ISJP.L vs. IJPN.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) are both Japan Equities funds from iShares - ISJP.L tracks the MSCI Japan Small Cap NR JPY while IJPN.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 10 years, ISJP.L returned 8.58%/yr vs 10.48%/yr for IJPN.L. Their correlation of 0.81 suggests significant overlap in exposure. ISJP.L charges 0.58%/yr vs 0.59%/yr for IJPN.L.
Performance
ISJP.L vs. IJPN.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISJP.L achieves a 15.08% return, which is significantly lower than IJPN.L's 16.83% return. Over the past 10 years, ISJP.L has underperformed IJPN.L with an annualized return of 8.58%, while IJPN.L has yielded a comparatively higher 10.48% annualized return.
ISJP.L
- 1D
- 0.31%
- 1M
- 4.30%
- YTD
- 15.08%
- 6M
- 15.70%
- 1Y
- 31.91%
- 3Y*
- 14.99%
- 5Y*
- 8.64%
- 10Y*
- 8.58%
IJPN.L
- 1D
- -0.35%
- 1M
- 3.86%
- YTD
- 16.83%
- 6M
- 16.00%
- 1Y
- 36.20%
- 3Y*
- 16.17%
- 5Y*
- 10.52%
- 10Y*
- 10.48%
ISJP.L vs. IJPN.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% |
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 16.83% | 18.18% | 9.39% | 14.03% | -7.13% | 2.20% | 12.46% | 14.55% | -8.45% | 13.27% |
Correlation
The correlation between ISJP.L and IJPN.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 13, 2008 | 0.81 |
The correlation between ISJP.L and IJPN.L has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.
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Return for Risk
ISJP.L vs. IJPN.L — Risk / Return Rank
ISJP.L
IJPN.L
ISJP.L vs. IJPN.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 MSCI Japan UCITS ETF (Dist) (IJPN.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 | IJPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.22 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.66 | 10.52 | -0.85 |
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 | IJPN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.88 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.66 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.65 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.42 | +0.07 |
Drawdowns
ISJP.L vs. IJPN.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, smaller than the maximum IJPN.L drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for ISJP.L and IJPN.L.
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Drawdown Indicators
| ISJP.L | IJPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -39.73% | +6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -10.80% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -14.09% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -18.57% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | -24.34% | -4.64% |
Current DrawdownCurrent decline from peak | -1.25% | -0.35% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -10.09% | +3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.32% | -0.07% |
Volatility
ISJP.L vs. IJPN.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) has a higher volatility of 4.25% compared to iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) at 3.88%. This indicates that ISJP.L's price experiences larger fluctuations and is considered to be riskier than IJPN.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 | IJPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.88% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 15.00% | -1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 18.54% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 15.88% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 15.98% | -0.36% |
ISJP.L vs. IJPN.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is lower than IJPN.L's 0.59% expense ratio.
Dividends
ISJP.L vs. IJPN.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, less than IJPN.L's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJPN.L iShares MSCI Japan UCITS ETF (Dist) | 2.03% | 2.25% | 1.95% | 1.81% | 2.10% | 1.66% | 1.75% | 1.90% | 1.89% | 1.53% | 1.55% | 0.87% |
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 IJPN.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISJP.L is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISJP.L is cheaper with a 0.58% expense ratio, compared with 0.59% for IJPN.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while IJPN.L tracks TOPIX TR JPY. Their fees differ too: 0.58% for ISJP.L and 0.59% for IJPN.L.
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