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

SJPA.L vs. ISAC.L

Last updated Jun 5, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, SJPA.L returned 10.10%/yr vs 13.48%/yr for ISAC.L. A 0.64 correlation means they provide meaningful diversification when combined. SJPA.L charges 0.15%/yr vs 0.20%/yr for ISAC.L.

Performance

SJPA.L vs. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SJPA.L is traded in GBp, while ISAC.L is traded in USD. To make them comparable, the ISAC.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SJPA.L achieves a 16.31% return, which is significantly higher than ISAC.L's 12.06% return. Over the past 10 years, SJPA.L has underperformed ISAC.L with an annualized return of 10.10%, while ISAC.L has yielded a comparatively higher 13.48% 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%

ISAC.L

1D
0.00%
1M
5.28%
YTD
12.06%
6M
12.30%
1Y
30.14%
3Y*
18.17%
5Y*
12.60%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SJPA.L vs. ISAC.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%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.99%13.64%19.87%16.44%-8.43%19.97%12.26%20.98%-4.37%13.63%

Correlation

The correlation between SJPA.L and ISAC.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.54

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

0.56

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

0.66

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2011

0.64

The correlation between SJPA.L and ISAC.L shifts across timeframes, from 0.54 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
SJPA.L
ISAC.L

Industrials

25.7%
9.0%

Technology

18.6%
33.9%

Financial Services

16.4%
17.3%

Consumer Cyclical

12.4%
8.5%

Communication Services

7.5%
8.6%

Healthcare

5.6%
7.8%

Basic Materials

4.5%
2.9%

Consumer Defensive

4.2%
4.4%

Real Estate

3.1%
1.2%

Utilities

1.2%
2.2%

Energy

0.9%
3.6%

Industrials

SJPA.L
25.7%
ISAC.L
9.0%

Technology

SJPA.L
18.6%
ISAC.L
33.9%

Financial Services

SJPA.L
16.4%
ISAC.L
17.3%

Consumer Cyclical

SJPA.L
12.4%
ISAC.L
8.5%

Communication Services

SJPA.L
7.5%
ISAC.L
8.6%

Healthcare

SJPA.L
5.6%
ISAC.L
7.8%

Basic Materials

SJPA.L
4.5%
ISAC.L
2.9%

Consumer Defensive

SJPA.L
4.2%
ISAC.L
4.4%

Real Estate

SJPA.L
3.1%
ISAC.L
1.2%

Utilities

SJPA.L
1.2%
ISAC.L
2.2%

Energy

SJPA.L
0.9%
ISAC.L
3.6%

Compare stocks, funds, or ETFs

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iShares Core MSCI Japan IMI UCITS ETF

iShares MSCI ACWI UCITS ETF USD (Acc)

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 ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

SJPA.L vs. ISAC.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
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
1.92
2.52

-0.60

Sortino ratioReturn per unit of downside risk
2.74
3.48

-0.74

Omega ratioGain probability vs. loss probability

1.37

1.48

-0.10

Calmar ratioReturn relative to maximum drawdown

3.15

4.36

-1.21

Martin ratioReturn relative to average drawdown

10.28

16.74

-6.47

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. ISAC.L - Sharpe Ratio Comparison

The current SJPA.L Sharpe Ratio is 1.92, which is comparable to the ISAC.L Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of SJPA.L and ISAC.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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Sharpe Ratios by Period

SJPA.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

2.52

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.88

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

0.87

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.86

-0.28

Drawdowns

SJPA.L vs. ISAC.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -24.73%, roughly equal to the maximum ISAC.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for SJPA.L and ISAC.L.

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Drawdown Indicators

SJPA.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.73%

-25.84%

+1.11%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-6.88%

-3.83%

Max Drawdown (3Y)

Largest decline over 3 years

-13.45%

-18.33%

+4.88%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-18.33%

-0.60%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

-25.84%

+1.11%

Current Drawdown

Current decline from peak

-0.10%

-0.36%

+0.26%

Average Drawdown

Average peak-to-trough decline

-6.68%

-3.56%

-3.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

1.80%

+1.49%

Volatility

SJPA.L vs. ISAC.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) have volatilities of 3.82% and 3.74%, 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.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

3.74%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

14.40%

9.25%

+5.15%

Volatility (1Y)

Calculated over the trailing 1-year period

17.60%

11.90%

+5.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.35%

14.29%

+1.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.69%

15.49%

+0.20%

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

SJPA.L has a 0.15% expense ratio, which is lower than ISAC.L's 0.20% expense ratio. Despite the difference, 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. ISAC.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

SJPA.L and ISAC.L have a correlation of 0.57, 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 0.20% for ISAC.L.

SJPA.L is categorized as Japan Equities, while ISAC.L is Global Equities. SJPA.L tracks TOPIX TR JPY, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.15% for SJPA.L and 0.20% for ISAC.L.

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