IJPN.L vs. IHYA.L
IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) and IHYA.L (iShares USD High Yield Corporate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - IJPN.L is a Japan Equities fund tracking the TOPIX TR JPY, while IHYA.L is a High Yield Bonds fund tracking the Bloomberg US Corporate High Yield TR USD. Both are passively managed. Over the past 5 years, IJPN.L returned 9.88%/yr vs 4.96%/yr for IHYA.L. At a 0.40 correlation, their price movements are largely independent. IJPN.L charges 0.59%/yr vs 0.50%/yr for IHYA.L.
Performance
IJPN.L vs. IHYA.L - Performance Comparison
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Different Trading Currencies
IJPN.L is traded in GBp, while IHYA.L is traded in USD. To make them comparable, the IHYA.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 18.29% return, which is significantly higher than IHYA.L's 3.61% return.
IJPN.L
- 1D
- -0.77%
- 1M
- 3.31%
- YTD
- 18.29%
- 6M
- 18.43%
- 1Y
- 37.48%
- 3Y*
- 17.28%
- 5Y*
- 9.88%
- 10Y*
- 9.31%
IHYA.L
- 1D
- 0.12%
- 1M
- 2.02%
- YTD
- 3.61%
- 6M
- 4.15%
- 1Y
- 10.20%
- 3Y*
- 7.22%
- 5Y*
- 4.96%
- 10Y*
- —
IJPN.L vs. IHYA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 18.29% | 17.49% | 8.73% | 13.10% | -7.90% | 1.42% | 11.56% | 13.61% | -9.14% | 10.20% |
IHYA.L iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) | 3.61% | 1.69% | 8.85% | 5.09% | 1.97% | 4.70% | 1.98% | 8.38% | 4.49% | -4.39% |
Correlation
The correlation between IJPN.L and IHYA.L is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2017 | 0.40 |
Over the past year, the correlation between IJPN.L and IHYA.L has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
IJPN.L vs. IHYA.L — Risk / Return Rank
IJPN.L
IHYA.L
IJPN.L vs. IHYA.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 High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 2.68 | +0.78 |
| Martin ratioReturn relative to average drawdown | 11.12 | 8.60 | +2.52 |
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Drawdowns
IJPN.L vs. IHYA.L - Drawdown Comparison
The maximum IJPN.L drawdown since its inception was -36.06%, which is greater than IHYA.L's maximum drawdown of -16.09%. Use the drawdown chart below to compare losses from any high point for IJPN.L and IHYA.L.
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Drawdown Indicators
| IJPN.L | IHYA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.06% | -16.09% | -19.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.80% | -3.79% | -7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -8.94% | -5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.87% | -10.79% | -8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -24.34% | — | — |
Current DrawdownCurrent decline from peak | -3.85% | -0.09% | -3.76% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -3.71% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.18% | +2.17% |
Volatility
IJPN.L vs. IHYA.L - Volatility Comparison
iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) has a higher volatility of 6.67% compared to iShares USD High Yield Corporate Bond UCITS ETF USD (Acc) (IHYA.L) at 1.88%. This indicates that IJPN.L's price experiences larger fluctuations and is considered to be riskier than IHYA.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 | IHYA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.67% | 1.88% | +4.79% |
Volatility (6M)Calculated over the trailing 6-month period | 16.02% | 5.21% | +10.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 6.63% | +12.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 8.70% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 9.76% | +6.23% |
IJPN.L vs. IHYA.L - Expense Ratio Comparison
IJPN.L has a 0.59% expense ratio, which is higher than IHYA.L's 0.50% expense ratio.
Dividends
IJPN.L vs. IHYA.L - Dividend Comparison
IJPN.L's dividend yield for the trailing twelve months is around 1.49%, while IHYA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYA.L iShares USD High Yield Corporate 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) | 1.49% | 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 IHYA.L have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IHYA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IHYA.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IJPN.L.
IJPN.L is categorized as Japan Equities, while IHYA.L is High Yield Bonds. IJPN.L tracks TOPIX TR JPY, while IHYA.L tracks Bloomberg US Corporate High Yield TR USD. Their fees differ too: 0.59% for IJPN.L and 0.50% for IHYA.L.
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