SP5L.L vs. IJPH.L

Last updated Jun 21, 2026

SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) and IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) are both exchange-traded funds - SP5L.L is a S&P 500 fund tracking the S&P 500 Index, while IJPH.L is a Japan Equities fund tracking the MSCI Japan 100% Hedged to GBP Index. Both are passively managed. Over the past 10 years, SP5L.L returned 13.60%/yr vs 15.52%/yr for IJPH.L. A 0.54 correlation means they provide meaningful diversification when combined. SP5L.L charges 0.07%/yr vs 0.64%/yr for IJPH.L.

Performance

SP5L.L vs. IJPH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SP5L.L achieves a 11.25% return, which is significantly lower than IJPH.L's 24.57% return. Over the past 10 years, SP5L.L has underperformed IJPH.L with an annualized return of 13.60%, while IJPH.L has yielded a comparatively higher 15.52% annualized return.

SP5L.L

• 1D: 0.26%
• 1M: 2.66%
• YTD: 11.25%
• 6M: 11.59%
• 1Y: 29.23%
• 3Y*: 19.64%
• 5Y*: 14.91%
• 10Y*: 13.60%

IJPH.L

• 1D: -0.30%
• 1M: 8.26%
• YTD: 24.57%
• 6M: 24.64%
• 1Y: 58.27%
• 3Y*: 29.00%
• 5Y*: 21.85%
• 10Y*: 15.52%

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

SP5L.L vs. IJPH.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	11.25%	9.50%	27.60%	19.99%	-8.84%	31.19%	13.92%	26.93%	1.00%	-5.12%
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF	24.57%	29.37%	23.82%	34.19%	-4.30%	11.94%	9.27%	15.94%	-15.89%	19.45%

Correlation

The correlation between SP5L.L and IJPH.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.54

The correlation between SP5L.L and IJPH.L has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.

SP5L.L vs. IJPH.L - Sectors Allocation Comparison

Sectors	SP5L.L	IJPH.L
Technology	39.0%	21.7%
Financial Services	11.1%	17.0%
Communication Services	10.6%	8.9%
Consumer Cyclical	9.9%	11.9%
Healthcare	8.3%	5.6%
Industrials	7.8%	24.5%
Consumer Defensive	4.5%	3.3%
Energy	3.1%	0.9%
Utilities	2.1%	1.0%
Real Estate	1.8%	1.9%
Basic Materials	1.7%	3.4%

Return for Risk

SP5L.L vs. IJPH.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SP5L.L

SP5L.L Risk / Return Rank: 84
SP5L.L Sharpe Ratio Rank: 88
SP5L.L Sortino Ratio Rank: 86
SP5L.L Omega Ratio Rank: 87
SP5L.L Calmar Ratio Rank: 82
SP5L.L Martin Ratio Rank: 79

IJPH.L

IJPH.L Risk / Return Rank: 90
IJPH.L Sharpe Ratio Rank: 89
IJPH.L Sortino Ratio Rank: 90
IJPH.L Omega Ratio Rank: 87
IJPH.L Calmar Ratio Rank: 93
IJPH.L Martin Ratio Rank: 91

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.

SP5L.L vs. IJPH.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.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.

	SP5L.L	IJPH.L	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.81	-0.08
Sortino ratio: Return per unit of downside risk	3.65	3.93	-0.28
Omega ratio: Gain probability vs. loss probability	1.51	1.51	0.00
Calmar ratio: Return relative to maximum drawdown	4.10	5.93	-1.83
Martin ratio: Return relative to average drawdown	14.56	20.84	-6.28

SP5L.L vs. IJPH.L - Sharpe Ratio Comparison

The current SP5L.L Sharpe Ratio is 2.73, which is comparable to the IJPH.L Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of SP5L.L and IJPH.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.

Drawdowns

SP5L.L vs. IJPH.L - Drawdown Comparison

The maximum SP5L.L drawdown since its inception was -25.47%, smaller than the maximum IJPH.L drawdown of -34.55%. Use the drawdown chart below to compare losses from any high point for SP5L.L and IJPH.L.

Drawdown Indicators

	SP5L.L	IJPH.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.47%	-34.55%	+9.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-9.64%	+2.44%
Max Drawdown (3Y) Largest decline over 3 years	-21.12%	-21.95%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-21.95%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	-25.47%	-34.55%	+9.08%
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-5.16%	-7.45%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.75%	-0.72%

Volatility

SP5L.L vs. IJPH.L - Volatility Comparison

The current volatility for Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) is 3.40%, while iShares MSCI Japan GBP Hedged UCITS ETF (IJPH.L) has a volatility of 4.96%. This indicates that SP5L.L experiences smaller price fluctuations and is considered to be less risky than IJPH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP5L.L	IJPH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	4.96%	-1.56%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	15.89%	-8.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	20.39%	-9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.78%	19.10%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.97%	19.17%	-1.20%

SP5L.L vs. IJPH.L - Expense Ratio Comparison

SP5L.L has a 0.07% expense ratio, which is lower than IJPH.L's 0.64% expense ratio.

Dividends

SP5L.L vs. IJPH.L - Dividend Comparison

Neither SP5L.L nor IJPH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SP5L.L and IJPH.L in my portfolio?

SP5L.L and IJPH.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SP5L.L or IJPH.L?

On fees, SP5L.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SP5L.L or IJPH.L?

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.64% for IJPH.L.

What is the main difference between SP5L.L and IJPH.L?

SP5L.L is categorized as S&P 500, while IJPH.L is Japan Equities. SP5L.L tracks S&P 500 Index, while IJPH.L tracks MSCI Japan 100% Hedged to GBP Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for SP5L.L and 0.64% for IJPH.L.