PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SJPA.L vs. CSP1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SJPA.L vs. CSP1.L

Last updated Jun 5, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SJPA.L returned 10.10%/yr vs 16.07%/yr for CSP1.L. A 0.58 correlation means they provide meaningful diversification when combined. SJPA.L charges 0.15%/yr vs 0.07%/yr for CSP1.L.

Performance

SJPA.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SJPA.L achieves a 16.31% return, which is significantly higher than CSP1.L's 10.55% return. Over the past 10 years, SJPA.L has underperformed CSP1.L with an annualized return of 10.10%, while CSP1.L has yielded a comparatively higher 16.07% annualized return.

SJPA.L

1D
-0.10%
1M
6.32%
YTD
16.31%
6M
15.92%
1Y
33.90%
3Y*
15.64%
5Y*
10.02%
10Y*
10.10%

CSP1.L

1D
0.05%
1M
5.54%
YTD
10.55%
6M
10.48%
1Y
29.13%
3Y*
19.02%
5Y*
14.94%
10Y*
16.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SJPA.L vs. CSP1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		16.31%18.19%8.36%12.76%-6.21%1.62%11.03%14.68%-9.15%14.69%
CSP1.L
iShares Core S&P 500 UCITS ETF		10.55%9.37%27.35%19.79%-9.05%31.07%13.65%26.42%0.01%10.83%

Correlation

The correlation between SJPA.L and CSP1.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.58

The correlation between SJPA.L and CSP1.L shifts across timeframes, from 0.46 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.

SJPA.L vs. CSP1.L - Sectors Allocation Comparison

Sectors
SJPA.L
CSP1.L

Industrials

25.7%
7.9%

Technology

18.6%
38.0%

Financial Services

16.4%
11.3%

Consumer Cyclical

12.4%
9.9%

Communication Services

7.5%
10.7%

Healthcare

5.6%
8.4%

Basic Materials

4.5%
1.7%

Consumer Defensive

4.2%
4.7%

Real Estate

3.1%
1.9%

Utilities

1.2%
2.2%

Energy

0.9%
3.4%

Industrials

SJPA.L
25.7%
CSP1.L
7.9%

Technology

SJPA.L
18.6%
CSP1.L
38.0%

Financial Services

SJPA.L
16.4%
CSP1.L
11.3%

Consumer Cyclical

SJPA.L
12.4%
CSP1.L
9.9%

Communication Services

SJPA.L
7.5%
CSP1.L
10.7%

Healthcare

SJPA.L
5.6%
CSP1.L
8.4%

Basic Materials

SJPA.L
4.5%
CSP1.L
1.7%

Consumer Defensive

SJPA.L
4.2%
CSP1.L
4.7%

Real Estate

SJPA.L
3.1%
CSP1.L
1.9%

Utilities

SJPA.L
1.2%
CSP1.L
2.2%

Energy

SJPA.L
0.9%
CSP1.L
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI Japan IMI UCITS ETF

iShares Core S&P 500 UCITS ETF

Often compared with SJPA.L:
SJPA.L vs. LCJP.LSJPA.L vs. CSJP.LSJPA.L vs. XAUUSD=XSJPA.L vs. CNKY.LSJPA.L vs. PRIJ.LSJPA.L vs. N1ES.DESJPA.L vs. PADV.L
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO

Return for Risk

SJPA.L vs. CSP1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SJPA.L
SJPA.L Risk / Return Rank: 6060
Overall Rank
SJPA.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
SJPA.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
SJPA.L Omega Ratio Rank: 6262
Omega Ratio Rank
SJPA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
SJPA.L Martin Ratio Rank: 5959
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
Martin Ratio Rank
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.

SJPA.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.

SJPA.LCSP1.LDifference
Sharpe ratioReturn per unit of total volatility
1.92
2.73

-0.81

Sortino ratioReturn per unit of downside risk
2.74
3.66

-0.92

Omega ratioGain probability vs. loss probability

1.37

1.51

-0.14

Calmar ratioReturn relative to maximum drawdown

3.15

4.07

-0.92

Martin ratioReturn relative to average drawdown

10.28

14.99

-4.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SJPA.L vs. CSP1.L - Sharpe Ratio Comparison

The current SJPA.L Sharpe Ratio is 1.92, which is comparable to the CSP1.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of SJPA.L and CSP1.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.

Loading charts...

Sharpe Ratios by Period

SJPA.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

2.73

-0.81

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

1.04

-0.39

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

1.03

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

1.09

-0.52

Drawdowns

SJPA.L vs. CSP1.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -24.73%, roughly equal to the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for SJPA.L and CSP1.L.

Loading charts...

Drawdown Indicators

SJPA.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.73%

-25.48%

+0.75%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-7.12%

-3.59%

Max Drawdown (3Y)

Largest decline over 3 years

-13.45%

-20.77%

+7.32%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-20.77%

+1.84%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

-25.48%

+0.75%

Current Drawdown

Current decline from peak

-0.10%

-0.24%

+0.14%

Average Drawdown

Average peak-to-trough decline

-6.68%

-3.32%

-3.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

1.94%

+1.35%

Volatility

SJPA.L vs. CSP1.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a higher volatility of 3.82% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.62%. This indicates that SJPA.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

SJPA.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

2.62%

+1.20%

Volatility (6M)

Calculated over the trailing 6-month period

14.40%

7.16%

+7.24%

Volatility (1Y)

Calculated over the trailing 1-year period

17.60%

10.62%

+6.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.35%

14.31%

+1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.69%

15.57%

+0.12%

SJPA.L vs. CSP1.L - Expense Ratio Comparison

SJPA.L has a 0.15% expense ratio, which is higher than CSP1.L's 0.07% 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

SJPA.L vs. CSP1.L - Dividend Comparison

Neither SJPA.L nor CSP1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

SJPA.L and CSP1.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.15% for SJPA.L.

SJPA.L is categorized as Japan Equities, while CSP1.L is S&P 500. SJPA.L tracks TOPIX TR JPY, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.15% for SJPA.L and 0.07% for CSP1.L.

Portfolio Optimizer

Find the right allocation for SJPA.L and CSP1.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer