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XDNS.L vs. IJPH.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XDNS.L vs. IJPH.L

Last updated Jun 5, 2026

XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) and IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) are both Japan Equities funds - XDNS.L tracks the TOPIX TR JPY while IJPH.L tracks the MSCI Japan 100% Hedged to GBP Index. Both are passively managed. Over the past 10 years, XDNS.L returned 9.68%/yr vs 14.77%/yr for IJPH.L. A 0.67 correlation means they provide meaningful diversification when combined. XDNS.L charges 0.15%/yr vs 0.64%/yr for IJPH.L.

Performance

XDNS.L vs. IJPH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XDNS.L is traded in GBp, while IJPH.L is traded in GBP. To make them comparable, the IJPH.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XDNS.L achieves a 15.48% return, which is significantly lower than IJPH.L's 19.91% return. Over the past 10 years, XDNS.L has underperformed IJPH.L with an annualized return of 9.68%, while IJPH.L has yielded a comparatively higher 14.77% annualized return.

XDNS.L

1D
-0.57%
1M
6.27%
YTD
15.48%
6M
14.59%
1Y
32.42%
3Y*
14.60%
5Y*
9.38%
10Y*
9.68%

IJPH.L

1D
-0.37%
1M
6.95%
YTD
19.91%
6M
21.68%
1Y
52.45%
3Y*
28.46%
5Y*
20.45%
10Y*
14.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XDNS.L vs. IJPH.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XDNS.L
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D		15.48%16.58%9.87%11.58%-7.42%1.12%12.12%14.51%-10.22%14.74%
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		19.91%29.38%23.82%34.19%-4.30%11.94%9.27%15.95%-15.90%19.46%

Correlation

The correlation between XDNS.L and IJPH.L is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.65

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Aug 18, 2015

0.67

The correlation between XDNS.L and IJPH.L shifts across timeframes, from 0.65 (5 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.

XDNS.L vs. IJPH.L - Sectors Allocation Comparison

Sectors
XDNS.L
IJPH.L

Industrials

25.8%
26.0%

Technology

19.8%
19.1%

Financial Services

18.5%
17.5%

Consumer Cyclical

11.3%
12.2%

Communication Services

8.8%
7.9%

Healthcare

7.0%
6.3%

Basic Materials

3.2%
3.0%

Consumer Defensive

2.6%
3.6%

Real Estate

2.5%
2.3%

Utilities

0.6%
1.1%

Energy

-

1.1%

Industrials

XDNS.L
25.8%
IJPH.L
26.0%

Technology

XDNS.L
19.8%
IJPH.L
19.1%

Financial Services

XDNS.L
18.5%
IJPH.L
17.5%

Consumer Cyclical

XDNS.L
11.3%
IJPH.L
12.2%

Communication Services

XDNS.L
8.8%
IJPH.L
7.9%

Healthcare

XDNS.L
7.0%
IJPH.L
6.3%

Basic Materials

XDNS.L
3.2%
IJPH.L
3.0%

Consumer Defensive

XDNS.L
2.6%
IJPH.L
3.6%

Real Estate

XDNS.L
2.5%
IJPH.L
2.3%

Utilities

XDNS.L
0.6%
IJPH.L
1.1%

Energy

XDNS.L

-

IJPH.L
1.1%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Japan ESG Screened UCITS ETF 1D

iShares MSCI Japan GBP Hedged UCITS ETF

Often compared with XDNS.L:
XDNS.L vs. X7PP.LXDNS.L vs. XDJP.LXDNS.L vs. JPXNXDNS.L vs. IJPN.LXDNS.L vs. XBCU.LXDNS.L vs. XNNS.LXDNS.L vs. XCNA.L
Often compared with IJPH.L:
IJPH.L vs. SUJA.LIJPH.L vs. XSTC.LIJPH.L vs. XDJP.DEIJPH.L vs. EWJIJPH.L vs. XM1D.DEIJPH.L vs. ^N225IJPH.L vs. BRK-B

