L vs. IDFF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI JAPAN UCITS ETF (HMJD.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.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.
| HMJD.L | IDFF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 3.79 | -1.03 |
| Martin ratioReturn relative to average drawdown | 8.93 | 11.11 | -2.19 |
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Drawdowns
HMJD.L vs. IDFF.L - Drawdown Comparison
The maximum HMJD.L drawdown since its inception was -32.38%, smaller than the maximum IDFF.L drawdown of -64.08%. Use the drawdown chart below to compare losses from any high point for HMJD.L and IDFF.L.
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Drawdown Indicators
| HMJD.L | IDFF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.38% | -64.08% | +31.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -12.63% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.76% | -19.77% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -32.38% | -43.71% | +11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -32.38% | -50.09% | +17.71% |
Current DrawdownCurrent decline from peak | -4.52% | -10.89% | +6.37% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -18.18% | +9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 4.32% | -0.37% |
Volatility
HMJD.L vs. IDFF.L - Volatility Comparison
The current volatility for HSBC MSCI JAPAN UCITS ETF (HMJD.L) is 7.08%, while iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) has a volatility of 10.68%. This indicates that HMJD.L experiences smaller price fluctuations and is considered to be less risky than IDFF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HMJD.L | IDFF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.08% | 10.68% | -3.60% |
Volatility (6M)Calculated over the trailing 6-month period | 17.96% | 22.07% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 24.77% | -3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 22.32% | -3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 20.81% | -3.71% |
HMJD.L vs. IDFF.L - Expense Ratio Comparison
HMJD.L has a 0.19% expense ratio, which is lower than IDFF.L's 0.74% expense ratio.
Dividends
HMJD.L vs. IDFF.L - Dividend Comparison
HMJD.L's dividend yield for the trailing twelve months is around 1.51%, more than IDFF.L's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMJD.L HSBC MSCI JAPAN UCITS ETF | 1.51% | 1.68% | 1.66% | 1.72% | 2.06% | 1.56% | 1.57% | 1.77% | 1.84% | 1.35% | 1.40% | 1.14% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
Frequently Asked Questions
HMJD.L and IDFF.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HMJD.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HMJD.L is cheaper with a 0.19% expense ratio, compared with 0.74% for IDFF.L.
HMJD.L tracks HSBC MSCI JAPAN UCITS ETF, while IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.19% for HMJD.L and 0.74% for IDFF.L.
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