SAJP.L vs. IJPD.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 21.89%/yr for IJPD.L. Their correlation of 0.83 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.64%/yr for IJPD.L.
Performance
SAJP.L vs. IJPD.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 IJPD.L's 22.10% 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*
- —
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
SAJP.L vs. IJPD.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% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -11.12% |
Correlation
The correlation between SAJP.L and IJPD.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.83 |
The correlation between SAJP.L and IJPD.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. IJPD.L — Risk / Return Rank
SAJP.L
IJPD.L
SAJP.L vs. IJPD.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 MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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 | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.45 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.55 | -2.80 |
| Martin ratioReturn relative to average drawdown | 8.96 | 18.34 | -9.38 |
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Drawdowns
SAJP.L vs. IJPD.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, which is greater than IJPD.L's maximum drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for SAJP.L and IJPD.L.
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Drawdown Indicators
| SAJP.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -31.09% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -9.32% | -3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -21.80% | +7.33% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -21.80% | -10.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.09% | — |
Current DrawdownCurrent decline from peak | -4.79% | -3.28% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -6.71% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.83% | +1.13% |
Volatility
SAJP.L vs. IJPD.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) at 6.63%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than IJPD.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 | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 6.63% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 16.49% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 20.77% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 18.97% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 18.64% | +0.28% |
SAJP.L vs. IJPD.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
SAJP.L vs. IJPD.L - Dividend Comparison
Neither SAJP.L nor IJPD.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and IJPD.L have a correlation of 0.89, 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 0.64% for IJPD.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. Their fees differ too: 0.15% for SAJP.L and 0.64% for IJPD.L.
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