XMJP.L vs. INAA.AS
XMJP.L (Xtrackers MSCI Japan UCITS ETF 1C) and INAA.AS (iShares MSCI North America UCITS ETF) are both exchange-traded funds - XMJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while INAA.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, XMJP.L returned 10.26%/yr vs 15.35%/yr for INAA.AS. A 0.53 correlation means they provide meaningful diversification when combined. XMJP.L charges 0.20%/yr vs 0.40%/yr for INAA.AS.
Performance
XMJP.L vs. INAA.AS - Performance Comparison
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Different Trading Currencies
XMJP.L is traded in GBp, while INAA.AS is traded in EUR. To make them comparable, the INAA.AS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMJP.L achieves a 16.45% return, which is significantly higher than INAA.AS's 10.42% return. Over the past 10 years, XMJP.L has underperformed INAA.AS with an annualized return of 10.26%, while INAA.AS has yielded a comparatively higher 15.35% annualized return.
XMJP.L
- 1D
- -0.26%
- 1M
- 6.26%
- YTD
- 16.45%
- 6M
- 15.56%
- 1Y
- 34.15%
- 3Y*
- 15.63%
- 5Y*
- 10.23%
- 10Y*
- 10.26%
INAA.AS
- 1D
- 0.06%
- 1M
- 5.40%
- YTD
- 10.42%
- 6M
- 9.99%
- 1Y
- 28.29%
- 3Y*
- 18.74%
- 5Y*
- 14.03%
- 10Y*
- 15.35%
XMJP.L vs. INAA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C | 16.45% | 17.49% | 9.14% | 13.88% | -7.09% | 2.11% | 12.34% | 14.37% | -8.64% | 13.19% |
INAA.AS iShares MSCI North America UCITS ETF | 10.42% | 9.57% | 26.91% | 18.53% | -10.45% | 29.37% | 15.40% | 24.82% | -0.64% | 10.53% |
Correlation
The correlation between XMJP.L and INAA.AS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | 0.53 |
The correlation between XMJP.L and INAA.AS shifts across timeframes, from 0.36 (1 year) to 0.58 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
XMJP.L vs. INAA.AS — Risk / Return Rank
XMJP.L
INAA.AS
XMJP.L vs. INAA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L) and iShares MSCI North America UCITS ETF (INAA.AS). 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.
| XMJP.L | INAA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 3.88 | -0.69 |
| Martin ratioReturn relative to average drawdown | 10.22 | 13.94 | -3.72 |
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
| XMJP.L | INAA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.57 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.93 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.94 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.68 | -0.28 |
Drawdowns
XMJP.L vs. INAA.AS - Drawdown Comparison
The maximum XMJP.L drawdown since its inception was -28.91%, smaller than the maximum INAA.AS drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for XMJP.L and INAA.AS.
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Drawdown Indicators
| XMJP.L | INAA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -35.79% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.65% | -7.19% | -3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -14.29% | -22.11% | +7.82% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -22.11% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -24.22% | -27.09% | +2.87% |
Current DrawdownCurrent decline from peak | -0.26% | -0.20% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -4.95% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.01% | +1.32% |
Volatility
XMJP.L vs. INAA.AS - Volatility Comparison
Xtrackers MSCI Japan UCITS ETF 1C (XMJP.L) has a higher volatility of 3.89% compared to iShares MSCI North America UCITS ETF (INAA.AS) at 3.03%. This indicates that XMJP.L's price experiences larger fluctuations and is considered to be riskier than INAA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMJP.L | INAA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 3.03% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.76% | 7.30% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.08% | 10.86% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.78% | 14.87% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 16.07% | -0.17% |
XMJP.L vs. INAA.AS - Expense Ratio Comparison
XMJP.L has a 0.20% expense ratio, which is lower than INAA.AS's 0.40% expense ratio.
Dividends
XMJP.L vs. INAA.AS - Dividend Comparison
XMJP.L has not paid dividends to shareholders, while INAA.AS's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INAA.AS iShares MSCI North America UCITS ETF | 0.52% | 0.59% | 0.69% | 0.92% | 1.08% | 0.62% | 0.94% | 1.10% | 1.21% | 1.18% | 1.25% | 1.39% |
XMJP.L Xtrackers MSCI Japan 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
XMJP.L and INAA.AS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMJP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMJP.L is cheaper with a 0.20% expense ratio, compared with 0.40% for INAA.AS.
XMJP.L is categorized as Japan Equities, while INAA.AS is Large Cap Blend Equities. XMJP.L tracks TOPIX TR JPY, while INAA.AS tracks Russell 1000 TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XMJP.L and 0.40% for INAA.AS.
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