ISJP.L vs. IJPA.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both Japan Equities funds from iShares - ISJP.L tracks the MSCI Japan Small Cap NR JPY while IJPA.L tracks the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past 10 years, ISJP.L returned 8.58%/yr vs 10.12%/yr for IJPA.L. A 0.76 correlation means they provide meaningful diversification when combined. ISJP.L charges 0.58%/yr vs 0.12%/yr for IJPA.L.
Performance
ISJP.L vs. IJPA.L - Performance Comparison
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Different Trading Currencies
ISJP.L is traded in GBp, while IJPA.L is traded in USD. To make them comparable, the IJPA.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 lower than IJPA.L's 16.15% return. Over the past 10 years, ISJP.L has underperformed IJPA.L with an annualized return of 8.58%, while IJPA.L has yielded a comparatively higher 10.12% 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%
IJPA.L
- 1D
- -0.05%
- 1M
- 6.14%
- YTD
- 16.15%
- 6M
- 15.80%
- 1Y
- 33.76%
- 3Y*
- 15.71%
- 5Y*
- 10.04%
- 10Y*
- 10.12%
ISJP.L vs. IJPA.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% |
IJPA.L iShares Core MSCI Japan IMI UCITS ETF USD Acc | 16.15% | 18.21% | 8.48% | 13.38% | -6.19% | 1.11% | 11.60% | 13.95% | -9.06% | 14.95% |
Correlation
The correlation between ISJP.L and IJPA.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2009 | 0.76 |
The correlation between ISJP.L and IJPA.L has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
ISJP.L vs. IJPA.L — Risk / Return Rank
ISJP.L
IJPA.L
ISJP.L vs. IJPA.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 Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.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 | IJPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.16 | -0.27 |
| Martin ratioReturn relative to average drawdown | 9.66 | 10.36 | -0.70 |
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 | IJPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.81 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.62 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.61 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.54 | -0.06 |
Drawdowns
ISJP.L vs. IJPA.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, which is greater than IJPA.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for ISJP.L and IJPA.L.
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Drawdown Indicators
| ISJP.L | IJPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -25.10% | -7.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -10.63% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -13.21% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -18.93% | -2.08% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -25.10% | -3.88% |
Current DrawdownCurrent decline from peak | -1.25% | -0.05% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -6.35% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.25% | 0.00% |
Volatility
ISJP.L vs. IJPA.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) have volatilities of 4.25% and 4.11%, 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
| ISJP.L | IJPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.11% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 15.54% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 18.61% | -3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.16% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 16.58% | -0.96% |
ISJP.L vs. IJPA.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than IJPA.L's 0.12% expense ratio.
Dividends
ISJP.L vs. IJPA.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, while IJPA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 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 IJPA.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
IJPA.L is cheaper with a 0.12% expense ratio, compared with 0.58% for ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). Their fees differ too: 0.58% for ISJP.L and 0.12% for IJPA.L.
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