HSJP.L vs. XDJP.L

Last updated Jun 5, 2026

HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) and XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) are both Japan Equities funds tracking the TOPIX TR JPY, from HSBC and Xtrackers respectively. Both are passively managed. Over the past 5 years, HSJP.L returned 11.11%/yr vs 12.61%/yr for XDJP.L. Their correlation of 0.86 suggests significant overlap in exposure. HSJP.L charges 0.18%/yr vs 0.09%/yr for XDJP.L.

Performance

HSJP.L vs. XDJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) and Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HSJP.L is traded in GBP, while XDJP.L is traded in GBp. To make them comparable, the XDJP.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 13.21% return, which is significantly lower than XDJP.L's 31.98% return.

HSJP.L

• 1D: 0.17%
• 1M: 5.57%
• YTD: 13.21%
• 6M: 13.55%
• 1Y: 31.43%
• 3Y*: 16.72%
• 5Y*: 11.11%
• 10Y*: —

XDJP.L

• 1D: -1.35%
• 1M: 10.95%
• YTD: 31.98%
• 6M: 29.24%
• 1Y: 64.30%
• 3Y*: 20.95%
• 5Y*: 12.61%
• 10Y*: 13.14%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD	13.21%	18.24%	13.93%	13.26%	-5.31%	4.55%	14.34%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	31.98%	21.04%	9.67%	15.52%	-10.26%	-3.79%	18.05%

Correlation

The correlation between HSJP.L and XDJP.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020	0.86

The correlation between HSJP.L and XDJP.L shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

HSJP.L vs. XDJP.L - Sectors Allocation Comparison

Sectors	HSJP.L	XDJP.L
Financial Services	20.9%	3.1%
Industrials	19.9%	19.4%
Technology	19.0%	31.9%
Consumer Cyclical	17.3%	16.9%
Communication Services	9.6%	12.4%
Healthcare	5.5%	6.7%
Consumer Defensive	4.3%	3.3%
Real Estate	2.3%	1.5%
Basic Materials	1.0%	4.3%
Energy	0.1%	0.3%
Utilities	0.0%	0.2%

Return for Risk

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

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

HSJP.L

HSJP.L Risk / Return Rank: 47
HSJP.L Sharpe Ratio Rank: 47
HSJP.L Sortino Ratio Rank: 46
HSJP.L Omega Ratio Rank: 49
HSJP.L Calmar Ratio Rank: 50
HSJP.L Martin Ratio Rank: 45

XDJP.L

XDJP.L Risk / Return Rank: 84
XDJP.L Sharpe Ratio Rank: 87
XDJP.L Sortino Ratio Rank: 87
XDJP.L Omega Ratio Rank: 81
XDJP.L Calmar Ratio Rank: 86
XDJP.L Martin Ratio Rank: 77

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.

HSJP.L vs. XDJP.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 Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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.

	HSJP.L	XDJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.85	-1.24
Sortino ratio: Return per unit of downside risk	2.26	3.94	-1.68
Omega ratio: Gain probability vs. loss probability	1.30	1.48	-0.17
Calmar ratio: Return relative to maximum drawdown	2.47	4.77	-2.31
Martin ratio: Return relative to average drawdown	7.35	14.50	-7.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HSJP.L Sharpe Ratio is 1.61, which is lower than the XDJP.L Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of HSJP.L and XDJP.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

	HSJP.L	XDJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.85	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.71	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.75	-0.01

Drawdowns

HSJP.L vs. XDJP.L - Drawdown Comparison

The maximum HSJP.L drawdown since its inception was -16.22%, smaller than the maximum XDJP.L drawdown of -23.69%. Use the drawdown chart below to compare losses from any high point for HSJP.L and XDJP.L.

Drawdown Indicators

	HSJP.L	XDJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.22%	-23.69%	+7.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.15%	-13.40%	+1.25%
Max Drawdown (3Y) Largest decline over 3 years	-13.09%	-18.82%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-16.22%	-20.61%	+4.39%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.69%	—
Current Drawdown Current decline from peak	-0.33%	-1.35%	+1.02%
Average Drawdown Average peak-to-trough decline	-4.65%	-6.79%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	4.42%	-0.34%

Volatility

HSJP.L vs. XDJP.L - Volatility Comparison

The current volatility for HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) is 3.87%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a volatility of 6.75%. This indicates that HSJP.L experiences smaller price fluctuations and is considered to be less risky than XDJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSJP.L	XDJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	6.75%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	17.68%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	18.66%	22.44%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	17.72%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	17.63%	-1.71%

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

HSJP.L has a 0.18% expense ratio, which is higher than XDJP.L's 0.09% 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%.

Dividends

HSJP.L vs. XDJP.L - Dividend Comparison

HSJP.L has not paid dividends to shareholders, while XDJP.L's dividend yield for the trailing twelve months is around 1.04%.

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%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	1.04%	1.33%	1.41%	1.59%	2.47%	1.20%	1.11%	1.13%	1.24%	0.72%	0.83%	0.16%

Frequently Asked Questions

Can I hold both HSJP.L and XDJP.L in my portfolio?

HSJP.L and XDJP.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSJP.L or XDJP.L?

On fees, XDJP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSJP.L or XDJP.L?

XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.18% for HSJP.L.

What is the main difference between HSJP.L and XDJP.L?

Both ETFs track TOPIX TR JPY. They also come from different issuers: HSBC and Xtrackers. Their fees differ too: 0.18% for HSJP.L and 0.09% for XDJP.L.