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XMBR.L vs. IJPN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XMBR.L vs. IJPN.L

Last updated Jun 5, 2026

XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) and IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) are both exchange-traded funds - XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while IJPN.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, XMBR.L returned 8.80%/yr vs 10.48%/yr for IJPN.L. At a 0.37 correlation, their price movements are largely independent. XMBR.L charges 0.65%/yr vs 0.59%/yr for IJPN.L.

Performance

XMBR.L vs. IJPN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XMBR.L achieves a 9.05% return, which is significantly lower than IJPN.L's 16.83% return. Over the past 10 years, XMBR.L has underperformed IJPN.L with an annualized return of 8.80%, while IJPN.L has yielded a comparatively higher 10.48% annualized return.

XMBR.L

1D
-0.49%
1M
-11.96%
YTD
9.05%
6M
3.14%
1Y
34.54%
3Y*
8.46%
5Y*
5.76%
10Y*
8.80%

IJPN.L

1D
-0.35%
1M
6.24%
YTD
16.83%
6M
16.02%
1Y
34.98%
3Y*
16.17%
5Y*
10.52%
10Y*
10.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XMBR.L vs. IJPN.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XMBR.L
Xtrackers MSCI Brazil UCITS ETF 1C		9.05%38.26%-28.61%25.42%25.85%-17.12%-21.96%20.39%4.70%12.88%
IJPN.L
iShares MSCI Japan UCITS ETF (Dist)		16.83%18.18%9.39%14.03%-7.13%2.20%12.46%14.55%-8.45%13.27%

Correlation

The correlation between XMBR.L and IJPN.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

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

0.33

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

0.32

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

0.38

Correlation (All Time)
Calculated using the full available price history since Sep 10, 2007

0.37

XMBR.L vs. IJPN.L - Sectors Allocation Comparison

Sectors
XMBR.L
IJPN.L

Financial Services

33.2%
18.2%

Energy

18.9%
1.0%

Basic Materials

13.7%
2.9%

Utilities

12.7%
1.0%

Industrials

10.8%
24.8%

Consumer Defensive

4.2%
3.5%

Healthcare

2.2%
5.9%

Communication Services

2.0%
8.7%

Consumer Cyclical

1.3%
11.9%

Technology

1.1%
20.3%

Real Estate

-

1.9%

Financial Services

XMBR.L
33.2%
IJPN.L
18.2%

Energy

XMBR.L
18.9%
IJPN.L
1.0%

Basic Materials

XMBR.L
13.7%
IJPN.L
2.9%

Utilities

XMBR.L
12.7%
IJPN.L
1.0%

Industrials

XMBR.L
10.8%
IJPN.L
24.8%

Consumer Defensive

XMBR.L
4.2%
IJPN.L
3.5%

Healthcare

XMBR.L
2.2%
IJPN.L
5.9%

Communication Services

XMBR.L
2.0%
IJPN.L
8.7%

Consumer Cyclical

XMBR.L
1.3%
IJPN.L
11.9%

Technology

XMBR.L
1.1%
IJPN.L
20.3%

Real Estate

XMBR.L

-

IJPN.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers MSCI Brazil UCITS ETF 1C

iShares MSCI Japan UCITS ETF (Dist)

Often compared with XMBR.L:
XMBR.L vs. IUSC.DEXMBR.L vs. XMLA.LXMBR.L vs. ALAU.LXMBR.L vs. FVUB.LXMBR.L vs. DLTM.LXMBR.L vs. LTAM.LXMBR.L vs. ALAG.L
Often compared with IJPN.L:
IJPN.L vs. EWJIJPN.L vs. CSJP.LIJPN.L vs. VJPU.LIJPN.L vs. ICHN.ASIJPN.L vs. WLDL.LIJPN.L vs. IWRD.ASIJPN.L vs. XESC.DE

Return for Risk

XMBR.L vs. IJPN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XMBR.L
XMBR.L Risk / Return Rank: 4545
Overall Rank
XMBR.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
XMBR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
XMBR.L Omega Ratio Rank: 4545
Omega Ratio Rank
XMBR.L Calmar Ratio Rank: 4444
Calmar Ratio Rank
XMBR.L Martin Ratio Rank: 4545
Martin Ratio Rank
IJPN.L
IJPN.L Risk / Return Rank: 6060
Overall Rank
IJPN.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IJPN.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
IJPN.L Omega Ratio Rank: 5959
Omega Ratio Rank
IJPN.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
IJPN.L Martin Ratio Rank: 6060
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.

