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IJPH.L vs. IKOR.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJPH.L vs. IKOR.L

Last updated Jun 26, 2026

IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and IKOR.L (iShares MSCI Korea UCITS ETF (Dist)) are both exchange-traded funds - IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index, while IKOR.L is a Asia Pacific Equities fund tracking the MSCI Korea NR USD. Both are passively managed. Over the past 10 years, IJPH.L returned 16.48%/yr vs 17.70%/yr for IKOR.L. At a 0.45 correlation, their price movements are largely independent. IJPH.L charges 0.64%/yr vs 0.74%/yr for IKOR.L.

Performance

IJPH.L vs. IKOR.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 MSCI Korea UCITS ETF (Dist) (IKOR.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IJPH.L is traded in GBP, while IKOR.L is traded in GBp. To make them comparable, the IKOR.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 22.24% return, which is significantly lower than IKOR.L's 109.69% return. Over the past 10 years, IJPH.L has underperformed IKOR.L with an annualized return of 16.48%, while IKOR.L has yielded a comparatively higher 17.70% annualized return.

IJPH.L

1D
0.75%
1M
3.44%
YTD
22.24%
6M
22.61%
1Y
54.54%
3Y*
28.44%
5Y*
20.86%
10Y*
16.48%

IKOR.L

1D
2.62%
1M
4.08%
YTD
109.69%
6M
120.61%
1Y
204.31%
3Y*
47.83%
5Y*
19.62%
10Y*
17.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		22.24%29.37%23.82%34.19%-4.30%11.94%9.27%15.94%-15.89%19.45%
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		109.69%85.96%-21.55%13.31%-19.76%-7.30%39.09%6.89%-16.49%32.45%

Correlation

The correlation between IJPH.L and IKOR.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

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

0.38

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

0.42

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

0.46

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

0.45

The correlation between IJPH.L and IKOR.L shifts across timeframes, from 0.38 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

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

Sectors
IJPH.L
IKOR.L

Industrials

24.5%
16.1%

Technology

21.7%
60.1%

Financial Services

17.0%
8.1%

Consumer Cyclical

11.9%
6.9%

Communication Services

8.9%
2.4%

Healthcare

5.6%
2.5%

Basic Materials

3.4%
1.6%

Consumer Defensive

3.3%
1.2%

Real Estate

1.9%

-

Utilities

1.0%
0.3%

Energy

0.9%
0.8%

Industrials

IJPH.L
24.5%
IKOR.L
16.1%

Technology

IJPH.L
21.7%
IKOR.L
60.1%

Financial Services

IJPH.L
17.0%
IKOR.L
8.1%

Consumer Cyclical

IJPH.L
11.9%
IKOR.L
6.9%

Communication Services

IJPH.L
8.9%
IKOR.L
2.4%

Healthcare

IJPH.L
5.6%
IKOR.L
2.5%

Basic Materials

IJPH.L
3.4%
IKOR.L
1.6%

Consumer Defensive

IJPH.L
3.3%
IKOR.L
1.2%

Real Estate

IJPH.L
1.9%
IKOR.L

-

Utilities

IJPH.L
1.0%
IKOR.L
0.3%

Energy

IJPH.L
0.9%
IKOR.L
0.8%

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 MSCI Korea UCITS ETF (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 IKOR.L:
IKOR.L vs. VOOIKOR.L vs. EWYIKOR.L vs. FLRK.LIKOR.L vs. FRXT.LIKOR.L vs. XMID.LIKOR.L vs. CP9U.LIKOR.L vs. CSKR.L

Return for Risk

IJPH.L vs. IKOR.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: 9090
Overall Rank
IJPH.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IJPH.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
IJPH.L Omega Ratio Rank: 8888
Omega Ratio Rank
IJPH.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
IJPH.L Martin Ratio Rank: 9292
Martin Ratio Rank
IKOR.L
IKOR.L Risk / Return Rank: 9797
Overall Rank
IKOR.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IKOR.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
IKOR.L Omega Ratio Rank: 9696
Omega Ratio Rank
IKOR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IKOR.L Martin Ratio Rank: 9696
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. IKOR.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 MSCI Korea UCITS ETF (Dist) (IKOR.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.LIKOR.LDifference
Sharpe ratioReturn per unit of total volatility
2.60
5.04

-2.44

Sortino ratioReturn per unit of downside risk
3.58
4.64

-1.06

Omega ratioGain probability vs. loss probability

1.47

1.69

-0.21

Calmar ratioReturn relative to maximum drawdown

5.63

9.45

-3.82

Martin ratioReturn relative to average drawdown

19.56

31.53

-11.97

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

The current IJPH.L Sharpe Ratio is 2.60, which is lower than the IKOR.L Sharpe Ratio of 5.04. The chart below compares the historical Sharpe Ratios of IJPH.L and IKOR.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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Drawdowns

IJPH.L vs. IKOR.L - Drawdown Comparison

The maximum IJPH.L drawdown since its inception was -34.55%, smaller than the maximum IKOR.L drawdown of -77.32%. Use the drawdown chart below to compare losses from any high point for IJPH.L and IKOR.L.

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Drawdown Indicators

IJPH.LIKOR.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-77.32%

+42.77%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-21.48%

+11.84%

Max Drawdown (3Y)

Largest decline over 3 years

-21.95%

-28.58%

+6.63%

Max Drawdown (5Y)

Largest decline over 5 years

-21.95%

-40.83%

+18.88%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-44.11%

+9.56%

Current Drawdown

Current decline from peak

-3.19%

-7.42%

+4.23%

Average Drawdown

Average peak-to-trough decline

-7.45%

-27.61%

+20.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.78%

6.45%

-3.67%

Volatility

IJPH.L vs. IKOR.L - Volatility Comparison

The current volatility for iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) is 6.69%, while iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) has a volatility of 19.30%. This indicates that IJPH.L experiences smaller price fluctuations and is considered to be less risky than IKOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IJPH.LIKOR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.69%

19.30%

-12.61%

Volatility (6M)

Calculated over the trailing 6-month period

16.50%

36.38%

-19.88%

Volatility (1Y)

Calculated over the trailing 1-year period

20.87%

40.29%

-19.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.20%

26.42%

-7.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.05%

25.03%

-5.98%

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

IJPH.L has a 0.64% expense ratio, which is lower than IKOR.L's 0.74% expense ratio.

Dividends

IJPH.L vs. IKOR.L - Dividend Comparison

IJPH.L has not paid dividends to shareholders, while IKOR.L's dividend yield for the trailing twelve months is around 0.41%.

PositionTTM20252024202320222021202020192018201720162015
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%
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		0.41%0.83%1.31%1.14%1.34%1.36%0.76%1.28%1.07%0.72%0.57%0.43%

Frequently Asked Questions

IJPH.L and IKOR.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJPH.L is cheaper at 0.64% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJPH.L is cheaper with a 0.64% expense ratio, compared with 0.74% for IKOR.L.

IJPH.L is categorized as Japan Equities, while IKOR.L is Asia Pacific Equities. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while IKOR.L tracks MSCI Korea NR USD. Their fees differ too: 0.64% for IJPH.L and 0.74% for IKOR.L.

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