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 16.03%/yr vs 20.99%/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
The year-to-date returns for both investments are quite close, with IJPD.L having a 20.15% return and ^NDX slightly higher at 20.43%. Over the past 10 years, IJPD.L has underperformed ^NDX with an annualized return of 16.03%, while ^NDX has yielded a comparatively higher 20.99% annualized return.
IJPD.L
- 1D
- -0.42%
- 1M
- 6.84%
- YTD
- 20.15%
- 6M
- 21.96%
- 1Y
- 52.94%
- 3Y*
- 28.80%
- 5Y*
- 21.08%
- 10Y*
- 16.03%
^NDX
- 1D
- -0.53%
- 1M
- 8.54%
- YTD
- 20.43%
- 6M
- 18.87%
- 1Y
- 39.99%
- 3Y*
- 27.83%
- 5Y*
- 17.17%
- 10Y*
- 20.99%
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 | 20.15% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
^NDX NASDAQ 100 Index | 20.43% | 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 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
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 Oct 8, 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.
| IJPD.L | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.43 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.31 | +2.34 |
| Martin ratioReturn relative to average drawdown | 19.59 | 12.67 | +6.93 |
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
| IJPD.L | ^NDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.68 | 2.50 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.12 | 0.76 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.93 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.57 | +0.10 |
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 | -0.42% | -0.82% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -24.62% | +17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.17% | -0.48% |
Volatility
IJPD.L vs. ^NDX - Volatility Comparison
The current volatility for iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) is 3.69%, while NASDAQ 100 Index (^NDX) has a volatility of 4.54%. 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 | 3.69% | 4.54% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 12.18% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 16.08% | +3.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.78% | 22.59% | -3.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 22.52% | -3.60% |
Frequently Asked Questions
IJPD.L and ^NDX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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