PAJS.L vs. IDFF.L
PAJS.L (Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc) and IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) are both Japan Equities funds - PAJS.L tracks the TOPIX TR JPY while IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF. Both are passively managed. Over the past 3 years, PAJS.L returned 9.52%/yr vs 23.30%/yr for IDFF.L. At a 0.41 correlation, their price movements are largely independent. PAJS.L charges 0.19%/yr vs 0.74%/yr for IDFF.L.
Performance
PAJS.L vs. IDFF.L - Performance Comparison
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Different Trading Currencies
PAJS.L is traded in GBp, while IDFF.L is traded in USD. To make them comparable, the IDFF.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAJS.L achieves a 10,891.43% return, which is significantly higher than IDFF.L's 28.62% return.
PAJS.L
- 1D
- 0.90%
- 1M
- 0.76%
- 6M
- 5.25%
- YTD
- 10,891.43%
- 1Y
- 23.35%
- 3Y*
- 9.52%
- 5Y*
- —
- 10Y*
- —
IDFF.L
- 1D
- 0.00%
- 1M
- -7.57%
- 6M
- 20.19%
- YTD
- 28.62%
- 1Y
- 49.10%
- 3Y*
- 23.30%
- 5Y*
- 7.86%
- 10Y*
- 9.62%
PAJS.L vs. IDFF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | 10,891.43% | -98.87% | 0.76% | 8.67% | -13.67% | -28.63% |
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 28.62% | 29.55% | 14.11% | -3.61% | -12.49% | -0.64% |
Correlation
The correlation between PAJS.L and IDFF.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021 | 0.41 |
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Return for Risk
PAJS.L vs. IDFF.L — Risk / Return Rank
PAJS.L
IDFF.L
PAJS.L vs. IDFF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) and iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.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.
| PAJS.L | IDFF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | +280.29 | ||
| Omega ratioGain probability vs. loss probability | 89.67 | 1.38 | +88.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 4.40 | -4.17 |
| Martin ratioReturn relative to average drawdown | 0.47 | 12.07 | -11.59 |
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Drawdowns
PAJS.L vs. IDFF.L - Drawdown Comparison
The maximum PAJS.L drawdown since its inception was -99.32%, which is greater than IDFF.L's maximum drawdown of -51.16%. Use the drawdown chart below to compare losses from any high point for PAJS.L and IDFF.L.
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Drawdown Indicators
| PAJS.L | IDFF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.32% | -51.16% | -48.16% |
Max Drawdown (1Y)Largest decline over 1 year | -99.06% | -11.18% | -87.88% |
Max Drawdown (3Y)Largest decline over 3 years | -99.06% | -19.80% | -79.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.79% | — |
Current DrawdownCurrent decline from peak | -16.02% | -11.18% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -35.72% | -12.96% | -22.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.77% | 4.09% | +44.68% |
Volatility
PAJS.L vs. IDFF.L - Volatility Comparison
The current volatility for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) is 7.24%, while iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) has a volatility of 10.40%. This indicates that PAJS.L experiences smaller price fluctuations and is considered to be less risky than IDFF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAJS.L | IDFF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 10.40% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1,130.17% | 20.87% | +1,109.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 27,873.17% | 23.62% | +27,849.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13,124.87% | 20.66% | +13,104.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13,124.87% | 20.11% | +13,104.76% |
PAJS.L vs. IDFF.L - Expense Ratio Comparison
PAJS.L has a 0.19% expense ratio, which is lower than IDFF.L's 0.74% expense ratio.
Dividends
PAJS.L vs. IDFF.L - Dividend Comparison
PAJS.L has not paid dividends to shareholders, while IDFF.L's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | 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
PAJS.L and IDFF.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAJS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAJS.L is cheaper with a 0.19% expense ratio, compared with 0.74% for IDFF.L.
PAJS.L tracks TOPIX TR JPY, while IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for PAJS.L and 0.74% for IDFF.L.
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