PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IJPE.L vs. MXJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJPE.L vs. MXJP.L

Last updated Jun 5, 2026

IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and MXJP.L (Invesco MSCI Japan UCITS ETF) are both Japan Equities funds - IJPE.L tracks the MSCI Japan Index while MXJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, IJPE.L returned 13.77%/yr vs 9.13%/yr for MXJP.L. A 0.77 correlation means they provide meaningful diversification when combined. IJPE.L charges 0.64%/yr vs 0.19%/yr for MXJP.L.

Performance

IJPE.L vs. MXJP.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 Invesco MSCI Japan UCITS ETF (MXJP.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IJPE.L is traded in EUR, while MXJP.L is traded in USD. To make them comparable, the MXJP.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 MXJP.L's 17.55% return. Over the past 10 years, IJPE.L has outperformed MXJP.L with an annualized return of 13.77%, while MXJP.L has yielded a comparatively lower 9.13% annualized 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%

MXJP.L

1D
-0.62%
1M
3.43%
YTD
17.55%
6M
16.73%
1Y
31.68%
3Y*
15.39%
5Y*
9.96%
10Y*
9.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
MXJP.L
Invesco MSCI Japan UCITS ETF		17.55%10.91%14.29%16.86%-11.98%8.28%6.65%20.78%-9.50%8.92%

Correlation

The correlation between IJPE.L and MXJP.L is 0.89, 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

0.89

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

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 Oct 12, 2011

0.77

The correlation between IJPE.L and MXJP.L shifts across timeframes, from 0.77 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
IJPE.L
MXJP.L

Industrials

26.0%
26.0%

Technology

19.1%
19.1%

Financial Services

17.5%
17.5%

Consumer Cyclical

12.2%
12.2%

Communication Services

7.9%
7.9%

Healthcare

6.3%
6.3%

Consumer Defensive

3.6%
3.6%

Basic Materials

3.0%
3.0%

Real Estate

2.3%
2.3%

Utilities

1.1%
1.1%

Energy

1.1%
1.1%

Industrials

IJPE.L
26.0%
MXJP.L
26.0%

Technology

IJPE.L
19.1%
MXJP.L
19.1%

Financial Services

IJPE.L
17.5%
MXJP.L
17.5%

Consumer Cyclical

IJPE.L
12.2%
MXJP.L
12.2%

Communication Services

IJPE.L
7.9%
MXJP.L
7.9%

Healthcare

IJPE.L
6.3%
MXJP.L
6.3%

Consumer Defensive

IJPE.L
3.6%
MXJP.L
3.6%

Basic Materials

IJPE.L
3.0%
MXJP.L
3.0%

Real Estate

IJPE.L
2.3%
MXJP.L
2.3%

Utilities

IJPE.L
1.1%
MXJP.L
1.1%

Energy

IJPE.L
1.1%
MXJP.L
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Japan EUR Hedged UCITS ETF Accumulating

Invesco MSCI Japan UCITS ETF

Often compared with IJPE.L:
IJPE.L vs. IJPA.LIJPE.L vs. IJPD.LIJPE.L vs. EUNN.DEIJPE.L vs. HPJS.LIJPE.L vs. PAJS.LIJPE.L vs. JARI.LIJPE.L vs. XDJP.L
Often compared with MXJP.L:
MXJP.L vs. LGJG.LMXJP.L vs. VJPA.LMXJP.L vs. IJPN.LMXJP.L vs. SJPA.LMXJP.L vs. LCJP.LMXJP.L vs. DXJP.LMXJP.L vs. DXJA.L

Return for Risk

IJPE.L vs. MXJP.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: 8383
Overall Rank
IJPE.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IJPE.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
IJPE.L Omega Ratio Rank: 8181
Omega Ratio Rank
IJPE.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
IJPE.L Martin Ratio Rank: 8585
Martin Ratio Rank
MXJP.L
MXJP.L Risk / Return Rank: 4949
Overall Rank
MXJP.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
MXJP.L Sortino Ratio Rank: 4848
Sortino Ratio Rank
MXJP.L Omega Ratio Rank: 4848
Omega Ratio Rank
MXJP.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
MXJP.L Martin Ratio Rank: 5050
Martin Ratio Rank
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. MXJP.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 Invesco MSCI Japan UCITS ETF (MXJP.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.LMXJP.LDifference
Sharpe ratioReturn per unit of total volatility
2.53
1.53

+1.00

Sortino ratioReturn per unit of downside risk
3.59
2.32

+1.28

Omega ratioGain probability vs. loss probability

1.48

1.29

+0.19

Calmar ratioReturn relative to maximum drawdown

5.07

3.02

+2.06

Martin ratioReturn relative to average drawdown

17.32

9.61

+7.71

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. MXJP.L - Sharpe Ratio Comparison

The current IJPE.L Sharpe Ratio is 2.53, which is higher than the MXJP.L Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of IJPE.L and MXJP.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.

Loading charts...

Sharpe Ratios by Period

IJPE.LMXJP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

1.53

+1.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.57

+0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.53

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.55

+0.01

Drawdowns

IJPE.L vs. MXJP.L - Drawdown Comparison

The maximum IJPE.L drawdown since its inception was -34.53%, which is greater than MXJP.L's maximum drawdown of -28.85%. Use the drawdown chart below to compare losses from any high point for IJPE.L and MXJP.L.

Loading charts...

Drawdown Indicators

IJPE.LMXJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.53%

-28.85%

-5.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.65%

-10.04%

+0.39%

Max Drawdown (3Y)

Largest decline over 3 years

-21.50%

-16.00%

-5.50%

Max Drawdown (5Y)

Largest decline over 5 years

-21.50%

-19.29%

-2.21%

Max Drawdown (10Y)

Largest decline over 10 years

-34.53%

-28.85%

-5.68%

Current Drawdown

Current decline from peak

-0.41%

-0.62%

+0.21%

Average Drawdown

Average peak-to-trough decline

-9.04%

-6.39%

-2.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.16%

-0.33%

Volatility

IJPE.L vs. MXJP.L - Volatility Comparison

The current volatility for iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) is 3.90%, while Invesco MSCI Japan UCITS ETF (MXJP.L) has a volatility of 4.11%. This indicates that IJPE.L experiences smaller price fluctuations and is considered to be less risky than MXJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IJPE.LMXJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

4.11%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

15.00%

15.90%

-0.90%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

19.74%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.71%

17.45%

+1.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.83%

17.23%

+1.60%

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

IJPE.L has a 0.64% expense ratio, which is higher than MXJP.L's 0.19% expense ratio.

Dividends

IJPE.L vs. MXJP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IJPE.L and MXJP.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MXJP.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MXJP.L is cheaper with a 0.19% expense ratio, compared with 0.64% for IJPE.L.

IJPE.L tracks MSCI Japan Index, while MXJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.64% for IJPE.L and 0.19% for MXJP.L.

Portfolio Optimizer

Find the right allocation for IJPE.L and MXJP.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer