MXJP.L vs. SJPA.L
Compare and contrast key facts about Invesco MSCI Japan UCITS ETF (MXJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L).
MXJP.L and SJPA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXJP.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Apr 2, 2009. SJPA.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Sep 25, 2009. Both MXJP.L and SJPA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXJP.L or SJPA.L.
Key characteristics
| MXJP.L | SJPA.L | |
|---|---|---|
| YTD Return | 9.36% | 6.71% |
| 1Y Return | 19.57% | 12.85% |
| 3Y Return (Ann) | 1.77% | 2.93% |
| 5Y Return (Ann) | 5.08% | 4.34% |
| 10Y Return (Ann) | 5.89% | 8.18% |
| Sharpe Ratio | 1.03 | 0.73 |
| Sortino Ratio | 1.46 | 1.04 |
| Omega Ratio | 1.21 | 1.15 |
| Calmar Ratio | 1.15 | 0.90 |
| Martin Ratio | 4.76 | 2.63 |
| Ulcer Index | 3.77% | 4.19% |
| Daily Std Dev | 17.40% | 15.28% |
| Max Drawdown | -32.48% | -24.73% |
| Current Drawdown | -4.25% | -4.55% |
Correlation
The correlation between MXJP.L and SJPA.L is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MXJP.L vs. SJPA.L - Performance Comparison
In the year-to-date period, MXJP.L achieves a 9.36% return, which is significantly higher than SJPA.L's 6.71% return. Over the past 10 years, MXJP.L has underperformed SJPA.L with an annualized return of 5.89%, while SJPA.L has yielded a comparatively higher 8.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MXJP.L vs. SJPA.L - Expense Ratio Comparison
MXJP.L has a 0.19% expense ratio, which is higher than SJPA.L's 0.15% 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%.
Risk-Adjusted Performance
MXJP.L vs. SJPA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan UCITS ETF (MXJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.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.
Dividends
MXJP.L vs. SJPA.L - Dividend Comparison
Neither MXJP.L nor SJPA.L has paid dividends to shareholders.
Drawdowns
MXJP.L vs. SJPA.L - Drawdown Comparison
The maximum MXJP.L drawdown since its inception was -32.48%, which is greater than SJPA.L's maximum drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for MXJP.L and SJPA.L. For additional features, visit the drawdowns tool.
Volatility
MXJP.L vs. SJPA.L - Volatility Comparison
Invesco MSCI Japan UCITS ETF (MXJP.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) have volatilities of 4.22% and 4.35%, 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.