SGJP.L vs. HPJS.L
SGJP.L (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and HPJS.L (HSBC MSCI Japan Climate Paris Aligned UCITS ETF) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and HSBC respectively. Both are passively managed. Over the past 3 years, SGJP.L returned 15.15%/yr vs 7.09%/yr for HPJS.L. Their correlation of 0.93 suggests significant overlap in exposure. SGJP.L charges 0.15%/yr vs 0.18%/yr for HPJS.L.
Performance
SGJP.L vs. HPJS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGJP.L achieves a 17.03% return, which is significantly higher than HPJS.L's 8.46% return.
SGJP.L
- 1D
- -0.43%
- 1M
- 4.16%
- YTD
- 17.03%
- 6M
- 16.27%
- 1Y
- 35.44%
- 3Y*
- 15.15%
- 5Y*
- —
- 10Y*
- —
HPJS.L
- 1D
- -1.17%
- 1M
- 0.61%
- YTD
- 8.46%
- 6M
- 6.90%
- 1Y
- 25.79%
- 3Y*
- 7.09%
- 5Y*
- —
- 10Y*
- —
SGJP.L vs. HPJS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGJP.L iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) | 17.03% | 16.65% | 8.33% | 13.55% | -7.58% | -3.10% |
HPJS.L HSBC MSCI Japan Climate Paris Aligned UCITS ETF | 8.46% | 14.99% | -1.51% | 9.90% | -15.00% | -3.14% |
Correlation
The correlation between SGJP.L and HPJS.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 12, 2021 | 0.93 |
The correlation between SGJP.L and HPJS.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
SGJP.L vs. HPJS.L — Risk / Return Rank
SGJP.L
HPJS.L
SGJP.L vs. HPJS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) and HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.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.
| SGJP.L | HPJS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.04 | +1.14 |
| Martin ratioReturn relative to average drawdown | 10.33 | 6.70 | +3.64 |
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
| SGJP.L | HPJS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 1.35 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.15 | +0.48 |
Drawdowns
SGJP.L vs. HPJS.L - Drawdown Comparison
The maximum SGJP.L drawdown since its inception was -18.79%, smaller than the maximum HPJS.L drawdown of -24.65%. Use the drawdown chart below to compare losses from any high point for SGJP.L and HPJS.L.
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Drawdown Indicators
| SGJP.L | HPJS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.79% | -24.65% | +5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -12.22% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.67% | -17.24% | +2.57% |
Current DrawdownCurrent decline from peak | -0.43% | -1.70% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -6.13% | -11.45% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 3.72% | -0.41% |
Volatility
SGJP.L vs. HPJS.L - Volatility Comparison
The current volatility for iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) is 4.09%, while HSBC MSCI Japan Climate Paris Aligned UCITS ETF (HPJS.L) has a volatility of 4.72%. This indicates that SGJP.L experiences smaller price fluctuations and is considered to be less risky than HPJS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGJP.L | HPJS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 4.72% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.78% | 14.68% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 18.43% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 15.94% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.94% | 15.94% | 0.00% |
SGJP.L vs. HPJS.L - Expense Ratio Comparison
SGJP.L has a 0.15% expense ratio, which is lower than HPJS.L's 0.18% 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
SGJP.L vs. HPJS.L - Dividend Comparison
Neither SGJP.L nor HPJS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SGJP.L and HPJS.L 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, SGJP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGJP.L is cheaper with a 0.15% expense ratio, compared with 0.18% for HPJS.L.
Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.15% for SGJP.L and 0.18% for HPJS.L.
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