IDJP.L vs. HSXD.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) are both Japan Equities funds - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. Both are passively managed. Over the past 5 years, IDJP.L returned 7.67%/yr vs 9.90%/yr for HSXD.L. A 0.55 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.25%/yr for HSXD.L.
Performance
IDJP.L vs. HSXD.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDJP.L achieves a 14.93% return, which is significantly lower than HSXD.L's 27.12% 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%
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
IDJP.L vs. HSXD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 14.93% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 13.18% |
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% |
Correlation
The correlation between IDJP.L and HSXD.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.55 |
The correlation between IDJP.L and HSXD.L has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. HSXD.L — Risk / Return Rank
IDJP.L
HSXD.L
IDJP.L vs. HSXD.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 HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.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 | HSXD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.51 | -1.15 |
| Martin ratioReturn relative to average drawdown | 7.52 | 10.85 | -3.33 |
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Drawdowns
IDJP.L vs. HSXD.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, roughly equal to the maximum HSXD.L drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for IDJP.L and HSXD.L.
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Drawdown Indicators
| IDJP.L | HSXD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -38.23% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.86% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -20.22% | +7.72% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -32.89% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -9.93% | +6.94% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -14.15% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.16% | -0.24% |
Volatility
IDJP.L vs. HSXD.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.16%, while HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a volatility of 10.03%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky than HSXD.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 | HSXD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 10.03% | -4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 20.15% | -4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 22.21% | -4.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 19.62% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 19.15% | -2.50% |
IDJP.L vs. HSXD.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than HSXD.L's 0.25% expense ratio.
Dividends
IDJP.L vs. HSXD.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, while HSXD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex 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% |
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 HSXD.L have a correlation of 0.48, 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 0.58% for IDJP.L.
IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.58% for IDJP.L and 0.25% for HSXD.L.
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