PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IJPH.L vs. IAEX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJPH.L vs. IAEX.L

Last updated Jun 16, 2026

IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and IAEX.L (iShares AEX UCITS ETF EUR (Dist)) are both exchange-traded funds - IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index, while IAEX.L is a Europe Equities fund tracking the Euronext AEX All Share TR EUR. Both are passively managed. Over the past 10 years, IJPH.L returned 15.77%/yr vs 13.40%/yr for IAEX.L. A 0.57 correlation means they provide meaningful diversification when combined. IJPH.L charges 0.64%/yr vs 0.30%/yr for IAEX.L.

Performance

IJPH.L vs. IAEX.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 iShares AEX UCITS ETF EUR (Dist) (IAEX.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IJPH.L is traded in GBP, while IAEX.L is traded in GBp. To make them comparable, the IAEX.L 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 20.84% return, which is significantly higher than IAEX.L's 13.70% return. Over the past 10 years, IJPH.L has outperformed IAEX.L with an annualized return of 15.77%, while IAEX.L has yielded a comparatively lower 13.40% annualized return.

IJPH.L

1D
1.39%
1M
4.33%
YTD
20.84%
6M
20.67%
1Y
53.19%
3Y*
26.82%
5Y*
20.46%
10Y*
15.77%

IAEX.L

1D
-0.37%
1M
5.77%
YTD
13.70%
6M
13.17%
1Y
21.05%
3Y*
14.59%
5Y*
10.42%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		20.84%29.37%23.82%34.19%-4.30%11.94%9.27%15.94%-15.89%19.45%
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		13.70%16.14%8.60%14.11%-6.28%21.00%10.97%21.66%-7.74%20.82%

Correlation

The correlation between IJPH.L and IAEX.L is 0.50, 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

0.50

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

0.50

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

0.55

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

0.57

Correlation (All Time)
Calculated using the full available price history since Jul 31, 2012

0.57

The correlation between IJPH.L and IAEX.L has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

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

Sectors
IJPH.L
IAEX.L

Industrials

26.0%
8.2%

Technology

19.1%
28.0%

Financial Services

17.5%
14.9%

Consumer Cyclical

12.2%
5.2%

Communication Services

7.9%
4.1%

Healthcare

6.3%
1.8%

Consumer Defensive

3.6%
17.5%

Basic Materials

3.0%
5.8%

Real Estate

2.3%
0.4%

Utilities

1.1%

-

Energy

1.1%
14.1%

Industrials

IJPH.L
26.0%
IAEX.L
8.2%

Technology

IJPH.L
19.1%
IAEX.L
28.0%

Financial Services

IJPH.L
17.5%
IAEX.L
14.9%

Consumer Cyclical

IJPH.L
12.2%
IAEX.L
5.2%

Communication Services

IJPH.L
7.9%
IAEX.L
4.1%

Healthcare

IJPH.L
6.3%
IAEX.L
1.8%

Consumer Defensive

IJPH.L
3.6%
IAEX.L
17.5%

Basic Materials

IJPH.L
3.0%
IAEX.L
5.8%

Real Estate

IJPH.L
2.3%
IAEX.L
0.4%

Utilities

IJPH.L
1.1%
IAEX.L

-

Energy

IJPH.L
1.1%
IAEX.L
14.1%

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 GBP Hedged UCITS ETF

iShares AEX UCITS ETF EUR (Dist)

Often compared with IJPH.L:
IJPH.L vs. SUJA.LIJPH.L vs. XSTC.LIJPH.L vs. XDJP.DEIJPH.L vs. XM1D.DEIJPH.L vs. EWJIJPH.L vs. ^N225IJPH.L vs. BRK-B
Often compared with IAEX.L:
IAEX.L vs. CSPX.LIAEX.L vs. CNDX.LIAEX.L vs. ^GSPCIAEX.L vs. VOOIAEX.L vs. VGTIAEX.L vs. VUSA.LIAEX.L vs. IUSA.L

Return for Risk

IJPH.L vs. IAEX.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: 8989
Overall Rank
IJPH.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
IJPH.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
IJPH.L Omega Ratio Rank: 8686
Omega Ratio Rank
IJPH.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IJPH.L Martin Ratio Rank: 9090
Martin Ratio Rank
IAEX.L
IAEX.L Risk / Return Rank: 5252
Overall Rank
IAEX.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
IAEX.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
IAEX.L Omega Ratio Rank: 4949
Omega Ratio Rank
IAEX.L Calmar Ratio Rank: 5959
Calmar Ratio Rank
IAEX.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.

IJPH.L vs. IAEX.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 iShares AEX UCITS ETF EUR (Dist) (IAEX.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IJPH.LIAEX.LDifference
Sharpe ratioReturn per unit of total volatility
2.61
1.64

+0.96

Sortino ratioReturn per unit of downside risk
3.70
2.31

+1.39

Omega ratioGain probability vs. loss probability

1.48

1.30

+0.18

Calmar ratioReturn relative to maximum drawdown

5.49

2.78

+2.71

Martin ratioReturn relative to average drawdown

19.28

8.06

+11.22

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

The current IJPH.L Sharpe Ratio is 2.61, which is higher than the IAEX.L Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of IJPH.L and IAEX.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...

Drawdowns

IJPH.L vs. IAEX.L - Drawdown Comparison

The maximum IJPH.L drawdown since its inception was -34.55%, smaller than the maximum IAEX.L drawdown of -63.74%. Use the drawdown chart below to compare losses from any high point for IJPH.L and IAEX.L.

Loading charts...

Drawdown Indicators

IJPH.LIAEX.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-63.74%

+29.19%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-7.54%

-2.10%

Max Drawdown (3Y)

Largest decline over 3 years

-21.95%

-12.80%

-9.15%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-21.96%

+0.01%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-28.85%

-5.70%

Current Drawdown

Current decline from peak

0.00%

-0.37%

+0.37%

Average Drawdown

Average peak-to-trough decline

-7.46%

-16.63%

+9.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

2.60%

+0.15%

Volatility

IJPH.L vs. IAEX.L - Volatility Comparison

iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) has a higher volatility of 4.93% compared to iShares AEX UCITS ETF EUR (Dist) (IAEX.L) at 3.00%. This indicates that IJPH.L's price experiences larger fluctuations and is considered to be riskier than IAEX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IJPH.LIAEX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

3.00%

+1.93%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

10.37%

+5.51%

Volatility (1Y)

Calculated over the trailing 1-year period

20.36%

12.77%

+7.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.12%

15.20%

+3.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.22%

16.16%

+3.06%

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

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

Dividends

IJPH.L vs. IAEX.L - Dividend Comparison

IJPH.L has not paid dividends to shareholders, while IAEX.L's dividend yield for the trailing twelve months is around 0.96%.

PositionTTM20252024202320222021202020192018201720162015
IAEX.L
iShares AEX UCITS ETF EUR (Dist)		0.96%2.03%2.16%2.09%2.20%1.57%1.41%2.89%3.11%2.70%2.73%2.85%
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IJPH.L and IAEX.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

IJPH.L is categorized as Japan Equities, while IAEX.L is Europe Equities. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while IAEX.L tracks Euronext AEX All Share TR EUR. Their fees differ too: 0.64% for IJPH.L and 0.30% for IAEX.L.

Portfolio Optimizer

Find the right allocation for IJPH.L and IAEX.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