IJPE.L vs. HSJP.L

Last updated Jun 5, 2026

IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) are both Japan Equities funds - IJPE.L tracks the MSCI Japan Index while HSJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, IJPE.L returned 18.92%/yr vs 10.96%/yr for HSJP.L. A 0.79 correlation means they provide meaningful diversification when combined. IJPE.L charges 0.64%/yr vs 0.18%/yr for HSJP.L.

Performance

IJPE.L vs. HSJP.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 HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IJPE.L is traded in EUR, while HSJP.L is traded in GBP. To make them comparable, the HSJP.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 HSJP.L's 14.24% return.

IJPE.L

• 1D: -0.41%
• 1M: 6.69%
• YTD: 18.88%
• 6M: 20.37%
• 1Y: 49.21%
• 3Y*: 26.45%
• 5Y*: 18.92%
• 10Y*: 13.77%

HSJP.L

• 1D: 0.10%
• 1M: 5.48%
• YTD: 14.24%
• 6M: 14.63%
• 1Y: 28.13%
• 3Y*: 16.55%
• 5Y*: 10.96%
• 10Y*: —

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

IJPE.L vs. HSJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating	18.88%	27.34%	22.07%	32.82%	-5.43%	11.46%	11.85%
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD	14.24%	12.07%	19.43%	15.66%	-10.19%	11.35%	13.91%

Correlation

The correlation between IJPE.L and HSJP.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020	0.79

The correlation between IJPE.L and HSJP.L has been stable across timeframes, ranging from 0.77 to 0.86 - a consistent structural relationship.

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

Sectors	IJPE.L	HSJP.L
Industrials	26.0%	19.9%
Technology	19.1%	19.0%
Financial Services	17.5%	20.9%
Consumer Cyclical	12.2%	17.3%
Communication Services	7.9%	9.6%
Healthcare	6.3%	5.5%
Consumer Defensive	3.6%	4.3%
Basic Materials	3.0%	1.0%
Real Estate	2.3%	2.3%
Utilities	1.1%	0.0%
Energy	1.1%	0.1%

Return for Risk

IJPE.L vs. HSJP.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

HSJP.L

HSJP.L Risk / Return Rank: 47
HSJP.L Sharpe Ratio Rank: 47
HSJP.L Sortino Ratio Rank: 46
HSJP.L Omega Ratio Rank: 49
HSJP.L Calmar Ratio Rank: 50
HSJP.L Martin Ratio Rank: 45

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. HSJP.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 HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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	HSJP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.53	1.42	+1.11
Sortino ratio: Return per unit of downside risk	3.59	2.09	+1.51
Omega ratio: Gain probability vs. loss probability	1.48	1.26	+0.21
Calmar ratio: Return relative to maximum drawdown	5.07	2.21	+2.87
Martin ratio: Return relative to average drawdown	17.32	6.46	+10.86
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. HSJP.L - Sharpe Ratio Comparison

The current IJPE.L Sharpe Ratio is 2.53, which is higher than the HSJP.L Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of IJPE.L and HSJP.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	HSJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	1.42	+1.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.65	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.74	-0.18

Drawdowns

IJPE.L vs. HSJP.L - Drawdown Comparison

The maximum IJPE.L drawdown since its inception was -34.53%, which is greater than HSJP.L's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for IJPE.L and HSJP.L.

Drawdown Indicators

	IJPE.L	HSJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-16.93%	-17.60%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-12.05%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-16.39%	-5.11%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-16.93%	-4.57%
Max Drawdown (10Y) Largest decline over 10 years	-34.53%	—	—
Current Drawdown Current decline from peak	-0.41%	0.00%	-0.41%
Average Drawdown Average peak-to-trough decline	-9.04%	-4.86%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	4.13%	-1.30%

Volatility

IJPE.L vs. HSJP.L - Volatility Comparison

iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a higher volatility of 3.90% compared to HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) at 3.59%. This indicates that IJPE.L's price experiences larger fluctuations and is considered to be riskier than HSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPE.L	HSJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.59%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	15.00%	15.11%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	19.38%	18.81%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	16.92%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	16.67%	+2.16%

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

IJPE.L has a 0.64% expense ratio, which is higher than HSJP.L's 0.18% expense ratio.

Dividends

IJPE.L vs. HSJP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IJPE.L and HSJP.L have a correlation of 0.86, 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 HSJP.L?

On fees, HSJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

HSJP.L is cheaper with a 0.18% expense ratio, compared with 0.64% for IJPE.L.

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

IJPE.L tracks MSCI Japan Index, while HSJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.64% for IJPE.L and 0.18% for HSJP.L.