CJPU.L vs. ISJP.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds from iShares - CJPU.L tracks the MSCI Japan Index (Net) while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 8.10%/yr for ISJP.L. A 0.62 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.58%/yr for ISJP.L.
Performance
CJPU.L vs. ISJP.L - Performance Comparison
Loading charts...
Different Trading Currencies
CJPU.L is traded in USD, while ISJP.L is traded in GBp. To make them comparable, the ISJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CJPU.L achieves a 15.49% return, which is significantly lower than ISJP.L's 16.53% return. Over the past 10 years, CJPU.L has outperformed ISJP.L with an annualized return of 9.05%, while ISJP.L has yielded a comparatively lower 8.10% annualized return.
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%
ISJP.L
- 1D
- -0.31%
- 1M
- 1.90%
- 6M
- 12.06%
- YTD
- 16.53%
- 1Y
- 31.78%
- 3Y*
- 17.79%
- 5Y*
- 7.92%
- 10Y*
- 8.10%
CJPU.L vs. ISJP.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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 16.53% | 30.01% | 3.24% | 12.66% | -12.49% | -2.90% | 7.72% | 18.51% | -16.97% | 30.71% |
Correlation
The correlation between CJPU.L and ISJP.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2010 | 0.62 |
The correlation between CJPU.L and ISJP.L shifts across timeframes, from 0.62 (all time) to 0.84 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CJPU.L vs. ISJP.L — Risk / Return Rank
CJPU.L
ISJP.L
CJPU.L vs. ISJP.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 Small Cap UCITS ETF (Dist) (ISJP.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 | ISJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.68 | +0.07 |
| Martin ratioReturn relative to average drawdown | 9.02 | 8.63 | +0.39 |
Loading charts...
Drawdowns
CJPU.L vs. ISJP.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum ISJP.L drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for CJPU.L and ISJP.L.
Loading charts...
Drawdown Indicators
| CJPU.L | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -69.60% | +36.96% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -11.79% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -12.58% | -2.16% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -33.09% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -36.04% | +3.40% |
Current DrawdownCurrent decline from peak | -4.54% | -1.97% | -2.57% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -30.31% | +24.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.67% | +0.25% |
Volatility
CJPU.L vs. ISJP.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a higher volatility of 6.79% compared to iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) at 4.99%. This indicates that CJPU.L's price experiences larger fluctuations and is considered to be riskier than ISJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CJPU.L | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 4.99% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 14.87% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 17.30% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 16.30% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 16.51% | +0.59% |
CJPU.L vs. ISJP.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
CJPU.L vs. ISJP.L - Dividend Comparison
CJPU.L has not paid dividends to shareholders, while ISJP.L's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.86% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
Frequently Asked Questions
CJPU.L and ISJP.L have a correlation of 0.79, 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 0.58% for ISJP.L.
CJPU.L tracks MSCI Japan Index (Net), while ISJP.L tracks MSCI Japan Small Cap NR JPY. Their fees differ too: 0.12% for CJPU.L and 0.58% for ISJP.L.
Find the right allocation for CJPU.L and ISJP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer