SJPA.L vs. WENS.L

Last updated Jun 5, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and WENS.L (iShares MSCI World Energy Sector UCITS ETF USD (Dist)) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while WENS.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 3 years, SJPA.L returned 15.64%/yr vs 13.87%/yr for WENS.L. At a 0.18 correlation, their price movements are largely independent. SJPA.L charges 0.15%/yr vs 0.25%/yr for WENS.L.

Performance

SJPA.L vs. WENS.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 World Energy Sector UCITS ETF USD (Dist) (WENS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SJPA.L is traded in GBp, while WENS.L is traded in GBP. To make them comparable, the WENS.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 lower than WENS.L's 31.38% 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%

WENS.L

• 1D: -0.43%
• 1M: -0.63%
• YTD: 31.38%
• 6M: 26.68%
• 1Y: 44.00%
• 3Y*: 13.87%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022
SJPA.L iShares Core MSCI Japan IMI UCITS ETF	16.31%	18.19%	8.36%	12.76%	5.60%
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	31.38%	3.24%	2.09%	-2.00%	17.73%

Correlation

The correlation between SJPA.L and WENS.L is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022	0.18

The correlation between SJPA.L and WENS.L shifts across timeframes, from -0.06 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SJPA.L vs. WENS.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: 60
SJPA.L Sharpe Ratio Rank: 58
SJPA.L Sortino Ratio Rank: 59
SJPA.L Omega Ratio Rank: 62
SJPA.L Calmar Ratio Rank: 64
SJPA.L Martin Ratio Rank: 59

WENS.L

WENS.L Risk / Return Rank: 59
WENS.L Sharpe Ratio Rank: 63
WENS.L Sortino Ratio Rank: 53
WENS.L Omega Ratio Rank: 62
WENS.L Calmar Ratio Rank: 61
WENS.L Martin Ratio Rank: 56

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. WENS.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 World Energy Sector UCITS ETF USD (Dist) (WENS.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	WENS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.06	-0.14
Sortino ratio: Return per unit of downside risk	2.74	2.54	+0.20
Omega ratio: Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	3.15	2.99	+0.16
Martin ratio: Return relative to average drawdown	10.28	9.66	+0.62
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. WENS.L - Sharpe Ratio Comparison

The current SJPA.L Sharpe Ratio is 1.92, which is comparable to the WENS.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SJPA.L and WENS.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.

Sharpe Ratios by Period

	SJPA.L	WENS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.06	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
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	0.59	-0.02

Drawdowns

SJPA.L vs. WENS.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -24.73%, which is greater than WENS.L's maximum drawdown of -22.49%. Use the drawdown chart below to compare losses from any high point for SJPA.L and WENS.L.

Drawdown Indicators

	SJPA.L	WENS.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.73%	-22.49%	-2.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-14.63%	+3.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.45%	-22.49%	+9.04%
Max Drawdown (5Y) Largest decline over 5 years	-18.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.73%	—	—
Current Drawdown Current decline from peak	-0.10%	-7.62%	+7.52%
Average Drawdown Average peak-to-trough decline	-6.68%	-9.15%	+2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	4.54%	-1.25%

Volatility

SJPA.L vs. WENS.L - Volatility Comparison

The current volatility for iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) is 3.82%, while iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) has a volatility of 7.96%. This indicates that SJPA.L experiences smaller price fluctuations and is considered to be less risky than WENS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SJPA.L	WENS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	7.96%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	18.19%	-3.79%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	21.33%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	21.49%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	21.49%	-5.80%

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

SJPA.L has a 0.15% expense ratio, which is lower than WENS.L's 0.25% 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. WENS.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022
SJPA.L iShares Core MSCI Japan IMI UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
WENS.L iShares MSCI World Energy Sector UCITS ETF USD (Dist)	0.00%	0.00%	1.75%	3.61%	1.77%

Frequently Asked Questions

Can I hold both SJPA.L and WENS.L in my portfolio?

SJPA.L and WENS.L have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SJPA.L or WENS.L?

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.

Which ETF is cheaper, SJPA.L or WENS.L?

SJPA.L is cheaper with a 0.15% expense ratio, compared with 0.25% for WENS.L.

What is the main difference between SJPA.L and WENS.L?

SJPA.L is categorized as Japan Equities, while WENS.L is Energy Equities. SJPA.L tracks TOPIX TR JPY, while WENS.L tracks MSCI World/Energy NR USD. Their fees differ too: 0.15% for SJPA.L and 0.25% for WENS.L.