MXJP.L vs. GLD
Compare and contrast key facts about Invesco MSCI Japan UCITS ETF (MXJP.L) and SPDR Gold Shares (GLD).
MXJP.L and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXJP.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Apr 2, 2009. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. Both MXJP.L and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
MXJP.L vs. GLD - Performance Comparison
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MXJP.L vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXJP.L Invesco MSCI Japan UCITS ETF | 2.23% | 25.85% | 7.21% | 20.47% | -17.12% | 0.75% | 16.23% | 18.11% | -13.56% | 24.18% |
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Returns By Period
In the year-to-date period, MXJP.L achieves a 2.23% return, which is significantly lower than GLD's 8.57% return. Over the past 10 years, MXJP.L has underperformed GLD with an annualized return of 8.65%, while GLD has yielded a comparatively higher 13.92% annualized return.
MXJP.L
- 1D
- 0.09%
- 1M
- -11.08%
- YTD
- 2.23%
- 6M
- 7.13%
- 1Y
- 26.55%
- 3Y*
- 15.64%
- 5Y*
- 6.39%
- 10Y*
- 8.65%
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
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MXJP.L vs. GLD - Expense Ratio Comparison
MXJP.L has a 0.19% expense ratio, which is lower than GLD's 0.40% expense ratio.
Return for Risk
MXJP.L vs. GLD — Risk / Return Rank
MXJP.L
GLD
MXJP.L vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (MXJP.L) and SPDR Gold Shares (GLD). 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.
| MXJP.L | GLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.79 | -0.51 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.21 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.10 | 2.68 | -0.58 |
Martin ratioReturn relative to average drawdown | 7.40 | 9.90 | -2.51 |
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
| MXJP.L | GLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.79 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 1.22 | -0.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.88 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.62 | -0.17 |
Correlation
The correlation between MXJP.L and GLD is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MXJP.L vs. GLD - Dividend Comparison
Neither MXJP.L nor GLD has paid dividends to shareholders.
Drawdowns
MXJP.L vs. GLD - Drawdown Comparison
The maximum MXJP.L drawdown since its inception was -32.48%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for MXJP.L and GLD.
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Drawdown Indicators
| MXJP.L | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.48% | -45.56% | +13.08% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -19.21% | +6.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.48% | -21.03% | -11.45% |
Max Drawdown (10Y)Largest decline over 10 years | -32.48% | -22.00% | -10.48% |
Current DrawdownCurrent decline from peak | -11.93% | -13.23% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -16.17% | +8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 5.20% | -1.60% |
Volatility
MXJP.L vs. GLD - Volatility Comparison
The current volatility for Invesco MSCI Japan UCITS ETF (MXJP.L) is 9.73%, while SPDR Gold Shares (GLD) has a volatility of 11.06%. This indicates that MXJP.L experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXJP.L | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.73% | 11.06% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 24.30% | -9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.73% | 27.80% | -7.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 17.74% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 15.87% | +1.22% |