IDJP.L vs. SWDA.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IDJP.L is a Japan Equities fund tracking the iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IDJP.L returned 7.93%/yr vs 13.08%/yr for SWDA.L. A 0.59 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.20%/yr for SWDA.L.
Performance
IDJP.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IDJP.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.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 higher than SWDA.L's 10.59% return. Over the past 10 years, IDJP.L has underperformed SWDA.L with an annualized return of 7.93%, while SWDA.L has yielded a comparatively higher 13.08% 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%
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
IDJP.L vs. SWDA.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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between IDJP.L and SWDA.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.59 |
The correlation between IDJP.L and SWDA.L has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. SWDA.L — Risk / Return Rank
IDJP.L
SWDA.L
IDJP.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.34 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.60 | -0.25 |
| Martin ratioReturn relative to average drawdown | 7.52 | 11.09 | -3.56 |
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Drawdowns
IDJP.L vs. SWDA.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for IDJP.L and SWDA.L.
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Drawdown Indicators
| IDJP.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -45.69% | +6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -8.59% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -17.07% | +4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -26.50% | -6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | -33.61% | -3.17% |
Current DrawdownCurrent decline from peak | -2.99% | 0.00% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -11.15% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 2.02% | +1.90% |
Volatility
IDJP.L vs. SWDA.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) has a higher volatility of 5.16% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.88%. This indicates that IDJP.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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 | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 2.88% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 9.14% | +6.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 11.74% | +6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 15.34% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 15.69% | +0.96% |
IDJP.L vs. SWDA.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
IDJP.L vs. SWDA.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, while SWDA.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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 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 SWDA.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.58% for IDJP.L.
IDJP.L is categorized as Japan Equities, while SWDA.L is Global Equities. IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.58% for IDJP.L and 0.20% for SWDA.L.
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