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

SJPA.L vs. XGSD.L

Last updated Jun 13, 2026

SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and XGSD.L (Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while XGSD.L is a Global Equity Income fund tracking the STOXX Global Select Dividend 100. Both are passively managed. Over the past 10 years, SJPA.L returned 10.26%/yr vs 10.39%/yr for XGSD.L. A 0.61 correlation means they provide meaningful diversification when combined. SJPA.L charges 0.15%/yr vs 0.50%/yr for XGSD.L.

Performance

SJPA.L vs. XGSD.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 Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SJPA.L achieves a 15.47% return, which is significantly higher than XGSD.L's 13.95% return. Both investments have delivered pretty close results over the past 10 years, with SJPA.L having a 10.26% annualized return and XGSD.L not far ahead at 10.39%.

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%

XGSD.L

1D
1.33%
1M
2.47%
YTD
13.95%
6M
14.83%
1Y
32.98%
3Y*
19.53%
5Y*
11.28%
10Y*
10.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SJPA.L vs. XGSD.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%
XGSD.L
Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D		13.95%25.51%9.10%2.82%4.27%14.85%-3.40%16.23%-5.61%7.01%

Correlation

The correlation between SJPA.L and XGSD.L is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.57

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

0.51

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

0.52

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

0.63

Correlation (All Time)
Calculated using the full available price history since Sep 25, 2009

0.61

The correlation between SJPA.L and XGSD.L shifts across timeframes, from 0.51 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
SJPA.L
XGSD.L

Industrials

25.6%
9.0%

Technology

19.1%
1.7%

Financial Services

15.9%
40.7%

Consumer Cyclical

12.5%
8.6%

Communication Services

7.6%
3.2%

Healthcare

5.5%
1.9%

Basic Materials

4.6%
5.8%

Consumer Defensive

4.1%
6.1%

Real Estate

3.1%
7.2%

Utilities

1.2%
6.8%

Energy

0.9%
9.2%

Industrials

SJPA.L
25.6%
XGSD.L
9.0%

Technology

SJPA.L
19.1%
XGSD.L
1.7%

Financial Services

SJPA.L
15.9%
XGSD.L
40.7%

Consumer Cyclical

SJPA.L
12.5%
XGSD.L
8.6%

Communication Services

SJPA.L
7.6%
XGSD.L
3.2%

Healthcare

SJPA.L
5.5%
XGSD.L
1.9%

Basic Materials

SJPA.L
4.6%
XGSD.L
5.8%

Consumer Defensive

SJPA.L
4.1%
XGSD.L
6.1%

Real Estate

SJPA.L
3.1%
XGSD.L
7.2%

Utilities

SJPA.L
1.2%
XGSD.L
6.8%

Energy

SJPA.L
0.9%
XGSD.L
9.2%

Compare stocks, funds, or ETFs

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iShares Core MSCI Japan IMI UCITS ETF

Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D

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 XGSD.L:
XGSD.L vs. GBDV.LXGSD.L vs. VTXGSD.L vs. VGWL.DEXGSD.L vs. XCX5.LXGSD.L vs. EXUS.LXGSD.L vs. XMME.LXGSD.L vs. TDIV.AS

Return for Risk

SJPA.L vs. XGSD.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
XGSD.L
XGSD.L Risk / Return Rank: 9696
Overall Rank
XGSD.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
XGSD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
XGSD.L Omega Ratio Rank: 9696
Omega Ratio Rank
XGSD.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
XGSD.L Martin Ratio Rank: 9595
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. XGSD.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 Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.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.LXGSD.LDifference
Sharpe ratioReturn per unit of total volatility
1.82
3.81

-1.99

Sortino ratioReturn per unit of downside risk
2.62
5.31

-2.69

Omega ratioGain probability vs. loss probability

1.35

1.71

-0.36

Calmar ratioReturn relative to maximum drawdown

3.04

6.89

-3.85

Martin ratioReturn relative to average drawdown

9.86

25.72

-15.87

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

The current SJPA.L Sharpe Ratio is 1.82, which is lower than the XGSD.L Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of SJPA.L and XGSD.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. XGSD.L - Drawdown Comparison

The maximum SJPA.L drawdown since its inception was -45.53%, smaller than the maximum XGSD.L drawdown of -63.91%. Use the drawdown chart below to compare losses from any high point for SJPA.L and XGSD.L.

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Drawdown Indicators

SJPA.LXGSD.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.53%

-63.91%

+18.38%

Max Drawdown (1Y)

Largest decline over 1 year

-10.71%

-4.76%

-5.95%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-11.54%

-8.14%

Max Drawdown (5Y)

Largest decline over 5 years

-19.68%

-15.37%

-4.31%

Max Drawdown (10Y)

Largest decline over 10 years

-24.73%

-31.91%

+7.18%

Current Drawdown

Current decline from peak

-0.82%

0.00%

-0.82%

Average Drawdown

Average peak-to-trough decline

-15.72%

-12.21%

-3.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.31%

1.28%

+2.03%

Volatility

SJPA.L vs. XGSD.L - Volatility Comparison

iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a higher volatility of 4.41% compared to Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D (XGSD.L) at 2.48%. This indicates that SJPA.L's price experiences larger fluctuations and is considered to be riskier than XGSD.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.LXGSD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

2.48%

+1.93%

Volatility (6M)

Calculated over the trailing 6-month period

14.72%

6.53%

+8.19%

Volatility (1Y)

Calculated over the trailing 1-year period

17.89%

8.62%

+9.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.67%

11.41%

+9.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.47%

13.99%

+4.48%

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

SJPA.L has a 0.15% expense ratio, which is lower than XGSD.L's 0.50% expense ratio.

Dividends

SJPA.L vs. XGSD.L - Dividend Comparison

SJPA.L has not paid dividends to shareholders, while XGSD.L's dividend yield for the trailing twelve months is around 4.11%.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%0.00%
XGSD.L
Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF 1D		4.11%4.60%6.38%7.51%8.71%4.76%5.34%4.30%4.68%3.56%2.74%2.11%

Frequently Asked Questions

SJPA.L and XGSD.L have a correlation of 0.57, 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 0.50% for XGSD.L.

SJPA.L is categorized as Japan Equities, while XGSD.L is Global Equity Income. SJPA.L tracks TOPIX TR JPY, while XGSD.L tracks STOXX Global Select Dividend 100. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for SJPA.L and 0.50% for XGSD.L.

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