SJPA.L vs. SGLN.L
SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and SGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while SGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, SJPA.L returned 10.10%/yr vs 14.27%/yr for SGLN.L. At a 0.10 correlation, their price movements are largely independent. SJPA.L charges 0.15%/yr vs 0.12%/yr for SGLN.L.
Performance
SJPA.L vs. SGLN.L - Performance Comparison
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Returns By Period
In the year-to-date period, SJPA.L achieves a 16.31% return, which is significantly higher than SGLN.L's 3.89% return. Over the past 10 years, SJPA.L has underperformed SGLN.L with an annualized return of 10.10%, while SGLN.L has yielded a comparatively higher 14.27% 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%
SGLN.L
- 1D
- 0.70%
- 1M
- -1.36%
- YTD
- 3.89%
- 6M
- 5.42%
- 1Y
- 33.75%
- 3Y*
- 28.17%
- 5Y*
- 20.12%
- 10Y*
- 14.27%
SJPA.L vs. SGLN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGLN.L iShares Physical Gold ETC | 3.89% | 53.66% | 28.20% | 7.24% | 11.84% | -2.57% | 19.62% | 14.63% | 4.36% | 1.68% |
Correlation
The correlation between SJPA.L and SGLN.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.10 |
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Return for Risk
SJPA.L vs. SGLN.L — Risk / Return Rank
SJPA.L
SGLN.L
SJPA.L vs. SGLN.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 Physical Gold ETC (SGLN.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 | SGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.91 | +1.24 |
| Martin ratioReturn relative to average drawdown | 10.28 | 5.05 | +5.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SJPA.L | SGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 1.45 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 1.23 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.90 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.55 | +0.02 |
Drawdowns
SJPA.L vs. SGLN.L - Drawdown Comparison
The maximum SJPA.L drawdown since its inception was -24.73%, smaller than the maximum SGLN.L drawdown of -41.71%. Use the drawdown chart below to compare losses from any high point for SJPA.L and SGLN.L.
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Drawdown Indicators
| SJPA.L | SGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.73% | -41.71% | +16.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -17.57% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | -17.57% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -17.57% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -24.73% | -21.91% | -2.82% |
Current DrawdownCurrent decline from peak | -0.10% | -16.01% | +15.91% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -14.76% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 6.67% | -3.38% |
Volatility
SJPA.L vs. SGLN.L - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) is 3.82%, while iShares Physical Gold ETC (SGLN.L) has a volatility of 5.08%. This indicates that SJPA.L experiences smaller price fluctuations and is considered to be less risky than SGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SJPA.L | SGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 5.08% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 20.08% | -5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 23.19% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 16.30% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 15.78% | -0.09% |
SJPA.L vs. SGLN.L - Expense Ratio Comparison
SJPA.L has a 0.15% expense ratio, which is higher than SGLN.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
SJPA.L vs. SGLN.L - Dividend Comparison
Neither SJPA.L nor SGLN.L has paid dividends to shareholders.
Frequently Asked Questions
SJPA.L and SGLN.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGLN.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGLN.L is cheaper with a 0.12% expense ratio, compared with 0.15% for SJPA.L.
SJPA.L is categorized as Japan Equities, while SGLN.L is Gold. SJPA.L tracks TOPIX TR JPY, while SGLN.L tracks LBMA Gold Price. Their fees differ too: 0.15% for SJPA.L and 0.12% for SGLN.L.
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