HSJP.L vs. IDJP.L
HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) and IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) are both Japan Equities funds - HSJP.L tracks the TOPIX TR JPY while IDJP.L tracks the MSCI Japan Small Cap Index (Net). Both are passively managed. Over the past 5 years, HSJP.L returned 10.66%/yr vs 7.72%/yr for IDJP.L. A 0.79 correlation means they provide meaningful diversification when combined. HSJP.L charges 0.18%/yr vs 0.58%/yr for IDJP.L.
Performance
HSJP.L vs. IDJP.L - Performance Comparison
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Different Trading Currencies
HSJP.L is traded in GBP, while IDJP.L is traded in USD. To make them comparable, the IDJP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSJP.L achieves a 10.89% return, which is significantly lower than IDJP.L's 12.78% return.
HSJP.L
- 1D
- -1.75%
- 1M
- -3.54%
- 6M
- 3.93%
- YTD
- 10.89%
- 1Y
- 30.22%
- 3Y*
- 16.66%
- 5Y*
- 10.66%
- 10Y*
- —
IDJP.L
- 1D
- -2.22%
- 1M
- -4.14%
- 6M
- 7.39%
- YTD
- 12.78%
- 1Y
- 25.89%
- 3Y*
- 14.74%
- 5Y*
- 7.72%
- 10Y*
- 7.42%
HSJP.L vs. IDJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 10.89% | 18.26% | 13.86% | 13.29% | -5.31% | 4.55% | -10.63% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.78% | 20.45% | 5.13% | 7.85% | -2.29% | -2.37% | 6.26% |
Correlation
The correlation between HSJP.L and IDJP.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.79 |
The correlation between HSJP.L and IDJP.L has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
HSJP.L vs. IDJP.L — Risk / Return Rank
HSJP.L
IDJP.L
HSJP.L vs. IDJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) and iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HSJP.L | IDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.22 | +0.26 |
| Martin ratioReturn relative to average drawdown | 7.35 | 7.18 | +0.17 |
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Drawdowns
HSJP.L vs. IDJP.L - Drawdown Comparison
The maximum HSJP.L drawdown since its inception was -25.60%, smaller than the maximum IDJP.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for HSJP.L and IDJP.L.
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Drawdown Indicators
| HSJP.L | IDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.60% | -31.52% | +5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.12% | -11.59% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -11.59% | -8.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -21.29% | +1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.85% | — |
Current DrawdownCurrent decline from peak | -4.88% | -5.69% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -8.88% | -6.72% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 3.60% | +0.50% |
Volatility
HSJP.L vs. IDJP.L - Volatility Comparison
The current volatility for HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) is 5.24%, while iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) has a volatility of 5.53%. This indicates that HSJP.L experiences smaller price fluctuations and is considered to be less risky than IDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSJP.L | IDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 5.53% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 15.70% | 15.50% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.27% | 17.53% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 15.17% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.13% | 16.47% | +5.66% |
HSJP.L vs. IDJP.L - Expense Ratio Comparison
HSJP.L has a 0.18% expense ratio, which is lower than IDJP.L's 0.58% expense ratio.
Dividends
HSJP.L vs. IDJP.L - Dividend Comparison
HSJP.L has not paid dividends to shareholders, while IDJP.L's dividend yield for the trailing twelve months is around 1.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.00% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
Frequently Asked Questions
HSJP.L and IDJP.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSJP.L is cheaper with a 0.18% expense ratio, compared with 0.58% for IDJP.L.
HSJP.L tracks TOPIX TR JPY, while IDJP.L tracks MSCI Japan Small Cap Index (Net). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.18% for HSJP.L and 0.58% for IDJP.L.
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