VJPU.L vs. IDJP.L
VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds - VJPU.L tracks the FTSE Japan (USD Hedged) while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 5 years, VJPU.L returned 21.55%/yr vs 7.23%/yr for IDJP.L. A 0.72 correlation means they provide meaningful diversification when combined. VJPU.L charges 0.20%/yr vs 0.58%/yr for IDJP.L.
Performance
VJPU.L vs. IDJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, VJPU.L achieves a 18.13% return, which is significantly higher than IDJP.L's 12.62% return.
VJPU.L
- 1D
- -2.11%
- 1M
- -3.69%
- 6M
- 10.66%
- YTD
- 18.13%
- 1Y
- 46.51%
- 3Y*
- 27.54%
- 5Y*
- 21.55%
- 10Y*
- —
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%
VJPU.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 18.13% | 31.51% | 23.81% | 35.67% | -2.33% | 12.22% | 11.64% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 12.07% |
Correlation
The correlation between VJPU.L and IDJP.L is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2020 | 0.72 |
The correlation between VJPU.L and IDJP.L has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
VJPU.L vs. IDJP.L — Risk / Return Rank
VJPU.L
IDJP.L
VJPU.L vs. IDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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.
| VJPU.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 2.09 | +2.75 |
| Martin ratioReturn relative to average drawdown | 16.40 | 6.67 | +9.73 |
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Drawdowns
VJPU.L vs. IDJP.L - Drawdown Comparison
The maximum VJPU.L drawdown since its inception was -27.53%, smaller than the maximum IDJP.L drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for VJPU.L and IDJP.L.
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Drawdown Indicators
| VJPU.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.53% | -39.64% | +12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -12.50% | +2.93% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -12.50% | -8.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -32.90% | +11.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.78% | — |
Current DrawdownCurrent decline from peak | -5.55% | -4.95% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -10.76% | +6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.93% | -1.10% |
Volatility
VJPU.L vs. IDJP.L - Volatility Comparison
Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) has a higher volatility of 6.52% compared to iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) at 5.64%. This indicates that VJPU.L's price experiences larger fluctuations and is considered to be riskier 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
| VJPU.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 5.64% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 15.91% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 18.26% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 16.36% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 16.66% | +2.94% |
VJPU.L vs. IDJP.L - Expense Ratio Comparison
VJPU.L has a 0.20% expense ratio, which is lower than IDJP.L's 0.58% expense ratio.
Dividends
VJPU.L vs. IDJP.L - Dividend Comparison
VJPU.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% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged 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
VJPU.L and IDJP.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VJPU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPU.L is cheaper with a 0.20% expense ratio, compared with 0.58% for IDJP.L.
VJPU.L tracks FTSE Japan (USD Hedged), while IDJP.L tracks MSCI Japan Small Cap Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.20% for VJPU.L and 0.58% for IDJP.L.
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