SAJP.L vs. VJPU.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while VJPU.L tracks the FTSE Japan (USD Hedged). Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 22.28%/yr for VJPU.L. Their correlation of 0.82 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.20%/yr for VJPU.L.
Performance
SAJP.L vs. VJPU.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 VJPU.L's 21.68% 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*
- —
VJPU.L
- 1D
- -1.00%
- 1M
- 1.01%
- 6M
- 14.24%
- YTD
- 21.68%
- 1Y
- 52.01%
- 3Y*
- 29.40%
- 5Y*
- 22.28%
- 10Y*
- —
SAJP.L vs. VJPU.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% | 18.24% |
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 21.68% | 31.51% | 23.81% | 35.67% | -2.33% | 12.22% | 11.64% |
Correlation
The correlation between SAJP.L and VJPU.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 Jan 31, 2020 | 0.82 |
The correlation between SAJP.L and VJPU.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. VJPU.L — Risk / Return Rank
SAJP.L
VJPU.L
SAJP.L vs. VJPU.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 Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.46 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 5.41 | -2.66 |
| Martin ratioReturn relative to average drawdown | 8.96 | 18.53 | -9.57 |
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Drawdowns
SAJP.L vs. VJPU.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, which is greater than VJPU.L's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for SAJP.L and VJPU.L.
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Drawdown Indicators
| SAJP.L | VJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -27.53% | -5.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -9.57% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -21.44% | +6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -21.44% | -11.27% |
Current DrawdownCurrent decline from peak | -4.79% | -2.71% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -4.11% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 2.80% | +1.16% |
Volatility
SAJP.L vs. VJPU.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) at 6.34%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than VJPU.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 | VJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 6.34% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 15.82% | +2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 19.88% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 18.51% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 19.59% | -0.67% |
SAJP.L vs. VJPU.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than VJPU.L's 0.20% 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. VJPU.L - Dividend Comparison
Neither SAJP.L nor VJPU.L has paid dividends to shareholders.
Frequently Asked Questions
SAJP.L and VJPU.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 0.20% for VJPU.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while VJPU.L tracks FTSE Japan (USD Hedged). They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for SAJP.L and 0.20% for VJPU.L.
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