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

SJPA.L vs. TDGB.L

Last updated Jun 13, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and TDGB.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while TDGB.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, SJPA.L returned 10.26%/yr vs 10.61%/yr for TDGB.L. A 0.54 correlation means they provide meaningful diversification when combined. SJPA.L charges 0.15%/yr vs 0.38%/yr for TDGB.L.

Performance

SJPA.L vs. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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 TDGB.L is traded in GBP. To make them comparable, the TDGB.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 15.47% return, which is significantly higher than TDGB.L's 10.34% return. Both investments have delivered pretty close results over the past 10 years, with SJPA.L having a 10.26% annualized return and TDGB.L not far ahead at 10.61%.

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%

TDGB.L

1D
0.29%
1M
2.00%
YTD
10.34%
6M
11.70%
1Y
29.39%
3Y*
20.39%
5Y*
17.98%
10Y*
10.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SJPA.L vs. TDGB.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%
TDGB.L
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		10.34%30.90%10.66%9.04%22.49%19.59%-5.61%3.88%-7.98%2.87%

Correlation

The correlation between SJPA.L and TDGB.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.42

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

0.45

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

0.46

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

0.54

Correlation (All Time)
Calculated using the full available price history since May 23, 2016

0.54

The correlation between SJPA.L and TDGB.L shifts across timeframes, from 0.42 (1 year) to 0.54 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
SJPA.L
TDGB.L

Industrials

25.6%
3.9%

Technology

19.1%
0.3%

Financial Services

15.9%
31.7%

Consumer Cyclical

12.5%
3.8%

Communication Services

7.6%
8.7%

Healthcare

5.5%
14.4%

Basic Materials

4.6%
1.2%

Consumer Defensive

4.1%
10.1%

Real Estate

3.1%
0.0%

Utilities

1.2%
6.2%

Energy

0.9%
19.7%

Industrials

SJPA.L
25.6%
TDGB.L
3.9%

Technology

SJPA.L
19.1%
TDGB.L
0.3%

Financial Services

SJPA.L
15.9%
TDGB.L
31.7%

Consumer Cyclical

SJPA.L
12.5%
TDGB.L
3.8%

Communication Services

SJPA.L
7.6%
TDGB.L
8.7%

Healthcare

SJPA.L
5.5%
TDGB.L
14.4%

Basic Materials

SJPA.L
4.6%
TDGB.L
1.2%

Consumer Defensive

SJPA.L
4.1%
TDGB.L
10.1%

Real Estate

SJPA.L
3.1%
TDGB.L
0.0%

Utilities

SJPA.L
1.2%
TDGB.L
6.2%

Energy

SJPA.L
0.9%
TDGB.L
19.7%

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

VanEck Morningstar Developed Markets Dividend Leaders 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 TDGB.L:
TDGB.L vs. VHYL.ASTDGB.L vs. SCHDTDGB.L vs. SPYDTDGB.L vs. LDEG.LTDGB.L vs. VHYD.LTDGB.L vs. JEGP.LTDGB.L vs. CSKR.L

Return for Risk

SJPA.L vs. TDGB.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
TDGB.L
TDGB.L Risk / Return Rank: 9494
Overall Rank
TDGB.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
TDGB.L Sortino Ratio Rank: 9494
Sortino Ratio Rank
TDGB.L Omega Ratio Rank: 9393
Omega Ratio Rank
TDGB.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
TDGB.L Martin Ratio Rank: 9393
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. TDGB.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.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.LTDGB.LDifference
Sharpe ratioReturn per unit of total volatility
1.82
3.14

-1.32

Sortino ratioReturn per unit of downside risk
2.62
4.38

-1.76

Omega ratioGain probability vs. loss probability

1.35

1.59

-0.24

Calmar ratioReturn relative to maximum drawdown

3.04

6.28

-3.24

Martin ratioReturn relative to average drawdown

9.86

20.78

-10.93

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

The current SJPA.L Sharpe Ratio is 1.82, which is lower than the TDGB.L Sharpe Ratio of 3.14. The chart below compares the historical Sharpe Ratios of SJPA.L and TDGB.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. TDGB.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -45.53%, which is greater than TDGB.L's maximum drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for SJPA.L and TDGB.L.

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Drawdown Indicators

SJPA.LTDGB.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.53%

-32.94%

-12.59%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-4.66%

-6.05%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-12.42%

-7.26%

Max Drawdown (5Y)

Largest decline over 5 years

-19.68%

-12.42%

-7.26%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

-32.94%

+8.21%

Current Drawdown

Current decline from peak

-0.82%

-0.18%

-0.64%

Average Drawdown

Average peak-to-trough decline

-15.72%

-4.93%

-10.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

1.41%

+1.90%

Volatility

SJPA.L vs. TDGB.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a higher volatility of 4.41% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) at 2.06%. This indicates that SJPA.L's price experiences larger fluctuations and is considered to be riskier than TDGB.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.LTDGB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

2.06%

+2.35%

Volatility (6M)

Calculated over the trailing 6-month period

14.72%

7.06%

+7.66%

Volatility (1Y)

Calculated over the trailing 1-year period

17.89%

9.31%

+8.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.67%

11.44%

+9.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.47%

13.76%

+4.71%

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

SJPA.L has a 0.15% expense ratio, which is lower than TDGB.L's 0.38% expense ratio.

Dividends

SJPA.L vs. TDGB.L - Dividend Comparison

SJPA.L has not paid dividends to shareholders, while TDGB.L's dividend yield for the trailing twelve months is around 3.16%.

PositionTTM202520242023202220212020201920182017
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%
TDGB.L
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF		3.16%3.50%4.26%4.93%4.40%4.06%4.16%4.52%4.38%3.48%

Frequently Asked Questions

SJPA.L and TDGB.L have a correlation of 0.42, 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 0.38% for TDGB.L.

SJPA.L is categorized as Japan Equities, while TDGB.L is Global Equities. SJPA.L tracks TOPIX TR JPY, while TDGB.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.15% for SJPA.L and 0.38% for TDGB.L.

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