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 9.30%/yr vs 6.43%/yr for ^STOXX. A 0.53 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 15.68% return, which is significantly higher than ^STOXX's 4.25% return. Over the past 10 years, IJPA.L has outperformed ^STOXX with an annualized return of 9.30%, while ^STOXX has yielded a comparatively lower 6.43% annualized return.
IJPA.L
- 1D
- -0.05%
- 1M
- 5.18%
- YTD
- 15.68%
- 6M
- 16.60%
- 1Y
- 32.47%
- 3Y*
- 18.69%
- 5Y*
- 8.86%
- 10Y*
- 9.30%
^STOXX
- 1D
- 0.65%
- 1M
- 1.71%
- YTD
- 4.25%
- 6M
- 7.58%
- 1Y
- 15.27%
- 3Y*
- 13.75%
- 5Y*
- 5.66%
- 10Y*
- 6.43%
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 | 15.68% | 27.28% | 6.62% | 19.34% | -16.16% | 0.16% | 14.98% | 18.46% | -14.15% | 25.83% |
^STOXX STOXX Europe 600 Index | 4.25% | 32.33% | -0.58% | 16.30% | -18.13% | 13.92% | 4.45% | 20.76% | -17.29% | 22.91% |
Correlation
The correlation between IJPA.L and ^STOXX is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.53 |
The correlation between IJPA.L and ^STOXX shifts across timeframes, from 0.53 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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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.
| IJPA.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.20 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 1.30 | +1.37 |
| Martin ratioReturn relative to average drawdown | 8.86 | 4.45 | +4.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IJPA.L | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 1.05 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.32 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.36 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.07 | +0.39 |
Drawdowns
IJPA.L vs. ^STOXX - Drawdown Comparison
The maximum IJPA.L drawdown since its inception was -32.47%, 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 | -32.47% | -64.60% | +32.13% |
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 | -32.47% | -33.96% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -32.47% | -39.58% | +7.11% |
Current DrawdownCurrent decline from peak | -0.05% | -3.19% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -8.06% | -22.88% | +14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 3.40% | +0.26% |
Volatility
IJPA.L vs. ^STOXX - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) has a higher volatility of 4.48% compared to STOXX Europe 600 Index (^STOXX) at 4.17%. 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 | 4.48% | 4.17% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.36% | 11.90% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.88% | 14.28% | +5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.60% | 17.24% | +0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 17.55% | -0.69% |
Frequently Asked Questions
IJPA.L and ^STOXX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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