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

CSJP.L vs. VJPN.L

Last updated Jun 5, 2026

CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) and VJPN.L (Vanguard FTSE Japan UCITS ETF Distributing) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, CSJP.L returned 10.09%/yr vs 11.10%/yr for VJPN.L. With a 0.99 correlation, they move nearly in lockstep. CSJP.L charges 0.48%/yr vs 0.15%/yr for VJPN.L.

Performance

CSJP.L vs. VJPN.L - Performance Comparison

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

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Different Trading Currencies

CSJP.L is traded in GBp, while VJPN.L is traded in GBP. To make them comparable, the VJPN.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSJP.L having a 16.41% return and VJPN.L slightly lower at 16.32%. Over the past 10 years, CSJP.L has underperformed VJPN.L with an annualized return of 10.09%, while VJPN.L has yielded a comparatively higher 11.10% annualized return.

CSJP.L

1D
-0.24%
1M
6.26%
YTD
16.41%
6M
15.60%
1Y
34.17%
3Y*
15.57%
5Y*
10.06%
10Y*
10.09%

VJPN.L

1D
0.70%
1M
6.43%
YTD
16.32%
6M
16.26%
1Y
35.06%
3Y*
16.39%
5Y*
10.73%
10Y*
11.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
VJPN.L
Vanguard FTSE Japan UCITS ETF Distributing		16.32%18.86%9.05%14.00%-5.70%2.26%12.84%14.56%-8.37%14.72%

Correlation

The correlation between CSJP.L and VJPN.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.98

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

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2013

0.99

The correlation between CSJP.L and VJPN.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors
CSJP.L
VJPN.L

Industrials

24.5%
26.6%

Technology

20.8%
17.4%

Financial Services

17.8%
15.9%

Consumer Cyclical

11.9%
12.8%

Communication Services

8.8%
7.1%

Healthcare

5.9%
5.9%

Consumer Defensive

3.5%
4.2%

Basic Materials

3.0%
4.3%

Real Estate

1.9%
3.4%

Utilities

1.0%
1.3%

Energy

1.0%
1.0%

Industrials

CSJP.L
24.5%
VJPN.L
26.6%

Technology

CSJP.L
20.8%
VJPN.L
17.4%

Financial Services

CSJP.L
17.8%
VJPN.L
15.9%

Consumer Cyclical

CSJP.L
11.9%
VJPN.L
12.8%

Communication Services

CSJP.L
8.8%
VJPN.L
7.1%

Healthcare

CSJP.L
5.9%
VJPN.L
5.9%

Consumer Defensive

CSJP.L
3.5%
VJPN.L
4.2%

Basic Materials

CSJP.L
3.0%
VJPN.L
4.3%

Real Estate

CSJP.L
1.9%
VJPN.L
3.4%

Utilities

CSJP.L
1.0%
VJPN.L
1.3%

Energy

CSJP.L
1.0%
VJPN.L
1.0%

Compare stocks, funds, or ETFs

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iShares MSCI Japan UCITS ETF USD (Acc)

Vanguard FTSE Japan UCITS ETF Distributing

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
Often compared with VJPN.L:
VJPN.L vs. XDJP.LVJPN.L vs. VJPN.DEVJPN.L vs. EEJG.LVJPN.L vs. LGJG.LVJPN.L vs. JEMAVJPN.L vs. VUSA.LVJPN.L vs. VOO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
VJPN.L
VJPN.L Risk / Return Rank: 6060
Overall Rank
VJPN.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VJPN.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
VJPN.L Omega Ratio Rank: 6161
Omega Ratio Rank
VJPN.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
VJPN.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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) and Vanguard FTSE Japan UCITS ETF Distributing (VJPN.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.

CSJP.LVJPN.LDifference
Sharpe ratioReturn per unit of total volatility
1.85
1.91

-0.06

Sortino ratioReturn per unit of downside risk
2.66
2.75

-0.09

Omega ratioGain probability vs. loss probability

1.35

1.37

-0.01

Calmar ratioReturn relative to maximum drawdown

3.24

3.20

+0.04

Martin ratioReturn relative to average drawdown

10.33

10.40

-0.08

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

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

The current CSJP.L Sharpe Ratio is 1.85, which is comparable to the VJPN.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of CSJP.L and VJPN.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

CSJP.LVJPN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

1.91

-0.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.69

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.70

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.62

+0.01

Drawdowns

CSJP.L vs. VJPN.L - Drawdown Comparison

The maximum CSJP.L drawdown since its inception was -24.31%, roughly equal to the maximum VJPN.L drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for CSJP.L and VJPN.L.

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Drawdown Indicators

CSJP.LVJPN.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.31%

-25.19%

+0.88%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-10.68%

+0.19%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-13.45%

-0.87%

Max Drawdown (5Y)

Largest decline over 5 years

-18.68%

-17.91%

-0.77%

Max Drawdown (10Y)

Largest decline over 10 years

-24.31%

-25.19%

+0.88%

Current Drawdown

Current decline from peak

-0.24%

0.00%

-0.24%

Average Drawdown

Average peak-to-trough decline

-6.10%

-5.26%

-0.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

3.29%

+0.01%

Volatility

CSJP.L vs. VJPN.L - Volatility Comparison

iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) and Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) have volatilities of 3.77% and 3.85%, 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

CSJP.LVJPN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

3.85%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

14.90%

14.62%

+0.28%

Volatility (1Y)

Calculated over the trailing 1-year period

18.35%

17.91%

+0.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

15.50%

+0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.96%

15.90%

+0.06%

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

CSJP.L has a 0.48% expense ratio, which is higher than VJPN.L's 0.15% expense ratio.

Dividends

CSJP.L vs. VJPN.L - Dividend Comparison

CSJP.L has not paid dividends to shareholders, while VJPN.L's dividend yield for the trailing twelve months is around 2.23%.

PositionTTM20252024202320222021202020192018201720162015
CSJP.L
iShares MSCI Japan UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VJPN.L
Vanguard FTSE Japan UCITS ETF Distributing		2.23%2.54%2.47%2.39%2.64%2.31%2.14%2.36%2.55%1.94%2.04%2.08%

Frequently Asked Questions

With a correlation of 0.98, CSJP.L and VJPN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VJPN.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VJPN.L is cheaper with a 0.15% expense ratio, compared with 0.48% for CSJP.L.

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.48% for CSJP.L and 0.15% for VJPN.L.

Portfolio Optimizer

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