JPNL.L vs. IDJP.L
JPNL.L (Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds - JPNL.L tracks the TOPIX TR JPY while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 10 years, JPNL.L returned 8.30%/yr vs 7.42%/yr for IDJP.L. A 0.64 correlation means they provide meaningful diversification when combined. JPNL.L charges 0.45%/yr vs 0.58%/yr for IDJP.L.
Performance
JPNL.L vs. IDJP.L - Performance Comparison
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Different Trading Currencies
JPNL.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
In the year-to-date period, JPNL.L achieves a 12.08% return, which is significantly lower than IDJP.L's 12.78% return. Over the past 10 years, JPNL.L has outperformed IDJP.L with an annualized return of 8.30%, while IDJP.L has yielded a comparatively lower 7.42% annualized return.
JPNL.L
- 1D
- -1.88%
- 1M
- -4.36%
- 6M
- 5.39%
- YTD
- 12.08%
- 1Y
- 28.20%
- 3Y*
- 14.74%
- 5Y*
- 9.00%
- 10Y*
- 8.30%
IDJP.L
- 1D
- -2.22%
- 1M
- -4.14%
- 6M
- 7.39%
- YTD
- 12.78%
- 1Y
- 25.89%
- 3Y*
- 14.74%
- 5Y*
- 7.72%
- 10Y*
- 7.42%
JPNL.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPNL.L Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR | 12.08% | 17.96% | 7.75% | 13.02% | -5.78% | 0.85% | 10.24% | 13.26% | -9.85% | 14.89% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.78% | 20.45% | 5.13% | 7.85% | -2.29% | -2.37% | 4.96% | 13.19% | -11.81% | 20.31% |
Correlation
The correlation between JPNL.L and IDJP.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 9, 2008 | 0.64 |
The correlation between JPNL.L and IDJP.L shifts across timeframes, from 0.64 (all time) to 0.85 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
JPNL.L vs. IDJP.L — Risk / Return Rank
JPNL.L
IDJP.L
JPNL.L vs. IDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.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.
| JPNL.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.22 | +0.42 |
| Martin ratioReturn relative to average drawdown | 8.10 | 7.18 | +0.91 |
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Drawdowns
JPNL.L vs. IDJP.L - Drawdown Comparison
The maximum JPNL.L drawdown since its inception was -38.87%, 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 JPNL.L and IDJP.L.
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Drawdown Indicators
| JPNL.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.87% | -31.52% | -7.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.63% | -11.59% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -11.59% | -1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -21.29% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -25.42% | -30.85% | +5.43% |
Current DrawdownCurrent decline from peak | -6.34% | -5.69% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -6.72% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.60% | -0.13% |
Volatility
JPNL.L vs. IDJP.L - Volatility Comparison
Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR (JPNL.L) and iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) have volatilities of 5.79% and 5.53%, 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
| JPNL.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.53% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.28% | 15.50% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.36% | 17.53% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 15.17% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 16.47% | -0.63% |
JPNL.L vs. IDJP.L - Expense Ratio Comparison
JPNL.L has a 0.45% expense ratio, which is lower than IDJP.L's 0.58% expense ratio.
Dividends
JPNL.L vs. IDJP.L - Dividend Comparison
JPNL.L's dividend yield for the trailing twelve months is around 0.64%, less than IDJP.L's 1.00% 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) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
JPNL.L Lyxor Japan (TOPIX) (DR) UCITS ETF - Dist EUR | 0.64% | 0.71% | 0.73% | 1.23% | 1.83% | 1.37% | 1.14% | 2.01% | 1.84% | 1.43% | 1.97% | 1.77% |
Frequently Asked Questions
JPNL.L and IDJP.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JPNL.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JPNL.L is cheaper with a 0.45% expense ratio, compared with 0.58% for IDJP.L.
JPNL.L tracks TOPIX TR JPY, while IDJP.L tracks MSCI Japan Small Cap Index (Net). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for JPNL.L and 0.58% for IDJP.L.
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