CJPU.L vs. EIMI.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - CJPU.L is a Japan Equities fund tracking the MSCI Japan Index (Net), while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 9.25%/yr for EIMI.L. A 0.57 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.18%/yr for EIMI.L.
Performance
CJPU.L vs. EIMI.L - Performance Comparison
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Returns By Period
In the year-to-date period, CJPU.L achieves a 15.49% return, which is significantly lower than EIMI.L's 18.64% return. Both investments have delivered pretty close results over the past 10 years, with CJPU.L having a 9.05% annualized return and EIMI.L not far ahead at 9.25%.
CJPU.L
- 1D
- -0.89%
- 1M
- -1.47%
- 6M
- 9.41%
- YTD
- 15.49%
- 1Y
- 35.30%
- 3Y*
- 17.79%
- 5Y*
- 9.27%
- 10Y*
- 9.05%
EIMI.L
- 1D
- -0.30%
- 1M
- -6.07%
- 6M
- 13.34%
- YTD
- 18.64%
- 1Y
- 34.63%
- 3Y*
- 19.30%
- 5Y*
- 7.21%
- 10Y*
- 9.25%
CJPU.L vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.49% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -13.50% | 24.10% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 18.64% | 32.16% | 7.36% | 11.03% | -19.67% | -0.65% | 18.80% | 16.37% | -14.18% | 36.94% |
Correlation
The correlation between CJPU.L and EIMI.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.57 |
The correlation between CJPU.L and EIMI.L shifts across timeframes, from 0.57 (all time) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CJPU.L vs. EIMI.L — Risk / Return Rank
CJPU.L
EIMI.L
CJPU.L vs. EIMI.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 Core MSCI EM IMI UCITS ETF (EIMI.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 | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.30 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.72 | +0.03 |
| Martin ratioReturn relative to average drawdown | 9.02 | 8.68 | +0.35 |
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Drawdowns
CJPU.L vs. EIMI.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for CJPU.L and EIMI.L.
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Drawdown Indicators
| CJPU.L | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -38.73% | +6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.66% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -17.44% | +2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -33.69% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -38.73% | +6.09% |
Current DrawdownCurrent decline from peak | -4.54% | -7.71% | +3.17% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -13.92% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.98% | -0.06% |
Volatility
CJPU.L vs. EIMI.L - Volatility Comparison
The current volatility for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) is 6.79%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.59%. This indicates that CJPU.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CJPU.L | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 8.59% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 19.48% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 21.43% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 18.83% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 19.22% | -2.12% |
CJPU.L vs. EIMI.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than EIMI.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CJPU.L vs. EIMI.L - Dividend Comparison
Neither CJPU.L nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
CJPU.L and EIMI.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.18% for EIMI.L.
CJPU.L is categorized as Japan Equities, while EIMI.L is Emerging Markets Equities. CJPU.L tracks MSCI Japan Index (Net), while EIMI.L tracks MSCI Emerging Markets Investable Market Index. Their fees differ too: 0.12% for CJPU.L and 0.18% for EIMI.L.
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