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IPRP.L vs. SJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPRP.L vs. SJPA.L

Last updated Jun 13, 2026

IPRP.L (iShares European Property Yield UCITS ETF) and SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR, while SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 10 years, IPRP.L returned 1.88%/yr vs 10.26%/yr for SJPA.L. At a 0.39 correlation, their price movements are largely independent. IPRP.L charges 0.40%/yr vs 0.15%/yr for SJPA.L.

Performance

IPRP.L vs. SJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares European Property Yield UCITS ETF (IPRP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IPRP.L achieves a 0.47% return, which is significantly lower than SJPA.L's 15.47% return. Over the past 10 years, IPRP.L has underperformed SJPA.L with an annualized return of 1.88%, while SJPA.L has yielded a comparatively higher 10.26% annualized return.

IPRP.L

1D
1.60%
1M
0.26%
YTD
0.47%
6M
2.67%
1Y
1.29%
3Y*
11.51%
5Y*
-4.25%
10Y*
1.88%

SJPA.L

1D
2.26%
1M
0.53%
YTD
15.47%
6M
14.66%
1Y
32.71%
3Y*
14.56%
5Y*
9.85%
10Y*
10.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPRP.L vs. SJPA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IPRP.L
iShares European Property Yield UCITS ETF		0.47%13.63%-4.96%15.42%-33.74%1.88%-3.84%18.45%-5.36%19.14%
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		15.47%18.19%8.36%12.76%-6.21%1.62%11.03%14.68%-9.15%14.69%

Correlation

The correlation between IPRP.L and SJPA.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

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

0.28

Correlation (5Y)
Calculated over the trailing 5-year period

0.29

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2009

0.39

The correlation between IPRP.L and SJPA.L shifts across timeframes, from 0.27 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

IPRP.L vs. SJPA.L - Sectors Allocation Comparison

Sectors
IPRP.L
SJPA.L

Real Estate

100.0%
3.1%

Basic Materials

-

4.6%

Communication Services

-

7.6%

Consumer Cyclical

-

12.5%

Consumer Defensive

-

4.1%

Energy

-

0.9%

Financial Services

-

15.9%

Healthcare

-

5.5%

Industrials

-

25.6%

Technology

-

19.1%

Utilities

-

1.2%

Real Estate

IPRP.L
100.0%
SJPA.L
3.1%

Basic Materials

IPRP.L

-

SJPA.L
4.6%

Communication Services

IPRP.L

-

SJPA.L
7.6%

Consumer Cyclical

IPRP.L

-

SJPA.L
12.5%

Consumer Defensive

IPRP.L

-

SJPA.L
4.1%

Energy

IPRP.L

-

SJPA.L
0.9%

Financial Services

IPRP.L

-

SJPA.L
15.9%

Healthcare

IPRP.L

-

SJPA.L
5.5%

Industrials

IPRP.L

-

SJPA.L
25.6%

Technology

IPRP.L

-

SJPA.L
19.1%

Utilities

IPRP.L

-

SJPA.L
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares European Property Yield UCITS ETF

iShares Core MSCI Japan IMI UCITS ETF

Often compared with IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS
Often compared with SJPA.L:
SJPA.L vs. LCJP.LSJPA.L vs. CSJP.LSJPA.L vs. XAUUSD=XSJPA.L vs. CNKY.LSJPA.L vs. PRIJ.LSJPA.L vs. N1ES.DESJPA.L vs. PADV.L

Return for Risk

IPRP.L vs. SJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPRP.L
IPRP.L Risk / Return Rank: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
Martin Ratio Rank
SJPA.L
SJPA.L Risk / Return Rank: 6565
Overall Rank
SJPA.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SJPA.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
SJPA.L Omega Ratio Rank: 6767
Omega Ratio Rank
SJPA.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SJPA.L Martin Ratio Rank: 6363
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.

IPRP.L vs. SJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares European Property Yield UCITS ETF (IPRP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.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.

IPRP.LSJPA.LDifference
Sharpe ratioReturn per unit of total volatility
0.08
1.82

-1.74

Sortino ratioReturn per unit of downside risk
0.23
2.62

-2.39

Omega ratioGain probability vs. loss probability

1.03

1.35

-0.32

Calmar ratioReturn relative to maximum drawdown

0.08

3.04

-2.96

Martin ratioReturn relative to average drawdown

0.21

9.86

-9.65

IPRP.L vs. SJPA.L - Sharpe Ratio Comparison

The current IPRP.L Sharpe Ratio is 0.08, which is lower than the SJPA.L Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of IPRP.L and SJPA.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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Drawdowns

IPRP.L vs. SJPA.L - Drawdown Comparison

The maximum IPRP.L drawdown since its inception was -64.48%, which is greater than SJPA.L's maximum drawdown of -45.53%. Use the drawdown chart below to compare losses from any high point for IPRP.L and SJPA.L.

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Drawdown Indicators

IPRP.LSJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-64.48%

-45.53%

-18.95%

Max Drawdown (1Y)

Largest decline over 1 year

-16.12%

-10.71%

-5.41%

Max Drawdown (3Y)

Largest decline over 3 years

-16.12%

-19.68%

+3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-48.77%

-19.68%

-29.09%

Max Drawdown (10Y)

Largest decline over 10 years

-48.77%

-24.73%

-24.04%

Current Drawdown

Current decline from peak

-23.83%

-0.82%

-23.01%

Average Drawdown

Average peak-to-trough decline

-16.67%

-15.72%

-0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.28%

3.31%

+2.97%

Volatility

IPRP.L vs. SJPA.L - Volatility Comparison

iShares European Property Yield UCITS ETF (IPRP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) have volatilities of 4.23% and 4.41%, 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

IPRP.LSJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

4.41%

-0.18%

Volatility (6M)

Calculated over the trailing 6-month period

13.05%

14.72%

-1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

15.28%

17.89%

-2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.53%

20.67%

+0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.35%

18.47%

+0.88%

IPRP.L vs. SJPA.L - Expense Ratio Comparison

IPRP.L has a 0.40% expense ratio, which is higher than SJPA.L's 0.15% expense ratio.

Dividends

IPRP.L vs. SJPA.L - Dividend Comparison

IPRP.L's dividend yield for the trailing twelve months is around 0.50%, while SJPA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IPRP.L
iShares European Property Yield UCITS ETF		0.50%2.83%2.79%2.62%4.20%2.11%2.68%3.07%3.24%2.81%2.49%2.59%
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		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

IPRP.L and SJPA.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SJPA.L is cheaper with a 0.15% expense ratio, compared with 0.40% for IPRP.L.

IPRP.L is categorized as REIT, while SJPA.L is Japan Equities. IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR, while SJPA.L tracks TOPIX TR JPY. Their fees differ too: 0.40% for IPRP.L and 0.15% for SJPA.L.

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