EEJG.L vs. PAJS.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L).

EEJG.L and PAJS.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEJG.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Mar 8, 2019. PAJS.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Dec 6, 2021. Both EEJG.L and PAJS.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EEJG.L vs. PAJS.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 Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	3.55%	17.60%	6.43%	13.48%	-8.04%	-3.26%
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc	-1.68%	13.24%	0.76%	8.67%	-14.19%	-3.23%

Different Trading Currencies

EEJG.L is traded in GBP, while PAJS.L is traded in GBp. To make them comparable, the PAJS.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 3.55% return, which is significantly higher than PAJS.L's -1.68% return.

EEJG.L

• 1D: 0.24%
• 1M: -9.96%
• YTD: 3.55%
• 6M: 8.80%
• 1Y: 20.96%
• 3Y*: 12.12%
• 5Y*: 6.58%
• 10Y*: —

PAJS.L

• 1D: 0.66%
• 1M: -10.30%
• YTD: -1.68%
• 6M: 0.34%
• 1Y: 12.26%
• 3Y*: 5.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

EEJG.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%.

PAJS.L

Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc

EEJG.L

iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)

Return for Risk

EEJG.L vs. PAJS.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: 65
EEJG.L Sharpe Ratio Rank: 62
EEJG.L Sortino Ratio Rank: 61
EEJG.L Omega Ratio Rank: 57
EEJG.L Calmar Ratio Rank: 76
EEJG.L Martin Ratio Rank: 68

PAJS.L

PAJS.L Risk / Return Rank: 36
PAJS.L Sharpe Ratio Rank: 35
PAJS.L Sortino Ratio Rank: 37
PAJS.L Omega Ratio Rank: 32
PAJS.L Calmar Ratio Rank: 38
PAJS.L Martin Ratio Rank: 38

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. PAJS.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 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.

	EEJG.L	PAJS.L	Difference
Sharpe ratio Return per unit of total volatility	1.09	0.68	+0.42
Sortino ratio Return per unit of downside risk	1.59	1.08	+0.51
Omega ratio Gain probability vs. loss probability	1.22	1.13	+0.08
Calmar ratio Return relative to maximum drawdown	2.01	1.01	+1.00
Martin ratio Return relative to average drawdown	7.05	3.55	+3.50
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. PAJS.L - Sharpe Ratio Comparison

The current EEJG.L Sharpe Ratio is 1.09, which is higher than the PAJS.L Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of EEJG.L and PAJS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EEJG.L	PAJS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.68	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.01	+0.55

Correlation

The correlation between EEJG.L and PAJS.L is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

EEJG.L vs. PAJS.L - Dividend Comparison

EEJG.L's dividend yield for the trailing twelve months is around 1.52%, while PAJS.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	1.52%	1.57%	1.81%	1.74%	2.10%	1.69%	1.64%
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%

Drawdowns

EEJG.L vs. PAJS.L - Drawdown Comparison

The maximum EEJG.L drawdown since its inception was -19.37%, smaller than the maximum PAJS.L drawdown of -29.71%. Use the drawdown chart below to compare losses from any high point for EEJG.L and PAJS.L.

Drawdown Indicators

	EEJG.L	PAJS.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-29.71%	+10.34%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-11.92%	+0.53%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	—	—
Current Drawdown Current decline from peak	-9.96%	-15.12%	+5.16%
Average Drawdown Average peak-to-trough decline	-5.85%	-16.72%	+10.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	3.40%	-0.15%

Volatility

EEJG.L vs. PAJS.L - Volatility Comparison

iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) has a higher volatility of 9.48% compared to Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) at 8.33%. This indicates that EEJG.L's price experiences larger fluctuations and is considered to be riskier than PAJS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEJG.L	PAJS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	8.33%	+1.15%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	13.58%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	18.06%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	22.31%	-6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	22.31%	-6.53%