IJPE.L vs. CSCA.L

Last updated Jun 5, 2026

IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) are both exchange-traded funds - IJPE.L is a Japan Equities fund tracking the MSCI Japan Index, while CSCA.L is a Canada Equities fund tracking the MSCI Canada Index. Both are passively managed. Over the past 10 years, IJPE.L returned 13.77%/yr vs 10.66%/yr for CSCA.L. At a 0.40 correlation, their price movements are largely independent. IJPE.L charges 0.64%/yr vs 0.48%/yr for CSCA.L.

Performance

IJPE.L vs. CSCA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IJPE.L is traded in EUR, while CSCA.L is traded in GBp. To make them comparable, the CSCA.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 18.88% return, which is significantly higher than CSCA.L's 10.64% return. Over the past 10 years, IJPE.L has outperformed CSCA.L with an annualized return of 13.77%, while CSCA.L has yielded a comparatively lower 10.66% annualized return.

IJPE.L

• 1D: -0.41%
• 1M: 4.83%
• YTD: 18.88%
• 6M: 20.41%
• 1Y: 49.67%
• 3Y*: 26.45%
• 5Y*: 18.92%
• 10Y*: 13.77%

CSCA.L

• 1D: 0.43%
• 1M: 3.28%
• YTD: 10.64%
• 6M: 13.22%
• 1Y: 30.65%
• 3Y*: 19.00%
• 5Y*: 12.42%
• 10Y*: 10.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IJPE.L vs. CSCA.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	18.88%	27.34%	22.07%	32.82%	-5.43%	11.46%	8.93%	15.39%	-16.93%	18.75%
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating)	10.66%	20.72%	19.51%	10.04%	-6.89%	34.32%	-3.39%	29.56%	-13.39%	1.00%

Correlation

The correlation between IJPE.L and CSCA.L 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	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 7, 2010	0.40

IJPE.L vs. CSCA.L - Sectors Allocation Comparison

Sectors	IJPE.L	CSCA.L
Industrials	26.0%	9.0%
Technology	19.1%	7.7%
Financial Services	17.5%	39.3%
Consumer Cyclical	12.2%	3.6%
Communication Services	7.9%	0.7%
Healthcare	6.3%	-
Consumer Defensive	3.6%	3.3%
Basic Materials	3.0%	14.6%
Real Estate	2.3%	0.2%
Utilities	1.1%	2.2%
Energy	1.1%	19.4%

Return for Risk

IJPE.L vs. CSCA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IJPE.L

IJPE.L Risk / Return Rank: 83
IJPE.L Sharpe Ratio Rank: 79
IJPE.L Sortino Ratio Rank: 82
IJPE.L Omega Ratio Rank: 81
IJPE.L Calmar Ratio Rank: 88
IJPE.L Martin Ratio Rank: 85

CSCA.L

CSCA.L Risk / Return Rank: 90
CSCA.L Sharpe Ratio Rank: 91
CSCA.L Sortino Ratio Rank: 92
CSCA.L Omega Ratio Rank: 91
CSCA.L Calmar Ratio Rank: 87
CSCA.L Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJPE.L vs. CSCA.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 Canada UCITS ETF (USD Accumulating) (CSCA.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.

	IJPE.L	CSCA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.53	2.68	-0.15
Sortino ratio: Return per unit of downside risk	3.59	3.86	-0.27
Omega ratio: Gain probability vs. loss probability	1.48	1.49	-0.01
Calmar ratio: Return relative to maximum drawdown	5.07	4.69	+0.38
Martin ratio: Return relative to average drawdown	17.32	19.90	-2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPE.L vs. CSCA.L - Sharpe Ratio Comparison

The current IJPE.L Sharpe Ratio is 2.53, which is comparable to the CSCA.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of IJPE.L and CSCA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IJPE.L	CSCA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.68	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.83	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.66	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.55	+0.01

Drawdowns

IJPE.L vs. CSCA.L - Drawdown Comparison

The maximum IJPE.L drawdown since its inception was -34.53%, smaller than the maximum CSCA.L drawdown of -40.46%. Use the drawdown chart below to compare losses from any high point for IJPE.L and CSCA.L.

Drawdown Indicators

	IJPE.L	CSCA.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-40.46%	+5.93%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-6.50%	-3.15%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-16.58%	-4.92%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-17.73%	-3.77%
Max Drawdown (10Y) Largest decline over 10 years	-34.53%	-40.46%	+5.93%
Current Drawdown Current decline from peak	-0.41%	0.00%	-0.41%
Average Drawdown Average peak-to-trough decline	-9.04%	-7.51%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	1.54%	+1.29%

Volatility

IJPE.L vs. CSCA.L - Volatility Comparison

iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a higher volatility of 3.90% compared to iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) at 1.78%. This indicates that IJPE.L's price experiences larger fluctuations and is considered to be riskier than CSCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPE.L	CSCA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	1.78%	+2.12%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	8.06%	+6.94%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	11.38%	+8.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	15.79%	+2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	17.83%	+1.00%

IJPE.L vs. CSCA.L - Expense Ratio Comparison

IJPE.L has a 0.64% expense ratio, which is higher than CSCA.L's 0.48% expense ratio.

Dividends

IJPE.L vs. CSCA.L - Dividend Comparison

Neither IJPE.L nor CSCA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IJPE.L and CSCA.L in my portfolio?

IJPE.L and CSCA.L 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.

Which ETF is better, IJPE.L or CSCA.L?

On fees, CSCA.L is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IJPE.L or CSCA.L?

CSCA.L is cheaper with a 0.48% expense ratio, compared with 0.64% for IJPE.L.

What is the main difference between IJPE.L and CSCA.L?

IJPE.L is categorized as Japan Equities, while CSCA.L is Canada Equities. IJPE.L tracks MSCI Japan Index, while CSCA.L tracks MSCI Canada Index. Their fees differ too: 0.64% for IJPE.L and 0.48% for CSCA.L.