IJPD.L vs. ^NDX
IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) is Japan Equities fund tracking the MSCI Japan 100% Hedged to USD Net TR Index, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, IJPD.L returned 16.33%/yr vs 20.45%/yr for ^NDX. At a 0.39 correlation, their price movements are largely independent.
Performance
IJPD.L vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, IJPD.L achieves a 22.10% return, which is significantly higher than ^NDX's 16.84% return. Over the past 10 years, IJPD.L has underperformed ^NDX with an annualized return of 16.33%, while ^NDX has yielded a comparatively higher 20.45% annualized return.
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
^NDX
- 1D
- -0.28%
- 1M
- -3.41%
- 6M
- 15.85%
- YTD
- 16.84%
- 1Y
- 28.92%
- 3Y*
- 23.76%
- 5Y*
- 14.98%
- 10Y*
- 20.45%
IJPD.L vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
^NDX NASDAQ 100 Index | 16.84% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between IJPD.L and ^NDX 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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.39 |
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Return for Risk
IJPD.L vs. ^NDX — Risk / Return Rank
IJPD.L
^NDX
IJPD.L vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) and NASDAQ 100 Index (^NDX). 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.
| IJPD.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.27 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 2.40 | +3.16 |
| Martin ratioReturn relative to average drawdown | 18.34 | 8.52 | +9.82 |
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Drawdowns
IJPD.L vs. ^NDX - Drawdown Comparison
The maximum IJPD.L drawdown since its inception was -31.09%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for IJPD.L and ^NDX.
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Drawdown Indicators
| IJPD.L | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.09% | -82.90% | +51.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -12.12% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.80% | -22.93% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -35.56% | +13.76% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -35.56% | +4.47% |
Current DrawdownCurrent decline from peak | -3.28% | -3.78% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -24.57% | +17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.40% | -0.57% |
Volatility
IJPD.L vs. ^NDX - Volatility Comparison
The current volatility for iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) is 6.63%, while NASDAQ 100 Index (^NDX) has a volatility of 7.81%. This indicates that IJPD.L experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPD.L | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.63% | 7.81% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 15.29% | +1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 18.58% | +2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 22.99% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 22.67% | -4.03% |
Frequently Asked Questions
IJPD.L and ^NDX 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.
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