IJPD.L vs. IDJP.L
IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds from iShares - IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 10 years, IJPD.L returned 15.96%/yr vs 7.71%/yr for IDJP.L. A 0.72 correlation means they provide meaningful diversification when combined. IJPD.L charges 0.64%/yr vs 0.58%/yr for IDJP.L.
Performance
IJPD.L vs. IDJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IJPD.L achieves a 18.28% return, which is significantly higher than IDJP.L's 12.62% return. Over the past 10 years, IJPD.L has outperformed IDJP.L with an annualized return of 15.96%, while IDJP.L has yielded a comparatively lower 7.71% annualized return.
IJPD.L
- 1D
- -2.48%
- 1M
- -4.39%
- 6M
- 10.41%
- YTD
- 18.28%
- 1Y
- 46.30%
- 3Y*
- 26.92%
- 5Y*
- 21.11%
- 10Y*
- 15.96%
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
IJPD.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 18.28% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -16.75% | 31.70% |
Correlation
The correlation between IJPD.L and IDJP.L is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.72 |
The correlation between IJPD.L and IDJP.L has been stable across timeframes, ranging from 0.64 to 0.72 - a consistent structural relationship.
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Return for Risk
IJPD.L vs. IDJP.L — Risk / Return Rank
IJPD.L
IDJP.L
IJPD.L vs. IDJP.L - 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 iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L). 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 | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.95 | 2.09 | +2.86 |
| Martin ratioReturn relative to average drawdown | 16.11 | 6.67 | +9.45 |
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Drawdowns
IJPD.L vs. IDJP.L - Drawdown Comparison
The maximum IJPD.L drawdown since its inception was -31.09%, smaller than the maximum IDJP.L drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for IJPD.L and IDJP.L.
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Drawdown Indicators
| IJPD.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.09% | -39.64% | +8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -12.50% | +3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.80% | -12.50% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -32.90% | +11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -36.78% | +5.69% |
Current DrawdownCurrent decline from peak | -6.31% | -4.95% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -10.76% | +4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.93% | -1.06% |
Volatility
IJPD.L vs. IDJP.L - Volatility Comparison
iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) has a higher volatility of 6.81% compared to iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) at 5.64%. This indicates that IJPD.L's price experiences larger fluctuations and is considered to be riskier than IDJP.L 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 | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.81% | 5.64% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.69% | 15.91% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 18.26% | +2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.00% | 16.36% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.66% | 16.66% | +2.00% |
IJPD.L vs. IDJP.L - Expense Ratio Comparison
IJPD.L has a 0.64% expense ratio, which is higher than IDJP.L's 0.58% expense ratio.
Dividends
IJPD.L vs. IDJP.L - Dividend Comparison
IJPD.L has not paid dividends to shareholders, while IDJP.L's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IJPD.L and IDJP.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDJP.L is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDJP.L is cheaper with a 0.58% expense ratio, compared with 0.64% for IJPD.L.
IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index, while IDJP.L tracks MSCI Japan Small Cap Index (Net). Their fees differ too: 0.64% for IJPD.L and 0.58% for IDJP.L.
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