IPXJ.L vs. VJPU.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) are both Japan Equities funds - IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) while VJPU.L tracks the FTSE Japan (USD Hedged). Both are passively managed. Over the past 5 years, IPXJ.L returned 5.56%/yr vs 22.28%/yr for VJPU.L. A 0.57 correlation means they provide meaningful diversification when combined. IPXJ.L charges 0.60%/yr vs 0.20%/yr for VJPU.L.
Performance
IPXJ.L vs. VJPU.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPXJ.L achieves a 10.20% return, which is significantly lower than VJPU.L's 21.68% 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%
VJPU.L
- 1D
- -1.00%
- 1M
- 1.01%
- 6M
- 14.24%
- YTD
- 21.68%
- 1Y
- 52.01%
- 3Y*
- 29.40%
- 5Y*
- 22.28%
- 10Y*
- —
IPXJ.L vs. VJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 8.03% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 21.68% | 31.51% | 23.81% | 35.67% | -2.33% | 12.22% | 11.64% |
Correlation
The correlation between IPXJ.L and VJPU.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2020 | 0.57 |
The correlation between IPXJ.L and VJPU.L has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. VJPU.L — Risk / Return Rank
IPXJ.L
VJPU.L
IPXJ.L vs. VJPU.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 Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.46 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 5.41 | -3.59 |
| Martin ratioReturn relative to average drawdown | 4.92 | 18.53 | -13.61 |
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Drawdowns
IPXJ.L vs. VJPU.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, which is greater than VJPU.L's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and VJPU.L.
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Drawdown Indicators
| IPXJ.L | VJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -27.53% | -11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -9.57% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -21.44% | +2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -21.44% | -3.00% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -2.71% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -4.11% | -4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.80% | +0.35% |
Volatility
IPXJ.L vs. VJPU.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.37%, while Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) has a volatility of 6.34%. This indicates that IPXJ.L experiences smaller price fluctuations and is considered to be less risky than VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 6.34% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 15.82% | -4.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 19.88% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 18.51% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 19.59% | -1.88% |
IPXJ.L vs. VJPU.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than VJPU.L's 0.20% expense ratio.
Dividends
IPXJ.L vs. VJPU.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 3.56%, while VJPU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged 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% |
Frequently Asked Questions
IPXJ.L and VJPU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VJPU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPU.L is cheaper with a 0.20% expense ratio, compared with 0.60% for IPXJ.L.
IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist), while VJPU.L tracks FTSE Japan (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.60% for IPXJ.L and 0.20% for VJPU.L.
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