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SJPA.L vs. IPRP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SJPA.L vs. IPRP.L

Last updated Jun 13, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and IPRP.L (iShares European Property Yield UCITS ETF) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while IPRP.L is a REIT fund tracking the FTSE EPRA Nareit Developed Europe TR EUR. Both are passively managed. Over the past 10 years, SJPA.L returned 10.26%/yr vs 1.88%/yr for IPRP.L. At a 0.39 correlation, their price movements are largely independent. SJPA.L charges 0.15%/yr vs 0.40%/yr for IPRP.L.

Performance

SJPA.L vs. IPRP.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 European Property Yield UCITS ETF (IPRP.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SJPA.L achieves a 15.47% return, which is significantly higher than IPRP.L's 0.47% return. Over the past 10 years, SJPA.L has outperformed IPRP.L with an annualized return of 10.26%, while IPRP.L has yielded a comparatively lower 1.88% annualized return.

SJPA.L

1D
2.26%
1M
0.53%
YTD
15.47%
6M
14.66%
1Y
32.71%
3Y*
14.56%
5Y*
9.85%
10Y*
10.26%

IPRP.L

1D
1.60%
1M
0.26%
YTD
0.47%
6M
2.67%
1Y
1.29%
3Y*
11.51%
5Y*
-4.25%
10Y*
1.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		15.47%18.19%8.36%12.76%-6.21%1.62%11.03%14.68%-9.15%14.69%
IPRP.L
iShares European Property Yield UCITS ETF		0.47%13.63%-4.96%15.42%-33.74%1.88%-3.84%18.45%-5.36%19.14%

Correlation

The correlation between SJPA.L and IPRP.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.27

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

0.28

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

0.29

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

0.36

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2009

0.39

The correlation between SJPA.L and IPRP.L shifts across timeframes, from 0.27 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

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

Sectors
SJPA.L
IPRP.L

Industrials

25.6%

-

Technology

19.1%

-

Financial Services

15.9%

-

Consumer Cyclical

12.5%

-

Communication Services

7.6%

-

Healthcare

5.5%

-

Basic Materials

4.6%

-

Consumer Defensive

4.1%

-

Real Estate

3.1%
100.0%

Utilities

1.2%

-

Energy

0.9%

-

Industrials

SJPA.L
25.6%
IPRP.L

-

Technology

SJPA.L
19.1%
IPRP.L

-

Financial Services

SJPA.L
15.9%
IPRP.L

-

Consumer Cyclical

SJPA.L
12.5%
IPRP.L

-

Communication Services

SJPA.L
7.6%
IPRP.L

-

Healthcare

SJPA.L
5.5%
IPRP.L

-

Basic Materials

SJPA.L
4.6%
IPRP.L

-

Consumer Defensive

SJPA.L
4.1%
IPRP.L

-

Real Estate

SJPA.L
3.1%
IPRP.L
100.0%

Utilities

SJPA.L
1.2%
IPRP.L

-

Energy

SJPA.L
0.9%
IPRP.L

-

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 European Property Yield 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 IPRP.L:
IPRP.L vs. IUSP.LIPRP.L vs. IEUSIPRP.L vs. VNQIPRP.L vs. IDWP.LIPRP.L vs. AYEP.DEIPRP.L vs. XDER.LIPRP.L vs. IJS

Return for Risk

SJPA.L vs. IPRP.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: 6565
Overall Rank
SJPA.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SJPA.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
SJPA.L Omega Ratio Rank: 6767
Omega Ratio Rank
SJPA.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SJPA.L Martin Ratio Rank: 6363
Martin Ratio Rank
IPRP.L
IPRP.L Risk / Return Rank: 1010
Overall Rank
IPRP.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
IPRP.L Sortino Ratio Rank: 1010
Sortino Ratio Rank
IPRP.L Omega Ratio Rank: 1010
Omega Ratio Rank
IPRP.L Calmar Ratio Rank: 1010
Calmar Ratio Rank
IPRP.L Martin Ratio Rank: 1010
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. IPRP.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 European Property Yield UCITS ETF (IPRP.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SJPA.LIPRP.LDifference
Sharpe ratioReturn per unit of total volatility
1.82
0.08

+1.74

Sortino ratioReturn per unit of downside risk
2.62
0.23

+2.39

Omega ratioGain probability vs. loss probability

1.35

1.03

+0.32

Calmar ratioReturn relative to maximum drawdown

3.04

0.08

+2.96

Martin ratioReturn relative to average drawdown

9.86

0.21

+9.65

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

The current SJPA.L Sharpe Ratio is 1.82, which is higher than the IPRP.L Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of SJPA.L and IPRP.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.

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Drawdowns

SJPA.L vs. IPRP.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -45.53%, smaller than the maximum IPRP.L drawdown of -64.48%. Use the drawdown chart below to compare losses from any high point for SJPA.L and IPRP.L.

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Drawdown Indicators

SJPA.LIPRP.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.53%

-64.48%

+18.95%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-16.12%

+5.41%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-16.12%

-3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-19.68%

-48.77%

+29.09%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

-48.77%

+24.04%

Current Drawdown

Current decline from peak

-0.82%

-23.83%

+23.01%

Average Drawdown

Average peak-to-trough decline

-15.72%

-16.67%

+0.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

6.28%

-2.97%

Volatility

SJPA.L vs. IPRP.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and iShares European Property Yield UCITS ETF (IPRP.L) have volatilities of 4.41% and 4.23%, 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.

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Volatility by Period

SJPA.LIPRP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

4.23%

+0.18%

Volatility (6M)

Calculated over the trailing 6-month period

14.72%

13.05%

+1.67%

Volatility (1Y)

Calculated over the trailing 1-year period

17.89%

15.28%

+2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.67%

21.53%

-0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.47%

19.35%

-0.88%

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

SJPA.L has a 0.15% expense ratio, which is lower than IPRP.L's 0.40% expense ratio.

Dividends

SJPA.L vs. IPRP.L - Dividend Comparison

SJPA.L has not paid dividends to shareholders, while IPRP.L's dividend yield for the trailing twelve months is around 0.50%.

PositionTTM20252024202320222021202020192018201720162015
IPRP.L
iShares European Property Yield UCITS ETF		0.50%2.83%2.79%2.62%4.20%2.11%2.68%3.07%3.24%2.81%2.49%2.59%
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%0.00%

Frequently Asked Questions

SJPA.L and IPRP.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SJPA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SJPA.L is cheaper with a 0.15% expense ratio, compared with 0.40% for IPRP.L.

SJPA.L is categorized as Japan Equities, while IPRP.L is REIT. SJPA.L tracks TOPIX TR JPY, while IPRP.L tracks FTSE EPRA Nareit Developed Europe TR EUR. Their fees differ too: 0.15% for SJPA.L and 0.40% for IPRP.L.

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