ISJP.L vs. IDJP.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds from iShares - ISJP.L tracks the MSCI Japan Small Cap NR JPY while IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, ISJP.L returned 7.81%/yr vs 7.79%/yr for IDJP.L. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.58% expense ratio.
Performance
ISJP.L vs. IDJP.L - Performance Comparison
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Different Trading Currencies
ISJP.L is traded in GBp, while IDJP.L is traded in USD. To make them comparable, the IDJP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ISJP.L having a 15.86% return and IDJP.L slightly lower at 15.39%. Both investments have delivered pretty close results over the past 10 years, with ISJP.L having a 7.81% annualized return and IDJP.L not far behind at 7.79%.
ISJP.L
- 1D
- -1.43%
- 1M
- 0.99%
- 6M
- 11.28%
- YTD
- 15.86%
- 1Y
- 30.28%
- 3Y*
- 16.50%
- 5Y*
- 8.27%
- 10Y*
- 7.81%
IDJP.L
- 1D
- 0.00%
- 1M
- 0.27%
- 6M
- 10.65%
- YTD
- 15.39%
- 1Y
- 29.60%
- 3Y*
- 16.33%
- 5Y*
- 8.22%
- 10Y*
- 7.79%
ISJP.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.86% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 4.51% | 13.94% | -11.99% | 19.35% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 15.39% | 20.45% | 5.13% | 7.85% | -2.29% | -2.37% | 4.96% | 13.19% | -11.81% | 20.31% |
Correlation
The correlation between ISJP.L and IDJP.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 9, 2008 | 0.85 |
The correlation between ISJP.L and IDJP.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
ISJP.L vs. IDJP.L — Risk / Return Rank
ISJP.L
IDJP.L
ISJP.L vs. IDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.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.
| ISJP.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.54 | +0.24 |
| Martin ratioReturn relative to average drawdown | 9.16 | 8.23 | +0.94 |
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Drawdowns
ISJP.L vs. IDJP.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -62.77%, which is greater than IDJP.L's maximum drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for ISJP.L and IDJP.L.
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Drawdown Indicators
| ISJP.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.77% | -31.52% | -31.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -11.59% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -11.59% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -21.29% | +0.28% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -30.85% | +1.87% |
Current DrawdownCurrent decline from peak | -3.03% | -3.51% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -6.72% | -13.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.58% | -0.28% |
Volatility
ISJP.L vs. IDJP.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) have volatilities of 4.85% and 5.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISJP.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 5.09% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 15.35% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 17.37% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 15.14% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 16.46% | -0.99% |
ISJP.L vs. IDJP.L - Expense Ratio Comparison
Both ISJP.L and IDJP.L have an expense ratio of 0.58%.
Dividends
ISJP.L vs. IDJP.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 0.86%, less than IDJP.L's 1.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.85% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.86% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
Frequently Asked Questions
With a correlation of 0.90, ISJP.L and IDJP.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.
Both ETFs have the same 0.58% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ISJP.L and IDJP.L have the same expense ratio: 0.58% per year.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist).
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