SAJP.L vs. ISJP.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds from iShares - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 7.92%/yr for ISJP.L. Their correlation of 0.82 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.58%/yr for ISJP.L.
Performance
SAJP.L vs. ISJP.L - Performance Comparison
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Different Trading Currencies
SAJP.L is traded in USD, while ISJP.L is traded in GBp. To make them comparable, the ISJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SAJP.L having a 16.26% return and ISJP.L slightly higher at 16.53%.
SAJP.L
- 1D
- -1.17%
- 1M
- -1.57%
- 6M
- 10.14%
- YTD
- 16.26%
- 1Y
- 35.58%
- 3Y*
- 17.39%
- 5Y*
- 9.04%
- 10Y*
- —
ISJP.L
- 1D
- -0.31%
- 1M
- 1.90%
- 6M
- 12.06%
- YTD
- 16.53%
- 1Y
- 31.78%
- 3Y*
- 17.79%
- 5Y*
- 7.92%
- 10Y*
- 8.10%
SAJP.L vs. ISJP.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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 16.53% | 30.01% | 3.24% | 12.66% | -12.49% | -2.90% | 7.72% | 18.51% | -9.79% |
Correlation
The correlation between SAJP.L and ISJP.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.82 |
The correlation between SAJP.L and ISJP.L has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. ISJP.L — Risk / Return Rank
SAJP.L
ISJP.L
SAJP.L vs. ISJP.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 Small Cap UCITS ETF (Dist) (ISJP.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 | ISJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.68 | +0.07 |
| Martin ratioReturn relative to average drawdown | 8.96 | 8.63 | +0.33 |
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Drawdowns
SAJP.L vs. ISJP.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum ISJP.L drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for SAJP.L and ISJP.L.
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Drawdown Indicators
| SAJP.L | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -69.60% | +36.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -11.79% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -12.58% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -33.09% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.04% | — |
Current DrawdownCurrent decline from peak | -4.79% | -1.97% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -30.31% | +22.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.67% | +0.29% |
Volatility
SAJP.L vs. ISJP.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 Small Cap UCITS ETF (Dist) (ISJP.L) at 4.99%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than ISJP.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 | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 4.99% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 14.87% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 17.30% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 16.30% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 16.51% | +2.41% |
SAJP.L vs. ISJP.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
SAJP.L vs. ISJP.L - Dividend Comparison
SAJP.L has not paid dividends to shareholders, while ISJP.L's dividend yield for the trailing twelve months is around 0.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.86% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAJP.L and ISJP.L have a correlation of 0.78, 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 0.58% for ISJP.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while ISJP.L tracks MSCI Japan Small Cap NR JPY. Their fees differ too: 0.15% for SAJP.L and 0.58% for ISJP.L.
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