XMBR.L vs. IJPN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.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.

XMBR.LIJPN.LDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.88

-0.25

Sortino ratioReturn per unit of downside risk
2.21
2.71

-0.51

Omega ratioGain probability vs. loss probability

1.29

1.36

-0.07

Calmar ratioReturn relative to maximum drawdown

2.14

3.22

-1.08

Martin ratioReturn relative to average drawdown

7.28

10.52

-3.23

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

XMBR.L vs. IJPN.L - Sharpe Ratio Comparison

The current XMBR.L Sharpe Ratio is 1.63, which is comparable to the IJPN.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of XMBR.L and IJPN.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

XMBR.LIJPN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.63

1.88

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.66

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

0.65

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.42

-0.32

Drawdowns

XMBR.L vs. IJPN.L - Drawdown Comparison

The maximum XMBR.L drawdown since its inception was -72.01%, which is greater than IJPN.L's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for XMBR.L and IJPN.L.

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Drawdown Indicators

XMBR.LIJPN.LDifference

Max Drawdown

Largest peak-to-trough decline

-72.01%

-39.73%

-32.28%

Max Drawdown (1Y)

Largest decline over 1 year

-16.06%

-10.80%

-5.26%

Max Drawdown (3Y)

Largest decline over 3 years

-29.72%

-14.09%

-15.63%

Max Drawdown (5Y)

Largest decline over 5 years

-30.62%

-18.57%

-12.05%

Max Drawdown (10Y)

Largest decline over 10 years

-53.50%

-24.34%

-29.16%

Current Drawdown

Current decline from peak

-16.06%

-0.35%

-15.71%

Average Drawdown

Average peak-to-trough decline

-27.83%

-10.09%

-17.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.73%

3.32%

+1.41%

Volatility

XMBR.L vs. IJPN.L - Volatility Comparison

Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a higher volatility of 5.57% compared to iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) at 3.88%. This indicates that XMBR.L's price experiences larger fluctuations and is considered to be riskier than IJPN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XMBR.LIJPN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.57%

3.88%

+1.69%

Volatility (6M)

Calculated over the trailing 6-month period

17.44%

15.00%

+2.44%

Volatility (1Y)

Calculated over the trailing 1-year period

21.08%

18.54%

+2.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.88%

15.88%

+10.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.26%

15.98%

+15.28%

XMBR.L vs. IJPN.L - Expense Ratio Comparison

XMBR.L has a 0.65% expense ratio, which is higher than IJPN.L's 0.59% expense ratio.

Dividends

XMBR.L vs. IJPN.L - Dividend Comparison

XMBR.L has not paid dividends to shareholders, while IJPN.L's dividend yield for the trailing twelve months is around 2.03%.

PositionTTM20252024202320222021202020192018201720162015
IJPN.L
iShares MSCI Japan UCITS ETF (Dist)		2.03%2.25%1.95%1.81%2.10%1.66%1.75%1.90%1.89%1.53%1.55%0.87%
XMBR.L
Xtrackers MSCI Brazil UCITS ETF 1C		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

XMBR.L and IJPN.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJPN.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJPN.L is cheaper with a 0.59% expense ratio, compared with 0.65% for XMBR.L.

XMBR.L is categorized as Latin America Equities, while IJPN.L is Japan Equities. XMBR.L tracks MSCI Brazil NR USD, while IJPN.L tracks TOPIX TR JPY. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XMBR.L and 0.59% for IJPN.L.

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