JARI.L vs. CJPU.L
JARI.L (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - JARI.L tracks the TOPIX TR JPY while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, JARI.L returned 1.93%/yr vs 9.18%/yr for CJPU.L. Their correlation of 0.83 suggests significant overlap in exposure. JARI.L charges 0.18%/yr vs 0.12%/yr for CJPU.L.
Performance
JARI.L vs. CJPU.L - Performance Comparison
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Different Trading Currencies
JARI.L is traded in GBp, while CJPU.L is traded in USD. To make them comparable, the CJPU.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, JARI.L achieves a 5.83% return, which is significantly lower than CJPU.L's 12.60% return.
JARI.L
- 1D
- -1.29%
- 1M
- 0.47%
- 6M
- 2.36%
- YTD
- 5.83%
- 1Y
- 16.20%
- 3Y*
- 4.41%
- 5Y*
- 1.93%
- 10Y*
- —
CJPU.L
- 1D
- -2.34%
- 1M
- -6.86%
- 6M
- 5.58%
- YTD
- 12.60%
- 1Y
- 30.09%
- 3Y*
- 14.94%
- 5Y*
- 9.18%
- 10Y*
- 8.56%
JARI.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JARI.L Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 5.83% | 10.04% | -2.28% | 5.00% | -10.79% | -28.18% | 14.03% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.60% | 17.14% | 9.20% | 14.24% | -7.49% | 1.45% | 9.10% |
Correlation
The correlation between JARI.L and CJPU.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.83 |
The correlation between JARI.L and CJPU.L has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
JARI.L vs. CJPU.L — Risk / Return Rank
JARI.L
CJPU.L
JARI.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JARI.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.84 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.16 | 8.61 | -4.44 |
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Drawdowns
JARI.L vs. CJPU.L - Drawdown Comparison
The maximum JARI.L drawdown since its inception was -43.28%, which is greater than CJPU.L's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for JARI.L and CJPU.L.
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Drawdown Indicators
| JARI.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.28% | -24.62% | -18.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -10.54% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -12.79% | -14.29% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -18.51% | -4.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.62% | — |
Current DrawdownCurrent decline from peak | -27.67% | -8.44% | -19.23% |
Average DrawdownAverage peak-to-trough decline | -33.51% | -6.35% | -27.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 3.49% | +0.39% |
Volatility
JARI.L vs. CJPU.L - Volatility Comparison
The current volatility for Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.L) is 5.38%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 6.83%. This indicates that JARI.L experiences smaller price fluctuations and is considered to be less risky than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JARI.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 6.83% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.43% | 17.53% | -3.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 20.79% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 17.07% | -1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.00% | 16.77% | +3.23% |
JARI.L vs. CJPU.L - Expense Ratio Comparison
JARI.L has a 0.18% expense ratio, which is higher than CJPU.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JARI.L vs. CJPU.L - Dividend Comparison
Neither JARI.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
JARI.L and CJPU.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.18% for JARI.L.
JARI.L tracks TOPIX TR JPY, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for JARI.L and 0.12% for CJPU.L.
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