JPJP.L vs. VPL

Last updated Jun 5, 2026

JPJP.L (SPDR MSCI Japan UCITS ETF) and VPL (Vanguard FTSE Pacific ETF) are both exchange-traded funds - JPJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index. Both are passively managed. Over the past 10 years, JPJP.L returned 10.23%/yr vs 11.43%/yr for VPL. A 0.72 correlation means they provide meaningful diversification when combined. JPJP.L charges 0.12%/yr vs 0.08%/yr for VPL.

Performance

JPJP.L vs. VPL - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI Japan UCITS ETF (JPJP.L) and Vanguard FTSE Pacific ETF (VPL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JPJP.L is traded in GBP, while VPL is traded in USD. To make them comparable, the VPL values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, JPJP.L achieves a 16.36% return, which is significantly lower than VPL's 29.53% return. Over the past 10 years, JPJP.L has underperformed VPL with an annualized return of 10.23%, while VPL has yielded a comparatively higher 11.43% annualized return.

JPJP.L

• 1D: -0.43%
• 1M: 6.24%
• YTD: 16.36%
• 6M: 15.47%
• 1Y: 34.12%
• 3Y*: 15.59%
• 5Y*: 10.18%
• 10Y*: 10.23%

VPL

• 1D: -0.98%
• 1M: 7.98%
• YTD: 29.53%
• 6M: 30.27%
• 1Y: 52.68%
• 3Y*: 19.70%
• 5Y*: 11.33%
• 10Y*: 11.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JPJP.L vs. VPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JPJP.L SPDR MSCI Japan UCITS ETF	16.36%	17.50%	9.02%	13.95%	-7.16%	2.15%	12.42%	13.92%	-8.48%	13.12%
VPL Vanguard FTSE Pacific ETF	29.53%	23.21%	3.46%	9.80%	-5.12%	2.06%	13.23%	13.67%	-9.32%	17.70%

Correlation

The correlation between JPJP.L and VPL is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 3, 2015	0.72

The correlation between JPJP.L and VPL has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

JPJP.L vs. VPL - Sectors Allocation Comparison

Sectors	JPJP.L	VPL
Industrials	26.0%	20.5%
Technology	19.1%	22.6%
Financial Services	17.5%	19.3%
Consumer Cyclical	12.1%	9.6%
Communication Services	7.9%	4.8%
Healthcare	6.3%	5.0%
Consumer Defensive	3.6%	3.5%
Basic Materials	3.0%	7.3%
Real Estate	2.3%	4.3%
Utilities	1.1%	1.6%
Energy	1.1%	1.6%

Return for Risk

JPJP.L vs. VPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JPJP.L

JPJP.L Risk / Return Rank: 59
JPJP.L Sharpe Ratio Rank: 56
JPJP.L Sortino Ratio Rank: 57
JPJP.L Omega Ratio Rank: 59
JPJP.L Calmar Ratio Rank: 65
JPJP.L Martin Ratio Rank: 58

VPL

VPL Risk / Return Rank: 79
VPL Sharpe Ratio Rank: 82
VPL Sortino Ratio Rank: 78
VPL Omega Ratio Rank: 80
VPL Calmar Ratio Rank: 77
VPL Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JPJP.L vs. VPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Japan UCITS ETF (JPJP.L) and Vanguard FTSE Pacific ETF (VPL). 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.

	JPJP.L	VPL	Difference
Sharpe ratio: Return per unit of total volatility	1.86	3.09	-1.23
Sortino ratio: Return per unit of downside risk	2.66	3.92	-1.26
Omega ratio: Gain probability vs. loss probability	1.35	1.57	-0.21
Calmar ratio: Return relative to maximum drawdown	3.17	4.66	-1.49
Martin ratio: Return relative to average drawdown	10.20	17.13	-6.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPJP.L vs. VPL - Sharpe Ratio Comparison

The current JPJP.L Sharpe Ratio is 1.86, which is lower than the VPL Sharpe Ratio of 3.09. The chart below compares the historical Sharpe Ratios of JPJP.L and VPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JPJP.L	VPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	3.09	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.78	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.71	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.41	+0.17

Drawdowns

JPJP.L vs. VPL - Drawdown Comparison

The maximum JPJP.L drawdown since its inception was -24.23%, smaller than the maximum VPL drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for JPJP.L and VPL.

Drawdown Indicators

	JPJP.L	VPL	Difference
Max Drawdown Largest peak-to-trough decline	-24.23%	-36.13%	+11.90%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-11.36%	+0.66%
Max Drawdown (3Y) Largest decline over 3 years	-14.21%	-13.93%	-0.28%
Max Drawdown (5Y) Largest decline over 5 years	-18.57%	-14.92%	-3.65%
Max Drawdown (10Y) Largest decline over 10 years	-24.23%	-27.02%	+2.79%
Current Drawdown Current decline from peak	-0.43%	-0.98%	+0.55%
Average Drawdown Average peak-to-trough decline	-5.05%	-6.84%	+1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.08%	+0.26%

Volatility

JPJP.L vs. VPL - Volatility Comparison

The current volatility for SPDR MSCI Japan UCITS ETF (JPJP.L) is 4.15%, while Vanguard FTSE Pacific ETF (VPL) has a volatility of 6.41%. This indicates that JPJP.L experiences smaller price fluctuations and is considered to be less risky than VPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPJP.L	VPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	6.41%	-2.26%
Volatility (6M) Calculated over the trailing 6-month period	14.73%	14.62%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.27%	17.16%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.82%	14.64%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	16.23%	-0.29%

JPJP.L vs. VPL - Expense Ratio Comparison

JPJP.L has a 0.12% expense ratio, which is higher than VPL's 0.08% 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

JPJP.L vs. VPL - Dividend Comparison

JPJP.L has not paid dividends to shareholders, while VPL's dividend yield for the trailing twelve months is around 2.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JPJP.L SPDR MSCI Japan UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VPL Vanguard FTSE Pacific ETF	2.75%	4.01%	3.15%	3.12%	2.75%	3.19%	1.81%	2.84%	3.06%	2.57%	2.65%	2.43%

Frequently Asked Questions

Can I hold both JPJP.L and VPL in my portfolio?

JPJP.L and VPL have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JPJP.L or VPL?

On fees, VPL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JPJP.L or VPL?

VPL is cheaper with a 0.08% expense ratio, compared with 0.12% for JPJP.L.

What is the main difference between JPJP.L and VPL?

JPJP.L is categorized as Japan Equities, while VPL is Asia Pacific Equities. JPJP.L tracks TOPIX TR JPY, while VPL tracks FTSE Developed Asia Pacific Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for JPJP.L and 0.08% for VPL.