ESJS.L vs. ISJP.L
ESJS.L (Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - ESJS.L tracks the TOPIX TR JPY while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 5 years, ESJS.L returned 9.73%/yr vs 7.70%/yr for ISJP.L. Their correlation of 0.84 suggests significant overlap in exposure. ESJS.L charges 0.19%/yr vs 0.58%/yr for ISJP.L.
Performance
ESJS.L vs. ISJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, ESJS.L achieves a 14.30% return, which is significantly higher than ISJP.L's 12.82% return.
ESJS.L
- 1D
- -0.97%
- 1M
- -3.72%
- 6M
- 7.59%
- YTD
- 14.30%
- 1Y
- 32.76%
- 3Y*
- 16.70%
- 5Y*
- 9.73%
- 10Y*
- —
ISJP.L
- 1D
- -2.09%
- 1M
- -3.18%
- 6M
- 7.92%
- YTD
- 12.82%
- 1Y
- 25.88%
- 3Y*
- 14.88%
- 5Y*
- 7.70%
- 10Y*
- 7.47%
ESJS.L vs. ISJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESJS.L Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc | 14.30% | 18.47% | 9.64% | 12.97% | -7.90% | -27.12% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 12.82% | 20.89% | 4.99% | 7.01% | -2.01% | -3.02% |
Correlation
The correlation between ESJS.L and ISJP.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021 | 0.84 |
The correlation between ESJS.L and ISJP.L has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
ESJS.L vs. ISJP.L — Risk / Return Rank
ESJS.L
ISJP.L
ESJS.L vs. ISJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.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.
| ESJS.L | ISJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.29 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.38 | +0.83 |
| Martin ratioReturn relative to average drawdown | 9.71 | 7.77 | +1.94 |
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Drawdowns
ESJS.L vs. ISJP.L - Drawdown Comparison
The maximum ESJS.L drawdown since its inception was -37.23%, smaller than the maximum ISJP.L drawdown of -62.77%. Use the drawdown chart below to compare losses from any high point for ESJS.L and ISJP.L.
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Drawdown Indicators
| ESJS.L | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -62.77% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.62% | -10.84% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -11.23% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -19.38% | -21.01% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.98% | — |
Current DrawdownCurrent decline from peak | -6.10% | -5.57% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -21.66% | -19.76% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 3.32% | +0.20% |
Volatility
ESJS.L vs. ISJP.L - Volatility Comparison
Invesco MSCI Japan ESG Universal Screened UCITS ETF Acc (ESJS.L) has a higher volatility of 6.75% compared to iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) at 5.12%. This indicates that ESJS.L's price experiences larger fluctuations and is considered to be riskier than ISJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESJS.L | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.75% | 5.12% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 14.06% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 16.05% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 14.30% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 15.49% | +4.51% |
ESJS.L vs. ISJP.L - Expense Ratio Comparison
ESJS.L has a 0.19% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
ESJS.L vs. ISJP.L - Dividend Comparison
ESJS.L has not paid dividends to shareholders, while ISJP.L's dividend yield for the trailing twelve months is around 0.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESJS.L Invesco MSCI Japan ESG Universal Screened 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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.99% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
Frequently Asked Questions
ESJS.L and ISJP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESJS.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESJS.L is cheaper with a 0.19% expense ratio, compared with 0.58% for ISJP.L.
ESJS.L tracks TOPIX TR JPY, while ISJP.L tracks MSCI Japan Small Cap NR JPY. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESJS.L and 0.58% for ISJP.L.
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