FJPS.L vs. VJPN.L

Last updated Jun 5, 2026

FJPS.L (Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc) and VJPN.L (Vanguard FTSE Japan UCITS ETF Distributing) are both Japan Equities funds tracking the TOPIX TR JPY, from FIL Investment Management (Luxembourg) S.A., Irela and Vanguard respectively. Both are passively managed. Over the past 5 years, FJPS.L returned 10.03%/yr vs 10.73%/yr for VJPN.L. With a 0.97 correlation, they move nearly in lockstep. FJPS.L charges 0.30%/yr vs 0.15%/yr for VJPN.L.

Performance

FJPS.L vs. VJPN.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 Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with FJPS.L having a 16.69% return and VJPN.L slightly lower at 16.32%.

FJPS.L

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

VJPN.L

• 1D: 0.70%
• 1M: 6.43%
• YTD: 16.32%
• 6M: 16.26%
• 1Y: 35.06%
• 3Y*: 16.39%
• 5Y*: 10.73%
• 10Y*: 11.10%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%
VJPN.L Vanguard FTSE Japan UCITS ETF Distributing	16.32%	18.86%	9.05%	14.00%	-5.70%	2.26%	2.00%

Correlation

The correlation between FJPS.L and VJPN.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.97

The correlation between FJPS.L and VJPN.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

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

Sectors	FJPS.L	VJPN.L
Industrials	21.9%	26.6%
Technology	19.8%	17.4%
Financial Services	18.9%	15.9%
Consumer Cyclical	11.4%	12.8%
Communication Services	9.0%	7.1%
Healthcare	6.1%	5.9%
Consumer Defensive	4.2%	4.2%
Basic Materials	4.0%	4.3%
Real Estate	2.0%	3.4%
Energy	1.8%	1.0%
Utilities	0.8%	1.3%

Return for Risk

FJPS.L vs. VJPN.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: 58
FJPS.L Sharpe Ratio Rank: 54
FJPS.L Sortino Ratio Rank: 54
FJPS.L Omega Ratio Rank: 57
FJPS.L Calmar Ratio Rank: 65
FJPS.L Martin Ratio Rank: 60

VJPN.L

VJPN.L Risk / Return Rank: 60
VJPN.L Sharpe Ratio Rank: 57
VJPN.L Sortino Ratio Rank: 59
VJPN.L Omega Ratio Rank: 61
VJPN.L Calmar Ratio Rank: 65
VJPN.L Martin Ratio Rank: 59

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. VJPN.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 Vanguard FTSE Japan UCITS ETF Distributing (VJPN.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	VJPN.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.91	-0.08
Sortino ratio: Return per unit of downside risk	2.56	2.75	-0.19
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.03
Calmar ratio: Return relative to maximum drawdown	3.20	3.20	0.00
Martin ratio: Return relative to average drawdown	10.51	10.40	+0.11
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. VJPN.L - Sharpe Ratio Comparison

The current FJPS.L Sharpe Ratio is 1.83, which is comparable to the VJPN.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FJPS.L and VJPN.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.

Sharpe Ratios by Period

	FJPS.L	VJPN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.91	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.69	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.62	-0.04

Drawdowns

FJPS.L vs. VJPN.L - Drawdown Comparison

The maximum FJPS.L drawdown since its inception was -17.38%, smaller than the maximum VJPN.L drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for FJPS.L and VJPN.L.

Drawdown Indicators

	FJPS.L	VJPN.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.38%	-25.19%	+7.81%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-10.68%	+0.18%
Max Drawdown (3Y) Largest decline over 3 years	-15.34%	-13.45%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-17.38%	-17.91%	+0.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.19%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.17%	-5.26%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	3.29%	-0.09%

Volatility

FJPS.L vs. VJPN.L - Volatility Comparison

Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) has a higher volatility of 4.30% compared to Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) at 3.85%. This indicates that FJPS.L's price experiences larger fluctuations and is considered to be riskier than VJPN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FJPS.L	VJPN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.85%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	15.08%	14.62%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	17.91%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	15.50%	+0.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	15.90%	0.00%

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

FJPS.L has a 0.30% expense ratio, which is higher than VJPN.L's 0.15% expense ratio.

Dividends

FJPS.L vs. VJPN.L - Dividend Comparison

FJPS.L has not paid dividends to shareholders, while VJPN.L's dividend yield for the trailing twelve months is around 2.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPS.L Fidelity Sustainable Research Enhanced Japan Equity 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%
VJPN.L Vanguard FTSE Japan UCITS ETF Distributing	2.23%	2.54%	2.47%	2.39%	2.64%	2.31%	2.14%	2.36%	2.55%	1.94%	2.04%	2.08%

Frequently Asked Questions

Can I hold both FJPS.L and VJPN.L in my portfolio?

With a correlation of 0.93, FJPS.L and VJPN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FJPS.L or VJPN.L?

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

Which ETF is cheaper, FJPS.L or VJPN.L?

VJPN.L is cheaper with a 0.15% expense ratio, compared with 0.30% for FJPS.L.

What is the main difference between FJPS.L and VJPN.L?

Both ETFs track TOPIX TR JPY. They also come from different issuers: FIL Investment Management (Luxembourg) S.A., Irela and Vanguard. Their fees differ too: 0.30% for FJPS.L and 0.15% for VJPN.L.