IS0X.DE vs. EWJ
IS0X.DE (iShares Global Corporate Bond UCITS ETF) and EWJ (iShares MSCI Japan ETF) are both exchange-traded funds - IS0X.DE is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate, while EWJ is a Japan Equities fund tracking the MSCI Japan Index. Both are passively managed. Over the past 10 years, IS0X.DE returned 1.91%/yr vs 8.65%/yr for EWJ. At a 0.24 correlation, their price movements are largely independent. IS0X.DE charges 0.20%/yr vs 0.49%/yr for EWJ.
Performance
IS0X.DE vs. EWJ - Performance Comparison
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Different Trading Currencies
IS0X.DE is traded in EUR, while EWJ is traded in USD. To make them comparable, the EWJ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS0X.DE achieves a 1.22% return, which is significantly lower than EWJ's 14.57% return. Over the past 10 years, IS0X.DE has underperformed EWJ with an annualized return of 1.91%, while EWJ has yielded a comparatively higher 8.65% annualized return.
IS0X.DE
- 1D
- 0.05%
- 1M
- 0.85%
- YTD
- 1.22%
- 6M
- 0.79%
- 1Y
- 3.24%
- 3Y*
- 3.01%
- 5Y*
- 0.99%
- 10Y*
- 1.91%
EWJ
- 1D
- -2.85%
- 1M
- 0.91%
- YTD
- 14.57%
- 6M
- 13.62%
- 1Y
- 28.42%
- 3Y*
- 13.43%
- 5Y*
- 9.22%
- 10Y*
- 8.65%
IS0X.DE vs. EWJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS0X.DE iShares Global Corporate Bond UCITS ETF | 1.22% | -2.16% | 7.10% | 5.53% | -11.18% | 4.80% | 0.18% | 14.28% | 0.50% | -4.36% |
EWJ iShares MSCI Japan ETF | 14.57% | 10.91% | 14.10% | 16.69% | -12.62% | 8.72% | 5.89% | 22.03% | -10.07% | 8.99% |
Correlation
The correlation between IS0X.DE and EWJ is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.24 |
The correlation between IS0X.DE and EWJ shifts across timeframes, from 0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS0X.DE vs. EWJ — Risk / Return Rank
IS0X.DE
EWJ
IS0X.DE vs. EWJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corporate Bond UCITS ETF (IS0X.DE) and iShares MSCI Japan ETF (EWJ). 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.
| IS0X.DE | EWJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.52 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.02 | 8.83 | -5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS0X.DE | EWJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.56 | -0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.54 | -0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.51 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.27 | +0.12 |
Drawdowns
IS0X.DE vs. EWJ - Drawdown Comparison
The maximum IS0X.DE drawdown since its inception was -13.65%, smaller than the maximum EWJ drawdown of -46.15%. Use the drawdown chart below to compare losses from any high point for IS0X.DE and EWJ.
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Drawdown Indicators
| IS0X.DE | EWJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.65% | -46.15% | +32.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.08% | -11.34% | +9.26% |
Max Drawdown (3Y)Largest decline over 3 years | -8.54% | -16.38% | +7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.05% | -19.48% | +6.43% |
Max Drawdown (10Y)Largest decline over 10 years | -13.65% | -29.30% | +15.65% |
Current DrawdownCurrent decline from peak | -3.15% | -2.85% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -11.99% | +7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.23% | -2.26% |
Volatility
IS0X.DE vs. EWJ - Volatility Comparison
The current volatility for iShares Global Corporate Bond UCITS ETF (IS0X.DE) is 1.13%, while iShares MSCI Japan ETF (EWJ) has a volatility of 4.13%. This indicates that IS0X.DE experiences smaller price fluctuations and is considered to be less risky than EWJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS0X.DE | EWJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 4.13% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 13.98% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.38% | 18.30% | -13.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.46% | 17.17% | -10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.56% | 17.08% | -10.52% |
IS0X.DE vs. EWJ - Expense Ratio Comparison
IS0X.DE has a 0.20% expense ratio, which is lower than EWJ's 0.49% expense ratio.
Dividends
IS0X.DE vs. EWJ - Dividend Comparison
IS0X.DE's dividend yield for the trailing twelve months is around 4.25%, more than EWJ's 4.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJ iShares MSCI Japan ETF | 4.03% | 4.52% | 2.34% | 2.03% | 1.23% | 2.08% | 1.04% | 2.03% | 1.71% | 1.25% | 1.95% | 1.27% |
IS0X.DE iShares Global Corporate Bond UCITS ETF | 4.25% | 4.22% | 3.80% | 3.35% | 2.65% | 2.03% | 2.45% | 2.68% | 2.59% | 2.64% | 2.57% | 2.61% |
Frequently Asked Questions
IS0X.DE and EWJ have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS0X.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS0X.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for EWJ.
IS0X.DE is categorized as Global Corporate Bonds, while EWJ is Japan Equities. IS0X.DE tracks Bloomberg Global Aggregate Corporate, while EWJ tracks MSCI Japan Index. Their fees differ too: 0.20% for IS0X.DE and 0.49% for EWJ.
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