FJPS.L vs. S400.L
Compare and contrast key facts about Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) and Invesco JPX-Nikkei 400 UCITS ETF (S400.L).
FJPS.L and S400.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FJPS.L is a passively managed fund by FIL Investment Management (Luxembourg) S.A., Irela that tracks the performance of the TOPIX TR JPY. It was launched on Dec 1, 2020. S400.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Sep 10, 2014. Both FJPS.L and S400.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
FJPS.L vs. S400.L - Performance Comparison
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FJPS.L vs. S400.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FJPS.L Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc | 7.15% | 14.84% | 8.88% | 12.32% | -5.11% | 2.90% | 1.92% |
S400.L Invesco JPX-Nikkei 400 UCITS ETF | 9.32% | 17.62% | 8.31% | 13.66% | -5.83% | 0.91% | 1.14% |
Different Trading Currencies
FJPS.L is traded in GBP, while S400.L is traded in GBp. To make them comparable, the S400.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FJPS.L achieves a 7.15% return, which is significantly lower than S400.L's 9.32% return.
FJPS.L
- 1D
- 4.26%
- 1M
- -2.44%
- YTD
- 7.15%
- 6M
- 11.63%
- 1Y
- 26.57%
- 3Y*
- 13.02%
- 5Y*
- 7.96%
- 10Y*
- —
S400.L
- 1D
- 3.87%
- 1M
- -3.00%
- YTD
- 9.32%
- 6M
- 14.18%
- 1Y
- 29.21%
- 3Y*
- 14.84%
- 5Y*
- 8.41%
- 10Y*
- 9.83%
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FJPS.L vs. S400.L - Expense Ratio Comparison
FJPS.L has a 0.30% expense ratio, which is higher than S400.L's 0.19% expense ratio.
Return for Risk
FJPS.L vs. S400.L — Risk / Return Rank
FJPS.L
S400.L
FJPS.L vs. S400.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 Invesco JPX-Nikkei 400 UCITS ETF (S400.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.L | S400.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.59 | -0.24 |
Sortino ratioReturn per unit of downside risk | 1.91 | 2.20 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.92 | -0.28 |
Martin ratioReturn relative to average drawdown | 9.42 | 10.75 | -1.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FJPS.L | S400.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.59 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.55 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.58 | -0.07 |
Correlation
The correlation between FJPS.L and S400.L is 0.97, 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
FJPS.L vs. S400.L - Dividend Comparison
Neither FJPS.L nor S400.L has paid dividends to shareholders.
Drawdowns
FJPS.L vs. S400.L - Drawdown Comparison
The maximum FJPS.L drawdown since its inception was -17.38%, smaller than the maximum S400.L drawdown of -24.69%. Use the drawdown chart below to compare losses from any high point for FJPS.L and S400.L.
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Drawdown Indicators
| FJPS.L | S400.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.38% | -24.69% | +7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -10.45% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -19.34% | +1.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.69% | — |
Current DrawdownCurrent decline from peak | -5.17% | -5.43% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -5.15% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.84% | +0.10% |
Volatility
FJPS.L vs. S400.L - Volatility Comparison
Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) has a higher volatility of 8.79% compared to Invesco JPX-Nikkei 400 UCITS ETF (S400.L) at 8.27%. This indicates that FJPS.L's price experiences larger fluctuations and is considered to be riskier than S400.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FJPS.L | S400.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 8.27% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 14.01% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.62% | 18.33% | +1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.95% | 15.32% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.77% | 15.84% | -0.07% |