ANRJ.L vs. CSJP.L

Last updated Jun 14, 2026

ANRJ.L (Amundi ETF MSCI Europe Energy UCITS ETF) and CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both exchange-traded funds - ANRJ.L is a Energy Equities fund tracking the MSCI World/Energy NR USD, while CSJP.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, ANRJ.L returned 16.04%/yr vs 10.23%/yr for CSJP.L. At a 0.43 correlation, their price movements are largely independent. ANRJ.L charges 0.25%/yr vs 0.48%/yr for CSJP.L.

Performance

ANRJ.L vs. CSJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANRJ.L achieves a 22.91% return, which is significantly higher than CSJP.L's 15.51% return. Over the past 10 years, ANRJ.L has outperformed CSJP.L with an annualized return of 16.04%, while CSJP.L has yielded a comparatively lower 10.23% annualized return.

ANRJ.L

• 1D: 1.73%
• 1M: -6.48%
• YTD: 22.91%
• 6M: 21.29%
• 1Y: 58.51%
• 3Y*: 31.16%
• 5Y*: 27.52%
• 10Y*: 16.04%

CSJP.L

• 1D: 2.35%
• 1M: 1.27%
• YTD: 15.51%
• 6M: 14.39%
• 1Y: 33.78%
• 3Y*: 14.40%
• 5Y*: 9.91%
• 10Y*: 10.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANRJ.L vs. CSJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ANRJ.L Amundi ETF MSCI Europe Energy UCITS ETF	22.91%	43.26%	10.68%	9.79%	44.73%	26.52%	-27.94%	3.65%	0.61%	9.59%
CSJP.L iShares MSCI Japan UCITS ETF USD (Acc)	15.51%	17.48%	9.01%	13.68%	-7.33%	1.76%	12.16%	13.94%	-8.52%	13.00%

Correlation

The correlation between ANRJ.L and CSJP.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 28, 2010	0.43

The correlation between ANRJ.L and CSJP.L shifts across timeframes, from 0.38 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

ANRJ.L vs. CSJP.L - Sectors Allocation Comparison

Sectors	ANRJ.L	CSJP.L
Industrials	44.5%	23.4%
Basic Materials	25.7%	3.1%
Utilities	20.4%	1.0%
Consumer Cyclical	8.0%	11.5%
Technology	1.4%	22.2%
Communication Services	-	8.8%
Consumer Defensive	-	3.4%
Energy	-	0.9%
Financial Services	-	18.4%
Healthcare	-	5.4%
Real Estate	-	1.9%

Return for Risk

ANRJ.L vs. CSJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ANRJ.L

ANRJ.L Risk / Return Rank: 92
ANRJ.L Sharpe Ratio Rank: 93
ANRJ.L Sortino Ratio Rank: 91
ANRJ.L Omega Ratio Rank: 88
ANRJ.L Calmar Ratio Rank: 94
ANRJ.L Martin Ratio Rank: 91

CSJP.L

CSJP.L Risk / Return Rank: 64
CSJP.L Sharpe Ratio Rank: 60
CSJP.L Sortino Ratio Rank: 63
CSJP.L Omega Ratio Rank: 63
CSJP.L Calmar Ratio Rank: 70
CSJP.L Martin Ratio Rank: 62

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.

ANRJ.L vs. CSJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.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.

	ANRJ.L	CSJP.L	Difference
Sharpe ratio: Return per unit of total volatility	3.04	1.77	+1.26
Sortino ratio: Return per unit of downside risk	3.87	2.56	+1.31
Omega ratio: Gain probability vs. loss probability	1.48	1.33	+0.15
Calmar ratio: Return relative to maximum drawdown	6.21	3.15	+3.07
Martin ratio: Return relative to average drawdown	18.93	9.95	+8.97

ANRJ.L vs. CSJP.L - Sharpe Ratio Comparison

The current ANRJ.L Sharpe Ratio is 3.04, which is higher than the CSJP.L Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of ANRJ.L and CSJP.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.

Drawdowns

ANRJ.L vs. CSJP.L - Drawdown Comparison

The maximum ANRJ.L drawdown since its inception was -57.08%, which is greater than CSJP.L's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for ANRJ.L and CSJP.L.

Drawdown Indicators

	ANRJ.L	CSJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-57.08%	-36.79%	-20.29%
Max Drawdown (1Y) Largest decline over 1 year	-9.20%	-10.49%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-14.32%	+1.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.81%	-18.68%	-1.13%
Max Drawdown (10Y) Largest decline over 10 years	-57.08%	-24.31%	-32.77%
Current Drawdown Current decline from peak	-7.09%	-1.02%	-6.07%
Average Drawdown Average peak-to-trough decline	-13.72%	-9.95%	-3.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	3.32%	-0.29%

Volatility

ANRJ.L vs. CSJP.L - Volatility Comparison

Amundi ETF MSCI Europe Energy UCITS ETF (ANRJ.L) has a higher volatility of 5.84% compared to iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) at 4.44%. This indicates that ANRJ.L's price experiences larger fluctuations and is considered to be riskier than CSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ANRJ.L	CSJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	4.44%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	15.19%	-1.34%
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	18.62%	+0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.60%	15.95%	+5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.71%	15.98%	+8.73%

ANRJ.L vs. CSJP.L - Expense Ratio Comparison

ANRJ.L has a 0.25% expense ratio, which is lower than CSJP.L's 0.48% expense ratio.

Dividends

ANRJ.L vs. CSJP.L - Dividend Comparison

Neither ANRJ.L nor CSJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ANRJ.L and CSJP.L in my portfolio?

ANRJ.L and CSJP.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANRJ.L or CSJP.L?

On fees, ANRJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANRJ.L or CSJP.L?

ANRJ.L is cheaper with a 0.25% expense ratio, compared with 0.48% for CSJP.L.

What is the main difference between ANRJ.L and CSJP.L?

ANRJ.L is categorized as Energy Equities, while CSJP.L is Japan Equities. ANRJ.L tracks MSCI World/Energy NR USD, while CSJP.L tracks TOPIX TR JPY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.25% for ANRJ.L and 0.48% for CSJP.L.