CNKY.L vs. SJPA.L
Compare and contrast key facts about iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L).
CNKY.L and SJPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNKY.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Jan 25, 2010. SJPA.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Sep 25, 2009. Both CNKY.L and SJPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNKY.L or SJPA.L.
Key characteristics
| CNKY.L | SJPA.L | |
|---|---|---|
| YTD Return | 8.06% | 6.65% |
| 1Y Return | 13.33% | 10.97% |
| 3Y Return (Ann) | 2.53% | 3.09% |
| 5Y Return (Ann) | 4.68% | 4.32% |
| 10Y Return (Ann) | 9.03% | 8.08% |
| Sharpe Ratio | 0.80 | 0.73 |
| Sortino Ratio | 1.18 | 1.04 |
| Omega Ratio | 1.16 | 1.15 |
| Calmar Ratio | 0.91 | 0.90 |
| Martin Ratio | 2.18 | 2.62 |
| Ulcer Index | 6.19% | 4.20% |
| Daily Std Dev | 16.95% | 15.19% |
| Max Drawdown | -23.61% | -24.73% |
| Current Drawdown | -6.29% | -4.61% |
Correlation
The correlation between CNKY.L and SJPA.L is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CNKY.L vs. SJPA.L - Performance Comparison
In the year-to-date period, CNKY.L achieves a 8.06% return, which is significantly higher than SJPA.L's 6.65% return. Over the past 10 years, CNKY.L has outperformed SJPA.L with an annualized return of 9.03%, while SJPA.L has yielded a comparatively lower 8.08% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CNKY.L vs. SJPA.L - Expense Ratio Comparison
CNKY.L has a 0.48% expense ratio, which is higher than SJPA.L's 0.15% expense ratio.
Risk-Adjusted Performance
CNKY.L vs. SJPA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.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.
Dividends
CNKY.L vs. SJPA.L - Dividend Comparison
Neither CNKY.L nor SJPA.L has paid dividends to shareholders.
Drawdowns
CNKY.L vs. SJPA.L - Drawdown Comparison
The maximum CNKY.L drawdown since its inception was -23.61%, roughly equal to the maximum SJPA.L drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for CNKY.L and SJPA.L. For additional features, visit the drawdowns tool.
Volatility
CNKY.L vs. SJPA.L - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a higher volatility of 5.03% compared to iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) at 4.38%. This indicates that CNKY.L's price experiences larger fluctuations and is considered to be riskier than SJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.