IJPH.L vs. BNKE.L

Last updated Jun 5, 2026

IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and BNKE.L (Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc) are both exchange-traded funds - IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index, while BNKE.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, IJPH.L returned 20.45%/yr vs 29.25%/yr for BNKE.L. At a 0.49 correlation, their price movements are largely independent. IJPH.L charges 0.64%/yr vs 0.30%/yr for BNKE.L.

Performance

IJPH.L vs. BNKE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) and Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IJPH.L achieves a 19.91% return, which is significantly higher than BNKE.L's 4.63% return.

IJPH.L

• 1D: -0.37%
• 1M: 5.15%
• YTD: 19.91%
• 6M: 21.81%
• 1Y: 53.07%
• 3Y*: 28.46%
• 5Y*: 20.45%
• 10Y*: 14.77%

BNKE.L

• 1D: 0.77%
• 1M: 2.69%
• YTD: 4.63%
• 6M: 11.52%
• 1Y: 43.21%
• 3Y*: 46.04%
• 5Y*: 29.25%
• 10Y*: —

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

IJPH.L vs. BNKE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF	19.91%	29.38%	23.82%	34.19%	-4.30%	11.94%	9.27%	8.71%
BNKE.L Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc	4.63%	99.94%	25.19%	27.75%	6.62%	31.33%	-18.12%	2.40%

Correlation

The correlation between IJPH.L and BNKE.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jul 24, 2019	0.49

IJPH.L vs. BNKE.L - Sectors Allocation Comparison

Sectors	IJPH.L	BNKE.L
Industrials	26.0%	-
Technology	19.1%	-
Financial Services	17.5%	100.0%
Consumer Cyclical	12.2%	-
Communication Services	7.9%	-
Healthcare	6.3%	-
Consumer Defensive	3.6%	-
Basic Materials	3.0%	-
Real Estate	2.3%	-
Utilities	1.1%	-
Energy	1.1%	-

Return for Risk

IJPH.L vs. BNKE.L — Risk / Return Rank

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

IJPH.L

IJPH.L Risk / Return Rank: 85
IJPH.L Sharpe Ratio Rank: 82
IJPH.L Sortino Ratio Rank: 84
IJPH.L Omega Ratio Rank: 82
IJPH.L Calmar Ratio Rank: 90
IJPH.L Martin Ratio Rank: 88

BNKE.L

BNKE.L Risk / Return Rank: 55
BNKE.L Sharpe Ratio Rank: 58
BNKE.L Sortino Ratio Rank: 56
BNKE.L Omega Ratio Rank: 52
BNKE.L Calmar Ratio Rank: 55
BNKE.L Martin Ratio Rank: 52

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.

IJPH.L vs. BNKE.L - 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 Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.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.

	IJPH.L	BNKE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.62	1.93	+0.68
Sortino ratio: Return per unit of downside risk	3.72	2.65	+1.07
Omega ratio: Gain probability vs. loss probability	1.49	1.32	+0.17
Calmar ratio: Return relative to maximum drawdown	5.41	2.70	+2.72
Martin ratio: Return relative to average drawdown	19.27	8.72	+10.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPH.L vs. BNKE.L - Sharpe Ratio Comparison

The current IJPH.L Sharpe Ratio is 2.62, which is higher than the BNKE.L Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of IJPH.L and BNKE.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

	IJPH.L	BNKE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.62	1.93	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	1.15	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.75	-0.01

Drawdowns

IJPH.L vs. BNKE.L - Drawdown Comparison

The maximum IJPH.L drawdown since its inception was -34.55%, smaller than the maximum BNKE.L drawdown of -48.52%. Use the drawdown chart below to compare losses from any high point for IJPH.L and BNKE.L.

Drawdown Indicators

	IJPH.L	BNKE.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.55%	-48.52%	+13.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.64%	-16.66%	+7.02%
Max Drawdown (3Y) Largest decline over 3 years	-21.95%	-18.40%	-3.55%
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	-34.21%	+12.26%
Max Drawdown (10Y) Largest decline over 10 years	-34.55%	—	—
Current Drawdown Current decline from peak	-0.37%	-1.62%	+1.25%
Average Drawdown Average peak-to-trough decline	-7.42%	-10.40%	+2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	5.17%	-2.46%

Volatility

IJPH.L vs. BNKE.L - Volatility Comparison

The current volatility for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) is 3.51%, while Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) has a volatility of 6.10%. This indicates that IJPH.L experiences smaller price fluctuations and is considered to be less risky than BNKE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPH.L	BNKE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	6.10%	-2.59%
Volatility (6M) Calculated over the trailing 6-month period	15.39%	18.62%	-3.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.98%	23.28%	-3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.01%	25.45%	-6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	29.62%	-10.38%

IJPH.L vs. BNKE.L - Expense Ratio Comparison

IJPH.L has a 0.64% expense ratio, which is higher than BNKE.L's 0.30% expense ratio.

Dividends

IJPH.L vs. BNKE.L - Dividend Comparison

Neither IJPH.L nor BNKE.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IJPH.L and BNKE.L in my portfolio?

IJPH.L and BNKE.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IJPH.L or BNKE.L?

On fees, BNKE.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IJPH.L or BNKE.L?

BNKE.L is cheaper with a 0.30% expense ratio, compared with 0.64% for IJPH.L.

What is the main difference between IJPH.L and BNKE.L?

IJPH.L is categorized as Japan Equities, while BNKE.L is Financials Equities. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while BNKE.L tracks MSCI World/Financials NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.64% for IJPH.L and 0.30% for BNKE.L.