IJPA.L vs. ^STOXX
IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) is Japan Equities fund tracking the MSCI Japan Investable Market Index (IMI), while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, IJPA.L returned 9.88%/yr vs 7.29%/yr for ^STOXX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
IJPA.L vs. ^STOXX - Performance Comparison
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Different Trading Currencies
IJPA.L is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IJPA.L achieves a 16.31% return, which is significantly higher than ^STOXX's 3.60% return. Over the past 10 years, IJPA.L has outperformed ^STOXX with an annualized return of 9.88%, while ^STOXX has yielded a comparatively lower 7.29% annualized return.
IJPA.L
- 1D
- 0.85%
- 1M
- 1.22%
- YTD
- 16.31%
- 6M
- 16.25%
- 1Y
- 34.80%
- 3Y*
- 19.20%
- 5Y*
- 9.18%
- 10Y*
- 9.88%
^STOXX
- 1D
- -0.12%
- 1M
- -1.24%
- YTD
- 3.60%
- 6M
- 3.91%
- 1Y
- 15.24%
- 3Y*
- 13.49%
- 5Y*
- 5.72%
- 10Y*
- 7.29%
IJPA.L vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc | 16.31% | 27.28% | 6.62% | 19.34% | -16.16% | 0.16% | 14.98% | 18.46% | -14.15% | 25.83% |
^STOXX STOXX Europe 600 Index | 3.60% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between IJPA.L and ^STOXX 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 | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.58 |
The correlation between IJPA.L and ^STOXX has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
IJPA.L vs. ^STOXX — Risk / Return Rank
IJPA.L
^STOXX
IJPA.L vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) and STOXX Europe 600 Index (^STOXX). 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.
| IJPA.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 1.30 | +1.55 |
| Martin ratioReturn relative to average drawdown | 9.41 | 4.36 | +5.05 |
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Drawdowns
IJPA.L vs. ^STOXX - Drawdown Comparison
The maximum IJPA.L drawdown since its inception was -40.74%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for IJPA.L and ^STOXX.
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Drawdown Indicators
| IJPA.L | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.74% | -64.60% | +23.86% |
Max Drawdown (1Y)Largest decline over 1 year | -12.15% | -11.59% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -15.22% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -32.50% | -33.96% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | -39.58% | +7.08% |
Current DrawdownCurrent decline from peak | -2.93% | -3.68% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -8.94% | -22.91% | +13.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 3.44% | +0.25% |
Volatility
IJPA.L vs. ^STOXX - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) has a higher volatility of 6.11% compared to STOXX Europe 600 Index (^STOXX) at 3.31%. This indicates that IJPA.L's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPA.L | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 3.31% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 12.02% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.55% | 14.42% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.75% | 17.49% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 17.41% | -0.58% |
Frequently Asked Questions
IJPA.L and ^STOXX 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.
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