SAJP.L vs. DXJA.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 27.43%/yr for DXJA.L. A 0.79 correlation means they provide meaningful diversification when combined. SAJP.L charges 0.15%/yr vs 0.48%/yr for DXJA.L.
Performance
SAJP.L vs. DXJA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAJP.L achieves a 16.26% return, which is significantly lower than DXJA.L's 23.53% 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*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
SAJP.L vs. DXJA.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% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 6.24% | 17.35% | 4.48% | 17.49% | -13.15% |
Correlation
The correlation between SAJP.L and DXJA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.79 |
The correlation between SAJP.L and DXJA.L has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. DXJA.L — Risk / Return Rank
SAJP.L
DXJA.L
SAJP.L vs. DXJA.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 WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.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 | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.49 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.51 | -2.76 |
| Martin ratioReturn relative to average drawdown | 8.96 | 18.98 | -10.02 |
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Drawdowns
SAJP.L vs. DXJA.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for SAJP.L and DXJA.L.
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Drawdown Indicators
| SAJP.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -37.51% | +4.80% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -10.10% | -2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -23.01% | +8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -23.01% | -9.70% |
Current DrawdownCurrent decline from peak | -4.79% | -1.57% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -6.66% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.94% | +1.02% |
Volatility
SAJP.L vs. DXJA.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than DXJA.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 | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 5.86% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 16.15% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 20.12% | +1.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 19.40% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 19.24% | -0.32% |
SAJP.L vs. DXJA.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than DXJA.L's 0.48% expense ratio.
Dividends
SAJP.L vs. DXJA.L - Dividend Comparison
Neither SAJP.L nor DXJA.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and DXJA.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAJP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAJP.L is cheaper with a 0.15% expense ratio, compared with 0.48% for DXJA.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for SAJP.L and 0.48% for DXJA.L.
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