IJPH.L vs. SEGA.L
IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) and SEGA.L (iShares Core Euro Government Bond 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 SEGA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, IJPH.L returned 15.52%/yr vs 0.88%/yr for SEGA.L. At a correlation of -0.16, they often move in opposite directions. IJPH.L charges 0.64%/yr vs 0.09%/yr for SEGA.L.
Performance
IJPH.L vs. SEGA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IJPH.L achieves a 24.57% return, which is significantly higher than SEGA.L's -0.31% return. Over the past 10 years, IJPH.L has outperformed SEGA.L with an annualized return of 15.52%, while SEGA.L has yielded a comparatively lower 0.88% annualized return.
IJPH.L
- 1D
- -0.30%
- 1M
- 8.26%
- YTD
- 24.57%
- 6M
- 24.64%
- 1Y
- 58.27%
- 3Y*
- 29.00%
- 5Y*
- 21.85%
- 10Y*
- 15.52%
SEGA.L
- 1D
- -0.45%
- 1M
- 1.20%
- YTD
- -0.31%
- 6M
- -0.16%
- 1Y
- 1.75%
- 3Y*
- 2.85%
- 5Y*
- -2.05%
- 10Y*
- 0.88%
IJPH.L vs. SEGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 24.57% | 29.37% | 23.82% | 34.19% | -4.30% | 11.94% | 9.27% | 15.94% | -15.89% | 19.45% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -0.31% | 5.89% | -2.94% | 4.76% | -13.69% | -9.84% | 10.69% | 1.45% | 1.62% | 3.46% |
Correlation
The correlation between IJPH.L and SEGA.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2012 | -0.16 |
The correlation between IJPH.L and SEGA.L shifts across timeframes, from -0.16 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IJPH.L vs. SEGA.L — Risk / Return Rank
IJPH.L
SEGA.L
IJPH.L vs. SEGA.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 Core Euro Government Bond UCITS ETF (Dist) (SEGA.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.L | SEGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.43 | ||
| Sortino ratioReturn per unit of downside risk | +3.36 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.07 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 5.93 | 0.43 | +5.50 |
| Martin ratioReturn relative to average drawdown | 20.84 | 0.92 | +19.92 |
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Drawdowns
IJPH.L vs. SEGA.L - Drawdown Comparison
The maximum IJPH.L drawdown since its inception was -34.55%, which is greater than SEGA.L's maximum drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for IJPH.L and SEGA.L.
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Drawdown Indicators
| IJPH.L | SEGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.55% | -26.74% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -4.63% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.95% | -6.26% | -15.69% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | -20.84% | -1.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.55% | -26.74% | -7.81% |
Current DrawdownCurrent decline from peak | -0.30% | -18.39% | +18.09% |
Average DrawdownAverage peak-to-trough decline | -7.45% | -9.84% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.17% | +0.58% |
Volatility
IJPH.L vs. SEGA.L - Volatility Comparison
iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) has a higher volatility of 4.96% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) at 1.49%. This indicates that IJPH.L's price experiences larger fluctuations and is considered to be riskier than SEGA.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.L | SEGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 1.49% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 4.19% | +11.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 5.34% | +15.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 7.46% | +11.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.17% | 8.46% | +10.71% |
IJPH.L vs. SEGA.L - Expense Ratio Comparison
IJPH.L has a 0.64% expense ratio, which is higher than SEGA.L's 0.09% expense ratio.
Dividends
IJPH.L vs. SEGA.L - Dividend Comparison
IJPH.L has not paid dividends to shareholders, while SEGA.L's dividend yield for the trailing twelve months is around 2.48%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 2.48% | 2.25% | 1.82% | 0.97% | 0.26% | 0.25% | 0.45% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% |
Frequently Asked Questions
IJPH.L and SEGA.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEGA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEGA.L is cheaper with a 0.09% expense ratio, compared with 0.64% for IJPH.L.
IJPH.L is categorized as Japan Equities, while SEGA.L is European Government Bonds. IJPH.L tracks MSCI Japan 100% Hedged to GBP Index, while SEGA.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.64% for IJPH.L and 0.09% for SEGA.L.
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