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SUJA.L vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SUJA.L vs. SPY

Last updated Jun 5, 2026

SUJA.L (iShares MSCI Japan SRI UCITS ETF USD (Acc)) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - SUJA.L is a Japan Equities fund tracking the TOPIX TR JPY, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SUJA.L returned 4.37%/yr vs 15.14%/yr for SPY. At a 0.38 correlation, their price movements are largely independent. SUJA.L charges 0.20%/yr vs 0.09%/yr for SPY.

Performance

SUJA.L vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SUJA.L is traded in GBp, while SPY is traded in USD. To make them comparable, the SPY 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 SPY's 11.78% 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*
—

SPY

1D
0.00%
1M
4.50%
YTD
11.78%
6M
10.31%
1Y
30.60%
3Y*
19.38%
5Y*
15.14%
10Y*
16.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SUJA.L vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
SPY
State Street SPDR S&P 500 ETF		9.54%9.33%27.07%19.87%-8.45%29.95%14.86%26.23%1.09%3.26%

Correlation

The correlation between SUJA.L and SPY is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.31

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

0.33

Correlation (All Time)
Calculated using the full available price history since Mar 15, 2017

0.38

SUJA.L vs. SPY - Sectors Allocation Comparison

Sectors
SUJA.L
SPY

Industrials

21.6%
7.8%

Technology

19.5%
35.9%

Financial Services

18.0%
11.8%

Consumer Cyclical

13.5%
10.3%

Communication Services

12.2%
11.3%

Healthcare

7.6%
8.4%

Real Estate

3.0%
1.9%

Consumer Defensive

2.7%
4.8%

Basic Materials

1.9%
1.8%

Energy

-

3.6%

Utilities

-

2.4%

Industrials

SUJA.L
21.6%
SPY
7.8%

Technology

SUJA.L
19.5%
SPY
35.9%

Financial Services

SUJA.L
18.0%
SPY
11.8%

Consumer Cyclical

SUJA.L
13.5%
SPY
10.3%

Communication Services

SUJA.L
12.2%
SPY
11.3%

Healthcare

SUJA.L
7.6%
SPY
8.4%

Real Estate

SUJA.L
3.0%
SPY
1.9%

Consumer Defensive

SUJA.L
2.7%
SPY
4.8%

Basic Materials

SUJA.L
1.9%
SPY
1.8%

Energy

SUJA.L

-

SPY
3.6%

Utilities

SUJA.L

-

SPY
2.4%

Compare stocks, funds, or ETFs

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iShares MSCI Japan SRI UCITS ETF USD (Acc)

State Street SPDR S&P 500 ETF

Often compared with SUJA.L:
SUJA.L vs. CSJP.LSUJA.L vs. IJPH.LSUJA.L vs. JPSR.LSUJA.L vs. PRIJ.LSUJA.L vs. FJPS.LSUJA.L vs. XDJP.LSUJA.L vs. IJPN.L
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

SUJA.L vs. SPY — 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: 2424
Overall Rank
SUJA.L Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SUJA.L Sortino Ratio Rank: 2222
Sortino Ratio Rank
SUJA.L Omega Ratio Rank: 2222
Omega Ratio Rank
SUJA.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
SUJA.L Martin Ratio Rank: 2626
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6666
Overall Rank
SPY Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPY Omega Ratio Rank: 6666
Omega Ratio Rank
SPY Calmar Ratio Rank: 6060
Calmar Ratio Rank
SPY Martin Ratio Rank: 7373
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.

SUJA.L vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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.LSPYDifference
Sharpe ratioReturn per unit of total volatility
0.73
2.69

-1.96

Sortino ratioReturn per unit of downside risk
1.16
3.46

-2.30

Omega ratioGain probability vs. loss probability

1.14

1.51

-0.36

Calmar ratioReturn relative to maximum drawdown

1.24

4.00

-2.75

Martin ratioReturn relative to average drawdown

3.53

15.30

-11.78

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. SPY - Sharpe Ratio Comparison

The current SUJA.L Sharpe Ratio is 0.73, which is lower than the SPY Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of SUJA.L and SPY, 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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Sharpe Ratios by Period

SUJA.LSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.73

2.69

-1.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.95

-0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.91

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.32

0.69

-0.37

Drawdowns

SUJA.L vs. SPY - Drawdown Comparison

The maximum SUJA.L drawdown since its inception was -23.81%, smaller than the maximum SPY drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for SUJA.L and SPY.

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Drawdown Indicators

SUJA.LSPYDifference

Max Drawdown

Largest peak-to-trough decline

-23.81%

-34.68%

+10.87%

Max Drawdown (1Y)

Largest decline over 1 year

-10.57%

-7.69%

-2.88%

Max Drawdown (3Y)

Largest decline over 3 years

-12.83%

-21.94%

+9.11%

Max Drawdown (5Y)

Largest decline over 5 years

-20.93%

-21.94%

+1.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.78%

—

Current Drawdown

Current decline from peak

-1.80%

0.00%

-1.80%

Average Drawdown

Average peak-to-trough decline

-7.00%

-4.77%

-2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.73%

2.00%

+1.73%

Volatility

SUJA.L vs. SPY - Volatility Comparison

iShares MSCI Japan SRI UCITS ETF USD (Acc) (SUJA.L) has a higher volatility of 4.72% compared to State Street SPDR S&P 500 ETF (SPY) at 2.44%. This indicates that SUJA.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SUJA.LSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

2.44%

+2.28%

Volatility (6M)

Calculated over the trailing 6-month period

14.49%

8.11%

+6.38%

Volatility (1Y)

Calculated over the trailing 1-year period

18.02%

11.47%

+6.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.59%

16.01%

-0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.03%

18.02%

-0.99%

SUJA.L vs. SPY - Expense Ratio Comparison

SUJA.L has a 0.20% expense ratio, which is higher than SPY's 0.09% 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

SUJA.L vs. SPY - Dividend Comparison

SUJA.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.00%.

PositionTTM20252024202320222021202020192018201720162015
SPY
State Street SPDR S&P 500 ETF		1.00%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%
SUJA.L
iShares MSCI Japan SRI UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SUJA.L and SPY have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPY is cheaper with a 0.09% expense ratio, compared with 0.20% for SUJA.L.

SUJA.L is categorized as Japan Equities, while SPY is S&P 500. SUJA.L tracks TOPIX TR JPY, while SPY tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SUJA.L and 0.09% for SPY.

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