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EEJG.L vs. CNKY.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EEJG.L vs. CNKY.L

Last updated Jun 5, 2026

EEJG.L (iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)) and CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds from iShares tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, EEJG.L returned 9.31%/yr vs 12.16%/yr for CNKY.L. Their correlation of 0.91 suggests significant overlap in exposure. EEJG.L charges 0.15%/yr vs 0.48%/yr for CNKY.L.

Performance

EEJG.L vs. CNKY.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, EEJG.L achieves a 15.84% return, which is significantly lower than CNKY.L's 31.80% return.

EEJG.L

1D
-0.30%
1M
2.97%
YTD
15.84%
6M
15.78%
1Y
35.48%
3Y*
14.25%
5Y*
9.31%
10Y*
—

CNKY.L

1D
-1.22%
1M
10.78%
YTD
31.80%
6M
29.05%
1Y
63.73%
3Y*
20.46%
5Y*
12.16%
10Y*
12.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EEJG.L vs. CNKY.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
EEJG.L
iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)		15.84%17.60%6.43%13.48%-8.04%1.83%19.79%
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		31.80%20.64%9.15%15.02%-10.53%-4.18%30.71%

Correlation

The correlation between EEJG.L and CNKY.L is 0.86, 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

0.86

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

0.89

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

0.91

Correlation (All Time)
Calculated using the full available price history since Apr 29, 2020

0.91

The correlation between EEJG.L and CNKY.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.

EEJG.L vs. CNKY.L - Sectors Allocation Comparison

Sectors
EEJG.L
CNKY.L

Industrials

22.9%
18.8%

Technology

22.2%
32.6%

Financial Services

21.1%
3.1%

Consumer Cyclical

10.4%
16.4%

Healthcare

8.5%
6.4%

Communication Services

8.4%
14.0%

Real Estate

4.0%
1.2%

Basic Materials

1.4%
4.1%

Consumer Defensive

0.8%
3.0%

Energy

0.1%
0.3%

Utilities

0.1%
0.2%

Industrials

EEJG.L
22.9%
CNKY.L
18.8%

Technology

EEJG.L
22.2%
CNKY.L
32.6%

Financial Services

EEJG.L
21.1%
CNKY.L
3.1%

Consumer Cyclical

EEJG.L
10.4%
CNKY.L
16.4%

Healthcare

EEJG.L
8.5%
CNKY.L
6.4%

Communication Services

EEJG.L
8.4%
CNKY.L
14.0%

Real Estate

EEJG.L
4.0%
CNKY.L
1.2%

Basic Materials

EEJG.L
1.4%
CNKY.L
4.1%

Consumer Defensive

EEJG.L
0.8%
CNKY.L
3.0%

Energy

EEJG.L
0.1%
CNKY.L
0.3%

Utilities

EEJG.L
0.1%
CNKY.L
0.2%

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 ESG Enhanced UCITS ETF USD (Dist)

iShares Nikkei 225 UCITS ETF (Acc)

Often compared with EEJG.L:
EEJG.L vs. VJPN.LEEJG.L vs. PRIJ.LEEJG.L vs. VUAG.LEEJG.L vs. VUAA.LEEJG.L vs. VJPB.LEEJG.L vs. PAJS.LEEJG.L vs. DXJP.L
Often compared with CNKY.L:
CNKY.L vs. XDJP.LCNKY.L vs. SPYCNKY.L vs. S400.LCNKY.L vs. SJPA.LCNKY.L vs. VOOCNKY.L vs. LGUG.LCNKY.L vs. HSTC.L

Return for Risk

EEJG.L vs. CNKY.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEJG.L
EEJG.L Risk / Return Rank: 5757
Overall Rank
EEJG.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
EEJG.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
EEJG.L Omega Ratio Rank: 5858
Omega Ratio Rank
EEJG.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
EEJG.L Martin Ratio Rank: 5757
Martin Ratio Rank
CNKY.L
CNKY.L Risk / Return Rank: 8383
Overall Rank
CNKY.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CNKY.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
CNKY.L Omega Ratio Rank: 7979
Omega Ratio Rank
CNKY.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
CNKY.L Martin Ratio Rank: 7676
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.

EEJG.L vs. CNKY.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.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.

EEJG.LCNKY.LDifference
Sharpe ratioReturn per unit of total volatility
1.82
2.81

-0.99

Sortino ratioReturn per unit of downside risk
2.62
3.90

-1.28

Omega ratioGain probability vs. loss probability

1.35

1.47

-0.12

Calmar ratioReturn relative to maximum drawdown

3.01

4.76

-1.76

Martin ratioReturn relative to average drawdown

9.84

14.40

-4.56

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

EEJG.L vs. CNKY.L - Sharpe Ratio Comparison

The current EEJG.L Sharpe Ratio is 1.82, which is lower than the CNKY.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of EEJG.L and CNKY.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

EEJG.LCNKY.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.82

2.81

-0.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.58

0.68

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.74

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.67

0.00

Drawdowns

EEJG.L vs. CNKY.L - Drawdown Comparison

The maximum EEJG.L drawdown since its inception was -19.37%, smaller than the maximum CNKY.L drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for EEJG.L and CNKY.L.

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Drawdown Indicators

EEJG.LCNKY.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.37%

-23.61%

+4.24%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-13.32%

+1.93%

Max Drawdown (3Y)

Largest decline over 3 years

-13.99%

-19.39%

+5.40%

Max Drawdown (5Y)

Largest decline over 5 years

-19.37%

-20.83%

+1.46%

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.61%

—

Current Drawdown

Current decline from peak

-0.30%

-1.22%

+0.92%

Average Drawdown

Average peak-to-trough decline

-5.78%

-7.33%

+1.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.48%

4.41%

-0.93%

Volatility

EEJG.L vs. CNKY.L - Volatility Comparison

The current volatility for iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) is 4.29%, while iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a volatility of 6.86%. This indicates that EEJG.L experiences smaller price fluctuations and is considered to be less risky than CNKY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEJG.LCNKY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.29%

6.86%

-2.57%

Volatility (6M)

Calculated over the trailing 6-month period

15.23%

17.88%

-2.65%

Volatility (1Y)

Calculated over the trailing 1-year period

18.80%

22.59%

-3.79%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.92%

17.76%

-1.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.99%

17.22%

-1.23%

EEJG.L vs. CNKY.L - Expense Ratio Comparison

EEJG.L has a 0.15% expense ratio, which is lower than CNKY.L's 0.48% expense ratio.

Dividends

EEJG.L vs. CNKY.L - Dividend Comparison

EEJG.L's dividend yield for the trailing twelve months is around 1.36%, while CNKY.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020
CNKY.L
iShares Nikkei 225 UCITS ETF (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EEJG.L
iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)		1.36%1.57%1.81%1.74%2.10%1.69%1.64%

Frequently Asked Questions

EEJG.L and CNKY.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

EEJG.L is cheaper with a 0.15% expense ratio, compared with 0.48% for CNKY.L.

Both ETFs track TOPIX TR JPY. Their fees differ too: 0.15% for EEJG.L and 0.48% for CNKY.L.

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