HSXD.L vs. IJPD.L
HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds - HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 5 years, HSXD.L returned 9.90%/yr vs 21.89%/yr for IJPD.L. A 0.52 correlation means they provide meaningful diversification when combined. HSXD.L charges 0.25%/yr vs 0.64%/yr for IJPD.L.
Performance
HSXD.L vs. IJPD.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSXD.L achieves a 27.12% return, which is significantly higher than IJPD.L's 22.10% return.
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
HSXD.L vs. IJPD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 27.12% | 32.35% | 14.83% | 4.23% | -15.92% | -0.71% | 22.36% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 13.74% |
Correlation
The correlation between HSXD.L and IJPD.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.52 |
The correlation between HSXD.L and IJPD.L shifts across timeframes, from 0.48 (3 years) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HSXD.L vs. IJPD.L — Risk / Return Rank
HSXD.L
IJPD.L
HSXD.L vs. IJPD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.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.
| HSXD.L | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.45 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 5.55 | -2.05 |
| Martin ratioReturn relative to average drawdown | 10.85 | 18.34 | -7.49 |
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Drawdowns
HSXD.L vs. IJPD.L - Drawdown Comparison
The maximum HSXD.L drawdown since its inception was -38.23%, which is greater than IJPD.L's maximum drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for HSXD.L and IJPD.L.
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Drawdown Indicators
| HSXD.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -31.09% | -7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -9.32% | -3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -21.80% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -21.80% | -11.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.09% | — |
Current DrawdownCurrent decline from peak | -9.93% | -3.28% | -6.65% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -6.71% | -7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 2.83% | +1.33% |
Volatility
HSXD.L vs. IJPD.L - Volatility Comparison
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a higher volatility of 10.03% compared to iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) at 6.63%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than IJPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSXD.L | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 6.63% | +3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 16.49% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 20.77% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 18.97% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 18.64% | +0.51% |
HSXD.L vs. IJPD.L - Expense Ratio Comparison
HSXD.L has a 0.25% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
HSXD.L vs. IJPD.L - Dividend Comparison
Neither HSXD.L nor IJPD.L has paid dividends to shareholders.
Frequently Asked Questions
HSXD.L and IJPD.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSXD.L is cheaper with a 0.25% expense ratio, compared with 0.64% for IJPD.L.
HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for HSXD.L and 0.64% for IJPD.L.
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