SAJP.L vs. XDJP.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while XDJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 12.35%/yr for XDJP.L. Their correlation of 0.87 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.09%/yr for XDJP.L.
Performance
SAJP.L vs. XDJP.L - Performance Comparison
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Different Trading Currencies
SAJP.L is traded in USD, while XDJP.L is traded in GBp. To make them comparable, the XDJP.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 lower than XDJP.L's 31.03% 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*
- —
XDJP.L
- 1D
- -0.75%
- 1M
- -3.10%
- 6M
- 23.29%
- YTD
- 31.03%
- 1Y
- 59.23%
- 3Y*
- 23.27%
- 5Y*
- 12.35%
- 10Y*
- 12.12%
SAJP.L vs. XDJP.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% |
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 31.03% | 30.18% | 7.85% | 21.61% | -19.86% | -4.66% | 25.50% | 21.26% | -8.94% |
Correlation
The correlation between SAJP.L and XDJP.L is 0.86, 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 | 0.86 |
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 19, 2018 | 0.87 |
The correlation between SAJP.L and XDJP.L has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. XDJP.L — Risk / Return Rank
SAJP.L
XDJP.L
SAJP.L vs. XDJP.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 Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.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 | XDJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 3.84 | -1.09 |
| Martin ratioReturn relative to average drawdown | 8.96 | 12.02 | -3.06 |
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Drawdowns
SAJP.L vs. XDJP.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum XDJP.L drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SAJP.L and XDJP.L.
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Drawdown Indicators
| SAJP.L | XDJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -99.99% | +67.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -15.36% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -19.06% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -33.97% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.79% | — |
Current DrawdownCurrent decline from peak | -4.79% | -99.97% | +95.18% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -99.41% | +91.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.91% | -0.95% |
Volatility
SAJP.L vs. XDJP.L - Volatility Comparison
The current volatility for iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) is 7.13%, while Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a volatility of 10.04%. This indicates that SAJP.L experiences smaller price fluctuations and is considered to be less risky than XDJP.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 | XDJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 10.04% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 21.79% | -3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 26.64% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 20.52% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 18.74% | +0.18% |
SAJP.L vs. XDJP.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is higher than XDJP.L's 0.09% expense ratio. However, 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. XDJP.L - Dividend Comparison
SAJP.L has not paid dividends to shareholders, while XDJP.L's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D | 1.05% | 1.33% | 1.41% | 1.60% | 2.47% | 1.20% | 1.11% | 1.13% | 1.24% | 0.72% | 0.83% | 0.16% |
Frequently Asked Questions
SAJP.L and XDJP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDJP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.15% for SAJP.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while XDJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for SAJP.L and 0.09% for XDJP.L.
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