SCJ vs. ISJP.L
SCJ (iShares MSCI Japan Small Cap ETF) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds from iShares - SCJ tracks the MSCI Japan Small Cap Index while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 10 years, SCJ returned 7.51%/yr vs 7.86%/yr for ISJP.L. A 0.75 correlation means they provide meaningful diversification when combined. SCJ charges 0.49%/yr vs 0.58%/yr for ISJP.L.
Performance
SCJ vs. ISJP.L - Performance Comparison
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Different Trading Currencies
SCJ 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 SCJ having a 13.94% return and ISJP.L slightly higher at 14.28%. Both investments have delivered pretty close results over the past 10 years, with SCJ having a 7.51% annualized return and ISJP.L not far ahead at 7.86%.
SCJ
- 1D
- 0.44%
- 1M
- 4.20%
- YTD
- 13.94%
- 6M
- 15.93%
- 1Y
- 28.52%
- 3Y*
- 17.56%
- 5Y*
- 7.58%
- 10Y*
- 7.51%
ISJP.L
- 1D
- 0.32%
- 1M
- 4.70%
- YTD
- 14.28%
- 6M
- 16.55%
- 1Y
- 29.06%
- 3Y*
- 17.71%
- 5Y*
- 7.68%
- 10Y*
- 7.86%
SCJ vs. ISJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCJ iShares MSCI Japan Small Cap ETF | 13.94% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -17.17% | 31.61% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 14.28% | 30.01% | 3.24% | 12.66% | -12.49% | -2.90% | 7.72% | 18.51% | -16.97% | 30.71% |
Correlation
The correlation between SCJ and ISJP.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 | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since May 13, 2008 | 0.75 |
The correlation between SCJ and ISJP.L shifts across timeframes, from 0.75 (all time) to 0.86 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCJ vs. ISJP.L — Risk / Return Rank
SCJ
ISJP.L
SCJ vs. ISJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap ETF (SCJ) 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.
| SCJ | ISJP.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.73 | +0.04 |
Sortino ratioReturn per unit of downside risk | 2.54 | 2.46 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.45 | +0.06 |
Martin ratioReturn relative to average drawdown | 8.51 | 7.98 | +0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCJ | ISJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.73 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.47 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.48 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.35 | -0.04 |
Drawdowns
SCJ vs. ISJP.L - Drawdown Comparison
The maximum SCJ drawdown since its inception was -43.52%, which is greater than ISJP.L's maximum drawdown of -41.35%. Use the drawdown chart below to compare losses from any high point for SCJ and ISJP.L.
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Drawdown Indicators
| SCJ | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.52% | -41.35% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.17% | -11.79% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -12.58% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -33.25% | -33.09% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.87% | -36.04% | -2.83% |
Current DrawdownCurrent decline from peak | -2.17% | -2.11% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -9.60% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.63% | -0.04% |
Volatility
SCJ vs. ISJP.L - Volatility Comparison
iShares MSCI Japan Small Cap ETF (SCJ) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) have volatilities of 4.08% and 4.18%, 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
| SCJ | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.08% | 4.18% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 14.23% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 16.78% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.81% | 16.32% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 16.54% | -0.25% |
SCJ vs. ISJP.L - Expense Ratio Comparison
SCJ has a 0.49% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
SCJ vs. ISJP.L - Dividend Comparison
SCJ's dividend yield for the trailing twelve months is around 2.76%, more than ISJP.L's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.69% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.68% |
SCJ iShares MSCI Japan Small Cap ETF | 2.76% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
SCJ and ISJP.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, SCJ is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCJ is cheaper with a 0.49% expense ratio, compared with 0.58% for ISJP.L.
SCJ tracks MSCI Japan Small Cap Index, while ISJP.L tracks MSCI Japan Small Cap NR JPY. Their fees differ too: 0.49% for SCJ and 0.58% for ISJP.L.
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