PAJS.L vs. JPJP.L
Compare and contrast key facts about Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) and SPDR MSCI Japan UCITS ETF (JPJP.L).
PAJS.L and JPJP.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. JPJP.L is a passively managed fund by State Street that tracks the performance of the TOPIX TR JPY. It was launched on Nov 30, 2015. Both PAJS.L and JPJP.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. JPJP.L - Performance Comparison
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PAJS.L vs. JPJP.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% |
JPJP.L SPDR MSCI Japan UCITS ETF | 4.16% | 17.50% | 9.02% | 13.95% | -7.16% | -3.16% |
Different Trading Currencies
PAJS.L is traded in GBp, while JPJP.L is traded in GBP. To make them comparable, the JPJP.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 JPJP.L's 4.16% return.
PAJS.L
- 1D
- 0.66%
- 1M
- -10.30%
- YTD
- -1.68%
- 6M
- 0.34%
- 1Y
- 12.26%
- 3Y*
- 5.40%
- 5Y*
- —
- 10Y*
- —
JPJP.L
- 1D
- 0.10%
- 1M
- -9.28%
- YTD
- 4.16%
- 6M
- 9.28%
- 1Y
- 23.76%
- 3Y*
- 13.38%
- 5Y*
- 7.46%
- 10Y*
- 9.48%
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PAJS.L vs. JPJP.L - Expense Ratio Comparison
PAJS.L has a 0.19% expense ratio, which is higher than JPJP.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%.
Return for Risk
PAJS.L vs. JPJP.L — Risk / Return Rank
PAJS.L
JPJP.L
PAJS.L vs. JPJP.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 SPDR MSCI Japan UCITS ETF (JPJP.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 | JPJP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.25 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.08 | 1.77 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.01 | 2.26 | -1.25 |
Martin ratioReturn relative to average drawdown | 3.55 | 7.69 | -4.13 |
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 | JPJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.25 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.53 | -0.52 |
Correlation
The correlation between PAJS.L and JPJP.L is 0.93, 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. JPJP.L - Dividend Comparison
Neither PAJS.L nor JPJP.L has paid dividends to shareholders.
Drawdowns
PAJS.L vs. JPJP.L - Drawdown Comparison
The maximum PAJS.L drawdown since its inception was -29.71%, which is greater than JPJP.L's maximum drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for PAJS.L and JPJP.L.
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Drawdown Indicators
| PAJS.L | JPJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.71% | -24.23% | -5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -10.70% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.23% | — |
Current DrawdownCurrent decline from peak | -15.12% | -9.28% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -16.72% | -5.08% | -11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 3.15% | +0.25% |
Volatility
PAJS.L vs. JPJP.L - Volatility Comparison
The current volatility for Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Acc (PAJS.L) is 8.33%, while SPDR MSCI Japan UCITS ETF (JPJP.L) has a volatility of 8.92%. This indicates that PAJS.L experiences smaller price fluctuations and is considered to be less risky than JPJP.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 | JPJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 8.92% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 13.95% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.06% | 18.90% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.31% | 15.60% | +6.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.31% | 15.89% | +6.42% |