CJPU.L vs. ESGJ.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and ESGJ.L (Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc)) are both Japan Equities funds - CJPU.L tracks the MSCI Japan Index (Net) while ESGJ.L tracks the MSCI Japan Universal Select Business Screens Index. Both are passively managed. Over the past 5 years, CJPU.L returned 8.69%/yr vs 9.49%/yr for ESGJ.L. With a 0.96 correlation, they move nearly in lockstep. CJPU.L charges 0.12%/yr vs 0.15%/yr for ESGJ.L.
Performance
CJPU.L vs. ESGJ.L - Performance Comparison
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Returns By Period
In the year-to-date period, CJPU.L achieves a 12.44% return, which is significantly lower than ESGJ.L's 17.08% return.
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%
ESGJ.L
- 1D
- 1.13%
- 1M
- -0.89%
- 6M
- 10.84%
- YTD
- 17.08%
- 1Y
- 36.09%
- 3Y*
- 19.65%
- 5Y*
- 9.49%
- 10Y*
- —
CJPU.L vs. ESGJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.02% |
ESGJ.L Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) | 17.08% | 27.11% | 8.02% | 19.45% | -17.71% | -1.77% |
Correlation
The correlation between CJPU.L and ESGJ.L is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021 | 0.96 |
The correlation between CJPU.L and ESGJ.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
CJPU.L vs. ESGJ.L — Risk / Return Rank
CJPU.L
ESGJ.L
CJPU.L vs. ESGJ.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 Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) (ESGJ.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 | ESGJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.84 | -0.48 |
| Martin ratioReturn relative to average drawdown | 7.70 | 9.02 | -1.32 |
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Drawdowns
CJPU.L vs. ESGJ.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, roughly equal to the maximum ESGJ.L drawdown of -33.20%. Use the drawdown chart below to compare losses from any high point for CJPU.L and ESGJ.L.
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Drawdown Indicators
| CJPU.L | ESGJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -33.20% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.73% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -14.67% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -33.20% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -2.30% | -4.77% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -9.47% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.02% | -0.08% |
Volatility
CJPU.L vs. ESGJ.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a higher volatility of 7.14% compared to Invesco MSCI Japan Universal Screened UCITS ETF USD (Acc) (ESGJ.L) at 6.67%. This indicates that CJPU.L's price experiences larger fluctuations and is considered to be riskier than ESGJ.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 | ESGJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 6.67% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 17.62% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 21.34% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 18.75% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 18.43% | -1.31% |
CJPU.L vs. ESGJ.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than ESGJ.L's 0.15% 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. ESGJ.L - Dividend Comparison
Neither CJPU.L nor ESGJ.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, CJPU.L and ESGJ.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 0.15% for ESGJ.L.
CJPU.L tracks MSCI Japan Index (Net), while ESGJ.L tracks MSCI Japan Universal Select Business Screens Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.12% for CJPU.L and 0.15% for ESGJ.L.
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