SAJP.L vs. IUIT.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and IUIT.L (iShares S&P 500 Information Technology Sector 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 IUIT.L is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 21.03%/yr for IUIT.L. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SAJP.L vs. IUIT.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SAJP.L having a 16.26% return and IUIT.L slightly higher at 17.06%.
SAJP.L
- 1D
- -1.17%
- 1M
- -1.57%
- 6M
- 10.14%
- YTD
- 16.26%
- 1Y
- 35.58%
- 3Y*
- 17.39%
- 5Y*
- 9.04%
- 10Y*
- —
IUIT.L
- 1D
- -0.78%
- 1M
- -2.95%
- 6M
- 19.62%
- YTD
- 17.06%
- 1Y
- 31.65%
- 3Y*
- 29.24%
- 5Y*
- 21.03%
- 10Y*
- 25.50%
SAJP.L vs. IUIT.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% |
IUIT.L iShares S&P 500 Information Technology Sector UCITS ETF | 17.06% | 22.93% | 38.51% | 59.45% | -29.15% | 34.09% | 43.14% | 48.83% | -11.64% |
Correlation
The correlation between SAJP.L and IUIT.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2018 | 0.57 |
The correlation between SAJP.L and IUIT.L shifts across timeframes, from 0.46 (3 years) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SAJP.L vs. IUIT.L — Risk / Return Rank
SAJP.L
IUIT.L
SAJP.L vs. IUIT.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 S&P 500 Information Technology Sector UCITS ETF (IUIT.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 | IUIT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.85 | +0.90 |
| Martin ratioReturn relative to average drawdown | 8.96 | 4.97 | +3.99 |
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Drawdowns
SAJP.L vs. IUIT.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, roughly equal to the maximum IUIT.L drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for SAJP.L and IUIT.L.
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Drawdown Indicators
| SAJP.L | IUIT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -33.46% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -17.03% | +4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -26.40% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -33.46% | +0.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -4.79% | -7.85% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -5.91% | -2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 6.35% | -2.39% |
Volatility
SAJP.L vs. IUIT.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) and iShares S&P 500 Information Technology Sector UCITS ETF (IUIT.L) have volatilities of 7.13% and 7.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAJP.L | IUIT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 7.15% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 17.59% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 22.08% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 23.96% | -5.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 22.32% | -3.40% |
SAJP.L vs. IUIT.L - Expense Ratio Comparison
Both SAJP.L and IUIT.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SAJP.L vs. IUIT.L - Dividend Comparison
Neither SAJP.L nor IUIT.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and IUIT.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SAJP.L and IUIT.L have the same expense ratio: 0.15% per year.
SAJP.L is categorized as Japan Equities, while IUIT.L is Technology Equities. SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while IUIT.L tracks S&P 500 Capped 35/20 Information Technology Index.
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