SJPA.L vs. DXJP.L

Last updated Apr 5, 2026

Compare and contrast key facts about iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L).

SJPA.L and DXJP.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SJPA.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Sep 25, 2009. DXJP.L is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Equity Index (GBP Hedged). It was launched on Mar 9, 2017. Both SJPA.L and DXJP.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SJPA.L vs. DXJP.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 WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SJPA.L achieves a 7.64% return, which is significantly lower than DXJP.L's 11.93% return. Over the past 10 years, SJPA.L has underperformed DXJP.L with an annualized return of 9.82%, while DXJP.L has yielded a comparatively higher 16.27% annualized return.

SJPA.L

• 1D: -1.55%
• 1M: -0.07%
• YTD: 7.64%
• 6M: 10.19%
• 1Y: 39.66%
• 3Y*: 14.26%
• 5Y*: 8.00%
• 10Y*: 9.82%

DXJP.L

• 1D: -1.51%
• 1M: 1.59%
• YTD: 11.93%
• 6M: 24.39%
• 1Y: 70.67%
• 3Y*: 34.80%
• 5Y*: 23.95%
• 10Y*: 16.27%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SJPA.L iShares Core MSCI Japan IMI UCITS ETF	7.64%	18.19%	8.36%	12.76%	-6.21%	1.62%	11.03%	14.68%	-9.15%	14.69%
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	11.93%	33.41%	28.49%	40.34%	4.78%	16.94%	3.19%	14.23%	-20.57%	20.78%

Correlation

The correlation between SJPA.L and DXJP.L is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

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

SJPA.L has a 0.15% expense ratio, which is lower than DXJP.L's 0.45% expense ratio.

DXJP.L

WisdomTree Japan Equity UCITS ETF GBP Hedged

SJPA.L

iShares Core MSCI Japan IMI UCITS ETF

Return for Risk

SJPA.L vs. DXJP.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: 82
SJPA.L Sharpe Ratio Rank: 79
SJPA.L Sortino Ratio Rank: 80
SJPA.L Omega Ratio Rank: 77
SJPA.L Calmar Ratio Rank: 86
SJPA.L Martin Ratio Rank: 86

DXJP.L

DXJP.L Risk / Return Rank: 94
DXJP.L Sharpe Ratio Rank: 93
DXJP.L Sortino Ratio Rank: 92
DXJP.L Omega Ratio Rank: 92
DXJP.L Calmar Ratio Rank: 97
DXJP.L Martin Ratio Rank: 97

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. DXJP.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 WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.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.L	DXJP.L	Difference
Sharpe ratio Return per unit of total volatility	1.56	2.23	-0.67
Sortino ratio Return per unit of downside risk	2.18	2.86	-0.68
Omega ratio Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio Return relative to maximum drawdown	3.31	6.01	-2.71
Martin ratio Return relative to average drawdown	12.22	23.05	-10.83
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. DXJP.L - Sharpe Ratio Comparison

The current SJPA.L Sharpe Ratio is 1.56, which is comparable to the DXJP.L Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of SJPA.L and DXJP.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

	SJPA.L	DXJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.23	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.26	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.83	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.66	-0.11

Drawdowns

SJPA.L vs. DXJP.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -24.73%, smaller than the maximum DXJP.L drawdown of -41.75%. Use the drawdown chart below to compare losses from any high point for SJPA.L and DXJP.L.

Drawdown Indicators

	SJPA.L	DXJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.73%	-41.75%	+17.02%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-10.06%	-0.65%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	-22.88%	+3.95%
Max Drawdown (10Y) Largest decline over 10 years	-24.73%	-41.75%	+17.02%
Current Drawdown Current decline from peak	-6.66%	-5.90%	-0.76%
Average Drawdown Average peak-to-trough decline	-6.72%	-8.53%	+1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.62%	+0.28%

Volatility

SJPA.L vs. DXJP.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) have volatilities of 8.26% and 8.54%, 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

	SJPA.L	DXJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.26%	8.54%	-0.28%
Volatility (6M) Calculated over the trailing 6-month period	14.11%	15.23%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	18.67%	22.38%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.25%	18.92%	-3.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	19.63%	-3.94%

Dividends

SJPA.L vs. DXJP.L - Dividend Comparison

SJPA.L has not paid dividends to shareholders, while DXJP.L's dividend yield for the trailing twelve months is around 1.51%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SJPA.L iShares Core MSCI Japan IMI UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	1.51%	1.58%	1.61%	1.92%	2.49%	1.62%	1.97%	2.26%	2.41%	1.34%	0.62%