IJPN.L vs. IDJP.L
IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds from iShares - IJPN.L tracks the TOPIX TR JPY while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 10 years, IJPN.L returned 8.11%/yr vs 7.42%/yr for IDJP.L. A 0.79 correlation means they provide meaningful diversification when combined. IJPN.L charges 0.59%/yr vs 0.58%/yr for IDJP.L.
Performance
IJPN.L vs. IDJP.L - Performance Comparison
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Different Trading Currencies
IJPN.L is traded in GBp, while IDJP.L is traded in USD. To make them comparable, the IDJP.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 11.72% return, which is significantly lower than IDJP.L's 12.78% return. Over the past 10 years, IJPN.L has outperformed IDJP.L with an annualized return of 8.11%, while IDJP.L has yielded a comparatively lower 7.42% annualized return.
IJPN.L
- 1D
- -2.12%
- 1M
- -6.09%
- 6M
- 5.74%
- YTD
- 11.72%
- 1Y
- 28.88%
- 3Y*
- 14.69%
- 5Y*
- 8.77%
- 10Y*
- 8.11%
IDJP.L
- 1D
- -2.22%
- 1M
- -4.14%
- 6M
- 7.39%
- YTD
- 12.78%
- 1Y
- 25.89%
- 3Y*
- 14.74%
- 5Y*
- 7.72%
- 10Y*
- 7.42%
IJPN.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 11.72% | 17.49% | 8.73% | 13.10% | -7.90% | 1.42% | 11.56% | 13.61% | -9.14% | 12.52% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.78% | 20.45% | 5.13% | 7.85% | -2.29% | -2.37% | 4.96% | 13.19% | -11.81% | 20.31% |
Correlation
The correlation between IJPN.L and IDJP.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 9, 2008 | 0.79 |
The correlation between IJPN.L and IDJP.L has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
IJPN.L vs. IDJP.L — Risk / Return Rank
IJPN.L
IDJP.L
IJPN.L vs. IDJP.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 MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.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.
| IJPN.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.22 | +0.44 |
| Martin ratioReturn relative to average drawdown | 8.12 | 7.18 | +0.94 |
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Drawdowns
IJPN.L vs. IDJP.L - Drawdown Comparison
The maximum IJPN.L drawdown since its inception was -36.06%, which is greater than IDJP.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for IJPN.L and IDJP.L.
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Drawdown Indicators
| IJPN.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -31.52% | -4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -11.59% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -11.59% | -2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -18.87% | -21.29% | +2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | -30.85% | +6.51% |
Current DrawdownCurrent decline from peak | -8.45% | -5.69% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -6.72% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.60% | -0.05% |
Volatility
IJPN.L vs. IDJP.L - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) has a higher volatility of 6.69% compared to iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) at 5.53%. This indicates that IJPN.L's price experiences larger fluctuations and is considered to be riskier than IDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IJPN.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 5.53% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 16.52% | 15.50% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.82% | 17.53% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.19% | 15.17% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.03% | 16.47% | -0.44% |
IJPN.L vs. IDJP.L - Expense Ratio Comparison
IJPN.L has a 0.59% expense ratio, which is higher than IDJP.L's 0.58% expense ratio.
Dividends
IJPN.L vs. IDJP.L - Dividend Comparison
IJPN.L's dividend yield for the trailing twelve months is around 0.83%, less than IDJP.L's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 0.83% | 1.76% | 1.36% | 1.06% | 1.24% | 0.89% | 1.02% | 1.11% | 1.05% | 0.90% | 0.83% | 0.41% |
Frequently Asked Questions
IJPN.L and IDJP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDJP.L is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDJP.L is cheaper with a 0.58% expense ratio, compared with 0.59% for IJPN.L.
IJPN.L tracks TOPIX TR JPY, while IDJP.L tracks MSCI Japan Small Cap Index (Net). Their fees differ too: 0.59% for IJPN.L and 0.58% for IDJP.L.
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