ISJP.L vs. CNKY.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and CNKY.L (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds from iShares - ISJP.L tracks the MSCI Japan Small Cap NR JPY while CNKY.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, ISJP.L returned 8.58%/yr vs 12.70%/yr for CNKY.L. A 0.75 correlation means they provide meaningful diversification when combined. ISJP.L charges 0.58%/yr vs 0.48%/yr for CNKY.L.
Performance
ISJP.L vs. CNKY.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ISJP.L achieves a 15.08% return, which is significantly lower than CNKY.L's 31.80% return. Over the past 10 years, ISJP.L has underperformed CNKY.L with an annualized return of 8.58%, while CNKY.L has yielded a comparatively higher 12.70% annualized return.
ISJP.L
- 1D
- 0.31%
- 1M
- 5.68%
- YTD
- 15.08%
- 6M
- 15.82%
- 1Y
- 31.49%
- 3Y*
- 14.99%
- 5Y*
- 8.64%
- 10Y*
- 8.58%
CNKY.L
- 1D
- -1.22%
- 1M
- 10.78%
- YTD
- 31.80%
- 6M
- 29.05%
- 1Y
- 63.73%
- 3Y*
- 20.46%
- 5Y*
- 12.16%
- 10Y*
- 12.70%
ISJP.L vs. CNKY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.08% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 4.51% | 13.94% | -11.99% | 19.35% |
CNKY.L iShares Nikkei 225 UCITS ETF (Acc) | 31.80% | 20.64% | 9.15% | 15.02% | -10.53% | -4.18% | 21.18% | 16.38% | -3.99% | 14.19% |
Correlation
The correlation between ISJP.L and CNKY.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.75 |
The correlation between ISJP.L and CNKY.L shifts across timeframes, from 0.59 (1 year) to 0.80 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ISJP.L vs. CNKY.L — Risk / Return Rank
ISJP.L
CNKY.L
ISJP.L vs. CNKY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and iShares Nikkei 225 UCITS ETF (Acc) (CNKY.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.
| ISJP.L | CNKY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.47 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 4.76 | -1.87 |
| Martin ratioReturn relative to average drawdown | 9.66 | 14.40 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ISJP.L | CNKY.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 2.81 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.68 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.74 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.67 | -0.18 |
Drawdowns
ISJP.L vs. CNKY.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, which is greater than CNKY.L's maximum drawdown of -23.61%. Use the drawdown chart below to compare losses from any high point for ISJP.L and CNKY.L.
Loading charts...
Drawdown Indicators
| ISJP.L | CNKY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -23.61% | -9.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -13.32% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -19.39% | +8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -20.83% | -0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -23.61% | -5.37% |
Current DrawdownCurrent decline from peak | -1.25% | -1.22% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -7.33% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 4.41% | -1.16% |
Volatility
ISJP.L vs. CNKY.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) is 4.25%, while iShares Nikkei 225 UCITS ETF (Acc) (CNKY.L) has a volatility of 6.86%. This indicates that ISJP.L experiences smaller price fluctuations and is considered to be less risky than CNKY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ISJP.L | CNKY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 6.86% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 17.88% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 22.59% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 17.76% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 17.22% | -1.60% |
ISJP.L vs. CNKY.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than CNKY.L's 0.48% expense ratio.
Dividends
ISJP.L vs. CNKY.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, while CNKY.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNKY.L iShares Nikkei 225 UCITS ETF (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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.67% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.68% |
Frequently Asked Questions
ISJP.L and CNKY.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNKY.L is cheaper at 0.48% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNKY.L is cheaper with a 0.48% expense ratio, compared with 0.58% for ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while CNKY.L tracks TOPIX TR JPY. Their fees differ too: 0.58% for ISJP.L and 0.48% for CNKY.L.
Find the right allocation for ISJP.L and CNKY.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer