CNKY.L vs. VJPA.DE
CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) and VJPA.DE (Vanguard FTSE Japan UCITS ETF Accumulating) are both Japan Equities funds - CNKY.L tracks the TOPIX TR JPY while VJPA.DE tracks the FTSE Japan. Both are passively managed. Over the past 5 years, CNKY.L returned 12.16%/yr vs 10.10%/yr for VJPA.DE. Their correlation of 0.85 suggests significant overlap in exposure. CNKY.L charges 0.48%/yr vs 0.15%/yr for VJPA.DE.
Performance
CNKY.L vs. VJPA.DE - Performance Comparison
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Different Trading Currencies
CNKY.L is traded in GBp, while VJPA.DE is traded in EUR. To make them comparable, the VJPA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNKY.L achieves a 31.80% return, which is significantly higher than VJPA.DE's 15.64% 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%
VJPA.DE
- 1D
- -0.14%
- 1M
- 3.76%
- YTD
- 15.64%
- 6M
- 15.85%
- 1Y
- 35.09%
- 3Y*
- 15.67%
- 5Y*
- 10.10%
- 10Y*
- —
CNKY.L vs. VJPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 31.80% | 20.64% | 9.15% | 15.02% | -10.53% | -6.08% |
VJPA.DE Vanguard FTSE Japan UCITS ETF Accumulating | 15.64% | 19.17% | 8.13% | 13.55% | -6.79% | -0.19% |
Correlation
The correlation between CNKY.L and VJPA.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2021 | 0.85 |
The correlation between CNKY.L and VJPA.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
CNKY.L vs. VJPA.DE — Risk / Return Rank
CNKY.L
VJPA.DE
CNKY.L vs. VJPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) and Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.DE). 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.L | VJPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.36 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 3.19 | +1.58 |
| Martin ratioReturn relative to average drawdown | 14.40 | 10.55 | +3.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNKY.L | VJPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 1.90 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.64 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.59 | +0.08 |
Drawdowns
CNKY.L vs. VJPA.DE - Drawdown Comparison
The maximum CNKY.L drawdown since its inception was -23.61%, which is greater than VJPA.DE's maximum drawdown of -18.57%. Use the drawdown chart below to compare losses from any high point for CNKY.L and VJPA.DE.
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Drawdown Indicators
| CNKY.L | VJPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.61% | -18.57% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -10.65% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -14.14% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -18.57% | -2.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.61% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -0.14% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -7.33% | -5.75% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 3.22% | +1.19% |
Volatility
CNKY.L vs. VJPA.DE - Volatility Comparison
iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a higher volatility of 6.86% compared to Vanguard FTSE Japan UCITS ETF Accumulating (VJPA.DE) at 3.33%. This indicates that CNKY.L's price experiences larger fluctuations and is considered to be riskier than VJPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNKY.L | VJPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.86% | 3.33% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.88% | 14.51% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 17.87% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 15.55% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 15.59% | +1.63% |
CNKY.L vs. VJPA.DE - Expense Ratio Comparison
CNKY.L has a 0.48% expense ratio, which is higher than VJPA.DE's 0.15% expense ratio.
Dividends
CNKY.L vs. VJPA.DE - Dividend Comparison
Neither CNKY.L nor VJPA.DE has paid dividends to shareholders.
Frequently Asked Questions
CNKY.L and VJPA.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VJPA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPA.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for CNKY.L.
CNKY.L tracks TOPIX TR JPY, while VJPA.DE tracks FTSE Japan. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.48% for CNKY.L and 0.15% for VJPA.DE.
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