Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Asia equity funds would cost $360 (0.72% a year), so IJP is $103 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 165 securities · top 10 = 30.6%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.1 | 6.4 | −8.6 | 1.7 | 7.4 | 4.1 | −2.4 | 1.9 | 4.7 | −5.2 | 11.5YTD | ||
| 2025 | 2.5 | −0.7 | −1.3 | 2.8 | 4.4 | −0.7 | 0.9 | 4.5 | 1.1 | 4.6 | −0.8 | −1.6 | 16.4 |
| 2024 | 8.1 | 5.4 | 2.8 | −4.3 | −0.8 | −0.9 | 6.5 | −2.2 | −2.3 | 0.1 | 2.1 | 3.0 | 18.0 |
| 2023 | 2.2 | 0.5 | 4.6 | 2.3 | 3.0 | 1.5 | 2.5 | −0.0 | −1.2 | −2.4 | 3.4 | −0.1 | 17.3 |
| 2022 | −2.1 | −3.8 | −4.1 | −3.1 | 0.3 | −4.9 | 4.8 | −1.3 | −4.9 | 4.3 | 5.5 | −1.5 | −11.1 |
| 2021 | 0.0 | −0.4 | 3.2 | −2.9 | 1.8 | 2.3 | 0.1 | 4.7 | 3.5 | −7.9 | 4.8 | −1.8 | 6.9 |
| 2020 | 3.3 | −7.2 | −0.3 | −0.6 | 4.9 | −4.0 | −5.4 | 5.4 | 3.4 | −0.2 | 7.2 | −0.7 | 4.8 |
| 2019 | 3.7 | 2.6 | 0.6 | 2.1 | −2.7 | 2.1 | 2.4 | 1.0 | 3.7 | 1.9 | 3.3 | −2.6 | 19.2 |
| 2018 | 2.1 | 1.0 | −2.0 | 3.5 | −1.3 | −0.1 | 0.2 | 2.1 | 3.7 | −7.5 | −1.0 | −5.1 | −5.0 |
| 2017 | −1.0 | −0.1 | 1.3 | 2.3 | 3.0 | −1.9 | −1.4 | 0.6 | 2.7 | 7.6 | 3.3 | −1.6 | 15.2 |
| 2016 | −3.9 | −2.1 | −2.9 | 0.1 | 8.2 | −4.7 | 4.0 | 2.1 | 0.0 | 1.3 | 0.5 | 2.8 | 4.6 |
| 2015 | 8.3 | 5.5 | 4.5 | −1.0 | 5.3 | −2.6 | 5.8 | −4.0 | −5.2 | 9.4 | −2.0 | −3.7 | 20.6 |
| 2014 | −3.5 | −2.2 | −4.1 | −3.3 | 3.4 | 3.8 | 2.8 | −2.8 | 5.7 | −0.7 | 3.0 | 1.6 | 3.0 |
| 2013 | 4.5 | 3.7 | 3.5 | 9.2 | 2.0 | 5.7 | 3.8 | −2.4 | 4.6 | −1.9 | 5.3 | 3.6 | 49.8 |
| 2012 | 0.9 | 4.7 | 4.1 | −4.8 | −2.2 | 0.8 | −6.0 | 2.1 | 1.4 | −1.7 | 1.5 | 3.0 | 3.2 |
| 2011 | 2.3 | 2.0 | −10.2 | −5.3 | 0.7 | 0.0 | 1.0 | −6.0 | 8.2 | −8.5 | −0.3 | −1.3 | −17.1 |
| 2010 | 3.2 | −2.4 | 4.9 | −3.3 | 0.7 | −2.3 | −1.5 | −2.3 | −2.8 | −0.4 | 4.7 | 0.6 | −1.5 |
| 2009 | 1.0 | −13.8 | −0.8 | 3.5 | −0.4 | 0.3 | 0.8 | 2.5 | −6.6 | −7.0 | −2.4 | 4.5 | −18.3 |
| 2008 | −4.0 | −1.7 | 3.7 | 1.2 | −7.8 | −1.5 | 4.9 | −3.0 | 1.8 | 0.2 | 0.1 | −6.5 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
IJP questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is iShares MSCI Japan ETF?
iShares MSCI Japan ETF holds 165 securities, and its ten largest positions make up 30.6% of the fund, more spread out than the 48.1% typical of Asia equity funds. That makes it moderately diversified.
Its country exposure is almost entirely Japan (100.0%), and its biggest sector is Industrials at 25.9%, based on holdings as at 2 Sept 2026.
Which ETFs does IJP double up with most?
IJP shares the most holdings with Global X Japan Topix 100 ETF (J100) (81% overlap), Betashares Japan Currency Hedged ETF (HJPN) (70% overlap) and VanEck MSCI International Value ETF (VLUE) (21% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 81%, owning both IJP and J100 would mostly double up on the same investments rather than spread your money further. Of these, J100 has the lowest fee, at 0.40% a year against 0.50% for IJP.
How is iShares MSCI Japan ETF managed – active or passive?
iShares MSCI Japan ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Asia equity funds, active funds charge a median 1.18% a year and index funds 0.60%.
What will I pay in fees for IJP?
IJP charges a management fee of 0.50% a year, about $50 for every $10,000 invested. Only 40% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Asia equity funds, the median is 0.67%.
Lower-cost funds with a similar focus include iShares Asia 50 ETF (IAA) at 0.29%, Vanguard FTSE Asia Ex-Japan Shares Index ETF (VAE) at 0.40% and iShares MSCI South Korea ETF (IKO) at 0.45%.
If you would rather have a manager choose the investments, active options such as Fidelity Asia Active ETF (FASI) at 1.16% and Fidelity India Active ETF (FIIN) at 1.20% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.07% for IJP.
Does iShares MSCI Japan ETF follow a theme?
No. iShares MSCI Japan ETF is a broad equity fund: it aims to cover a wide slice of its market (Asia) rather than one theme or sector. Its largest sector, Industrials, is 25.9% of the fund.
What is under the hood of IJP?
As at 2 Sept 2026, IJP's ten largest holdings are Mitsubishi Ufj Financial Group (4.7%), Toyota Motor (3.6%), Sumitomo Mitsui Financial Group (3.0%), Advantest (2.9%), Tokyo Electron (2.8%), Hitachi (2.8%), Sony Group (2.7%), Recruit Holdings Ltd (2.6%), Mizuho Financial Group (2.4%) and Kioxia Holdings (2.4%). Together they make up 30.0% of the fund.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for IJP's index are in the issuer's PDS. Its top 10 weighting of 30.6% compares with 48.1% for similar funds.
How well has iShares MSCI Japan ETF performed?
Based on its category, iShares MSCI Japan ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 10.4% over 1 year (median −5.7%; ranked 5 of 17), 16.2% a year over 3 years (median 14.8% a year; ranked 6 of 14) and 10.3% a year over 5 years (median 4.8% a year; ranked 5 of 13). The medians and rankings compare it with Asia equity funds. Since listing in 2009 it has returned 5.4% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for IJP; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.50% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.