SGAJ.DE vs. EUNN.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and EUNN.DE (iShares Core MSCI Japan IMI UCITS ETF) are both Japan Equities funds from iShares - SGAJ.DE tracks the MSCI Japan ESG Screened while EUNN.DE tracks the MSCI Japan IMI. Both are passively managed. Over the past 5 years, SGAJ.DE returned 9.71%/yr vs 9.85%/yr for EUNN.DE. With a 0.99 correlation, they move nearly in lockstep. SGAJ.DE charges 0.15%/yr vs 0.12%/yr for EUNN.DE.
Performance
SGAJ.DE vs. EUNN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SGAJ.DE achieves a 17.45% return, which is significantly higher than EUNN.DE's 16.53% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 6.57%
- YTD
- 17.45%
- 6M
- 17.20%
- 1Y
- 30.86%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
EUNN.DE
- 1D
- -0.27%
- 1M
- 5.77%
- YTD
- 16.53%
- 6M
- 16.83%
- 1Y
- 30.19%
- 3Y*
- 15.47%
- 5Y*
- 9.85%
- 10Y*
- 9.05%
SGAJ.DE vs. EUNN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SGAJ.DE iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.45% | 11.73% | 13.07% | 16.02% | -12.85% | 9.72% | 5.86% | 23.60% | -6.85% |
EUNN.DE iShares Core MSCI Japan IMI UCITS ETF | 16.53% | 13.46% | 12.90% | 15.16% | -11.47% | 9.25% | 4.10% | 22.24% | -6.62% |
Correlation
The correlation between SGAJ.DE and EUNN.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.99 |
The correlation between SGAJ.DE and EUNN.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
SGAJ.DE vs. EUNN.DE — Risk / Return Rank
SGAJ.DE
EUNN.DE
SGAJ.DE vs. EUNN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) and iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE). 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.
| SGAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 3.14 | -0.17 |
| Martin ratioReturn relative to average drawdown | 9.77 | 10.51 | -0.74 |
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
| SGAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.67 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.61 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.53 | +0.01 |
Drawdowns
SGAJ.DE vs. EUNN.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, roughly equal to the maximum EUNN.DE drawdown of -28.55%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and EUNN.DE.
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Drawdown Indicators
| SGAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -28.55% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -9.58% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -15.81% | -1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -19.41% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.55% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.27% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -6.85% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.86% | +0.29% |
Volatility
SGAJ.DE vs. EUNN.DE - Volatility Comparison
iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) has a higher volatility of 3.44% compared to iShares Core MSCI Japan IMI UCITS ETF (EUNN.DE) at 3.16%. This indicates that SGAJ.DE's price experiences larger fluctuations and is considered to be riskier than EUNN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGAJ.DE | EUNN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.16% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 14.53% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 17.97% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 16.04% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 16.08% | +1.33% |
SGAJ.DE vs. EUNN.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% expense ratio, which is higher than EUNN.DE's 0.12% 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
SGAJ.DE vs. EUNN.DE - Dividend Comparison
Neither SGAJ.DE nor EUNN.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SGAJ.DE and EUNN.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EUNN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNN.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for SGAJ.DE.
SGAJ.DE tracks MSCI Japan ESG Screened, while EUNN.DE tracks MSCI Japan IMI. Their fees differ too: 0.15% for SGAJ.DE and 0.12% for EUNN.DE.
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