EEJD.L vs. PAJS.L
EEJD.L (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and PAJS.L (Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc) are both Japan Equities funds - EEJD.L tracks the MSCI Japan ESG Enhanced CTB Index while PAJS.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 3 years, EEJD.L returned 17.05%/yr vs 10.32%/yr for PAJS.L. Their correlation of 0.89 suggests significant overlap in exposure. EEJD.L charges 0.15%/yr vs 0.19%/yr for PAJS.L.
Performance
EEJD.L vs. PAJS.L - Performance Comparison
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Different Trading Currencies
EEJD.L is traded in USD, while PAJS.L is traded in GBp. To make them comparable, the PAJS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EEJD.L achieves a 16.29% return, which is significantly lower than PAJS.L's 10,830.41% return.
EEJD.L
- 1D
- -1.02%
- 1M
- -0.60%
- 6M
- 9.97%
- YTD
- 16.29%
- 1Y
- 36.05%
- 3Y*
- 17.05%
- 5Y*
- 8.78%
- 10Y*
- —
PAJS.L
- 1D
- 1.15%
- 1M
- 0.52%
- 6M
- 4.79%
- YTD
- 10,830.41%
- 1Y
- 23.37%
- 3Y*
- 10.32%
- 5Y*
- —
- 10Y*
- —
EEJD.L vs. PAJS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 16.29% | 26.10% | 4.67% | 19.98% | -17.73% | 0.67% |
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | 10,830.41% | -98.78% | -0.92% | 14.41% | -22.90% | -27.17% |
Correlation
The correlation between EEJD.L and PAJS.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2021 | 0.89 |
The correlation between EEJD.L and PAJS.L has been stable across timeframes, ranging from 0.80 to 0.89 - a consistent structural relationship.
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Return for Risk
EEJD.L vs. PAJS.L — Risk / Return Rank
EEJD.L
PAJS.L
EEJD.L vs. PAJS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) and Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EEJD.L | PAJS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | -281.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 88.74 | -87.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 0.23 | +2.55 |
| Martin ratioReturn relative to average drawdown | 9.14 | 0.46 | +8.68 |
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Drawdowns
EEJD.L vs. PAJS.L - Drawdown Comparison
The maximum EEJD.L drawdown since its inception was -32.93%, smaller than the maximum PAJS.L drawdown of -99.31%. Use the drawdown chart below to compare losses from any high point for EEJD.L and PAJS.L.
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Drawdown Indicators
| EEJD.L | PAJS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -99.31% | +66.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -99.06% | +86.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -99.06% | +84.95% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | — | — |
Current DrawdownCurrent decline from peak | -3.82% | -15.27% | +11.45% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -38.04% | +29.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 48.78% | -44.83% |
Volatility
EEJD.L vs. PAJS.L - Volatility Comparison
The current volatility for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) is 6.68%, while Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) has a volatility of 7.30%. This indicates that EEJD.L experiences smaller price fluctuations and is considered to be less risky than PAJS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEJD.L | PAJS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 7.30% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 1,130.15% | -1,111.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 27,956.50% | -27,934.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 13,164.10% | -13,145.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 13,164.10% | -13,145.31% |
EEJD.L vs. PAJS.L - Expense Ratio Comparison
EEJD.L has a 0.15% expense ratio, which is lower than PAJS.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EEJD.L vs. PAJS.L - Dividend Comparison
EEJD.L's dividend yield for the trailing twelve months is around 1.45%, while PAJS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.45% | 1.58% | 1.83% | 1.74% | 2.13% | 1.71% | 1.55% | 1.73% |
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEJD.L and PAJS.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEJD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEJD.L is cheaper with a 0.15% expense ratio, compared with 0.19% for PAJS.L.
EEJD.L tracks MSCI Japan ESG Enhanced CTB Index, while PAJS.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.15% for EEJD.L and 0.19% for PAJS.L.
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