ISJP.L vs. TPXG.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and TPXG.L (Amundi Japan Topix UCITS ETF JPY) are both Japan Equities funds - ISJP.L tracks the MSCI Japan Small Cap NR JPY while TPXG.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, ISJP.L returned 8.64%/yr vs 10.97%/yr for TPXG.L. At a 0.40 correlation, their price movements are largely independent. ISJP.L charges 0.58%/yr vs 0.20%/yr for TPXG.L.
Performance
ISJP.L vs. TPXG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ISJP.L having a 15.08% return and TPXG.L slightly lower at 14.95%.
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%
TPXG.L
- 1D
- -0.19%
- 1M
- 3.10%
- YTD
- 14.95%
- 6M
- 14.60%
- 1Y
- 33.07%
- 3Y*
- 16.91%
- 5Y*
- 10.97%
- 10Y*
- —
ISJP.L vs. TPXG.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% | 8.19% |
TPXG.L Amundi Japan Topix UCITS ETF JPY | 14.95% | 18.33% | 8.12% | 13.45% | -6.05% | 2.07% | 7.12% | 8.68% | -2.90% | 7.54% |
Correlation
The correlation between ISJP.L and TPXG.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.40 |
Over the past year, ISJP.L and TPXG.L have become more correlated (0.84) than their long-term average of 0.40, meaning their price movements have been converging.
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Return for Risk
ISJP.L vs. TPXG.L — Risk / Return Rank
ISJP.L
TPXG.L
ISJP.L vs. TPXG.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 Amundi Japan Topix UCITS ETF JPY (TPXG.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 | TPXG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 3.01 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.66 | 9.66 | 0.00 |
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 | TPXG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.84 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.98 | -0.37 |
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 | 0.87 | -0.38 |
Drawdowns
ISJP.L vs. TPXG.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -32.93%, which is greater than TPXG.L's maximum drawdown of -22.96%. Use the drawdown chart below to compare losses from any high point for ISJP.L and TPXG.L.
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Drawdown Indicators
| ISJP.L | TPXG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -22.96% | -9.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -10.57% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -12.96% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -18.00% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | — | — |
Current DrawdownCurrent decline from peak | -1.25% | -0.19% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -4.42% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.30% | -0.05% |
Volatility
ISJP.L vs. TPXG.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) has a higher volatility of 4.25% compared to Amundi Japan Topix UCITS ETF JPY (TPXG.L) at 3.74%. This indicates that ISJP.L's price experiences larger fluctuations and is considered to be riskier than TPXG.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 | TPXG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 3.74% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 14.16% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 17.29% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 20.10% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.62% | 24.48% | -8.86% |
ISJP.L vs. TPXG.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than TPXG.L's 0.20% expense ratio.
Dividends
ISJP.L vs. TPXG.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 1.67%, while TPXG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TPXG.L Amundi Japan Topix UCITS ETF JPY | 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
ISJP.L and TPXG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPXG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPXG.L is cheaper with a 0.20% expense ratio, compared with 0.58% for ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, while TPXG.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.58% for ISJP.L and 0.20% for TPXG.L.
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