IDJP.L vs. VJPU.L

Last updated Jul 16, 2026

IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) are both Japan Equities funds - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while VJPU.L tracks the FTSE Japan (USD Hedged). Both are passively managed. Over the past 5 years, IDJP.L returned 7.67%/yr vs 22.28%/yr for VJPU.L. A 0.72 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.20%/yr for VJPU.L.

Performance

IDJP.L vs. VJPU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) and Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDJP.L achieves a 14.93% return, which is significantly lower than VJPU.L's 21.68% 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%

VJPU.L

• 1D: -1.00%
• 1M: 1.01%
• 6M: 14.24%
• YTD: 21.68%
• 1Y: 52.01%
• 3Y*: 29.40%
• 5Y*: 22.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDJP.L vs. VJPU.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%	12.07%
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc	21.68%	31.51%	23.81%	35.67%	-2.33%	12.22%	11.64%

Correlation

The correlation between IDJP.L and VJPU.L is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jan 31, 2020	0.72

The correlation between IDJP.L and VJPU.L has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.

Return for Risk

IDJP.L vs. VJPU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IDJP.L

IDJP.L Risk / Return Rank: 59
IDJP.L Sharpe Ratio Rank: 60
IDJP.L Sortino Ratio Rank: 62
IDJP.L Omega Ratio Rank: 59
IDJP.L Calmar Ratio Rank: 58
IDJP.L Martin Ratio Rank: 54

VJPU.L

VJPU.L Risk / Return Rank: 92
VJPU.L Sharpe Ratio Rank: 92
VJPU.L Sortino Ratio Rank: 91
VJPU.L Omega Ratio Rank: 90
VJPU.L Calmar Ratio Rank: 94
VJPU.L Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDJP.L vs. VJPU.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 Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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	VJPU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.60	-0.98
Sortino ratio: Return per unit of downside risk	2.33	3.53	-1.20
Omega ratio: Gain probability vs. loss probability	1.29	1.46	-0.16
Calmar ratio: Return relative to maximum drawdown	2.35	5.41	-3.06
Martin ratio: Return relative to average drawdown	7.52	18.53	-11.01

IDJP.L vs. VJPU.L - Sharpe Ratio Comparison

The current IDJP.L Sharpe Ratio is 1.62, which is lower than the VJPU.L Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of IDJP.L and VJPU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDJP.L vs. VJPU.L - Drawdown Comparison

The maximum IDJP.L drawdown since its inception was -39.64%, which is greater than VJPU.L's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for IDJP.L and VJPU.L.

Drawdown Indicators

	IDJP.L	VJPU.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-27.53%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-9.57%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-12.50%	-21.44%	+8.94%
Max Drawdown (5Y) Largest decline over 5 years	-32.90%	-21.44%	-11.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	—	—
Current Drawdown Current decline from peak	-2.99%	-2.71%	-0.28%
Average Drawdown Average peak-to-trough decline	-10.77%	-4.11%	-6.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.92%	2.80%	+1.12%

Volatility

IDJP.L vs. VJPU.L - Volatility Comparison

The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.16%, while Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) has a volatility of 6.34%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky than VJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDJP.L	VJPU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.16%	6.34%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	15.76%	15.82%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.11%	19.88%	-1.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.33%	18.51%	-2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	19.59%	-2.94%

IDJP.L vs. VJPU.L - Expense Ratio Comparison

IDJP.L has a 0.58% expense ratio, which is higher than VJPU.L's 0.20% expense ratio.

Dividends

IDJP.L vs. VJPU.L - Dividend Comparison

IDJP.L's dividend yield for the trailing twelve months is around 1.85%, while VJPU.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%
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged 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

Can I hold both IDJP.L and VJPU.L in my portfolio?

IDJP.L and VJPU.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDJP.L or VJPU.L?

On fees, VJPU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDJP.L or VJPU.L?

VJPU.L is cheaper with a 0.20% expense ratio, compared with 0.58% for IDJP.L.

What is the main difference between IDJP.L and VJPU.L?

IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while VJPU.L tracks FTSE Japan (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.58% for IDJP.L and 0.20% for VJPU.L.