IJPD.L vs. IPXJ.L
IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) and IPXJ.L (iShares MSCI Pacific ex-Japan 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 IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, IJPD.L returned 16.33%/yr vs 7.06%/yr for IPXJ.L. A 0.55 correlation means they provide meaningful diversification when combined. IJPD.L charges 0.64%/yr vs 0.60%/yr for IPXJ.L.
Performance
IJPD.L vs. IPXJ.L - 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 IPXJ.L's 10.20% return. Over the past 10 years, IJPD.L has outperformed IPXJ.L with an annualized return of 16.33%, while IPXJ.L has yielded a comparatively lower 7.06% 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%
IPXJ.L
- 1D
- -0.55%
- 1M
- 1.44%
- 6M
- 8.32%
- YTD
- 10.20%
- 1Y
- 15.90%
- 3Y*
- 12.30%
- 5Y*
- 5.56%
- 10Y*
- 7.06%
IJPD.L vs. IPXJ.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 | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -14.26% | 20.81% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -10.82% | 25.42% |
Correlation
The correlation between IJPD.L and IPXJ.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2013 | 0.55 |
The correlation between IJPD.L and IPXJ.L shifts across timeframes, from 0.47 (3 years) to 0.57 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IJPD.L vs. IPXJ.L — Risk / Return Rank
IJPD.L
IPXJ.L
IJPD.L vs. IPXJ.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 Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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 | IPXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.20 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.55 | 1.81 | +3.74 |
| Martin ratioReturn relative to average drawdown | 18.34 | 4.92 | +13.42 |
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Drawdowns
IJPD.L vs. IPXJ.L - Drawdown Comparison
The maximum IJPD.L drawdown since its inception was -31.09%, smaller than the maximum IPXJ.L drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for IJPD.L and IPXJ.L.
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Drawdown Indicators
| IJPD.L | IPXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.09% | -38.93% | +7.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -8.53% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.80% | -18.67% | -3.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.80% | -24.44% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -31.09% | -38.93% | +7.84% |
Current DrawdownCurrent decline from peak | -3.28% | -1.69% | -1.59% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -8.62% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.15% | -0.32% |
Volatility
IJPD.L vs. IPXJ.L - Volatility Comparison
iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) has a higher volatility of 6.63% compared to iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) at 3.37%. This indicates that IJPD.L's price experiences larger fluctuations and is considered to be riskier than IPXJ.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 | IPXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.63% | 3.37% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 11.42% | +5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.77% | 13.84% | +6.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 17.21% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 17.71% | +0.93% |
IJPD.L vs. IPXJ.L - Expense Ratio Comparison
IJPD.L has a 0.64% expense ratio, which is higher than IPXJ.L's 0.60% expense ratio.
Dividends
IJPD.L vs. IPXJ.L - Dividend Comparison
IJPD.L has not paid dividends to shareholders, while IPXJ.L's dividend yield for the trailing twelve months is around 3.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 3.56% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
Frequently Asked Questions
IJPD.L and IPXJ.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPXJ.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPXJ.L is cheaper with a 0.60% expense ratio, compared with 0.64% for IJPD.L.
IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index, while IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). Their fees differ too: 0.64% for IJPD.L and 0.60% for IPXJ.L.
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