CJPU.L vs. SGLN.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CJPU.L is a Japan Equities fund tracking the MSCI Japan Index (Net), while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CJPU.L returned 9.05%/yr vs 11.67%/yr for SGLN.L. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.
Performance
CJPU.L vs. SGLN.L - Performance Comparison
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Different Trading Currencies
CJPU.L is traded in USD, while SGLN.L is traded in GBp. To make them comparable, the SGLN.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 higher than SGLN.L's -5.86% return. Over the past 10 years, CJPU.L has underperformed SGLN.L with an annualized return of 9.05%, while SGLN.L has yielded a comparatively higher 11.67% 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%
SGLN.L
- 1D
- -0.48%
- 1M
- -6.59%
- 6M
- -12.14%
- YTD
- -5.86%
- 1Y
- 21.94%
- 3Y*
- 27.43%
- 5Y*
- 17.42%
- 10Y*
- 11.67%
CJPU.L vs. SGLN.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% |
SGLN.L iShares Physical Gold ETC | -5.86% | 65.25% | 26.06% | 12.89% | -0.12% | -3.71% | 23.60% | 19.23% | -1.55% | 11.36% |
Correlation
The correlation between CJPU.L and SGLN.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.07 |
Over the past year, CJPU.L and SGLN.L have become more correlated (0.37) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
CJPU.L vs. SGLN.L — Risk / Return Rank
CJPU.L
SGLN.L
CJPU.L vs. SGLN.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 Physical Gold ETC (SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.17 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 0.89 | +1.87 |
| Martin ratioReturn relative to average drawdown | 9.02 | 2.17 | +6.85 |
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Drawdowns
CJPU.L vs. SGLN.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum SGLN.L drawdown of -56.74%. Use the drawdown chart below to compare losses from any high point for CJPU.L and SGLN.L.
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Drawdown Indicators
| CJPU.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -56.74% | +24.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -24.59% | +11.80% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -24.59% | +9.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -24.59% | -8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | -24.59% | -8.05% |
Current DrawdownCurrent decline from peak | -4.54% | -23.60% | +19.06% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -32.94% | +27.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 10.09% | -6.17% |
Volatility
CJPU.L vs. SGLN.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and iShares Physical Gold ETC (SGLN.L) have volatilities of 6.79% 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 | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 6.98% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 18.10% | 22.13% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.69% | 25.64% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.41% | 22.88% | -4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 18.87% | -1.77% |
CJPU.L vs. SGLN.L - Expense Ratio Comparison
Both CJPU.L and SGLN.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CJPU.L vs. SGLN.L - Dividend Comparison
Neither CJPU.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CJPU.L and SGLN.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L and SGLN.L have the same expense ratio: 0.12% per year.
CJPU.L is categorized as Japan Equities, while SGLN.L is Gold. CJPU.L tracks MSCI Japan Index (Net), while SGLN.L tracks LBMA Gold Price.
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