ISJP.L vs. HSJP.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and HSJP.L (HSBC Japan Sustainable Equity UCITS ETF USD) are both Japan Equities funds - ISJP.L tracks the MSCI Japan Small Cap NR JPY while HSJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, ISJP.L returned 8.64%/yr vs 11.11%/yr for HSJP.L. Their correlation of 0.85 suggests significant overlap in exposure. ISJP.L charges 0.58%/yr vs 0.18%/yr for HSJP.L.
Performance
ISJP.L vs. HSJP.L - Performance Comparison
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Different Trading Currencies
ISJP.L is traded in GBp, while HSJP.L is traded in GBP. To make them comparable, the HSJP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISJP.L achieves a 15.08% return, which is significantly higher than HSJP.L's 13.21% 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%
HSJP.L
- 1D
- 0.17%
- 1M
- 8.19%
- YTD
- 13.21%
- 6M
- 13.27%
- 1Y
- 30.10%
- 3Y*
- 16.72%
- 5Y*
- 11.11%
- 10Y*
- —
ISJP.L vs. HSJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.08% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 7.30% |
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 13.21% | 18.24% | 13.93% | 13.26% | -5.31% | 4.55% | 14.34% |
Correlation
The correlation between ISJP.L and HSJP.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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020 | 0.85 |
The correlation between ISJP.L and HSJP.L has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
ISJP.L vs. HSJP.L — Risk / Return Rank
ISJP.L
HSJP.L
ISJP.L vs. HSJP.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 HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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 | HSJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.30 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.47 | +0.42 |
| Martin ratioReturn relative to average drawdown | 9.66 | 7.35 | +2.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISJP.L | HSJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.61 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.69 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.74 | -0.26 |
Drawdowns
ISJP.L vs. HSJP.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, which is greater than HSJP.L's maximum drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for ISJP.L and HSJP.L.
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Drawdown Indicators
| ISJP.L | HSJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -16.22% | -16.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -12.15% | +1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -13.09% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -16.22% | -4.79% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -0.33% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -4.65% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 4.08% | -0.83% |
Volatility
ISJP.L vs. HSJP.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) has a higher volatility of 4.25% compared to HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) at 3.87%. This indicates that ISJP.L's price experiences larger fluctuations and is considered to be riskier than HSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISJP.L | HSJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.87% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 15.21% | -1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 18.66% | -3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.01% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 15.92% | -0.30% |
ISJP.L vs. HSJP.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than HSJP.L's 0.18% expense ratio.
Dividends
ISJP.L vs. HSJP.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, while HSJP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 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 HSJP.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, HSJP.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSJP.L is cheaper with a 0.18% expense ratio, compared with 0.58% for ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while HSJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.58% for ISJP.L and 0.18% for HSJP.L.
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