IJPH.L vs. ^N225
IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) is Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index, while ^N225 (Nikkei 225) is an index. Over the past 10 years, IJPH.L returned 14.77%/yr vs 11.40%/yr for ^N225. At a 0.29 correlation, their price movements are largely independent.
Performance
IJPH.L vs. ^N225 - Performance Comparison
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Different Trading Currencies
IJPH.L is traded in GBP, while ^N225 is traded in JPY. To make them comparable, the ^N225 values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IJPH.L achieves a 19.91% return, which is significantly lower than ^N225's 31.65% return. Over the past 10 years, IJPH.L has outperformed ^N225 with an annualized return of 14.77%, while ^N225 has yielded a comparatively lower 11.40% annualized return.
IJPH.L
- 1D
- -0.37%
- 1M
- 6.95%
- YTD
- 19.91%
- 6M
- 21.68%
- 1Y
- 52.45%
- 3Y*
- 28.46%
- 5Y*
- 20.45%
- 10Y*
- 14.77%
^N225
- 1D
- 0.00%
- 1M
- 12.70%
- YTD
- 31.65%
- 6M
- 27.40%
- 1Y
- 61.15%
- 3Y*
- 18.83%
- 5Y*
- 11.00%
- 10Y*
- 11.40%
IJPH.L vs. ^N225 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 19.91% | 29.38% | 23.82% | 34.19% | -4.30% | 11.94% | 9.27% | 15.95% | -15.90% | 19.46% |
^N225 Nikkei 225 | 31.65% | 17.94% | 8.72% | 13.25% | -11.23% | -5.05% | 17.82% | 15.96% | -4.44% | 13.06% |
Correlation
The correlation between IJPH.L and ^N225 is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2012 | 0.29 |
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Return for Risk
IJPH.L vs. ^N225 — Risk / Return Rank
IJPH.L
^N225
IJPH.L vs. ^N225 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) and Nikkei 225 (^N225). 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.
| IJPH.L | ^N225 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.41 | 4.90 | +0.52 |
| Martin ratioReturn relative to average drawdown | 19.27 | 14.52 | +4.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IJPH.L | ^N225 | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.77 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.07 | 0.50 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.56 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.35 | +0.38 |
Drawdowns
IJPH.L vs. ^N225 - Drawdown Comparison
The maximum IJPH.L drawdown since its inception was -34.55%, roughly equal to the maximum ^N225 drawdown of -35.55%. Use the drawdown chart below to compare losses from any high point for IJPH.L and ^N225.
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Drawdown Indicators
| IJPH.L | ^N225 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -35.55% | +1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -13.44% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -22.75% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -23.10% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -24.67% | -9.88% |
Current DrawdownCurrent decline from peak | -0.37% | -1.26% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -7.42% | -8.69% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 4.48% | -1.77% |
Volatility
IJPH.L vs. ^N225 - Volatility Comparison
The current volatility for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) is 3.51%, while Nikkei 225 (^N225) has a volatility of 6.97%. This indicates that IJPH.L experiences smaller price fluctuations and is considered to be less risky than ^N225 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPH.L | ^N225 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 6.97% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 19.36% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 23.82% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 22.77% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 21.18% | -1.94% |
Frequently Asked Questions
IJPH.L and ^N225 have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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