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FJPS.L vs. IJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FJPS.L vs. IJPA.L

Last updated Jun 5, 2026

FJPS.L (Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both Japan Equities funds - FJPS.L tracks the TOPIX TR JPY while IJPA.L tracks the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past 5 years, FJPS.L returned 10.03%/yr vs 10.04%/yr for IJPA.L. Their correlation of 0.92 suggests significant overlap in exposure. FJPS.L charges 0.30%/yr vs 0.12%/yr for IJPA.L.

Performance

FJPS.L vs. IJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FJPS.L is traded in GBP, while IJPA.L is traded in USD. To make them comparable, the IJPA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with FJPS.L having a 16.69% return and IJPA.L slightly lower at 16.15%.

FJPS.L

1D
0.27%
1M
7.52%
YTD
16.69%
6M
15.62%
1Y
33.78%
3Y*
14.39%
5Y*
10.03%
10Y*
—

IJPA.L

1D
-0.05%
1M
6.14%
YTD
16.15%
6M
15.80%
1Y
33.76%
3Y*
15.71%
5Y*
10.04%
10Y*
10.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FJPS.L vs. IJPA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FJPS.L
Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc		16.69%14.84%8.88%12.32%-5.11%2.90%1.92%
IJPA.L
iShares Core MSCI Japan IMI UCITS ETF USD Acc		16.15%18.21%8.48%13.38%-6.19%1.11%2.02%

Correlation

The correlation between FJPS.L and IJPA.L is 0.89, 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

0.89

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

0.93

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

0.92

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2020

0.92

The correlation between FJPS.L and IJPA.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

FJPS.L vs. IJPA.L - Sectors Allocation Comparison

Sectors
FJPS.L
IJPA.L

Industrials

21.9%
25.2%

Technology

19.8%
19.8%

Financial Services

18.9%
15.7%

Consumer Cyclical

11.4%
12.2%

Communication Services

9.0%
5.7%

Healthcare

6.1%
5.8%

Consumer Defensive

4.2%
4.0%

Basic Materials

4.0%
5.1%

Real Estate

2.0%
3.0%

Energy

1.8%
0.9%

Utilities

0.8%
1.2%

Industrials

FJPS.L
21.9%
IJPA.L
25.2%

Technology

FJPS.L
19.8%
IJPA.L
19.8%

Financial Services

FJPS.L
18.9%
IJPA.L
15.7%

Consumer Cyclical

FJPS.L
11.4%
IJPA.L
12.2%

Communication Services

FJPS.L
9.0%
IJPA.L
5.7%

Healthcare

FJPS.L
6.1%
IJPA.L
5.8%

Consumer Defensive

FJPS.L
4.2%
IJPA.L
4.0%

Basic Materials

FJPS.L
4.0%
IJPA.L
5.1%

Real Estate

FJPS.L
2.0%
IJPA.L
3.0%

Energy

FJPS.L
1.8%
IJPA.L
0.9%

Utilities

FJPS.L
0.8%
IJPA.L
1.2%

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Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc

iShares Core MSCI Japan IMI UCITS ETF USD Acc

Often compared with FJPS.L:
FJPS.L vs. SUJA.LFJPS.L vs. DXJA.LFJPS.L vs. DXJP.LFJPS.L vs. S400.LFJPS.L vs. JRIE.LFJPS.L vs. JARI.LFJPS.L vs. GLD
Often compared with IJPA.L:
IJPA.L vs. IJPE.LIJPA.L vs. VJPN.LIJPA.L vs. IJPD.LIJPA.L vs. GLDIJPA.L vs. IAUIJPA.L vs. VJPB.LIJPA.L vs. FBT.L

Return for Risk

FJPS.L vs. IJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FJPS.L
FJPS.L Risk / Return Rank: 5858
Overall Rank
FJPS.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
FJPS.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
FJPS.L Omega Ratio Rank: 5757
Omega Ratio Rank
FJPS.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
FJPS.L Martin Ratio Rank: 6060
Martin Ratio Rank
IJPA.L
IJPA.L Risk / Return Rank: 5151
Overall Rank
IJPA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IJPA.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
IJPA.L Omega Ratio Rank: 5151
Omega Ratio Rank
IJPA.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
IJPA.L Martin Ratio Rank: 5252
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.

FJPS.L vs. IJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.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.

FJPS.LIJPA.LDifference
Sharpe ratioReturn per unit of total volatility
1.83
1.81

+0.02

Sortino ratioReturn per unit of downside risk
2.56
2.62

-0.06

Omega ratioGain probability vs. loss probability

1.34

1.34

0.00

Calmar ratioReturn relative to maximum drawdown

3.20

3.16

+0.04

Martin ratioReturn relative to average drawdown

10.51

10.36

+0.15

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

FJPS.L vs. IJPA.L - Sharpe Ratio Comparison

The current FJPS.L Sharpe Ratio is 1.83, which is comparable to the IJPA.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of FJPS.L and IJPA.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

FJPS.LIJPA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.83

1.81

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.62

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.54

+0.05

Drawdowns

FJPS.L vs. IJPA.L - Drawdown Comparison

The maximum FJPS.L drawdown since its inception was -17.38%, smaller than the maximum IJPA.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for FJPS.L and IJPA.L.

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Drawdown Indicators

FJPS.LIJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.38%

-25.10%

+7.72%

Max Drawdown (1Y)

Largest decline over 1 year

-10.50%

-10.63%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-15.34%

-13.21%

-2.13%

Max Drawdown (5Y)

Largest decline over 5 years

-17.38%

-18.93%

+1.55%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.10%

—

Current Drawdown

Current decline from peak

0.00%

-0.05%

+0.05%

Average Drawdown

Average peak-to-trough decline

-5.17%

-6.35%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.20%

3.25%

-0.05%

Volatility

FJPS.L vs. IJPA.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) have volatilities of 4.30% and 4.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FJPS.LIJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

4.11%

+0.19%

Volatility (6M)

Calculated over the trailing 6-month period

15.08%

15.54%

-0.46%

Volatility (1Y)

Calculated over the trailing 1-year period

18.44%

18.61%

-0.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.10%

16.16%

-0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.90%

16.58%

-0.68%

FJPS.L vs. IJPA.L - Expense Ratio Comparison

FJPS.L has a 0.30% expense ratio, which is higher than IJPA.L's 0.12% expense ratio.

Dividends

FJPS.L vs. IJPA.L - Dividend Comparison

Neither FJPS.L nor IJPA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

FJPS.L and IJPA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IJPA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IJPA.L is cheaper with a 0.12% expense ratio, compared with 0.30% for FJPS.L.

FJPS.L tracks TOPIX TR JPY, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and iShares. Their fees differ too: 0.30% for FJPS.L and 0.12% for IJPA.L.

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