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

SJPA.L vs. VJPB.L

Last updated Jun 5, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and VJPB.L (Vanguard FTSE Japan UCITS ETF Accumulating) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, SJPA.L returned 10.02%/yr vs 10.09%/yr for VJPB.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.15% expense ratio.

Performance

SJPA.L vs. VJPB.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 Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.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 VJPB.L is traded in GBP. To make them comparable, the VJPB.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SJPA.L having a 16.31% return and VJPB.L slightly lower at 16.20%.

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%

VJPB.L

1D
-0.19%
1M
6.30%
YTD
16.20%
6M
15.61%
1Y
33.91%
3Y*
15.55%
5Y*
10.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		16.31%18.19%8.36%12.76%-6.21%1.62%11.03%-2.03%
VJPB.L
Vanguard FTSE Japan UCITS ETF Accumulating		16.20%17.98%8.49%13.45%-6.28%1.76%12.11%-2.09%

Correlation

The correlation between SJPA.L and VJPB.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.98

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.99

The correlation between SJPA.L and VJPB.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors
SJPA.L
VJPB.L

Industrials

25.7%
26.6%

Technology

18.6%
17.4%

Financial Services

16.4%
15.9%

Consumer Cyclical

12.4%
12.8%

Communication Services

7.5%
7.1%

Healthcare

5.6%
5.9%

Basic Materials

4.5%
4.3%

Consumer Defensive

4.2%
4.2%

Real Estate

3.1%
3.4%

Utilities

1.2%
1.3%

Energy

0.9%
1.0%

Industrials

SJPA.L
25.7%
VJPB.L
26.6%

Technology

SJPA.L
18.6%
VJPB.L
17.4%

Financial Services

SJPA.L
16.4%
VJPB.L
15.9%

Consumer Cyclical

SJPA.L
12.4%
VJPB.L
12.8%

Communication Services

SJPA.L
7.5%
VJPB.L
7.1%

Healthcare

SJPA.L
5.6%
VJPB.L
5.9%

Basic Materials

SJPA.L
4.5%
VJPB.L
4.3%

Consumer Defensive

SJPA.L
4.2%
VJPB.L
4.2%

Real Estate

SJPA.L
3.1%
VJPB.L
3.4%

Utilities

SJPA.L
1.2%
VJPB.L
1.3%

Energy

SJPA.L
0.9%
VJPB.L
1.0%

Compare stocks, funds, or ETFs

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iShares Core MSCI Japan IMI UCITS ETF

Vanguard FTSE Japan UCITS ETF Accumulating

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 VJPB.L:
VJPB.L vs. VJPA.LVJPB.L vs. VFEG.LVJPB.L vs. LGJG.LVJPB.L vs. VUAG.LVJPB.L vs. LCJP.LVJPB.L vs. PRIJ.LVJPB.L vs. VUAA.L

Return for Risk

SJPA.L vs. VJPB.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
VJPB.L
VJPB.L Risk / Return Rank: 6060
Overall Rank
VJPB.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VJPB.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
VJPB.L Omega Ratio Rank: 6161
Omega Ratio Rank
VJPB.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
VJPB.L Martin Ratio Rank: 5858
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. VJPB.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 Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.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.LVJPB.LDifference
Sharpe ratioReturn per unit of total volatility
1.92
1.91

+0.01

Sortino ratioReturn per unit of downside risk
2.74
2.70

+0.04

Omega ratioGain probability vs. loss probability

1.37

1.36

+0.01

Calmar ratioReturn relative to maximum drawdown

3.15

3.16

-0.01

Martin ratioReturn relative to average drawdown

10.28

10.23

+0.04

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. VJPB.L - Sharpe Ratio Comparison

The current SJPA.L Sharpe Ratio is 1.92, which is comparable to the VJPB.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of SJPA.L and VJPB.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.LVJPB.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.92

1.91

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.65

0.65

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.53

+0.04

Drawdowns

SJPA.L vs. VJPB.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -24.73%, roughly equal to the maximum VJPB.L drawdown of -24.65%. Use the drawdown chart below to compare losses from any high point for SJPA.L and VJPB.L.

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Drawdown Indicators

SJPA.LVJPB.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.73%

-24.65%

-0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-10.67%

-0.04%

Max Drawdown (3Y)

Largest decline over 3 years

-13.45%

-13.60%

+0.15%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-18.32%

-0.61%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

—

—

Current Drawdown

Current decline from peak

-0.10%

-0.19%

+0.09%

Average Drawdown

Average peak-to-trough decline

-6.68%

-5.34%

-1.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

3.31%

-0.02%

Volatility

SJPA.L vs. VJPB.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.L) have volatilities of 3.82% and 3.88%, 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.LVJPB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.82%

3.88%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

14.40%

14.42%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

17.60%

17.70%

-0.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.35%

15.47%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.69%

16.69%

-1.00%

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

Both SJPA.L and VJPB.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SJPA.L vs. VJPB.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.98, SJPA.L and VJPB.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SJPA.L and VJPB.L have the same expense ratio: 0.15% per year.

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and Vanguard.

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