IPXJ.L vs. IJPE.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) while IJPE.L tracks the MSCI Japan Index. Both are passively managed. Over the past 10 years, IPXJ.L returned 7.06%/yr vs 14.54%/yr for IJPE.L. A 0.61 correlation means they provide meaningful diversification when combined. IPXJ.L charges 0.60%/yr vs 0.64%/yr for IJPE.L.
Performance
IPXJ.L vs. IJPE.L - Performance Comparison
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Different Trading Currencies
IPXJ.L is traded in USD, while IJPE.L is traded in EUR. To make them comparable, the IJPE.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 10.20% return, which is significantly lower than IJPE.L's 17.95% return. Over the past 10 years, IPXJ.L has underperformed IJPE.L with an annualized return of 7.06%, while IJPE.L has yielded a comparatively higher 14.54% annualized return.
IPXJ.L
- 1D
- -0.55%
- 1M
- 1.44%
- 6M
- 8.32%
- YTD
- 10.20%
- 1Y
- 15.90%
- 3Y*
- 12.30%
- 5Y*
- 5.56%
- 10Y*
- 7.06%
IJPE.L
- 1D
- -0.76%
- 1M
- -0.32%
- 6M
- 11.43%
- YTD
- 17.95%
- 1Y
- 47.33%
- 3Y*
- 27.55%
- 5Y*
- 19.02%
- 10Y*
- 14.54%
IPXJ.L vs. IJPE.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) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -10.82% | 25.42% |
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 17.95% | 44.44% | 14.53% | 37.02% | -11.11% | 3.87% | 18.57% | 13.15% | -20.81% | 35.54% |
Correlation
The correlation between IPXJ.L and IJPE.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.61 |
The correlation between IPXJ.L and IJPE.L has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. IJPE.L — Risk / Return Rank
IPXJ.L
IJPE.L
IPXJ.L vs. IJPE.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 MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.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 | IJPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.39 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 3.94 | -2.12 |
| Martin ratioReturn relative to average drawdown | 4.92 | 13.02 | -8.10 |
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Drawdowns
IPXJ.L vs. IJPE.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, roughly equal to the maximum IJPE.L drawdown of -40.48%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and IJPE.L.
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Drawdown Indicators
| IPXJ.L | IJPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -40.48% | +1.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -11.96% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -20.61% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -27.70% | +3.26% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | -40.48% | +1.55% |
Current DrawdownCurrent decline from peak | -1.69% | -3.09% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -11.56% | +2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 3.63% | -0.48% |
Volatility
IPXJ.L vs. IJPE.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.37%, while iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) has a volatility of 7.28%. This indicates that IPXJ.L experiences smaller price fluctuations and is considered to be less risky than IJPE.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 | IJPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 7.28% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 17.68% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 22.06% | -8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 20.94% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 19.98% | -2.27% |
IPXJ.L vs. IJPE.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is lower than IJPE.L's 0.64% expense ratio.
Dividends
IPXJ.L vs. IJPE.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 3.56%, while IJPE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJPE.L iShares MSCI Japan EUR Hedged UCITS ETF Accumulating | 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) | 3.56% | 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
IPXJ.L and IJPE.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPXJ.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPXJ.L is cheaper with a 0.60% expense ratio, compared with 0.64% for IJPE.L.
IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist), while IJPE.L tracks MSCI Japan Index. Their fees differ too: 0.60% for IPXJ.L and 0.64% for IJPE.L.
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