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IJPE.L vs. SGJP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJPE.L vs. SGJP.L

Last updated Jun 5, 2026

IJPE.L (iShares MSCI Japan EUR Hedged UCITS ETF Accumulating) and SGJP.L (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) are both Japan Equities funds from iShares - IJPE.L tracks the MSCI Japan Index while SGJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 3 years, IJPE.L returned 26.45%/yr vs 14.98%/yr for SGJP.L. A 0.79 correlation means they provide meaningful diversification when combined. IJPE.L charges 0.64%/yr vs 0.15%/yr for SGJP.L.

Performance

IJPE.L vs. SGJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IJPE.L is traded in EUR, while SGJP.L is traded in GBP. To make them comparable, the SGJP.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IJPE.L having a 18.88% return and SGJP.L slightly lower at 18.09%.

IJPE.L

1D
-0.41%
1M
4.83%
YTD
18.88%
6M
20.41%
1Y
49.67%
3Y*
26.45%
5Y*
18.92%
10Y*
13.77%

SGJP.L

1D
-0.50%
1M
4.07%
YTD
18.09%
6M
17.37%
1Y
32.05%
3Y*
14.98%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJPE.L vs. SGJP.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
IJPE.L
iShares MSCI Japan EUR Hedged UCITS ETF Accumulating		18.88%27.34%22.07%32.82%-5.43%3.48%
SGJP.L
iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)		18.09%10.57%13.55%15.95%-12.35%5.10%

Correlation

The correlation between IJPE.L and SGJP.L is 0.90, 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

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Jul 1, 2021

0.79

The correlation between IJPE.L and SGJP.L shifts across timeframes, from 0.79 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.

IJPE.L vs. SGJP.L - Sectors Allocation Comparison

Sectors
IJPE.L
SGJP.L

Industrials

26.0%
25.2%

Technology

19.1%
20.8%

Financial Services

17.5%
19.0%

Consumer Cyclical

12.2%
11.0%

Communication Services

7.9%
8.6%

Healthcare

6.3%
6.8%

Consumer Defensive

3.6%
2.4%

Basic Materials

3.0%
3.1%

Real Estate

2.3%
2.5%

Utilities

1.1%
0.6%

Energy

1.1%

-

Industrials

IJPE.L
26.0%
SGJP.L
25.2%

Technology

IJPE.L
19.1%
SGJP.L
20.8%

Financial Services

IJPE.L
17.5%
SGJP.L
19.0%

Consumer Cyclical

IJPE.L
12.2%
SGJP.L
11.0%

Communication Services

IJPE.L
7.9%
SGJP.L
8.6%

Healthcare

IJPE.L
6.3%
SGJP.L
6.8%

Consumer Defensive

IJPE.L
3.6%
SGJP.L
2.4%

Basic Materials

IJPE.L
3.0%
SGJP.L
3.1%

Real Estate

IJPE.L
2.3%
SGJP.L
2.5%

Utilities

IJPE.L
1.1%
SGJP.L
0.6%

Energy

IJPE.L
1.1%
SGJP.L

-

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iShares MSCI Japan EUR Hedged UCITS ETF Accumulating

iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)

Often compared with IJPE.L:
IJPE.L vs. IJPA.LIJPE.L vs. IJPD.LIJPE.L vs. EUNN.DEIJPE.L vs. HPJS.LIJPE.L vs. PAJS.LIJPE.L vs. JARI.LIJPE.L vs. XDJP.L
Often compared with SGJP.L:
SGJP.L vs. LCJP.LSGJP.L vs. PAJS.LSGJP.L vs. DXJP.LSGJP.L vs. XDJP.LSGJP.L vs. SWDA.LSGJP.L vs. IJPD.LSGJP.L vs. CNDX.L

Return for Risk

IJPE.L vs. SGJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJPE.L
IJPE.L Risk / Return Rank: 8383
Overall Rank
IJPE.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
IJPE.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
IJPE.L Omega Ratio Rank: 8181
Omega Ratio Rank
IJPE.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
IJPE.L Martin Ratio Rank: 8585
Martin Ratio Rank
SGJP.L
SGJP.L Risk / Return Rank: 5959
Overall Rank
SGJP.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SGJP.L Sortino Ratio Rank: 5757
Sortino Ratio Rank
SGJP.L Omega Ratio Rank: 5858
Omega Ratio Rank
SGJP.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
SGJP.L Martin Ratio Rank: 5959
Martin Ratio Rank
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.

IJPE.L vs. SGJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.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.

IJPE.LSGJP.LDifference
Sharpe ratioReturn per unit of total volatility
2.53
1.63

+0.90

Sortino ratioReturn per unit of downside risk
3.59
2.46

+1.14

Omega ratioGain probability vs. loss probability

1.48

1.31

+0.17

Calmar ratioReturn relative to maximum drawdown

5.07

2.98

+2.10

Martin ratioReturn relative to average drawdown

17.32

9.82

+7.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJPE.L vs. SGJP.L - Sharpe Ratio Comparison

The current IJPE.L Sharpe Ratio is 2.53, which is higher than the SGJP.L Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of IJPE.L and SGJP.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.

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Sharpe Ratios by Period

IJPE.LSGJP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.53

1.63

+0.90

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.58

-0.01

Drawdowns

IJPE.L vs. SGJP.L - Drawdown Comparison

The maximum IJPE.L drawdown since its inception was -34.53%, which is greater than SGJP.L's maximum drawdown of -19.43%. Use the drawdown chart below to compare losses from any high point for IJPE.L and SGJP.L.

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Drawdown Indicators

IJPE.LSGJP.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.53%

-19.43%

-15.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.65%

-10.31%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-21.50%

-17.27%

-4.23%

Max Drawdown (5Y)

Largest decline over 5 years

-21.50%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-34.53%

—

—

Current Drawdown

Current decline from peak

-0.41%

-0.50%

+0.09%

Average Drawdown

Average peak-to-trough decline

-9.04%

-6.35%

-2.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

3.13%

-0.30%

Volatility

IJPE.L vs. SGJP.L - Volatility Comparison

iShares MSCI Japan EUR Hedged UCITS ETF Accumulating (IJPE.L) and iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) have volatilities of 3.90% and 4.07%, 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.

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Volatility by Period

IJPE.LSGJP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.90%

4.07%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

15.00%

14.93%

+0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

19.38%

18.83%

+0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.71%

16.85%

+1.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.83%

16.85%

+1.98%

IJPE.L vs. SGJP.L - Expense Ratio Comparison

IJPE.L has a 0.64% expense ratio, which is higher than SGJP.L's 0.15% expense ratio.

Dividends

IJPE.L vs. SGJP.L - Dividend Comparison

Neither IJPE.L nor SGJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.90, IJPE.L and SGJP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, SGJP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SGJP.L is cheaper with a 0.15% expense ratio, compared with 0.64% for IJPE.L.

IJPE.L tracks MSCI Japan Index, while SGJP.L tracks TOPIX TR JPY. Their fees differ too: 0.64% for IJPE.L and 0.15% for SGJP.L.

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