HPJS.L vs. JARI.L
HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) and JARI.L (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds tracking the TOPIX TR JPY, from HSBC and Amundi respectively. Both are passively managed. Over the past 3 years, HPJS.L returned 7.09%/yr vs 1.77%/yr for JARI.L. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
HPJS.L vs. JARI.L - Performance Comparison
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Different Trading Currencies
HPJS.L is traded in GBP, while JARI.L is traded in GBp. To make them comparable, the JARI.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HPJS.L achieves a 8.46% return, which is significantly higher than JARI.L's 2.58% return.
HPJS.L
- 1D
- -1.17%
- 1M
- 3.06%
- YTD
- 8.46%
- 6M
- 6.41%
- 1Y
- 25.00%
- 3Y*
- 7.09%
- 5Y*
- —
- 10Y*
- —
JARI.L
- 1D
- -0.40%
- 1M
- 4.23%
- YTD
- 2.58%
- 6M
- 1.49%
- 1Y
- 12.60%
- 3Y*
- 1.77%
- 5Y*
- 1.63%
- 10Y*
- —
HPJS.L vs. JARI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 8.46% | 14.99% | -1.51% | 9.90% | -15.00% | -3.14% |
JARI.L Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 2.58% | 10.15% | -2.37% | 5.00% | -10.79% | -3.44% |
Correlation
The correlation between HPJS.L and JARI.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.77 |
The correlation between HPJS.L and JARI.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
HPJS.L vs. JARI.L — Risk / Return Rank
HPJS.L
JARI.L
HPJS.L vs. JARI.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 Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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 | JARI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.20 | +0.84 |
| Martin ratioReturn relative to average drawdown | 6.70 | 3.31 | +3.39 |
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
| HPJS.L | JARI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.72 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.02 | +0.13 |
Drawdowns
HPJS.L vs. JARI.L - Drawdown Comparison
The maximum HPJS.L drawdown since its inception was -24.65%, which is greater than JARI.L's maximum drawdown of -22.78%. Use the drawdown chart below to compare losses from any high point for HPJS.L and JARI.L.
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Drawdown Indicators
| HPJS.L | JARI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.65% | -22.78% | -1.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.22% | -10.47% | -1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -17.24% | -14.89% | -2.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.78% | — |
Current DrawdownCurrent decline from peak | -1.70% | -4.56% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -11.45% | -12.30% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.80% | -0.08% |
Volatility
HPJS.L vs. JARI.L - Volatility Comparison
HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) has a higher volatility of 4.72% compared to Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.L) at 4.18%. This indicates that HPJS.L's price experiences larger fluctuations and is considered to be riskier than JARI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HPJS.L | JARI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 4.18% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.68% | 13.96% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.43% | 17.35% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 17.35% | -1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 17.73% | -1.79% |
HPJS.L vs. JARI.L - Expense Ratio Comparison
Both HPJS.L and JARI.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%.
Dividends
HPJS.L vs. JARI.L - Dividend Comparison
Neither HPJS.L nor JARI.L has paid dividends to shareholders.
Frequently Asked Questions
HPJS.L and JARI.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HPJS.L and JARI.L have the same expense ratio: 0.18% per year.
Both ETFs track TOPIX TR JPY. They also come from different issuers: HSBC and Amundi.
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