IWSZ.L vs. IDJP.L
IWSZ.L (iShares MSCI World Mid-Cap Equal Weight UCITS ETF) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both exchange-traded funds - IWSZ.L is a Mid Cap Blend Equities fund tracking the MSCI World Mid-Cap Equal Weighted Index, while IDJP.L is a Japan Equities fund tracking the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 10 years, IWSZ.L returned 8.35%/yr vs 7.71%/yr for IDJP.L. A 0.72 correlation means they provide meaningful diversification when combined. IWSZ.L charges 0.30%/yr vs 0.58%/yr for IDJP.L.
Performance
IWSZ.L vs. IDJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWSZ.L achieves a 7.23% return, which is significantly lower than IDJP.L's 12.62% return. Over the past 10 years, IWSZ.L has outperformed IDJP.L with an annualized return of 8.35%, while IDJP.L has yielded a comparatively lower 7.71% annualized return.
IWSZ.L
- 1D
- -0.45%
- 1M
- -0.02%
- 6M
- 4.58%
- YTD
- 7.23%
- 1Y
- 15.40%
- 3Y*
- 12.64%
- 5Y*
- 6.01%
- 10Y*
- 8.35%
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
IWSZ.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWSZ.L iShares MSCI World Mid-Cap Equal Weight UCITS ETF | 7.23% | 21.40% | 5.94% | 16.03% | -17.96% | 12.56% | 10.79% | 23.39% | -14.41% | 24.35% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -16.75% | 31.70% |
Correlation
The correlation between IWSZ.L and IDJP.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.72 |
The correlation between IWSZ.L and IDJP.L has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.
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Return for Risk
IWSZ.L vs. IDJP.L — Risk / Return Rank
IWSZ.L
IDJP.L
IWSZ.L vs. IDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Mid-Cap Equal Weight UCITS ETF (IWSZ.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.
| IWSZ.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.09 | -0.47 |
| Martin ratioReturn relative to average drawdown | 6.01 | 6.67 | -0.65 |
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Drawdowns
IWSZ.L vs. IDJP.L - Drawdown Comparison
The maximum IWSZ.L drawdown since its inception was -38.11%, roughly equal to the maximum IDJP.L drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for IWSZ.L and IDJP.L.
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Drawdown Indicators
| IWSZ.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.11% | -39.64% | +1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -12.50% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -12.50% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -30.13% | -32.90% | +2.77% |
Max Drawdown (10Y)Largest decline over 10 years | -38.11% | -36.78% | -1.33% |
Current DrawdownCurrent decline from peak | -0.92% | -4.95% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -6.81% | -10.76% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.93% | -1.37% |
Volatility
IWSZ.L vs. IDJP.L - Volatility Comparison
The current volatility for iShares MSCI World Mid-Cap Equal Weight UCITS ETF (IWSZ.L) is 3.25%, while iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) has a volatility of 5.64%. This indicates that IWSZ.L experiences smaller price fluctuations and is considered to be less risky than IDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWSZ.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 5.64% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 15.91% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 18.26% | -5.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 16.36% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.66% | -0.29% |
IWSZ.L vs. IDJP.L - Expense Ratio Comparison
IWSZ.L has a 0.30% expense ratio, which is lower than IDJP.L's 0.58% expense ratio.
Dividends
IWSZ.L vs. IDJP.L - Dividend Comparison
IWSZ.L has not paid dividends to shareholders, while IDJP.L's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
IWSZ.L iShares MSCI World Mid-Cap Equal Weight UCITS ETF | 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
IWSZ.L and IDJP.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWSZ.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWSZ.L is cheaper with a 0.30% expense ratio, compared with 0.58% for IDJP.L.
IWSZ.L is categorized as Mid Cap Blend Equities, while IDJP.L is Japan Equities. IWSZ.L tracks MSCI World Mid-Cap Equal Weighted Index, while IDJP.L tracks MSCI Japan Small Cap Index (Net). Their fees differ too: 0.30% for IWSZ.L and 0.58% for IDJP.L.
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