SODJ.DE vs. ETLR.DE
SODJ.DE (iShares MSCI Japan Screened UCITS ETF USD (Dist)) and ETLR.DE (L&G Japan Equity UCITS ETF) are both Japan Equities funds - SODJ.DE tracks the MSCI Japan Screened Index while ETLR.DE tracks the Solactive Core Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, SODJ.DE returned 9.95%/yr vs 10.35%/yr for ETLR.DE. With a 0.97 correlation, they move nearly in lockstep. SODJ.DE charges 0.15%/yr vs 0.10%/yr for ETLR.DE.
Performance
SODJ.DE vs. ETLR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SODJ.DE achieves a 19.83% return, which is significantly higher than ETLR.DE's 18.27% return.
SODJ.DE
- 1D
- -0.93%
- 1M
- 0.91%
- 6M
- 13.29%
- YTD
- 19.83%
- 1Y
- 38.84%
- 3Y*
- 17.00%
- 5Y*
- 9.95%
- 10Y*
- —
ETLR.DE
- 1D
- -1.15%
- 1M
- 1.64%
- 6M
- 12.08%
- YTD
- 18.27%
- 1Y
- 36.88%
- 3Y*
- 17.34%
- 5Y*
- 10.35%
- 10Y*
- —
SODJ.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SODJ.DE iShares MSCI Japan Screened UCITS ETF USD (Dist) | 19.83% | 11.64% | 13.20% | 15.83% | -12.75% | 9.54% | 6.05% | 19.49% |
ETLR.DE L&G Japan Equity UCITS ETF | 18.27% | 12.41% | 14.84% | 16.04% | -12.03% | 10.00% | 5.42% | 16.90% |
Correlation
The correlation between SODJ.DE and ETLR.DE 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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2019 | 0.97 |
The correlation between SODJ.DE and ETLR.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
SODJ.DE vs. ETLR.DE — Risk / Return Rank
SODJ.DE
ETLR.DE
SODJ.DE vs. ETLR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Screened UCITS ETF USD (Dist) (SODJ.DE) and L&G Japan Equity UCITS ETF (ETLR.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.
| SODJ.DE | ETLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.52 | +0.13 |
| Martin ratioReturn relative to average drawdown | 11.99 | 11.56 | +0.43 |
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Drawdowns
SODJ.DE vs. ETLR.DE - Drawdown Comparison
The maximum SODJ.DE drawdown since its inception was -28.10%, roughly equal to the maximum ETLR.DE drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for SODJ.DE and ETLR.DE.
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Drawdown Indicators
| SODJ.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.10% | -27.65% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.58% | -10.42% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -17.20% | -16.41% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -18.74% | -0.52% |
Current DrawdownCurrent decline from peak | -3.76% | -2.60% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -7.23% | -5.40% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.18% | +0.05% |
Volatility
SODJ.DE vs. ETLR.DE - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Dist) (SODJ.DE) has a higher volatility of 6.73% compared to L&G Japan Equity UCITS ETF (ETLR.DE) at 6.16%. This indicates that SODJ.DE's price experiences larger fluctuations and is considered to be riskier than ETLR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SODJ.DE | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 6.16% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | 15.45% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.01% | 19.08% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.96% | 16.49% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 16.93% | +1.29% |
SODJ.DE vs. ETLR.DE - Expense Ratio Comparison
SODJ.DE has a 0.15% expense ratio, which is higher than ETLR.DE's 0.10% 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
SODJ.DE vs. ETLR.DE - Dividend Comparison
SODJ.DE's dividend yield for the trailing twelve months is around 1.47%, while ETLR.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ETLR.DE L&G Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SODJ.DE iShares MSCI Japan Screened UCITS ETF USD (Dist) | 1.47% | 1.69% | 1.86% | 1.80% | 2.21% | 1.61% | 1.60% | 1.80% |
Frequently Asked Questions
With a correlation of 0.98, SODJ.DE and ETLR.DE 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.
On fees, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SODJ.DE.
SODJ.DE tracks MSCI Japan Screened Index, while ETLR.DE tracks Solactive Core Japan Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.15% for SODJ.DE and 0.10% for ETLR.DE.
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