CJPU.L vs. CSJP.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds from iShares - CJPU.L tracks the MSCI Japan Index (Net) while CSJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, CJPU.L returned 8.85%/yr vs 8.87%/yr for CSJP.L. A 0.72 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.48%/yr for CSJP.L.
Performance
CJPU.L vs. CSJP.L - Performance Comparison
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Different Trading Currencies
CJPU.L is traded in USD, while CSJP.L is traded in GBp. To make them comparable, the CSJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CJPU.L having a 12.44% return and CSJP.L slightly lower at 12.36%. Both investments have delivered pretty close results over the past 10 years, with CJPU.L having a 8.85% annualized return and CSJP.L not far ahead at 8.87%.
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
CSJP.L
- 1D
- -2.33%
- 1M
- -4.99%
- 6M
- 6.13%
- YTD
- 12.36%
- 1Y
- 30.33%
- 3Y*
- 16.22%
- 5Y*
- 8.72%
- 10Y*
- 8.87%
CJPU.L vs. CSJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -13.50% | 24.10% |
CSJP.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.36% | 26.34% | 7.19% | 19.68% | -17.24% | 0.84% | 15.60% | 18.51% | -13.69% | 23.76% |
Correlation
The correlation between CJPU.L and CSJP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2010 | 0.72 |
Over the past year, CJPU.L and CSJP.L have become more correlated (0.96) than their long-term average of 0.72, meaning their price movements have been converging.
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Return for Risk
CJPU.L vs. CSJP.L — Risk / Return Rank
CJPU.L
CSJP.L
CJPU.L vs. CSJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
| CJPU.L | CSJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.35 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.70 | 7.60 | +0.11 |
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Drawdowns
CJPU.L vs. CSJP.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, roughly equal to the maximum CSJP.L drawdown of -33.02%. Use the drawdown chart below to compare losses from any high point for CJPU.L and CSJP.L.
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Drawdown Indicators
| CJPU.L | CSJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -33.02% | +0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.86% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -14.87% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -32.83% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -32.83% | +0.19% |
Current DrawdownCurrent decline from peak | -7.07% | -7.02% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -12.82% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 3.98% | -0.04% |
Volatility
CJPU.L vs. CSJP.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) have volatilities of 7.14% and 6.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CJPU.L | CSJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 6.98% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 17.59% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 21.22% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 18.29% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.14% | -0.02% |
CJPU.L vs. CSJP.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than CSJP.L's 0.48% expense ratio.
Dividends
CJPU.L vs. CSJP.L - Dividend Comparison
Neither CJPU.L nor CSJP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, CJPU.L and CSJP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.48% for CSJP.L.
CJPU.L tracks MSCI Japan Index (Net), while CSJP.L tracks TOPIX TR JPY. Their fees differ too: 0.12% for CJPU.L and 0.48% for CSJP.L.
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