SGJP.L vs. JPJP.L

Last updated Jun 5, 2026

SGJP.L (iShares MSCI Japan ESG Screened UCITS ETF USD (Acc)) and JPJP.L (SPDR MSCI Japan UCITS ETF) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and State Street respectively. Both are passively managed. Over the past 3 years, SGJP.L returned 15.15%/yr vs 15.59%/yr for JPJP.L. With a 0.99 correlation, they move nearly in lockstep. SGJP.L charges 0.15%/yr vs 0.12%/yr for JPJP.L.

Performance

SGJP.L vs. JPJP.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 SPDR MSCI Japan UCITS ETF (JPJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SGJP.L having a 17.03% return and JPJP.L slightly lower at 16.36%.

SGJP.L

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

JPJP.L

• 1D: -0.43%
• 1M: 3.57%
• YTD: 16.36%
• 6M: 15.59%
• 1Y: 35.39%
• 3Y*: 15.59%
• 5Y*: 10.18%
• 10Y*: 10.23%

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

SGJP.L vs. JPJP.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%
JPJP.L SPDR MSCI Japan UCITS ETF	16.36%	17.50%	9.02%	13.95%	-7.16%	2.80%

Correlation

The correlation between SGJP.L and JPJP.L is 0.99 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.99

The correlation between SGJP.L and JPJP.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

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

Sectors	SGJP.L	JPJP.L
Industrials	25.2%	26.0%
Technology	20.8%	19.1%
Financial Services	19.0%	17.5%
Consumer Cyclical	11.0%	12.1%
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. JPJP.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

JPJP.L

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

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. JPJP.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 SPDR MSCI Japan UCITS ETF (JPJP.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	JPJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.86	0.00
Sortino ratio: Return per unit of downside risk	2.67	2.66	+0.01
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.17	3.17	0.00
Martin ratio: Return relative to average drawdown	10.33	10.20	+0.13
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. JPJP.L - Sharpe Ratio Comparison

The current SGJP.L Sharpe Ratio is 1.86, which is comparable to the JPJP.L Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of SGJP.L and JPJP.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	JPJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	1.86	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.64	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.59	+0.04

Drawdowns

SGJP.L vs. JPJP.L - Drawdown Comparison

The maximum SGJP.L drawdown since its inception was -18.79%, smaller than the maximum JPJP.L drawdown of -24.23%. Use the drawdown chart below to compare losses from any high point for SGJP.L and JPJP.L.

Drawdown Indicators

	SGJP.L	JPJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.79%	-24.23%	+5.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.77%	-10.70%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	-14.67%	-14.21%	-0.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.57%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.23%	—
Current Drawdown Current decline from peak	-0.43%	-0.43%	0.00%
Average Drawdown Average peak-to-trough decline	-6.13%	-5.05%	-1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	3.34%	-0.03%

Volatility

SGJP.L vs. JPJP.L - Volatility Comparison

iShares MSCI Japan ESG Screened UCITS ETF USD (Acc) (SGJP.L) and SPDR MSCI Japan UCITS ETF (JPJP.L) have volatilities of 4.09% and 4.15%, 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.

Volatility by Period

	SGJP.L	JPJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.15%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	14.78%	14.73%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	18.42%	18.27%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	15.82%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.94%	15.94%	0.00%

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

SGJP.L has a 0.15% expense ratio, which is higher than JPJP.L'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

SGJP.L vs. JPJP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.99, SGJP.L and JPJP.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.

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

On fees, JPJP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

JPJP.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SGJP.L.

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

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for SGJP.L and 0.12% for JPJP.L.