IDJP.L vs. DXJP.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and DXJP.L (WisdomTree Japan Equity UCITS ETF GBP Hedged) are both Japan Equities funds - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while DXJP.L tracks the WisdomTree Japan Equity Index (GBP Hedged). Both are passively managed. Over the past 10 years, IDJP.L returned 7.93%/yr vs 17.74%/yr for DXJP.L. A 0.68 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.45%/yr for DXJP.L.
Performance
IDJP.L vs. DXJP.L - Performance Comparison
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Different Trading Currencies
IDJP.L is traded in USD, while DXJP.L is traded in GBp. To make them comparable, the DXJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDJP.L achieves a 14.93% return, which is significantly lower than DXJP.L's 23.47% return. Over the past 10 years, IDJP.L has underperformed DXJP.L with an annualized return of 7.93%, while DXJP.L has yielded a comparatively higher 17.74% annualized return.
IDJP.L
- 1D
- -0.80%
- 1M
- 0.34%
- 6M
- 10.43%
- YTD
- 14.93%
- 1Y
- 29.94%
- 3Y*
- 17.35%
- 5Y*
- 7.67%
- 10Y*
- 7.93%
DXJP.L
- 1D
- 0.46%
- 1M
- 3.07%
- 6M
- 16.63%
- YTD
- 23.47%
- 1Y
- 56.30%
- 3Y*
- 34.05%
- 5Y*
- 26.19%
- 10Y*
- 17.74%
IDJP.L vs. DXJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 14.93% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -16.75% | 31.70% |
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 23.47% | 43.48% | 26.35% | 47.75% | -6.42% | 15.88% | 6.00% | 18.81% | -25.06% | 32.27% |
Correlation
The correlation between IDJP.L and DXJP.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2015 | 0.68 |
The correlation between IDJP.L and DXJP.L has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. DXJP.L — Risk / Return Rank
IDJP.L
DXJP.L
IDJP.L vs. DXJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.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.
| IDJP.L | DXJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 5.09 | -2.74 |
| Martin ratioReturn relative to average drawdown | 7.52 | 16.92 | -9.40 |
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Drawdowns
IDJP.L vs. DXJP.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, smaller than the maximum DXJP.L drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for IDJP.L and DXJP.L.
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Drawdown Indicators
| IDJP.L | DXJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -51.37% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -11.00% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -23.79% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -24.92% | -7.98% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -51.37% | +14.59% |
Current DrawdownCurrent decline from peak | -2.99% | -0.48% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -13.15% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.32% | +0.60% |
Volatility
IDJP.L vs. DXJP.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.16%, while WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) has a volatility of 6.26%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky than DXJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDJP.L | DXJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 6.26% | -1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 17.11% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 21.55% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 22.12% | -5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 21.90% | -5.25% |
IDJP.L vs. DXJP.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than DXJP.L's 0.45% expense ratio.
Dividends
IDJP.L vs. DXJP.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, more than DXJP.L's 0.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged | 0.84% | 1.58% | 1.61% | 1.92% | 2.49% | 1.62% | 1.64% | 2.26% | 2.41% | 1.34% | 0.62% | 0.00% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.85% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
Frequently Asked Questions
IDJP.L and DXJP.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DXJP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DXJP.L is cheaper with a 0.45% expense ratio, compared with 0.58% for IDJP.L.
IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while DXJP.L tracks WisdomTree Japan Equity Index (GBP Hedged). They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.58% for IDJP.L and 0.45% for DXJP.L.
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