IJPIX vs. IJPN.L

Last updated Apr 2, 2026

Compare and contrast key facts about VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.L).

IJPIX is managed by Voya. It was launched on Feb 17, 1998. IJPN.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Oct 1, 2004.

Performance

IJPIX vs. IJPN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.L). The values are adjusted to include any dividend payments, if applicable.

IJPIX vs. IJPN.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	4.08%	38.95%	1.91%	6.58%	-26.16%	-10.00%	33.28%	31.72%	-16.76%	43.11%
IJPN.L iShares MSCI Japan UCITS ETF (Dist)	8.20%	27.09%	7.57%	20.04%	-17.06%	1.27%	15.90%	19.15%	-13.63%	24.06%

Different Trading Currencies

IJPIX is traded in USD, while IJPN.L is traded in GBp. To make them comparable, the IJPN.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IJPIX achieves a 4.08% return, which is significantly lower than IJPN.L's 8.20% return. Over the past 10 years, IJPIX has underperformed IJPN.L with an annualized return of 8.82%, while IJPN.L has yielded a comparatively higher 9.49% annualized return.

IJPIX

• 1D: 3.09%
• 1M: -8.60%
• YTD: 4.08%
• 6M: 10.21%
• 1Y: 38.20%
• 3Y*: 14.52%
• 5Y*: 0.88%
• 10Y*: 8.82%

IJPN.L

• 1D: 5.49%
• 1M: -3.26%
• YTD: 8.20%
• 6M: 13.07%
• 1Y: 34.54%
• 3Y*: 18.54%
• 5Y*: 7.92%
• 10Y*: 9.49%

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

IJPIX vs. IJPN.L - Expense Ratio Comparison

IJPIX has a 1.51% expense ratio, which is higher than IJPN.L's 0.59% expense ratio.

IJPIX

VY JPMorgan Emerging Markets Equity Portfolio

IJPN.L

iShares MSCI Japan UCITS ETF (Dist)

Return for Risk

IJPIX vs. IJPN.L — Risk / Return Rank

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

IJPIX

IJPIX Risk / Return Rank: 88
IJPIX Sharpe Ratio Rank: 93
IJPIX Sortino Ratio Rank: 92
IJPIX Omega Ratio Rank: 89
IJPIX Calmar Ratio Rank: 84
IJPIX Martin Ratio Rank: 84

IJPN.L

IJPN.L Risk / Return Rank: 82
IJPN.L Sharpe Ratio Rank: 79
IJPN.L Sortino Ratio Rank: 80
IJPN.L Omega Ratio Rank: 76
IJPN.L Calmar Ratio Rank: 88
IJPN.L Martin Ratio Rank: 86

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.

IJPIX vs. IJPN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.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.

	IJPIX	IJPN.L	Difference
Sharpe ratio Return per unit of total volatility	2.15	1.59	+0.55
Sortino ratio Return per unit of downside risk	2.86	2.24	+0.61
Omega ratio Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio Return relative to maximum drawdown	2.31	2.64	-0.34
Martin ratio Return relative to average drawdown	9.36	9.93	-0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPIX vs. IJPN.L - Sharpe Ratio Comparison

The current IJPIX Sharpe Ratio is 2.15, which is higher than the IJPN.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IJPIX and IJPN.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IJPIX	IJPN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	1.59	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.44	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.56	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.23	+0.06

Correlation

The correlation between IJPIX and IJPN.L is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IJPIX vs. IJPN.L - Dividend Comparison

IJPIX's dividend yield for the trailing twelve months is around 24.87%, more than IJPN.L's 2.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IJPIX VY JPMorgan Emerging Markets Equity Portfolio	24.87%	25.88%	0.82%	1.67%	42.85%	8.66%	5.75%	5.37%	0.66%	0.40%	1.15%	9.47%
IJPN.L iShares MSCI Japan UCITS ETF (Dist)	2.17%	2.25%	1.95%	1.81%	2.10%	1.66%	1.75%	1.90%	1.89%	1.53%	1.55%	0.87%

Drawdowns

IJPIX vs. IJPN.L - Drawdown Comparison

The maximum IJPIX drawdown since its inception was -64.21%, which is greater than IJPN.L's maximum drawdown of -51.44%. Use the drawdown chart below to compare losses from any high point for IJPIX and IJPN.L.

Drawdown Indicators

	IJPIX	IJPN.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.21%	-39.73%	-24.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-10.80%	-1.73%
Max Drawdown (5Y) Largest decline over 5 years	-45.22%	-18.57%	-26.65%
Max Drawdown (10Y) Largest decline over 10 years	-49.88%	-24.34%	-25.54%
Current Drawdown Current decline from peak	-9.83%	-5.04%	-4.79%
Average Drawdown Average peak-to-trough decline	-20.23%	-10.14%	-10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.98%	+0.62%

Volatility

IJPIX vs. IJPN.L - Volatility Comparison

VY JPMorgan Emerging Markets Equity Portfolio (IJPIX) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) have volatilities of 9.79% and 9.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPIX	IJPN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.79%	9.56%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	14.18%	15.79%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	20.94%	21.57%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.02%	17.90%	+1.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.32%	17.02%	+2.30%