IJPA.L vs. JPSR.L

Last updated Jun 5, 2026

IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) and JPSR.L (UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis) are both Japan Equities funds - IJPA.L tracks the MSCI Japan Investable Market Index (IMI) while JPSR.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, IJPA.L returned 9.30%/yr vs 7.92%/yr for JPSR.L. A 0.77 correlation means they provide meaningful diversification when combined. IJPA.L charges 0.12%/yr vs 0.22%/yr for JPSR.L.

Performance

IJPA.L vs. JPSR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) and UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IJPA.L is traded in USD, while JPSR.L is traded in GBp. To make them comparable, the JPSR.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IJPA.L achieves a 15.68% return, which is significantly higher than JPSR.L's 11.00% return. Over the past 10 years, IJPA.L has outperformed JPSR.L with an annualized return of 9.30%, while JPSR.L has yielded a comparatively lower 7.92% annualized return.

IJPA.L

• 1D: -0.05%
• 1M: 5.18%
• YTD: 15.68%
• 6M: 16.60%
• 1Y: 32.47%
• 3Y*: 18.69%
• 5Y*: 8.86%
• 10Y*: 9.30%

JPSR.L

• 1D: -0.17%
• 1M: 7.22%
• YTD: 11.00%
• 6M: 12.29%
• 1Y: 26.80%
• 3Y*: 14.98%
• 5Y*: 6.33%
• 10Y*: 7.92%

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

IJPA.L vs. JPSR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc	15.68%	27.28%	6.62%	19.34%	-16.16%	0.16%	14.98%	18.46%	-14.15%	25.83%
JPSR.L UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis	11.00%	27.19%	6.83%	13.38%	-19.49%	-4.25%	21.47%	25.98%	-16.36%	20.45%

Correlation

The correlation between IJPA.L and JPSR.L is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 29, 2015	0.77

The correlation between IJPA.L and JPSR.L shifts across timeframes, from 0.77 (all time) to 0.91 (3 years), reflecting how their relationship changes across market environments.

IJPA.L vs. JPSR.L - Sectors Allocation Comparison

Sectors	IJPA.L	JPSR.L
Industrials	25.2%	21.7%
Technology	19.8%	22.8%
Financial Services	15.7%	18.2%
Consumer Cyclical	12.2%	8.1%
Healthcare	5.8%	6.7%
Communication Services	5.7%	13.0%
Basic Materials	5.1%	2.6%
Consumer Defensive	4.0%	2.9%
Real Estate	3.0%	4.0%
Utilities	1.2%	-
Energy	0.9%	-

Return for Risk

IJPA.L vs. JPSR.L — Risk / Return Rank

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

IJPA.L

IJPA.L Risk / Return Rank: 51
IJPA.L Sharpe Ratio Rank: 47
IJPA.L Sortino Ratio Rank: 51
IJPA.L Omega Ratio Rank: 51
IJPA.L Calmar Ratio Rank: 55
IJPA.L Martin Ratio Rank: 52

JPSR.L

JPSR.L Risk / Return Rank: 49
JPSR.L Sharpe Ratio Rank: 46
JPSR.L Sortino Ratio Rank: 45
JPSR.L Omega Ratio Rank: 48
JPSR.L Calmar Ratio Rank: 53
JPSR.L Martin Ratio Rank: 51

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.

IJPA.L vs. JPSR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) and UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.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.

	IJPA.L	JPSR.L	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.38	+0.25
Sortino ratio: Return per unit of downside risk	2.45	2.00	+0.45
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.66	2.16	+0.50
Martin ratio: Return relative to average drawdown	8.86	7.08	+1.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPA.L vs. JPSR.L - Sharpe Ratio Comparison

The current IJPA.L Sharpe Ratio is 1.63, which is comparable to the JPSR.L Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of IJPA.L and JPSR.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

	IJPA.L	JPSR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	1.38	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.36	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.50	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.52	-0.05

Drawdowns

IJPA.L vs. JPSR.L - Drawdown Comparison

The maximum IJPA.L drawdown since its inception was -32.47%, smaller than the maximum JPSR.L drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for IJPA.L and JPSR.L.

Drawdown Indicators

	IJPA.L	JPSR.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.47%	-35.04%	+2.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.15%	-12.54%	+0.39%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-14.63%	+0.67%
Max Drawdown (5Y) Largest decline over 5 years	-32.47%	-35.04%	+2.57%
Max Drawdown (10Y) Largest decline over 10 years	-32.47%	-35.04%	+2.57%
Current Drawdown Current decline from peak	-0.05%	-0.17%	+0.12%
Average Drawdown Average peak-to-trough decline	-8.06%	-10.43%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	3.81%	-0.15%

Volatility

IJPA.L vs. JPSR.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) and UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis (JPSR.L) have volatilities of 4.48% and 4.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IJPA.L	JPSR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.32%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	16.36%	15.68%	+0.68%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	19.60%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	17.88%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.86%	18.47%	-1.61%

IJPA.L vs. JPSR.L - Expense Ratio Comparison

IJPA.L has a 0.12% expense ratio, which is lower than JPSR.L's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IJPA.L vs. JPSR.L - Dividend Comparison

IJPA.L has not paid dividends to shareholders, while JPSR.L's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IJPA.L iShares Core MSCI Japan IMI 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%
JPSR.L UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETF (JPY) A-dis	1.03%	1.74%	1.67%	1.60%	1.71%	1.36%	1.36%	1.51%	1.58%	1.42%	1.16%

Frequently Asked Questions

Can I hold both IJPA.L and JPSR.L in my portfolio?

IJPA.L and JPSR.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IJPA.L or JPSR.L?

On fees, IJPA.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IJPA.L or JPSR.L?

IJPA.L is cheaper with a 0.12% expense ratio, compared with 0.22% for JPSR.L.

What is the main difference between IJPA.L and JPSR.L?

IJPA.L tracks MSCI Japan Investable Market Index (IMI), while JPSR.L tracks TOPIX TR JPY. They also come from different issuers: iShares and UBS. Their fees differ too: 0.12% for IJPA.L and 0.22% for JPSR.L.