HPJS.L vs. HSJP.L

Last updated Apr 1, 2026

Compare and contrast key facts about HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L).

HPJS.L and HSJP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HPJS.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Nov 10, 2021. HSJP.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Jun 4, 2020. Both HPJS.L and HSJP.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

HPJS.L vs. HSJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L). The values are adjusted to include any dividend payments, if applicable.

HPJS.L vs. HSJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF	-1.39%	14.99%	-1.51%	9.90%	-15.00%	-3.14%
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD	1.51%	18.24%	13.93%	13.26%	-5.31%	-3.19%

Returns By Period

In the year-to-date period, HPJS.L achieves a -1.39% return, which is significantly lower than HSJP.L's 1.51% return.

HPJS.L

• 1D: 0.63%
• 1M: -10.63%
• YTD: -1.39%
• 6M: 2.98%
• 1Y: 17.45%
• 3Y*: 5.59%
• 5Y*: —
• 10Y*: —

HSJP.L

• 1D: 0.11%
• 1M: -9.94%
• YTD: 1.51%
• 6M: 8.23%
• 1Y: 19.87%
• 3Y*: 14.19%
• 5Y*: 8.56%
• 10Y*: —

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

HPJS.L vs. HSJP.L - Expense Ratio Comparison

Both HPJS.L and HSJP.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

HPJS.L

HSBC MSCI Japan Climate Paris Aligned UCITS ETF

HSJP.L

HSBC Japan Sustainable Equity UCITS ETF USD

Return for Risk

HPJS.L vs. HSJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPJS.L

HPJS.L Risk / Return Rank: 51
HPJS.L Sharpe Ratio Rank: 51
HPJS.L Sortino Ratio Rank: 54
HPJS.L Omega Ratio Rank: 45
HPJS.L Calmar Ratio Rank: 53
HPJS.L Martin Ratio Rank: 51

HSJP.L

HSJP.L Risk / Return Rank: 57
HSJP.L Sharpe Ratio Rank: 58
HSJP.L Sortino Ratio Rank: 55
HSJP.L Omega Ratio Rank: 53
HSJP.L Calmar Ratio Rank: 63
HSJP.L Martin Ratio Rank: 56

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.

HPJS.L vs. HSJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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.

	HPJS.L	HSJP.L	Difference
Sharpe ratio Return per unit of total volatility	0.95	1.04	-0.08
Sortino ratio Return per unit of downside risk	1.46	1.47	-0.01
Omega ratio Gain probability vs. loss probability	1.18	1.20	-0.02
Calmar ratio Return relative to maximum drawdown	1.40	1.63	-0.24
Martin ratio Return relative to average drawdown	5.07	5.54	-0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPJS.L vs. HSJP.L - Sharpe Ratio Comparison

The current HPJS.L Sharpe Ratio is 0.95, which is comparable to the HSJP.L Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of HPJS.L and HSJP.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HPJS.L	HSJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.95	1.04	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.64	-0.63

Correlation

The correlation between HPJS.L and HSJP.L is 0.88, 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

HPJS.L vs. HSJP.L - Dividend Comparison

Neither HPJS.L nor HSJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

HPJS.L vs. HSJP.L - Drawdown Comparison

The maximum HPJS.L drawdown since its inception was -24.65%, which is greater than HSJP.L's maximum drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for HPJS.L and HSJP.L.

Drawdown Indicators

	HPJS.L	HSJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.65%	-16.22%	-8.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.22%	-12.15%	-0.07%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.22%	—
Current Drawdown Current decline from peak	-10.63%	-10.64%	+0.01%
Average Drawdown Average peak-to-trough decline	-11.75%	-4.63%	-7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.58%	-0.22%

Volatility

HPJS.L vs. HSJP.L - Volatility Comparison

The current volatility for HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) is 8.32%, while HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) has a volatility of 8.88%. This indicates that HPJS.L experiences smaller price fluctuations and is considered to be less risky than HSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPJS.L	HSJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.32%	8.88%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	13.91%	14.48%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	19.09%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.67%	15.79%	-0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	15.75%	-0.08%