IPXJ.L vs. CPJ1.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both Asia Pacific Equities funds from iShares - IPXJ.L tracks the MSCI Pacific ex Japan Index (Net) while CPJ1.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, IPXJ.L returned 7.10%/yr vs 7.57%/yr for CPJ1.L. Their correlation of 0.91 suggests significant overlap in exposure. IPXJ.L charges 0.60%/yr vs 0.20%/yr for CPJ1.L.
Performance
IPXJ.L vs. CPJ1.L - Performance Comparison
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Different Trading Currencies
IPXJ.L is traded in USD, while CPJ1.L is traded in GBp. To make them comparable, the CPJ1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPXJ.L achieves a 9.42% return, which is significantly lower than CPJ1.L's 10.20% return. Over the past 10 years, IPXJ.L has underperformed CPJ1.L with an annualized return of 7.10%, while CPJ1.L has yielded a comparatively higher 7.57% annualized return.
IPXJ.L
- 1D
- -0.91%
- 1M
- -0.21%
- 6M
- 7.35%
- YTD
- 9.42%
- 1Y
- 14.14%
- 3Y*
- 11.93%
- 5Y*
- 5.42%
- 10Y*
- 7.10%
CPJ1.L
- 1D
- -0.50%
- 1M
- 1.02%
- 6M
- 8.02%
- YTD
- 10.20%
- 1Y
- 14.99%
- 3Y*
- 12.72%
- 5Y*
- 5.97%
- 10Y*
- 7.57%
IPXJ.L vs. CPJ1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 9.42% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -10.82% | 25.42% |
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 10.20% | 20.50% | 5.11% | 5.44% | -6.35% | 4.75% | 6.62% | 18.89% | -10.88% | 26.14% |
Correlation
The correlation between IPXJ.L and CPJ1.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2010 | 0.91 |
The correlation between IPXJ.L and CPJ1.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. CPJ1.L — Risk / Return Rank
IPXJ.L
CPJ1.L
IPXJ.L vs. CPJ1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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.
| IPXJ.L | CPJ1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.70 | -0.04 |
| Martin ratioReturn relative to average drawdown | 4.48 | 4.72 | -0.24 |
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Drawdowns
IPXJ.L vs. CPJ1.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, roughly equal to the maximum CPJ1.L drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and CPJ1.L.
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Drawdown Indicators
| IPXJ.L | CPJ1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -38.55% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -8.80% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -20.09% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -24.37% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | -38.55% | -0.38% |
Current DrawdownCurrent decline from peak | -2.38% | -1.93% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -8.62% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.17% | -0.02% |
Volatility
IPXJ.L vs. CPJ1.L - Volatility Comparison
iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) has a higher volatility of 3.13% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) at 2.92%. This indicates that IPXJ.L's price experiences larger fluctuations and is considered to be riskier than CPJ1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPXJ.L | CPJ1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.92% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 11.42% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 13.72% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 21.65% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 20.02% | -2.31% |
IPXJ.L vs. CPJ1.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than CPJ1.L's 0.20% expense ratio.
Dividends
IPXJ.L vs. CPJ1.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 2.83%, while CPJ1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn 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% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 2.83% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
Frequently Asked Questions
With a correlation of 0.92, IPXJ.L and CPJ1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CPJ1.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPJ1.L is cheaper with a 0.20% expense ratio, compared with 0.60% for IPXJ.L.
IPXJ.L tracks MSCI Pacific ex Japan Index (Net), while CPJ1.L tracks MSCI Pacific Ex Japan NR USD. Their fees differ too: 0.60% for IPXJ.L and 0.20% for CPJ1.L.
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