PAJS.L vs. HSJP.L
Compare and contrast key facts about Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L).
PAJS.L and HSJP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PAJS.L is a passively managed fund by Invesco that tracks the performance of the TOPIX TR JPY. It was launched on Dec 6, 2021. HSJP.L is a passively managed fund by HSBC that tracks the performance of the TOPIX TR JPY. It was launched on Jun 4, 2020. Both PAJS.L and HSJP.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.
Performance
PAJS.L vs. HSJP.L - Performance Comparison
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PAJS.L vs. HSJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PAJS.L Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc | -1.68% | 13.24% | 0.76% | 8.67% | -14.19% | -3.23% |
HSJP.L HSBC Japan Sustainable Equity UCITS ETF USD | 1.51% | 18.24% | 13.93% | 13.26% | -5.31% | -2.93% |
Different Trading Currencies
PAJS.L is traded in GBp, while HSJP.L is traded in GBP. To make them comparable, the HSJP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAJS.L achieves a -1.68% return, which is significantly lower than HSJP.L's 1.51% return.
PAJS.L
- 1D
- 0.66%
- 1M
- -10.30%
- YTD
- -1.68%
- 6M
- 0.34%
- 1Y
- 12.26%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
HSJP.L
- 1D
- 0.11%
- 1M
- -9.94%
- YTD
- 1.51%
- 6M
- 8.23%
- 1Y
- 19.87%
- 3Y*
- 14.19%
- 5Y*
- 8.56%
- 10Y*
- —
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PAJS.L vs. HSJP.L - Expense Ratio Comparison
PAJS.L has a 0.19% expense ratio, which is higher than HSJP.L's 0.18% 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%.
Return for Risk
PAJS.L vs. HSJP.L — Risk / Return Rank
PAJS.L
HSJP.L
PAJS.L vs. HSJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) and HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.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.
| PAJS.L | HSJP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.04 | -0.36 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.47 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.63 | -0.62 |
Martin ratioReturn relative to average drawdown | 3.55 | 5.54 | -1.99 |
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
| PAJS.L | HSJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.04 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.64 | -0.63 |
Correlation
The correlation between PAJS.L and HSJP.L is 0.89, 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.
Dividends
PAJS.L vs. HSJP.L - Dividend Comparison
Neither PAJS.L nor HSJP.L has paid dividends to shareholders.
Drawdowns
PAJS.L vs. HSJP.L - Drawdown Comparison
The maximum PAJS.L drawdown since its inception was -29.71%, which is greater than HSJP.L's maximum drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for PAJS.L and HSJP.L.
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Drawdown Indicators
| PAJS.L | HSJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.71% | -16.22% | -13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -12.15% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.22% | — |
Current DrawdownCurrent decline from peak | -15.12% | -10.64% | -4.48% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -4.63% | -12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.58% | -0.18% |
Volatility
PAJS.L vs. HSJP.L - Volatility Comparison
The current volatility for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) is 8.33%, while HSBC Japan Sustainable Equity UCITS ETF USD (HSJP.L) has a volatility of 8.88%. This indicates that PAJS.L experiences smaller price fluctuations and is considered to be less risky than HSJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAJS.L | HSJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 8.88% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 14.48% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 19.09% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.31% | 15.79% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.31% | 15.75% | +6.56% |