IDJP.L vs. IUSZ.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc)) are both exchange-traded funds - IDJP.L is a Japan Equities fund tracking the MSCI Japan Small Cap Index (Net), while IUSZ.L is a Mid Cap Blend Equities fund tracking the MSCI USA Mid-Cap Equal Weighted Index. Both are passively managed. Over the past 5 years, IDJP.L returned 7.23%/yr vs 6.64%/yr for IUSZ.L. A 0.53 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.20%/yr for IUSZ.L.
Performance
IDJP.L vs. IUSZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDJP.L achieves a 12.62% return, which is significantly higher than IUSZ.L's 8.82% return.
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
IUSZ.L
- 1D
- -0.44%
- 1M
- 0.52%
- 6M
- 5.50%
- YTD
- 8.82%
- 1Y
- 14.45%
- 3Y*
- 11.75%
- 5Y*
- 6.64%
- 10Y*
- —
IDJP.L vs. IUSZ.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) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -16.75% | 31.70% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc) | 8.82% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
Correlation
The correlation between IDJP.L and IUSZ.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.53 |
The correlation between IDJP.L and IUSZ.L has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. IUSZ.L — Risk / Return Rank
IDJP.L
IUSZ.L
IDJP.L vs. IUSZ.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 USA Mid-Cap Equal Weight UCITS ETF USD (Acc) (IUSZ.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 | IUSZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.75 | +0.34 |
| Martin ratioReturn relative to average drawdown | 6.67 | 6.21 | +0.45 |
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Drawdowns
IDJP.L vs. IUSZ.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, roughly equal to the maximum IUSZ.L drawdown of -41.10%. Use the drawdown chart below to compare losses from any high point for IDJP.L and IUSZ.L.
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Drawdown Indicators
| IDJP.L | IUSZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -41.10% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -8.21% | -4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -21.38% | +8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -25.70% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -1.18% | -3.77% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -6.47% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.32% | +1.61% |
Volatility
IDJP.L vs. IUSZ.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) has a higher volatility of 5.64% compared to iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc) (IUSZ.L) at 3.58%. This indicates that IDJP.L's price experiences larger fluctuations and is considered to be riskier than IUSZ.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 | IUSZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 3.58% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 9.42% | +6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 12.41% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 18.02% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 20.71% | -4.05% |
IDJP.L vs. IUSZ.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than IUSZ.L's 0.20% expense ratio.
Dividends
IDJP.L vs. IUSZ.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.00%, more than IUSZ.L's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF USD (Acc) | 0.42% | 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 IUSZ.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSZ.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSZ.L is cheaper with a 0.20% expense ratio, compared with 0.58% for IDJP.L.
IDJP.L is categorized as Japan Equities, while IUSZ.L is Mid Cap Blend Equities. IDJP.L tracks MSCI Japan Small Cap Index (Net), while IUSZ.L tracks MSCI USA Mid-Cap Equal Weighted Index. Their fees differ too: 0.58% for IDJP.L and 0.20% for IUSZ.L.
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