CJPU.L vs. JRIE.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and JRIE.L (JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) are both Japan Equities funds - CJPU.L tracks the MSCI Japan Index (Net) while JRIE.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 3 years, CJPU.L returned 16.15%/yr vs 184.70%/yr for JRIE.L. A 0.75 correlation means they provide meaningful diversification when combined. CJPU.L charges 0.12%/yr vs 0.25%/yr for JRIE.L.
Performance
CJPU.L vs. JRIE.L - Performance Comparison
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Different Trading Currencies
CJPU.L is traded in USD, while JRIE.L is traded in GBp. To make them comparable, the JRIE.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 12.44% return, which is significantly lower than JRIE.L's 15.21% 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%
JRIE.L
- 1D
- -1.70%
- 1M
- -2.67%
- 6M
- 8.66%
- YTD
- 15.21%
- 1Y
- 13,134.74%
- 3Y*
- 184.70%
- 5Y*
- —
- 10Y*
- —
CJPU.L vs. JRIE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -10.45% |
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 15.21% | 2,224.79% | -15.57% | 26.49% | -18.16% |
Correlation
The correlation between CJPU.L and JRIE.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2022 | 0.75 |
The correlation between CJPU.L and JRIE.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
CJPU.L vs. JRIE.L — Risk / Return Rank
CJPU.L
JRIE.L
CJPU.L vs. JRIE.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 JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.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 | JRIE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | -328.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 100.36 | -99.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 139.46 | -137.09 |
| Martin ratioReturn relative to average drawdown | 7.70 | 314.44 | -306.73 |
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Drawdowns
CJPU.L vs. JRIE.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum JRIE.L drawdown of -99.22%. Use the drawdown chart below to compare losses from any high point for CJPU.L and JRIE.L.
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Drawdown Indicators
| CJPU.L | JRIE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -99.22% | +66.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -99.10% | +86.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -99.22% | +84.48% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -5.13% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -30.20% | +24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 43.78% | -39.84% |
Volatility
CJPU.L vs. JRIE.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) have volatilities of 7.14% and 7.20%, 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 | JRIE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 7.20% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 1,307.79% | -1,289.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 30,718.99% | -30,697.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 22,280.53% | -22,262.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 22,280.53% | -22,263.41% |
CJPU.L vs. JRIE.L - Expense Ratio Comparison
CJPU.L has a 0.12% expense ratio, which is lower than JRIE.L's 0.25% 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. JRIE.L - Dividend Comparison
CJPU.L has not paid dividends to shareholders, while JRIE.L's dividend yield for the trailing twelve months is around 1.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JRIE.L JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) | 1.51% | 1.81% | 1.55% | 1.34% | 1.74% |
Frequently Asked Questions
CJPU.L and JRIE.L have a correlation of 0.78, 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 0.25% for JRIE.L.
CJPU.L tracks MSCI Japan Index (Net), while JRIE.L tracks TOPIX TR JPY. They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.12% for CJPU.L and 0.25% for JRIE.L.
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