SAJP.L vs. CSP1.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - SAJP.L is a Japan Equities fund tracking the iShares MSCI Japan Screened UCITS ETF USD (Acc), while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 13.16%/yr for CSP1.L. A 0.60 correlation means they provide meaningful diversification when combined. SAJP.L charges 0.15%/yr vs 0.07%/yr for CSP1.L.
Performance
SAJP.L vs. CSP1.L - Performance Comparison
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Different Trading Currencies
SAJP.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SAJP.L achieves a 16.26% return, which is significantly higher than CSP1.L's 10.64% return.
SAJP.L
- 1D
- -1.17%
- 1M
- -1.57%
- 6M
- 10.14%
- YTD
- 16.26%
- 1Y
- 35.58%
- 3Y*
- 17.39%
- 5Y*
- 9.04%
- 10Y*
- —
CSP1.L
- 1D
- 0.64%
- 1M
- 0.52%
- 6M
- 10.36%
- YTD
- 10.64%
- 1Y
- 22.24%
- 3Y*
- 20.23%
- 5Y*
- 13.16%
- 10Y*
- 15.00%
SAJP.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 16.26% | 25.26% | 6.44% | 20.16% | -17.41% | 0.61% | 17.09% | 19.24% | -9.46% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.64% | 17.63% | 25.22% | 26.11% | -18.77% | 29.88% | 17.14% | 31.49% | -9.54% |
Correlation
The correlation between SAJP.L and CSP1.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.60 |
The correlation between SAJP.L and CSP1.L has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. CSP1.L — Risk / Return Rank
SAJP.L
CSP1.L
SAJP.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.
| SAJP.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.33 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.55 | +0.20 |
| Martin ratioReturn relative to average drawdown | 8.96 | 10.42 | -1.46 |
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Drawdowns
SAJP.L vs. CSP1.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, roughly equal to the maximum CSP1.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for SAJP.L and CSP1.L.
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Drawdown Indicators
| SAJP.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -33.51% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -8.68% | -4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -19.33% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -25.16% | -7.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.51% | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.22% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -4.07% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.13% | +1.83% |
Volatility
SAJP.L vs. CSP1.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 3.12%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAJP.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 3.12% | +4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 8.66% | +9.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 11.64% | +10.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 20.99% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 18.84% | +0.08% |
SAJP.L vs. CSP1.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is higher than CSP1.L's 0.07% 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
SAJP.L vs. CSP1.L - Dividend Comparison
Neither SAJP.L nor CSP1.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and CSP1.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.15% for SAJP.L.
SAJP.L is categorized as Japan Equities, while CSP1.L is S&P 500. SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.15% for SAJP.L and 0.07% for CSP1.L.
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