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CNKY.L vs. CSJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNKY.L vs. CSJP.L

Last updated Jun 5, 2026

CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) and CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds from iShares tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, CNKY.L returned 12.70%/yr vs 10.09%/yr for CSJP.L. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.48% expense ratio.

Performance

CNKY.L vs. CSJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CNKY.L achieves a 31.80% return, which is significantly higher than CSJP.L's 16.41% return. Over the past 10 years, CNKY.L has outperformed CSJP.L with an annualized return of 12.70%, while CSJP.L has yielded a comparatively lower 10.09% annualized return.

CNKY.L

1D
-1.22%
1M
7.58%
YTD
31.80%
6M
28.96%
1Y
64.51%
3Y*
20.46%
5Y*
12.16%
10Y*
12.70%

CSJP.L

1D
-0.24%
1M
3.98%
YTD
16.41%
6M
15.69%
1Y
35.43%
3Y*
15.57%
5Y*
10.06%
10Y*
10.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNKY.L vs. CSJP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		31.80%20.64%9.15%15.02%-10.53%-4.18%21.18%16.38%-3.99%14.19%
CSJP.L
iShares MSCI Japan UCITS ETF USD (Acc)		16.41%17.48%9.01%13.68%-7.33%1.76%12.16%13.94%-8.52%13.00%

Correlation

The correlation between CNKY.L and CSJP.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since May 21, 2012

0.90

The correlation between CNKY.L and CSJP.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.

CNKY.L vs. CSJP.L - Sectors Allocation Comparison

Sectors
CNKY.L
CSJP.L

Technology

32.6%
20.8%

Industrials

18.8%
24.5%

Consumer Cyclical

16.4%
11.9%

Communication Services

14.0%
8.8%

Healthcare

6.4%
5.9%

Basic Materials

4.1%
3.0%

Financial Services

3.1%
17.8%

Consumer Defensive

3.0%
3.5%

Real Estate

1.2%
1.9%

Energy

0.3%
1.0%

Utilities

0.2%
1.0%

Technology

CNKY.L
32.6%
CSJP.L
20.8%

Industrials

CNKY.L
18.8%
CSJP.L
24.5%

Consumer Cyclical

CNKY.L
16.4%
CSJP.L
11.9%

Communication Services

CNKY.L
14.0%
CSJP.L
8.8%

Healthcare

CNKY.L
6.4%
CSJP.L
5.9%

Basic Materials

CNKY.L
4.1%
CSJP.L
3.0%

Financial Services

CNKY.L
3.1%
CSJP.L
17.8%

Consumer Defensive

CNKY.L
3.0%
CSJP.L
3.5%

Real Estate

CNKY.L
1.2%
CSJP.L
1.9%

Energy

CNKY.L
0.3%
CSJP.L
1.0%

Utilities

CNKY.L
0.2%
CSJP.L
1.0%

Compare stocks, funds, or ETFs

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iShares Nikkei 225 UCITS ETF (Acc)

iShares MSCI Japan UCITS ETF USD (Acc)

Often compared with CNKY.L:
CNKY.L vs. XDJP.LCNKY.L vs. SPYCNKY.L vs. S400.LCNKY.L vs. SJPA.LCNKY.L vs. VOOCNKY.L vs. LGUG.LCNKY.L vs. HSTC.L
Often compared with CSJP.L:
CSJP.L vs. SJPA.LCSJP.L vs. LCJP.LCSJP.L vs. IJPN.LCSJP.L vs. PRIJ.LCSJP.L vs. XDJP.LCSJP.L vs. SUJA.LCSJP.L vs. PAXG.L

Return for Risk

CNKY.L vs. CSJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNKY.L
CNKY.L Risk / Return Rank: 8383
Overall Rank
CNKY.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CNKY.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
CNKY.L Omega Ratio Rank: 7979
Omega Ratio Rank
CNKY.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
CNKY.L Martin Ratio Rank: 7676
Martin Ratio Rank
CSJP.L
CSJP.L Risk / Return Rank: 5959
Overall Rank
CSJP.L Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
CSJP.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
CSJP.L Omega Ratio Rank: 5959
Omega Ratio Rank
CSJP.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
CSJP.L Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNKY.L vs. CSJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.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.

CNKY.LCSJP.LDifference
Sharpe ratioReturn per unit of total volatility
2.81
1.85

+0.95

Sortino ratioReturn per unit of downside risk
3.90
2.66

+1.24

Omega ratioGain probability vs. loss probability

1.47

1.35

+0.11

Calmar ratioReturn relative to maximum drawdown

4.76

3.24

+1.52

Martin ratioReturn relative to average drawdown

14.40

10.33

+4.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNKY.L vs. CSJP.L - Sharpe Ratio Comparison

The current CNKY.L Sharpe Ratio is 2.81, which is higher than the CSJP.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of CNKY.L and CSJP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CNKY.LCSJP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

1.85

+0.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.63

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.63

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.63

+0.04

Drawdowns

CNKY.L vs. CSJP.L - Drawdown Comparison

The maximum CNKY.L drawdown since its inception was -23.61%, roughly equal to the maximum CSJP.L drawdown of -24.31%. Use the drawdown chart below to compare losses from any high point for CNKY.L and CSJP.L.

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Drawdown Indicators

CNKY.LCSJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.61%

-24.31%

+0.70%

Max Drawdown (1Y)

Largest decline over 1 year

-13.32%

-10.49%

-2.83%

Max Drawdown (3Y)

Largest decline over 3 years

-19.39%

-14.32%

-5.07%

Max Drawdown (5Y)

Largest decline over 5 years

-20.83%

-18.68%

-2.15%

Max Drawdown (10Y)

Largest decline over 10 years

-23.61%

-24.31%

+0.70%

Current Drawdown

Current decline from peak

-1.22%

-0.24%

-0.98%

Average Drawdown

Average peak-to-trough decline

-7.33%

-6.10%

-1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.41%

3.30%

+1.11%

Volatility

CNKY.L vs. CSJP.L - Volatility Comparison

iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a higher volatility of 6.86% compared to iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) at 3.77%. This indicates that CNKY.L's price experiences larger fluctuations and is considered to be riskier than CSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNKY.LCSJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.86%

3.77%

+3.09%

Volatility (6M)

Calculated over the trailing 6-month period

17.88%

14.90%

+2.98%

Volatility (1Y)

Calculated over the trailing 1-year period

22.59%

18.35%

+4.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.76%

15.88%

+1.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

15.96%

+1.26%

CNKY.L vs. CSJP.L - Expense Ratio Comparison

Both CNKY.L and CSJP.L have an expense ratio of 0.48%.

Dividends

CNKY.L vs. CSJP.L - Dividend Comparison

Neither CNKY.L nor CSJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CNKY.L and CSJP.L have a correlation of 0.85, 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 0.48% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

CNKY.L and CSJP.L have the same expense ratio: 0.48% per year.

Both ETFs track TOPIX TR JPY.

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