Return for Risk

XDNS.L vs. IJPH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XDNS.L
XDNS.L Risk / Return Rank: 6767
Overall Rank
XDNS.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
XDNS.L Sortino Ratio Rank: 6363
Sortino Ratio Rank
XDNS.L Omega Ratio Rank: 6565
Omega Ratio Rank
XDNS.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
XDNS.L Martin Ratio Rank: 6464
Martin Ratio Rank
IJPH.L
IJPH.L Risk / Return Rank: 8585
Overall Rank
IJPH.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
IJPH.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
IJPH.L Omega Ratio Rank: 8282
Omega Ratio Rank
IJPH.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
IJPH.L Martin Ratio Rank: 8888
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XDNS.L vs. IJPH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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.

XDNS.LIJPH.LDifference
Sharpe ratioReturn per unit of total volatility
2.09
2.62

-0.53

Sortino ratioReturn per unit of downside risk
2.91
3.72

-0.81

Omega ratioGain probability vs. loss probability

1.39

1.49

-0.10

Calmar ratioReturn relative to maximum drawdown

3.81

5.41

-1.60

Martin ratioReturn relative to average drawdown

11.43

19.27

-7.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDNS.L vs. IJPH.L - Sharpe Ratio Comparison

The current XDNS.L Sharpe Ratio is 2.09, which is comparable to the IJPH.L Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of XDNS.L and IJPH.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XDNS.LIJPH.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.09

2.62

-0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

1.07

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

0.77

-0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.73

-0.14

Drawdowns

XDNS.L vs. IJPH.L - Drawdown Comparison

The maximum XDNS.L drawdown since its inception was -24.75%, smaller than the maximum IJPH.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for XDNS.L and IJPH.L.

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Drawdown Indicators

XDNS.LIJPH.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.75%

-34.55%

+9.80%

Max Drawdown (1Y)

Largest decline over 1 year

-10.70%

-9.64%

-1.06%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-21.95%

+7.63%

Max Drawdown (5Y)

Largest decline over 5 years

-19.29%

-21.95%

+2.66%

Max Drawdown (10Y)

Largest decline over 10 years

-24.75%

-34.55%

+9.80%

Current Drawdown

Current decline from peak

-0.57%

-0.37%

-0.20%

Average Drawdown

Average peak-to-trough decline

-5.35%

-7.42%

+2.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.04%

2.71%

+1.33%

Volatility

XDNS.L vs. IJPH.L - Volatility Comparison

Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a higher volatility of 3.89% compared to iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) at 3.51%. This indicates that XDNS.L's price experiences larger fluctuations and is considered to be riskier than IJPH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XDNS.LIJPH.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.89%

3.51%

+0.38%

Volatility (6M)

Calculated over the trailing 6-month period

14.64%

15.39%

-0.75%

Volatility (1Y)

Calculated over the trailing 1-year period

19.56%

19.98%

-0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.83%

19.01%

-1.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.31%

19.24%

-1.93%

XDNS.L vs. IJPH.L - Expense Ratio Comparison

XDNS.L has a 0.15% expense ratio, which is lower than IJPH.L's 0.64% expense ratio.

Dividends

XDNS.L vs. IJPH.L - Dividend Comparison

XDNS.L's dividend yield for the trailing twelve months is around 1.43%, while IJPH.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XDNS.L
Xtrackers MSCI Japan ESG Screened UCITS ETF 1D		1.43%1.63%1.65%1.81%2.83%1.46%1.79%1.77%1.20%1.97%0.64%

Frequently Asked Questions

XDNS.L and IJPH.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.64% for IJPH.L.

XDNS.L tracks TOPIX TR JPY, while IJPH.L tracks MSCI Japan 100% Hedged to GBP Index. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XDNS.L and 0.64% for IJPH.L.

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