IJPE.L vs. CJPU.L
IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds from iShares - IJPE.L tracks the MSCI Japan Index while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 10 years, IJPE.L returned 13.73%/yr vs 8.44%/yr for CJPU.L. A 0.56 correlation means they provide meaningful diversification when combined. IJPE.L charges 0.64%/yr vs 0.12%/yr for CJPU.L.
Performance
IJPE.L vs. CJPU.L - Performance Comparison
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Different Trading Currencies
IJPE.L is traded in EUR, while CJPU.L is traded in USD. To make them comparable, the CJPU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IJPE.L achieves a 16.87% return, which is significantly higher than CJPU.L's 15.47% return. Over the past 10 years, IJPE.L has outperformed CJPU.L with an annualized return of 13.73%, while CJPU.L has yielded a comparatively lower 8.44% annualized return.
IJPE.L
- 1D
- -2.36%
- 1M
- -4.28%
- 6M
- 9.21%
- YTD
- 16.87%
- 1Y
- 43.28%
- 3Y*
- 24.72%
- 5Y*
- 18.91%
- 10Y*
- 13.73%
CJPU.L
- 1D
- -2.47%
- 1M
- -5.18%
- 6M
- 7.69%
- YTD
- 15.47%
- 1Y
- 32.23%
- 3Y*
- 15.43%
- 5Y*
- 9.38%
- 10Y*
- 8.44%
IJPE.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 16.87% | 27.33% | 22.08% | 32.82% | -5.43% | 11.46% | 8.93% | 15.39% | -16.93% | 18.75% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.47% | 11.16% | 14.41% | 16.65% | -12.19% | 8.02% | 6.51% | 20.30% | -9.44% | 8.85% |
Correlation
The correlation between IJPE.L and CJPU.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.56 |
Over the past year, IJPE.L and CJPU.L have become more correlated (0.91) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
IJPE.L vs. CJPU.L — Risk / Return Rank
IJPE.L
CJPU.L
IJPE.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
| IJPE.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 3.19 | +1.27 |
| Martin ratioReturn relative to average drawdown | 14.34 | 10.07 | +4.26 |
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Drawdowns
IJPE.L vs. CJPU.L - Drawdown Comparison
The maximum IJPE.L drawdown since its inception was -34.53%, which is greater than CJPU.L's maximum drawdown of -28.25%. Use the drawdown chart below to compare losses from any high point for IJPE.L and CJPU.L.
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Drawdown Indicators
| IJPE.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.53% | -28.25% | -6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -10.05% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -16.73% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -19.50% | -2.00% |
Max Drawdown (10Y)Largest decline over 10 years | -34.53% | -28.25% | -6.28% |
Current DrawdownCurrent decline from peak | -6.57% | -7.17% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -6.91% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.19% | -0.18% |
Volatility
IJPE.L vs. CJPU.L - Volatility Comparison
iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a higher volatility of 7.31% compared to iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) at 6.94%. This indicates that IJPE.L's price experiences larger fluctuations and is considered to be riskier than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPE.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 6.94% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 17.51% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.76% | 20.94% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.95% | 17.70% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.57% | 17.12% | +1.45% |
IJPE.L vs. CJPU.L - Expense Ratio Comparison
IJPE.L has a 0.64% expense ratio, which is higher than CJPU.L's 0.12% expense ratio.
Dividends
IJPE.L vs. CJPU.L - Dividend Comparison
Neither IJPE.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IJPE.L and CJPU.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.64% for IJPE.L.
IJPE.L tracks MSCI Japan Index, while CJPU.L tracks MSCI Japan Index (Net). Their fees differ too: 0.64% for IJPE.L and 0.12% for CJPU.L.
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