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

CNKY.L vs. JPSR.L

Last updated Jun 5, 2026

CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) and JPSR.L (UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, CNKY.L returned 12.70%/yr vs 8.71%/yr for JPSR.L. A 0.74 correlation means they provide meaningful diversification when combined. CNKY.L charges 0.48%/yr vs 0.22%/yr for JPSR.L.

Performance

CNKY.L vs. JPSR.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 UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.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 JPSR.L's 11.27% return. Over the past 10 years, CNKY.L has outperformed JPSR.L with an annualized return of 12.70%, while JPSR.L has yielded a comparatively lower 8.71% 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%

JPSR.L

1D
-0.22%
1M
5.42%
YTD
11.27%
6M
11.63%
1Y
29.08%
3Y*
12.10%
5Y*
7.46%
10Y*
8.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNKY.L vs. JPSR.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%
JPSR.L
UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis		11.27%18.27%8.64%7.70%-9.85%-3.37%16.62%21.49%-11.09%10.04%

Correlation

The correlation between CNKY.L and JPSR.L is 0.72, 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

0.72

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

0.82

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

0.86

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

0.77

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2015

0.74

The correlation between CNKY.L and JPSR.L shifts across timeframes, from 0.72 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

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

Sectors
CNKY.L
JPSR.L

Technology

32.6%
22.8%

Industrials

18.8%
21.7%

Consumer Cyclical

16.4%
8.1%

Communication Services

14.0%
13.0%

Healthcare

6.4%
6.7%

Basic Materials

4.1%
2.6%

Financial Services

3.1%
18.2%

Consumer Defensive

3.0%
2.9%

Real Estate

1.2%
4.0%

Energy

0.3%

-

Utilities

0.2%

-

Technology

CNKY.L
32.6%
JPSR.L
22.8%

Industrials

CNKY.L
18.8%
JPSR.L
21.7%

Consumer Cyclical

CNKY.L
16.4%
JPSR.L
8.1%

Communication Services

CNKY.L
14.0%
JPSR.L
13.0%

Healthcare

CNKY.L
6.4%
JPSR.L
6.7%

Basic Materials

CNKY.L
4.1%
JPSR.L
2.6%

Financial Services

CNKY.L
3.1%
JPSR.L
18.2%

Consumer Defensive

CNKY.L
3.0%
JPSR.L
2.9%

Real Estate

CNKY.L
1.2%
JPSR.L
4.0%

Energy

CNKY.L
0.3%
JPSR.L

-

Utilities

CNKY.L
0.2%
JPSR.L

-

Compare stocks, funds, or ETFs

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iShares Nikkei 225 UCITS ETF (Acc)

UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis

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 JPSR.L:
JPSR.L vs. SUJA.LJPSR.L vs. DXJP.LJPSR.L vs. DXJA.LJPSR.L vs. UC63.LJPSR.L vs. HPJS.LJPSR.L vs. JARI.LJPSR.L vs. EUFM.L

Return for Risk

CNKY.L vs. JPSR.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
JPSR.L
JPSR.L Risk / Return Rank: 4949
Overall Rank
JPSR.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
JPSR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
JPSR.L Omega Ratio Rank: 4848
Omega Ratio Rank
JPSR.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
JPSR.L Martin Ratio Rank: 5151
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. JPSR.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 UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.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.LJPSR.LDifference
Sharpe ratioReturn per unit of total volatility
2.81
1.58

+1.23

Sortino ratioReturn per unit of downside risk
3.90
2.23

+1.67

Omega ratioGain probability vs. loss probability

1.47

1.30

+0.17

Calmar ratioReturn relative to maximum drawdown

4.76

2.61

+2.15

Martin ratioReturn relative to average drawdown

14.40

8.53

+5.87

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. JPSR.L - Sharpe Ratio Comparison

The current CNKY.L Sharpe Ratio is 2.81, which is higher than the JPSR.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of CNKY.L and JPSR.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.LJPSR.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

1.58

+1.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

0.48

+0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.57

+0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

0.67

0.63

+0.04

Drawdowns

CNKY.L vs. JPSR.L - Drawdown Comparison

The maximum CNKY.L drawdown since its inception was -23.61%, roughly equal to the maximum JPSR.L drawdown of -23.05%. Use the drawdown chart below to compare losses from any high point for CNKY.L and JPSR.L.

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Drawdown Indicators

CNKY.LJPSR.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.61%

-23.05%

-0.56%

Max Drawdown (1Y)

Largest decline over 1 year

-13.32%

-10.84%

-2.48%

Max Drawdown (3Y)

Largest decline over 3 years

-19.39%

-13.83%

-5.56%

Max Drawdown (5Y)

Largest decline over 5 years

-20.83%

-21.57%

+0.74%

Max Drawdown (10Y)

Largest decline over 10 years

-23.61%

-23.05%

-0.56%

Current Drawdown

Current decline from peak

-1.22%

-0.22%

-1.00%

Average Drawdown

Average peak-to-trough decline

-7.33%

-6.89%

-0.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.41%

3.31%

+1.10%

Volatility

CNKY.L vs. JPSR.L - Volatility Comparison

iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a higher volatility of 6.86% compared to UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.L) at 3.74%. This indicates that CNKY.L's price experiences larger fluctuations and is considered to be riskier than JPSR.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.LJPSR.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.86%

3.74%

+3.12%

Volatility (6M)

Calculated over the trailing 6-month period

17.88%

14.41%

+3.47%

Volatility (1Y)

Calculated over the trailing 1-year period

22.59%

17.92%

+4.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.76%

15.72%

+2.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

17.70%

-0.48%

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

CNKY.L has a 0.48% expense ratio, which is higher than JPSR.L's 0.22% expense ratio.

Dividends

CNKY.L vs. JPSR.L - Dividend Comparison

CNKY.L has not paid dividends to shareholders, while JPSR.L's dividend yield for the trailing twelve months is around 1.03%.

PositionTTM2025202420232022202120202019201820172016
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JPSR.L
UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis		1.03%1.74%1.67%1.60%1.71%1.36%1.36%1.51%1.58%1.42%1.16%

Frequently Asked Questions

CNKY.L and JPSR.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, JPSR.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

JPSR.L is cheaper with a 0.22% expense ratio, compared with 0.48% for CNKY.L.

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and UBS. Their fees differ too: 0.48% for CNKY.L and 0.22% for JPSR.L.

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