SUJA.L vs. IJPD.L

Last updated Jun 5, 2026

SUJA.L (iShares MSCI Japan SRI UCITS ETF USD (Acc)) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds from iShares - SUJA.L tracks the TOPIX TR JPY while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 5 years, SUJA.L returned 4.37%/yr vs 22.39%/yr for IJPD.L. A 0.71 correlation means they provide meaningful diversification when combined. SUJA.L charges 0.20%/yr vs 0.64%/yr for IJPD.L.

Performance

SUJA.L vs. IJPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUJA.L is traded in GBp, while IJPD.L is traded in USD. To make them comparable, the IJPD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUJA.L achieves a 3.53% return, which is significantly lower than IJPD.L's 20.63% return.

SUJA.L

• 1D: -0.04%
• 1M: 7.15%
• YTD: 3.53%
• 6M: 2.52%
• 1Y: 13.20%
• 3Y*: 6.15%
• 5Y*: 4.37%
• 10Y*: —

IJPD.L

• 1D: -0.42%
• 1M: 7.82%
• YTD: 20.63%
• 6M: 21.12%
• 1Y: 54.42%
• 3Y*: 25.56%
• 5Y*: 22.39%
• 10Y*: 16.90%

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

SUJA.L vs. IJPD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SUJA.L iShares MSCI Japan SRI UCITS ETF USD (Acc)	3.53%	11.08%	4.65%	7.41%	-8.78%	2.14%	13.75%	18.34%	-9.18%	6.25%
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating	20.60%	19.85%	26.31%	28.81%	8.45%	13.28%	7.55%	14.22%	-9.17%	5.86%

Correlation

The correlation between SUJA.L and IJPD.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Mar 15, 2017	0.71

The correlation between SUJA.L and IJPD.L has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

SUJA.L vs. IJPD.L - Sectors Allocation Comparison

Sectors	SUJA.L	IJPD.L
Industrials	21.6%	26.0%
Technology	19.5%	19.1%
Financial Services	18.0%	17.5%
Consumer Cyclical	13.5%	12.2%
Communication Services	12.2%	7.9%
Healthcare	7.6%	6.3%
Real Estate	3.0%	2.3%
Consumer Defensive	2.7%	3.6%
Basic Materials	1.9%	3.0%
Energy	-	1.1%
Utilities	-	1.1%

Return for Risk

SUJA.L vs. IJPD.L — Risk / Return Rank

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

SUJA.L

SUJA.L Risk / Return Rank: 24
SUJA.L Sharpe Ratio Rank: 22
SUJA.L Sortino Ratio Rank: 22
SUJA.L Omega Ratio Rank: 22
SUJA.L Calmar Ratio Rank: 27
SUJA.L Martin Ratio Rank: 26

IJPD.L

IJPD.L Risk / Return Rank: 87
IJPD.L Sharpe Ratio Rank: 83
IJPD.L Sortino Ratio Rank: 86
IJPD.L Omega Ratio Rank: 85
IJPD.L Calmar Ratio Rank: 91
IJPD.L Martin Ratio Rank: 89

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.

SUJA.L vs. IJPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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.

	SUJA.L	IJPD.L	Difference
Sharpe ratio: Return per unit of total volatility	0.73	2.74	-2.01
Sortino ratio: Return per unit of downside risk	1.16	3.68	-2.52
Omega ratio: Gain probability vs. loss probability	1.14	1.50	-0.35
Calmar ratio: Return relative to maximum drawdown	1.24	6.35	-5.11
Martin ratio: Return relative to average drawdown	3.53	20.85	-17.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUJA.L vs. IJPD.L - Sharpe Ratio Comparison

The current SUJA.L Sharpe Ratio is 0.73, which is lower than the IJPD.L Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of SUJA.L and IJPD.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.

Sharpe Ratios by Period

	SUJA.L	IJPD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	2.74	-2.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	1.17	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.73	-0.40

Drawdowns

SUJA.L vs. IJPD.L - Drawdown Comparison

The maximum SUJA.L drawdown since its inception was -23.81%, smaller than the maximum IJPD.L drawdown of -28.78%. Use the drawdown chart below to compare losses from any high point for SUJA.L and IJPD.L.

Drawdown Indicators

	SUJA.L	IJPD.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.81%	-28.78%	+4.97%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-8.52%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.83%	-21.36%	+8.53%
Max Drawdown (5Y) Largest decline over 5 years	-20.93%	-21.36%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-28.78%	—
Current Drawdown Current decline from peak	-1.80%	-0.42%	-1.38%
Average Drawdown Average peak-to-trough decline	-7.00%	-5.38%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	2.60%	+1.13%

Volatility

SUJA.L vs. IJPD.L - Volatility Comparison

iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) has a higher volatility of 4.72% compared to iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) at 3.47%. This indicates that SUJA.L's price experiences larger fluctuations and is considered to be riskier than IJPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUJA.L	IJPD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.47%	+1.25%
Volatility (6M) Calculated over the trailing 6-month period	14.49%	15.28%	-0.79%
Volatility (1Y) Calculated over the trailing 1-year period	18.02%	19.81%	-1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	19.18%	-3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	19.68%	-2.65%

SUJA.L vs. IJPD.L - Expense Ratio Comparison

SUJA.L has a 0.20% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.

Dividends

SUJA.L vs. IJPD.L - Dividend Comparison

Neither SUJA.L nor IJPD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SUJA.L and IJPD.L in my portfolio?

SUJA.L and IJPD.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUJA.L or IJPD.L?

On fees, SUJA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUJA.L or IJPD.L?

SUJA.L is cheaper with a 0.20% expense ratio, compared with 0.64% for IJPD.L.

What is the main difference between SUJA.L and IJPD.L?

SUJA.L tracks TOPIX TR JPY, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. Their fees differ too: 0.20% for SUJA.L and 0.64% for IJPD.L.