SJPA.L vs. XAUUSD=X
Compare and contrast key facts about iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) and Gold Spot Price US Dollar (XAUUSD=X).
SJPA.L is a passively managed fund by iShares that tracks the performance of the TOPIX TR JPY. It was launched on Sep 25, 2009.
Performance
SJPA.L vs. XAUUSD=X - Performance Comparison
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SJPA.L vs. XAUUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SJPA.L iShares Core MSCI Japan IMI UCITS ETF | 7.64% | 18.19% | 8.36% | 12.76% | -6.21% | 1.62% | 11.03% | 14.68% | -9.15% | 14.69% |
XAUUSD=X Gold Spot Price US Dollar | 10.22% | 53.01% | 29.46% | 7.48% | 11.61% | -2.58% | 20.90% | 14.25% | 4.12% | 3.36% |
Different Trading Currencies
SJPA.L is traded in GBp, while XAUUSD=X is traded in USD. To make them comparable, the XAUUSD=X 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 7.64% return, which is significantly lower than XAUUSD=X's 10.22% return. Over the past 10 years, SJPA.L has underperformed XAUUSD=X with an annualized return of 9.82%, while XAUUSD=X has yielded a comparatively higher 15.30% annualized return.
SJPA.L
- 1D
- -1.55%
- 1M
- 0.56%
- YTD
- 7.64%
- 6M
- 12.08%
- 1Y
- 29.27%
- 3Y*
- 14.26%
- 5Y*
- 8.00%
- 10Y*
- 9.82%
XAUUSD=X
- 1D
- -1.11%
- 1M
- -7.19%
- YTD
- 10.22%
- 6M
- 23.21%
- 1Y
- 46.66%
- 3Y*
- 30.31%
- 5Y*
- 23.03%
- 10Y*
- 15.30%
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Return for Risk
SJPA.L vs. XAUUSD=X — Risk / Return Rank
SJPA.L
XAUUSD=X
SJPA.L vs. XAUUSD=X - 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 Gold Spot Price US Dollar (XAUUSD=X). 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 | XAUUSD=X | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 1.64 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.18 | 2.14 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.35 | +0.96 |
Martin ratioReturn relative to average drawdown | 12.22 | 8.72 | +3.50 |
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 | XAUUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.64 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.35 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.93 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.73 | -0.18 |
Correlation
The correlation between SJPA.L and XAUUSD=X is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Drawdowns
SJPA.L vs. XAUUSD=X - Drawdown Comparison
The maximum SJPA.L drawdown since its inception was -24.73%, smaller than the maximum XAUUSD=X drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for SJPA.L and XAUUSD=X.
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Drawdown Indicators
| SJPA.L | XAUUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.73% | -44.69% | +19.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -19.70% | +8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -20.81% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -24.73% | -21.35% | -3.38% |
Current DrawdownCurrent decline from peak | -6.66% | -13.69% | +7.03% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -16.32% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 5.67% | -2.77% |
Volatility
SJPA.L vs. XAUUSD=X - Volatility Comparison
The current volatility for iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) is 8.26%, while Gold Spot Price US Dollar (XAUUSD=X) has a volatility of 9.43%. This indicates that SJPA.L experiences smaller price fluctuations and is considered to be less risky than XAUUSD=X 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 | XAUUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 9.43% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 20.09% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.67% | 22.05% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 15.32% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 15.44% | +0.25% |