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

CSJP.L vs. VOO

Last updated Jun 5, 2026

CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - CSJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSJP.L returned 10.09%/yr vs 16.37%/yr for VOO. At a 0.46 correlation, their price movements are largely independent. CSJP.L charges 0.48%/yr vs 0.03%/yr for VOO.

Performance

CSJP.L vs. VOO - 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 S&P 500 ETF (VOO). 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 VOO is traded in USD. To make them comparable, the VOO values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSJP.L achieves a 16.41% return, which is significantly higher than VOO's 11.32% return. Over the past 10 years, CSJP.L has underperformed VOO with an annualized return of 10.09%, while VOO has yielded a comparatively higher 16.37% 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%

VOO

1D
0.00%
1M
5.14%
YTD
11.32%
6M
10.03%
1Y
29.32%
3Y*
19.43%
5Y*
15.12%
10Y*
16.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSJP.L vs. VOO - 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%
VOO
Vanguard S&P 500 ETF		11.79%9.43%27.16%20.01%-8.44%30.01%14.85%26.37%1.16%11.24%

Correlation

The correlation between CSJP.L and VOO is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.36

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

0.33

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

0.34

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

0.44

Correlation (All Time)
Calculated using the full available price history since May 18, 2012

0.46

The correlation between CSJP.L and VOO shifts across timeframes, from 0.33 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

CSJP.L vs. VOO - Sectors Allocation Comparison

Sectors
CSJP.L
VOO

Industrials

24.5%
8.3%

Technology

20.8%
35.7%

Financial Services

17.8%
11.6%

Consumer Cyclical

11.9%
10.2%

Communication Services

8.8%
11.3%

Healthcare

5.9%
8.5%

Consumer Defensive

3.5%
4.9%

Basic Materials

3.0%
1.8%

Real Estate

1.9%
1.9%

Utilities

1.0%
2.4%

Energy

1.0%
3.5%

Industrials

CSJP.L
24.5%
VOO
8.3%

Technology

CSJP.L
20.8%
VOO
35.7%

Financial Services

CSJP.L
17.8%
VOO
11.6%

Consumer Cyclical

CSJP.L
11.9%
VOO
10.2%

Communication Services

CSJP.L
8.8%
VOO
11.3%

Healthcare

CSJP.L
5.9%
VOO
8.5%

Consumer Defensive

CSJP.L
3.5%
VOO
4.9%

Basic Materials

CSJP.L
3.0%
VOO
1.8%

Real Estate

CSJP.L
1.9%
VOO
1.9%

Utilities

CSJP.L
1.0%
VOO
2.4%

Energy

CSJP.L
1.0%
VOO
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Japan UCITS ETF USD (Acc)

Vanguard S&P 500 ETF

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 VOO:
VOO vs. VTIVOO vs. QQQVOO vs. SCHDVOO vs. VTVOO vs. SPYVOO vs. FXAIXVOO vs. IVV

Return for Risk

CSJP.L vs. VOO — 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
VOO
VOO Risk / Return Rank: 7474
Overall Rank
VOO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VOO Sortino Ratio Rank: 7575
Sortino Ratio Rank
VOO Omega Ratio Rank: 7575
Omega Ratio Rank
VOO Calmar Ratio Rank: 6666
Calmar Ratio Rank
VOO Martin Ratio Rank: 7878
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. VOO - 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 S&P 500 ETF (VOO). 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.LVOODifference
Sharpe ratioReturn per unit of total volatility
1.85
2.57

-0.72

Sortino ratioReturn per unit of downside risk
2.66
3.34

-0.67

Omega ratioGain probability vs. loss probability

1.35

1.48

-0.13

Calmar ratioReturn relative to maximum drawdown

3.24

3.84

-0.60

Martin ratioReturn relative to average drawdown

10.33

14.73

-4.41

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. VOO - Sharpe Ratio Comparison

The current CSJP.L Sharpe Ratio is 1.85, which is comparable to the VOO Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of CSJP.L and VOO, 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.LVOODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.85

2.57

-0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.96

-0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

0.91

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.63

0.95

-0.32

Drawdowns

CSJP.L vs. VOO - Drawdown Comparison

The maximum CSJP.L drawdown since its inception was -24.31%, smaller than the maximum VOO drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for CSJP.L and VOO.

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Drawdown Indicators

CSJP.LVOODifference

Max Drawdown

Largest peak-to-trough decline

-24.31%

-26.09%

+1.78%

Max Drawdown (1Y)

Largest decline over 1 year

-10.49%

-7.66%

-2.83%

Max Drawdown (3Y)

Largest decline over 3 years

-14.32%

-21.93%

+7.61%

Max Drawdown (5Y)

Largest decline over 5 years

-18.68%

-21.93%

+3.25%

Max Drawdown (10Y)

Largest decline over 10 years

-24.31%

-26.09%

+1.78%

Current Drawdown

Current decline from peak

-0.24%

-0.44%

+0.20%

Average Drawdown

Average peak-to-trough decline

-6.10%

-3.30%

-2.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.30%

2.00%

+1.30%

Volatility

CSJP.L vs. VOO - Volatility Comparison

iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) has a higher volatility of 3.77% compared to Vanguard S&P 500 ETF (VOO) at 2.68%. This indicates that CSJP.L's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSJP.LVOODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.77%

2.68%

+1.09%

Volatility (6M)

Calculated over the trailing 6-month period

14.90%

8.17%

+6.73%

Volatility (1Y)

Calculated over the trailing 1-year period

18.35%

11.46%

+6.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.88%

15.77%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.96%

18.10%

-2.14%

CSJP.L vs. VOO - Expense Ratio Comparison

CSJP.L has a 0.48% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

CSJP.L vs. VOO - Dividend Comparison

CSJP.L has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.

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%
VOO
Vanguard S&P 500 ETF		1.02%1.13%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%

Frequently Asked Questions

CSJP.L and VOO have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VOO is cheaper with a 0.03% expense ratio, compared with 0.48% for CSJP.L.

CSJP.L is categorized as Japan Equities, while VOO is S&P 500. CSJP.L tracks TOPIX TR JPY, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.48% for CSJP.L and 0.03% for VOO.

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