SGAJ.DE vs. SXRZ.DE
SGAJ.DE (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and SXRZ.DE (iShares Nikkei 225 UCITS ETF (Acc)) are both Japan Equities funds from iShares - SGAJ.DE tracks the MSCI Japan ESG Screened while SXRZ.DE tracks the Nikkei 225®. Both are passively managed. Over the past 5 years, SGAJ.DE returned 9.71%/yr vs 11.98%/yr for SXRZ.DE. Their correlation of 0.92 suggests significant overlap in exposure. SGAJ.DE charges 0.15%/yr vs 0.48%/yr for SXRZ.DE.
Performance
SGAJ.DE vs. SXRZ.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 lower than SXRZ.DE's 32.06% return.
SGAJ.DE
- 1D
- -0.33%
- 1M
- 4.03%
- YTD
- 17.45%
- 6M
- 17.53%
- 1Y
- 31.96%
- 3Y*
- 15.05%
- 5Y*
- 9.71%
- 10Y*
- —
SXRZ.DE
- 1D
- -1.49%
- 1M
- 7.63%
- YTD
- 32.06%
- 6M
- 30.08%
- 1Y
- 60.04%
- 3Y*
- 20.34%
- 5Y*
- 11.98%
- 10Y*
- 11.60%
SGAJ.DE vs. SXRZ.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% |
SXRZ.DE iShares Nikkei 225 UCITS ETF (Acc) | 32.06% | 15.71% | 13.83% | 17.70% | -15.73% | 3.03% | 13.44% | 24.31% | -6.81% |
Correlation
The correlation between SGAJ.DE and SXRZ.DE 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 | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.92 |
The correlation between SGAJ.DE and SXRZ.DE has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
SGAJ.DE vs. SXRZ.DE — Risk / Return Rank
SGAJ.DE
SXRZ.DE
SGAJ.DE vs. SXRZ.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 Nikkei 225 UCITS ETF (Acc) (SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.42 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.57 | -1.60 |
| Martin ratioReturn relative to average drawdown | 9.77 | 13.83 | -4.06 |
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 | SXRZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 2.53 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.58 | -0.03 |
Drawdowns
SGAJ.DE vs. SXRZ.DE - Drawdown Comparison
The maximum SGAJ.DE drawdown since its inception was -28.20%, smaller than the maximum SXRZ.DE drawdown of -29.90%. Use the drawdown chart below to compare losses from any high point for SGAJ.DE and SXRZ.DE.
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Drawdown Indicators
| SGAJ.DE | SXRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.20% | -29.90% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -12.92% | +2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -17.14% | -20.19% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -19.32% | -21.46% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.90% | — |
Current DrawdownCurrent decline from peak | -0.33% | -1.49% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -7.26% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 4.28% | -1.13% |
Volatility
SGAJ.DE vs. SXRZ.DE - Volatility Comparison
The current volatility for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGAJ.DE) is 3.44%, while iShares Nikkei 225 UCITS ETF (Acc) (SXRZ.DE) has a volatility of 6.62%. This indicates that SGAJ.DE experiences smaller price fluctuations and is considered to be less risky than SXRZ.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 | SXRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 6.62% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.00% | 18.37% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.93% | 23.34% | -4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 18.49% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 17.77% | -0.36% |
SGAJ.DE vs. SXRZ.DE - Expense Ratio Comparison
SGAJ.DE has a 0.15% expense ratio, which is lower than SXRZ.DE's 0.48% expense ratio.
Dividends
SGAJ.DE vs. SXRZ.DE - Dividend Comparison
Neither SGAJ.DE nor SXRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
SGAJ.DE and SXRZ.DE 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, SGAJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGAJ.DE is cheaper with a 0.15% expense ratio, compared with 0.48% for SXRZ.DE.
SGAJ.DE tracks MSCI Japan ESG Screened, while SXRZ.DE tracks Nikkei 225®. Their fees differ too: 0.15% for SGAJ.DE and 0.48% for SXRZ.DE.
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