IDJP.L vs. SAJP.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) are both Japan Equities funds from iShares - IDJP.L tracks the MSCI Japan Small Cap Index (Net) while SAJP.L tracks the MSCI Japan Screened Index. Both are passively managed. Over the past 5 years, IDJP.L returned 7.23%/yr vs 8.43%/yr for SAJP.L. Their correlation of 0.87 suggests significant overlap in exposure. IDJP.L charges 0.58%/yr vs 0.15%/yr for SAJP.L.
Performance
IDJP.L vs. SAJP.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IDJP.L having a 12.62% return and SAJP.L slightly higher at 13.04%.
IDJP.L
- 1D
- -2.38%
- 1M
- -2.94%
- 6M
- 8.01%
- YTD
- 12.62%
- 1Y
- 26.24%
- 3Y*
- 15.94%
- 5Y*
- 7.23%
- 10Y*
- 7.71%
SAJP.L
- 1D
- -2.60%
- 1M
- -5.84%
- 6M
- 6.85%
- YTD
- 13.04%
- 1Y
- 30.18%
- 3Y*
- 15.72%
- 5Y*
- 8.43%
- 10Y*
- —
IDJP.L vs. SAJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 12.62% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -9.89% |
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 13.04% | 25.26% | 6.44% | 20.16% | -17.41% | 0.61% | 17.09% | 19.24% | -9.46% |
Correlation
The correlation between IDJP.L and SAJP.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.87 |
The correlation between IDJP.L and SAJP.L has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. SAJP.L — Risk / Return Rank
IDJP.L
SAJP.L
IDJP.L vs. SAJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) and iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.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.
| IDJP.L | SAJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.33 | -0.24 |
| Martin ratioReturn relative to average drawdown | 6.67 | 7.55 | -0.88 |
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Drawdowns
IDJP.L vs. SAJP.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, which is greater than SAJP.L's maximum drawdown of -32.71%. Use the drawdown chart below to compare losses from any high point for IDJP.L and SAJP.L.
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Drawdown Indicators
| IDJP.L | SAJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -32.71% | -6.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -12.88% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -14.47% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -32.71% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -7.42% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -7.95% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 3.99% | -0.06% |
Volatility
IDJP.L vs. SAJP.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.64%, while iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a volatility of 7.48%. This indicates that IDJP.L experiences smaller price fluctuations and is considered to be less risky than SAJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDJP.L | SAJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 7.48% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 18.33% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.26% | 21.97% | -3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 18.58% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 18.94% | -2.28% |
IDJP.L vs. SAJP.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than SAJP.L's 0.15% expense ratio.
Dividends
IDJP.L vs. SAJP.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.00%, while SAJP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDJP.L and SAJP.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAJP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAJP.L is cheaper with a 0.15% expense ratio, compared with 0.58% for IDJP.L.
IDJP.L tracks MSCI Japan Small Cap Index (Net), while SAJP.L tracks MSCI Japan Screened Index. Their fees differ too: 0.58% for IDJP.L and 0.15% for SAJP.L.
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