SJPA.L vs. XIEE.DE
SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) and XIEE.DE (Xtrackers MSCI Europe UCITS ETF) are both exchange-traded funds - SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY, while XIEE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, SJPA.L returned 10.26%/yr vs 10.94%/yr for XIEE.DE. A 0.54 correlation means they provide meaningful diversification when combined. SJPA.L charges 0.15%/yr vs 0.12%/yr for XIEE.DE.
Performance
SJPA.L vs. XIEE.DE - Performance Comparison
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Different Trading Currencies
SJPA.L is traded in GBp, while XIEE.DE is traded in EUR. To make them comparable, the XIEE.DE 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 XIEE.DE's 8.13% return. Over the past 10 years, SJPA.L has underperformed XIEE.DE with an annualized return of 10.26%, while XIEE.DE has yielded a comparatively higher 10.94% annualized return.
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%
XIEE.DE
- 1D
- 1.82%
- 1M
- 4.58%
- YTD
- 8.13%
- 6M
- 9.15%
- 1Y
- 19.90%
- 3Y*
- 14.32%
- 5Y*
- 10.17%
- 10Y*
- 10.94%
SJPA.L vs. XIEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 8.13% | 26.59% | 3.37% | 13.41% | -4.17% | 16.14% | 2.33% | 21.17% | -9.73% | 14.91% |
Correlation
The correlation between SJPA.L and XIEE.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2015 | 0.54 |
The correlation between SJPA.L and XIEE.DE has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
SJPA.L vs. XIEE.DE — Risk / Return Rank
SJPA.L
XIEE.DE
SJPA.L vs. XIEE.DE - 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 MSCI Europe UCITS ETF (XIEE.DE). 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.L | XIEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.82 | +1.22 |
| Martin ratioReturn relative to average drawdown | 9.86 | 7.04 | +2.81 |
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Drawdowns
SJPA.L vs. XIEE.DE - Drawdown Comparison
The maximum SJPA.L drawdown since its inception was -45.53%, which is greater than XIEE.DE's maximum drawdown of -28.00%. Use the drawdown chart below to compare losses from any high point for SJPA.L and XIEE.DE.
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Drawdown Indicators
| SJPA.L | XIEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.53% | -28.00% | -17.53% |
Max Drawdown (1Y)Largest decline over 1 year | -10.71% | -10.87% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -13.81% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -15.92% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -24.73% | -28.00% | +3.27% |
Current DrawdownCurrent decline from peak | -0.82% | 0.00% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -5.73% | -9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 2.82% | +0.49% |
Volatility
SJPA.L vs. XIEE.DE - Volatility Comparison
iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a higher volatility of 4.41% compared to Xtrackers MSCI Europe UCITS ETF (XIEE.DE) at 3.82%. This indicates that SJPA.L's price experiences larger fluctuations and is considered to be riskier than XIEE.DE 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 | XIEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.82% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.72% | 11.68% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 13.47% | +4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 14.20% | +6.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 17.38% | +1.09% |
SJPA.L vs. XIEE.DE - Expense Ratio Comparison
SJPA.L has a 0.15% expense ratio, which is higher than XIEE.DE's 0.12% expense ratio. However, 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. XIEE.DE - Dividend Comparison
SJPA.L has not paid dividends to shareholders, while XIEE.DE's dividend yield for the trailing twelve months is around 2.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XIEE.DE Xtrackers MSCI Europe UCITS ETF | 2.39% | 2.49% | 3.26% | 2.85% | 5.70% | 1.50% | 3.74% | 0.30% | 3.19% | 0.92% | 0.09% |
Frequently Asked Questions
SJPA.L and XIEE.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XIEE.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for SJPA.L.
SJPA.L is categorized as Japan Equities, while XIEE.DE is Europe Equities. SJPA.L tracks TOPIX TR JPY, while XIEE.DE tracks MSCI Europe. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for SJPA.L and 0.12% for XIEE.DE.
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