IDJP.L vs. IJPD.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 10 years, IDJP.L returned 7.93%/yr vs 16.33%/yr for IJPD.L. A 0.72 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.64%/yr for IJPD.L.
Performance
IDJP.L vs. IJPD.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 IJPD.L's 22.10% return. Over the past 10 years, IDJP.L has underperformed IJPD.L with an annualized return of 7.93%, while IJPD.L has yielded a comparatively higher 16.33% 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%
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%
IDJP.L vs. IJPD.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% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
Correlation
The correlation between IDJP.L and IJPD.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.72 |
The correlation between IDJP.L and IJPD.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. IJPD.L — Risk / Return Rank
IDJP.L
IJPD.L
IDJP.L vs. IJPD.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 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.
| IDJP.L | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 5.55 | -3.20 |
| Martin ratioReturn relative to average drawdown | 7.52 | 18.34 | -10.82 |
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Drawdowns
IDJP.L vs. IJPD.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, 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 IDJP.L and IJPD.L.
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Drawdown Indicators
| IDJP.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -31.09% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -9.32% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -21.80% | +9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -21.80% | -11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -31.09% | -5.69% |
Current DrawdownCurrent decline from peak | -2.99% | -3.28% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -6.71% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.83% | +1.09% |
Volatility
IDJP.L vs. IJPD.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.16%, while iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) has a volatility of 6.63%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky 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
| IDJP.L | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 6.63% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 16.49% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 20.77% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 18.97% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 18.64% | -1.99% |
IDJP.L vs. IJPD.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
IDJP.L vs. IJPD.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, while IJPD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDJP.L and IJPD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDJP.L is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDJP.L is cheaper with a 0.58% expense ratio, compared with 0.64% for IJPD.L.
IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. Their fees differ too: 0.58% for IDJP.L and 0.64% for IJPD.L.
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