HSJD.L vs. IPXJ.L
HSJD.L (HSBC Japan Screened Equity UCITS ETF) and IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) are both Japan Equities funds - HSJD.L tracks the HSBC Japan Screened Equity 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, HSJD.L returned 10.56%/yr vs 5.56%/yr for IPXJ.L. A 0.66 correlation means they provide meaningful diversification when combined. HSJD.L charges 0.18%/yr vs 0.60%/yr for IPXJ.L.
Performance
HSJD.L vs. IPXJ.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSJD.L achieves a 13.03% return, which is significantly higher than IPXJ.L's 10.20% return.
HSJD.L
- 1D
- -0.70%
- 1M
- 0.36%
- 6M
- 6.81%
- YTD
- 13.03%
- 1Y
- 34.57%
- 3Y*
- 19.20%
- 5Y*
- 10.56%
- 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%
HSJD.L vs. IPXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSJD.L HSBC Japan Screened Equity UCITS ETF | 13.03% | 26.99% | 12.16% | 19.62% | -15.38% | 3.24% | 22.05% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 21.42% |
Correlation
The correlation between HSJD.L and IPXJ.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.66 |
The correlation between HSJD.L and IPXJ.L has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.
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Return for Risk
HSJD.L vs. IPXJ.L — Risk / Return Rank
HSJD.L
IPXJ.L
HSJD.L vs. IPXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Japan Screened Equity UCITS ETF (HSJD.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.
| HSJD.L | IPXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 1.81 | +0.60 |
| Martin ratioReturn relative to average drawdown | 7.22 | 4.92 | +2.30 |
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Drawdowns
HSJD.L vs. IPXJ.L - Drawdown Comparison
The maximum HSJD.L drawdown since its inception was -30.50%, smaller than the maximum IPXJ.L drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for HSJD.L and IPXJ.L.
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Drawdown Indicators
| HSJD.L | IPXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.50% | -38.93% | +8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -8.53% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -18.67% | +4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -24.44% | -6.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.93% | — |
Current DrawdownCurrent decline from peak | -1.89% | -1.69% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -8.62% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.15% | +1.61% |
Volatility
HSJD.L vs. IPXJ.L - Volatility Comparison
HSBC Japan Screened Equity UCITS ETF (HSJD.L) has a higher volatility of 5.22% compared to iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) at 3.37%. This indicates that HSJD.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.
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Volatility by Period
| HSJD.L | IPXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 3.37% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 11.42% | +5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 13.84% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 17.21% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 17.71% | +0.20% |
HSJD.L vs. IPXJ.L - Expense Ratio Comparison
HSJD.L has a 0.18% expense ratio, which is lower than IPXJ.L's 0.60% expense ratio.
Dividends
HSJD.L vs. IPXJ.L - Dividend Comparison
HSJD.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSJD.L HSBC Japan Screened Equity 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
HSJD.L and IPXJ.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSJD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSJD.L is cheaper with a 0.18% expense ratio, compared with 0.60% for IPXJ.L.
HSJD.L tracks HSBC Japan Screened Equity UCITS ETF, while IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HSJD.L and 0.60% for IPXJ.L.
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