IJPN.L vs. FLOA.L
IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - IJPN.L is a Japan Equities fund tracking the TOPIX TR JPY, while FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, IJPN.L returned 10.52%/yr vs 5.40%/yr for FLOA.L. At a 0.12 correlation, their price movements are largely independent. IJPN.L charges 0.59%/yr vs 0.10%/yr for FLOA.L.
Performance
IJPN.L vs. FLOA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IJPN.L is traded in GBp, while FLOA.L is traded in USD. To make them comparable, the FLOA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IJPN.L achieves a 16.83% return, which is significantly higher than FLOA.L's 2.45% return.
IJPN.L
- 1D
- -0.35%
- 1M
- 6.24%
- YTD
- 16.83%
- 6M
- 16.02%
- 1Y
- 34.98%
- 3Y*
- 16.17%
- 5Y*
- 10.52%
- 10Y*
- 10.48%
FLOA.L
- 1D
- 0.06%
- 1M
- 1.38%
- YTD
- 2.45%
- 6M
- 1.53%
- 1Y
- 6.04%
- 3Y*
- 3.08%
- 5Y*
- 5.40%
- 10Y*
- —
IJPN.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 18.18% | 9.39% | 14.03% | -7.13% | 2.20% | 12.46% | 14.55% | -4.08% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.45% | -2.50% | 8.28% | 1.29% | 13.40% | 1.37% | -2.10% | 0.21% | 11.32% |
Correlation
The correlation between IJPN.L and FLOA.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | 0.12 |
The correlation between IJPN.L and FLOA.L shifts across timeframes, from -0.05 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IJPN.L vs. FLOA.L — Risk / Return Rank
IJPN.L
FLOA.L
IJPN.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| IJPN.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.16 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 1.22 | +2.00 |
| Martin ratioReturn relative to average drawdown | 10.52 | 3.41 | +7.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IJPN.L | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 0.89 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.62 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.43 | -0.01 |
Drawdowns
IJPN.L vs. FLOA.L - Drawdown Comparison
The maximum IJPN.L drawdown since its inception was -39.73%, which is greater than FLOA.L's maximum drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for IJPN.L and FLOA.L.
Loading charts...
Drawdown Indicators
| IJPN.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.73% | -14.84% | -24.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -4.92% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -9.58% | -4.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.57% | -14.84% | -3.73% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -3.15% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -10.09% | -6.00% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 1.77% | +1.55% |
Volatility
IJPN.L vs. FLOA.L - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) has a higher volatility of 3.88% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 1.90%. This indicates that IJPN.L's price experiences larger fluctuations and is considered to be riskier than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IJPN.L | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 1.90% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 5.15% | +9.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 6.76% | +11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 8.65% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.98% | 9.29% | +6.69% |
IJPN.L vs. FLOA.L - Expense Ratio Comparison
IJPN.L has a 0.59% expense ratio, which is higher than FLOA.L's 0.10% expense ratio.
Dividends
IJPN.L vs. FLOA.L - Dividend Comparison
IJPN.L's dividend yield for the trailing twelve months is around 2.03%, while FLOA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 2.03% | 2.25% | 1.95% | 1.81% | 2.10% | 1.66% | 1.75% | 1.90% | 1.89% | 1.53% | 1.55% | 0.87% |
Frequently Asked Questions
IJPN.L and FLOA.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.59% for IJPN.L.
IJPN.L is categorized as Japan Equities, while FLOA.L is Corporate Bonds. IJPN.L tracks TOPIX TR JPY, while FLOA.L tracks Bloomberg US Corp Bond TR USD. Their fees differ too: 0.59% for IJPN.L and 0.10% for FLOA.L.
Find the right allocation for IJPN.L and FLOA.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