HMJP.L vs. SJPA.L
Compare and contrast key facts about HSBC MSCI Japan UCITS ETF USD (HMJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L).
HMJP.L and SJPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HMJP.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Mar 23, 2010. SJPA.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Sep 25, 2009. Both HMJP.L and SJPA.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HMJP.L or SJPA.L.
Key characteristics
| HMJP.L | SJPA.L | |
|---|---|---|
| YTD Return | 7.43% | 6.65% |
| 1Y Return | 11.73% | 10.97% |
| 3Y Return (Ann) | 3.52% | 3.09% |
| 5Y Return (Ann) | 4.90% | 4.32% |
| 10Y Return (Ann) | 8.12% | 8.08% |
| Sharpe Ratio | 0.73 | 0.73 |
| Sortino Ratio | 1.07 | 1.04 |
| Omega Ratio | 1.15 | 1.15 |
| Calmar Ratio | 0.98 | 0.90 |
| Martin Ratio | 2.67 | 2.62 |
| Ulcer Index | 4.39% | 4.20% |
| Daily Std Dev | 16.01% | 15.19% |
| Max Drawdown | -24.24% | -24.73% |
| Current Drawdown | -5.07% | -4.61% |
Correlation
The correlation between HMJP.L and SJPA.L is 0.91, 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.
Performance
HMJP.L vs. SJPA.L - Performance Comparison
In the year-to-date period, HMJP.L achieves a 7.43% return, which is significantly higher than SJPA.L's 6.65% return. Both investments have delivered pretty close results over the past 10 years, with HMJP.L having a 8.12% annualized return and SJPA.L not far behind at 8.08%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HMJP.L vs. SJPA.L - Expense Ratio Comparison
HMJP.L has a 0.19% expense ratio, which is higher than SJPA.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HMJP.L vs. SJPA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan UCITS ETF USD (HMJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.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.
Dividends
HMJP.L vs. SJPA.L - Dividend Comparison
HMJP.L's dividend yield for the trailing twelve months is around 1.66%, while SJPA.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMJP.L HSBC MSCI Japan UCITS ETF USD | 1.66% | 1.75% | 1.98% | 1.53% | 1.68% | 1.83% | 1.73% | 1.41% | 1.27% | 1.10% | 1.28% | 1.44% |
SJPA.L iShares Core MSCI Japan IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
HMJP.L vs. SJPA.L - Drawdown Comparison
The maximum HMJP.L drawdown since its inception was -24.24%, roughly equal to the maximum SJPA.L drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for HMJP.L and SJPA.L. For additional features, visit the drawdowns tool.
Volatility
HMJP.L vs. SJPA.L - Volatility Comparison
HSBC MSCI Japan UCITS ETF USD (HMJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) have volatilities of 4.39% and 4.38%, 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.