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IJPE.L vs. XMJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJPE.L vs. XMJP.L

Last updated Jun 5, 2026

IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and XMJP.L (Xtrackers MSCI Japan UCITS ETF 1C) are both Japan Equities funds - IJPE.L tracks the MSCI Japan Index while XMJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, IJPE.L returned 13.77%/yr vs 9.21%/yr for XMJP.L. A 0.77 correlation means they provide meaningful diversification when combined. IJPE.L charges 0.64%/yr vs 0.20%/yr for XMJP.L.

Performance

IJPE.L vs. XMJP.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 Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IJPE.L is traded in EUR, while XMJP.L is traded in GBp. To make them comparable, the XMJP.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 XMJP.L's 17.49% return. Over the past 10 years, IJPE.L has outperformed XMJP.L with an annualized return of 13.77%, while XMJP.L has yielded a comparatively lower 9.21% 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%

XMJP.L

1D
-0.35%
1M
6.06%
YTD
17.49%
6M
16.73%
1Y
30.64%
3Y*
15.46%
5Y*
10.08%
10Y*
9.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJPE.L vs. XMJP.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%
XMJP.L
Xtrackers MSCI Japan UCITS ETF 1C		17.51%11.36%14.41%16.29%-11.88%8.75%6.24%21.64%-9.77%8.73%

Correlation

The correlation between IJPE.L and XMJP.L is 0.78, 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

0.78

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

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Oct 7, 2010

0.77

The correlation between IJPE.L and XMJP.L has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

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

Sectors
IJPE.L
XMJP.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%
XMJP.L
26.0%

Technology

IJPE.L
19.1%
XMJP.L
19.1%

Financial Services

IJPE.L
17.5%
XMJP.L
17.5%

Consumer Cyclical

IJPE.L
12.2%
XMJP.L
12.2%

Communication Services

IJPE.L
7.9%
XMJP.L
7.9%

Healthcare

IJPE.L
6.3%
XMJP.L
6.3%

Consumer Defensive

IJPE.L
3.6%
XMJP.L
3.6%

Basic Materials

IJPE.L
3.0%
XMJP.L
3.0%

Real Estate

IJPE.L
2.3%
XMJP.L
2.3%

Utilities

IJPE.L
1.1%
XMJP.L
1.1%

Energy

IJPE.L
1.1%
XMJP.L
1.1%

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iShares MSCI Japan EUR Hedged UCITS ETF Accumulating

Xtrackers MSCI Japan UCITS ETF 1C

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 XMJP.L:
XMJP.L vs. ISJP.LXMJP.L vs. JPJP.LXMJP.L vs. DXJG.LXMJP.L vs. DXJXMJP.L vs. DBJPXMJP.L vs. CSJP.LXMJP.L vs. SXR8.DE

Return for Risk

IJPE.L vs. XMJP.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
XMJP.L
XMJP.L Risk / Return Rank: 5959
Overall Rank
XMJP.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
XMJP.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
XMJP.L Omega Ratio Rank: 5959
Omega Ratio Rank
XMJP.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
XMJP.L Martin Ratio Rank: 5858
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. XMJP.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 Xtrackers MSCI Japan UCITS ETF 1C (XMJP.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.LXMJP.LDifference
Sharpe ratioReturn per unit of total volatility
2.53
1.65

+0.88

Sortino ratioReturn per unit of downside risk
3.59
2.49

+1.10

Omega ratioGain probability vs. loss probability

1.48

1.31

+0.17

Calmar ratioReturn relative to maximum drawdown

5.07

3.02

+2.05

Martin ratioReturn relative to average drawdown

17.32

9.82

+7.50

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. XMJP.L - Sharpe Ratio Comparison

The current IJPE.L Sharpe Ratio is 2.53, which is higher than the XMJP.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of IJPE.L and XMJP.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.

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Sharpe Ratios by Period

IJPE.LXMJP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

1.65

+0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.60

+0.41

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.56

+0.17

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.32

+0.24

Drawdowns

IJPE.L vs. XMJP.L - Drawdown Comparison

The maximum IJPE.L drawdown since its inception was -34.53%, smaller than the maximum XMJP.L drawdown of -46.05%. Use the drawdown chart below to compare losses from any high point for IJPE.L and XMJP.L.

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Drawdown Indicators

IJPE.LXMJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.53%

-46.05%

+11.52%

Max Drawdown (1Y)

Largest decline over 1 year

-9.65%

-10.08%

+0.43%

Max Drawdown (3Y)

Largest decline over 3 years

-21.50%

-16.85%

-4.65%

Max Drawdown (5Y)

Largest decline over 5 years

-21.50%

-19.11%

-2.39%

Max Drawdown (10Y)

Largest decline over 10 years

-34.53%

-28.63%

-5.90%

Current Drawdown

Current decline from peak

-0.41%

-0.35%

-0.06%

Average Drawdown

Average peak-to-trough decline

-9.04%

-11.07%

+2.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.11%

-0.28%

Volatility

IJPE.L vs. XMJP.L - Volatility Comparison

iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L) have volatilities of 3.90% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJPE.LXMJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

3.89%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

15.00%

14.88%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

18.51%

+0.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.71%

16.70%

+2.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.83%

16.48%

+2.35%

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

IJPE.L has a 0.64% expense ratio, which is higher than XMJP.L's 0.20% expense ratio.

Dividends

IJPE.L vs. XMJP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

IJPE.L and XMJP.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XMJP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XMJP.L is cheaper with a 0.20% expense ratio, compared with 0.64% for IJPE.L.

IJPE.L tracks MSCI Japan Index, while XMJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.64% for IJPE.L and 0.20% for XMJP.L.

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