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 17.57%/yr vs 21.50%/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 22.38% return, which is significantly higher than ^NDX's 16.60% return. Over the past 10 years, IJPD.L has underperformed ^NDX with an annualized return of 17.57%, while ^NDX has yielded a comparatively higher 21.50% annualized return.
IJPD.L
- 1D
- 0.79%
- 1M
- 3.23%
- YTD
- 22.38%
- 6M
- 22.63%
- 1Y
- 54.81%
- 3Y*
- 28.66%
- 5Y*
- 21.48%
- 10Y*
- 17.57%
^NDX
- 1D
- 0.75%
- 1M
- -1.87%
- YTD
- 16.60%
- 6M
- 14.75%
- 1Y
- 32.39%
- 3Y*
- 26.08%
- 5Y*
- 15.46%
- 10Y*
- 21.50%
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 | 22.38% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
^NDX NASDAQ 100 Index | 16.60% | 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 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
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 | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.32 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 2.68 | +3.17 |
| Martin ratioReturn relative to average drawdown | 19.83 | 9.84 | +9.99 |
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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 | -3.05% | -3.98% | +0.93% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -24.59% | +17.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.30% | -0.54% |
Volatility
IJPD.L vs. ^NDX - Volatility Comparison
The current volatility for iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) is 6.40%, while NASDAQ 100 Index (^NDX) has a volatility of 8.92%. 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 | 6.40% | 8.92% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.21% | 14.53% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.50% | 17.97% | +2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 22.90% | -3.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.74% | 22.64% | -3.90% |
Frequently Asked Questions
IJPD.L and ^NDX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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