SAJP.L vs. JARI.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and JARI.L (Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C)) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while JARI.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 1.86%/yr for JARI.L. Their correlation of 0.86 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.18%/yr for JARI.L.
Performance
SAJP.L vs. JARI.L - Performance Comparison
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Different Trading Currencies
SAJP.L is traded in USD, while JARI.L is traded in GBp. To make them comparable, the JARI.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 JARI.L's 7.85% 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*
- —
JARI.L
- 1D
- -0.75%
- 1M
- 4.30%
- 6M
- 3.97%
- YTD
- 7.85%
- 1Y
- 20.66%
- 3Y*
- 6.48%
- 5Y*
- 1.86%
- 10Y*
- —
SAJP.L vs. JARI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 16.26% | 25.26% | 6.44% | 20.16% | -17.41% | 0.61% | 14.35% |
JARI.L Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) | 7.85% | 18.35% | -3.91% | 10.54% | -20.32% | -28.83% | 20.42% |
Correlation
The correlation between SAJP.L and JARI.L is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.86 |
The correlation between SAJP.L and JARI.L has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. JARI.L — Risk / Return Rank
SAJP.L
JARI.L
SAJP.L vs. JARI.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 Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.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 | JARI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.20 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 1.69 | +1.06 |
| Martin ratioReturn relative to average drawdown | 8.96 | 4.69 | +4.27 |
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Drawdowns
SAJP.L vs. JARI.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum JARI.L drawdown of -52.48%. Use the drawdown chart below to compare losses from any high point for SAJP.L and JARI.L.
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Drawdown Indicators
| SAJP.L | JARI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -52.48% | +19.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -12.14% | -0.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -15.93% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -35.12% | +2.41% |
Current DrawdownCurrent decline from peak | -4.79% | -28.28% | +23.49% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -37.33% | +29.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.40% | -0.44% |
Volatility
SAJP.L vs. JARI.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to Amundi Index MSCI Japan SRI PAB UCITS ETF DR (C) (JARI.L) at 5.67%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than JARI.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 | JARI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 5.67% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 15.58% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 19.46% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 17.45% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 21.64% | -2.72% |
SAJP.L vs. JARI.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than JARI.L's 0.18% expense ratio. Despite the difference, 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. JARI.L - Dividend Comparison
Neither SAJP.L nor JARI.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and JARI.L have a correlation of 0.85, 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 0.18% for JARI.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while JARI.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for SAJP.L and 0.18% for JARI.L.
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