SGJP.L vs. IJPH.L

Last updated Jun 5, 2026

SGJP.L (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) are both Japan Equities funds from iShares - SGJP.L tracks the TOPIX TR JPY while IJPH.L tracks the MSCI Japan 100% Hedged to GBP Index. Both are passively managed. Over the past 3 years, SGJP.L returned 15.15%/yr vs 28.46%/yr for IJPH.L. A 0.78 correlation means they provide meaningful diversification when combined. SGJP.L charges 0.15%/yr vs 0.64%/yr for IJPH.L.

Performance

SGJP.L vs. IJPH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGJP.L achieves a 17.03% return, which is significantly lower than IJPH.L's 19.91% return.

SGJP.L

• 1D: -0.43%
• 1M: 4.16%
• YTD: 17.03%
• 6M: 16.27%
• 1Y: 35.44%
• 3Y*: 15.15%
• 5Y*: —
• 10Y*: —

IJPH.L

• 1D: -0.37%
• 1M: 5.15%
• YTD: 19.91%
• 6M: 21.81%
• 1Y: 53.07%
• 3Y*: 28.46%
• 5Y*: 20.45%
• 10Y*: 14.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGJP.L vs. IJPH.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%	2.94%
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF	19.91%	29.38%	23.82%	34.19%	-4.30%	3.80%

Correlation

The correlation between SGJP.L and IJPH.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	0.83
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.78

The correlation between SGJP.L and IJPH.L has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

SGJP.L vs. IJPH.L - Sectors Allocation Comparison

Sectors	SGJP.L	IJPH.L
Industrials	25.2%	26.0%
Technology	20.8%	19.1%
Financial Services	19.0%	17.5%
Consumer Cyclical	11.0%	12.2%
Communication Services	8.6%	7.9%
Healthcare	6.8%	6.3%
Basic Materials	3.1%	3.0%
Real Estate	2.5%	2.3%
Consumer Defensive	2.4%	3.6%
Utilities	0.6%	1.1%
Energy	-	1.1%

Return for Risk

SGJP.L vs. IJPH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SGJP.L

SGJP.L Risk / Return Rank: 59
SGJP.L Sharpe Ratio Rank: 56
SGJP.L Sortino Ratio Rank: 57
SGJP.L Omega Ratio Rank: 58
SGJP.L Calmar Ratio Rank: 65
SGJP.L Martin Ratio Rank: 59

IJPH.L

IJPH.L Risk / Return Rank: 85
IJPH.L Sharpe Ratio Rank: 82
IJPH.L Sortino Ratio Rank: 84
IJPH.L Omega Ratio Rank: 82
IJPH.L Calmar Ratio Rank: 90
IJPH.L Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGJP.L vs. IJPH.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 iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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	IJPH.L	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.62	-0.76
Sortino ratio: Return per unit of downside risk	2.67	3.72	-1.05
Omega ratio: Gain probability vs. loss probability	1.35	1.49	-0.14
Calmar ratio: Return relative to maximum drawdown	3.17	5.41	-2.24
Martin ratio: Return relative to average drawdown	10.33	19.27	-8.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGJP.L vs. IJPH.L - Sharpe Ratio Comparison

The current SGJP.L Sharpe Ratio is 1.86, which is comparable to the IJPH.L Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of SGJP.L and IJPH.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGJP.L	IJPH.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.62	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.07	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.77	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.73	-0.11

Drawdowns

SGJP.L vs. IJPH.L - Drawdown Comparison

The maximum SGJP.L drawdown since its inception was -18.79%, smaller than the maximum IJPH.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for SGJP.L and IJPH.L.

Drawdown Indicators

	SGJP.L	IJPH.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-34.55%	+15.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-9.64%	-1.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	-21.95%	+7.28%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.55%	—
Current Drawdown Current decline from peak	-0.43%	-0.37%	-0.06%
Average Drawdown Average peak-to-trough decline	-6.13%	-7.42%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.71%	+0.60%

Volatility

SGJP.L vs. IJPH.L - Volatility Comparison

iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) has a higher volatility of 4.09% compared to iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) at 3.51%. This indicates that SGJP.L's price experiences larger fluctuations and is considered to be riskier than IJPH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGJP.L	IJPH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.51%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	14.78%	15.39%	-0.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	19.98%	-1.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	19.01%	-3.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	19.24%	-3.30%

SGJP.L vs. IJPH.L - Expense Ratio Comparison

SGJP.L has a 0.15% expense ratio, which is lower than IJPH.L's 0.64% expense ratio.

Dividends

SGJP.L vs. IJPH.L - Dividend Comparison

Neither SGJP.L nor IJPH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SGJP.L and IJPH.L in my portfolio?

SGJP.L and IJPH.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.

Which ETF is better, SGJP.L or IJPH.L?

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.

Which ETF is cheaper, SGJP.L or IJPH.L?

SGJP.L is cheaper with a 0.15% expense ratio, compared with 0.64% for IJPH.L.

What is the main difference between SGJP.L and IJPH.L?

SGJP.L tracks TOPIX TR JPY, while IJPH.L tracks MSCI Japan 100% Hedged to GBP Index. Their fees differ too: 0.15% for SGJP.L and 0.64% for IJPH.L.