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CSUK.L vs. DBJP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUK.L vs. DBJP

Last updated Jun 4, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and DBJP (Xtrackers MSCI Japan Hedged Equity ETF) are both exchange-traded funds - CSUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index. Both are passively managed. Over the past 10 years, CSUK.L returned 8.88%/yr vs 17.46%/yr for DBJP. At a 0.39 correlation, their price movements are largely independent. CSUK.L charges 0.33%/yr vs 0.45%/yr for DBJP.

Performance

CSUK.L vs. DBJP - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUK.L is traded in GBp, while DBJP is traded in USD. To make them comparable, the DBJP values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSUK.L achieves a 5.97% return, which is significantly lower than DBJP's 20.96% return. Over the past 10 years, CSUK.L has underperformed DBJP with an annualized return of 8.88%, while DBJP has yielded a comparatively higher 17.46% annualized return.

CSUK.L

1D
-0.36%
1M
-0.19%
YTD
5.97%
6M
8.48%
1Y
21.21%
3Y*
14.38%
5Y*
12.01%
10Y*
8.88%

DBJP

1D
1.07%
1M
9.76%
YTD
20.96%
6M
23.36%
1Y
53.73%
3Y*
25.85%
5Y*
22.74%
10Y*
17.46%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. DBJP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		5.97%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
DBJP
Xtrackers MSCI Japan Hedged Equity ETF		20.96%20.28%27.72%29.40%7.21%14.11%7.29%16.27%-9.77%10.75%

Correlation

The correlation between CSUK.L and DBJP is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.37

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

0.29

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

0.29

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

0.38

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2011

0.39

The correlation between CSUK.L and DBJP shifts across timeframes, from 0.29 (5 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

CSUK.L vs. DBJP - Sectors Allocation Comparison

Sectors
CSUK.L
DBJP

Financial Services

25.2%
17.5%

Healthcare

14.6%
6.3%

Consumer Defensive

13.5%
3.6%

Industrials

12.7%
26.0%

Energy

11.2%
1.1%

Basic Materials

9.7%
3.0%

Utilities

5.1%
1.1%

Consumer Cyclical

4.2%
12.2%

Communication Services

2.5%
7.9%

Technology

0.6%
19.1%

Real Estate

0.6%
2.3%

Financial Services

CSUK.L
25.2%
DBJP
17.5%

Healthcare

CSUK.L
14.6%
DBJP
6.3%

Consumer Defensive

CSUK.L
13.5%
DBJP
3.6%

Industrials

CSUK.L
12.7%
DBJP
26.0%

Energy

CSUK.L
11.2%
DBJP
1.1%

Basic Materials

CSUK.L
9.7%
DBJP
3.0%

Utilities

CSUK.L
5.1%
DBJP
1.1%

Consumer Cyclical

CSUK.L
4.2%
DBJP
12.2%

Communication Services

CSUK.L
2.5%
DBJP
7.9%

Technology

CSUK.L
0.6%
DBJP
19.1%

Real Estate

CSUK.L
0.6%
DBJP
2.3%

Compare stocks, funds, or ETFs

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iShares MSCI UK UCITS ETF (Acc)

Xtrackers MSCI Japan Hedged Equity ETF

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. EWUCSUK.L vs. VUKG.LCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with DBJP:
DBJP vs. DXJDBJP vs. HEWJDBJP vs. BBJPDBJP vs. EWJDBJP vs. FLJHDBJP vs. FLJPDBJP vs. HEFA

Return for Risk

CSUK.L vs. DBJP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 5353
Overall Rank
CSUK.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 5757
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
DBJP
DBJP Risk / Return Rank: 8686
Overall Rank
DBJP Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
DBJP Sortino Ratio Rank: 8585
Sortino Ratio Rank
DBJP Omega Ratio Rank: 8383
Omega Ratio Rank
DBJP Calmar Ratio Rank: 8888
Calmar Ratio Rank
DBJP Martin Ratio Rank: 8888
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.

CSUK.L vs. DBJP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and Xtrackers MSCI Japan Hedged Equity ETF (DBJP). 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.

CSUK.LDBJPDifference
Sharpe ratioReturn per unit of total volatility
1.89
2.94

-1.05

Sortino ratioReturn per unit of downside risk
2.64
3.85

-1.21

Omega ratioGain probability vs. loss probability

1.35

1.51

-0.16

Calmar ratioReturn relative to maximum drawdown

2.37

5.98

-3.61

Martin ratioReturn relative to average drawdown

8.37

22.53

-14.16

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

CSUK.L vs. DBJP - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 1.89, which is lower than the DBJP Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of CSUK.L and DBJP, 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

CSUK.LDBJPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

2.94

-1.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

1.19

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.86

-0.27

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.72

-0.23

Drawdowns

CSUK.L vs. DBJP - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, which is greater than DBJP's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for CSUK.L and DBJP.

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Drawdown Indicators

CSUK.LDBJPDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-27.70%

-6.85%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-9.03%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-21.07%

+8.42%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-21.07%

+8.42%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-27.70%

-6.85%

Current Drawdown

Current decline from peak

-4.18%

0.00%

-4.18%

Average Drawdown

Average peak-to-trough decline

-4.72%

-6.55%

+1.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.39%

+0.14%

Volatility

CSUK.L vs. DBJP - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a higher volatility of 4.66% compared to Xtrackers MSCI Japan Hedged Equity ETF (DBJP) at 3.26%. This indicates that CSUK.L's price experiences larger fluctuations and is considered to be riskier than DBJP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUK.LDBJPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

3.26%

+1.40%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

13.18%

-3.45%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

18.35%

-7.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

19.17%

-6.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

20.31%

-5.23%

CSUK.L vs. DBJP - Expense Ratio Comparison

CSUK.L has a 0.33% expense ratio, which is lower than DBJP's 0.45% expense ratio.

Dividends

CSUK.L vs. DBJP - Dividend Comparison

CSUK.L has not paid dividends to shareholders, while DBJP's dividend yield for the trailing twelve months is around 2.34%.

PositionTTM20252024202320222021202020192018201720162015
CSUK.L
iShares MSCI UK 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%0.00%
DBJP
Xtrackers MSCI Japan Hedged Equity ETF		2.34%2.81%2.80%5.21%0.80%2.30%2.53%2.56%3.87%2.07%1.13%5.95%

Frequently Asked Questions

CSUK.L and DBJP have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSUK.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSUK.L is cheaper with a 0.33% expense ratio, compared with 0.45% for DBJP.

CSUK.L is categorized as Europe Equities, while DBJP is Japan Equities. CSUK.L tracks FTSE AllSh TR GBP, while DBJP tracks MSCI Japan US Dollar Hedged Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.33% for CSUK.L and 0.45% for DBJP.

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