VJPB.L vs. CJPU.L
VJPB.L (Vanguard FTSE Japan UCITS ETF Accumulating) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - VJPB.L tracks the TOPIX TR JPY while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, VJPB.L returned 9.24%/yr vs 9.18%/yr for CJPU.L. Their correlation of 0.93 suggests significant overlap in exposure. VJPB.L charges 0.15%/yr vs 0.12%/yr for CJPU.L.
Performance
VJPB.L vs. CJPU.L - Performance Comparison
Loading charts...
Different Trading Currencies
VJPB.L is traded in GBP, while CJPU.L is traded in USD. To make them comparable, the CJPU.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VJPB.L having a 12.15% return and CJPU.L slightly higher at 12.60%.
VJPB.L
- 1D
- -2.24%
- 1M
- -5.85%
- 6M
- 5.42%
- YTD
- 12.15%
- 1Y
- 29.19%
- 3Y*
- 14.96%
- 5Y*
- 9.24%
- 10Y*
- —
CJPU.L
- 1D
- -2.34%
- 1M
- -6.86%
- 6M
- 5.58%
- YTD
- 12.60%
- 1Y
- 30.09%
- 3Y*
- 14.94%
- 5Y*
- 9.18%
- 10Y*
- 8.56%
VJPB.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VJPB.L Vanguard FTSE Japan UCITS ETF Accumulating | 12.15% | 17.99% | 8.51% | 13.43% | -6.28% | 1.76% | 12.11% | -20.91% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.60% | 17.14% | 9.20% | 14.24% | -7.49% | 1.45% | 12.67% | -1.49% |
Correlation
The correlation between VJPB.L and CJPU.L is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.93 |
The correlation between VJPB.L and CJPU.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VJPB.L vs. CJPU.L — Risk / Return Rank
VJPB.L
CJPU.L
VJPB.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
| VJPB.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 2.84 | -0.12 |
| Martin ratioReturn relative to average drawdown | 8.35 | 8.61 | -0.26 |
Loading charts...
Drawdowns
VJPB.L vs. CJPU.L - Drawdown Comparison
The maximum VJPB.L drawdown since its inception was -38.31%, which is greater than CJPU.L's maximum drawdown of -24.62%. Use the drawdown chart below to compare losses from any high point for VJPB.L and CJPU.L.
Loading charts...
Drawdown Indicators
| VJPB.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.31% | -24.62% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | -10.54% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -19.86% | -14.29% | -5.57% |
Max Drawdown (5Y)Largest decline over 5 years | -19.86% | -18.51% | -1.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.62% | — |
Current DrawdownCurrent decline from peak | -7.94% | -8.44% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -11.97% | -6.35% | -5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.49% | 0.00% |
Volatility
VJPB.L vs. CJPU.L - Volatility Comparison
The current volatility for Vanguard FTSE Japan UCITS ETF Accumulating (VJPB.L) is 6.45%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 6.83%. This indicates that VJPB.L experiences smaller price fluctuations and is considered to be less risky than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VJPB.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 6.83% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 15.84% | 17.53% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.97% | 20.79% | -1.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 17.07% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 16.77% | +4.98% |
VJPB.L vs. CJPU.L - Expense Ratio Comparison
VJPB.L has a 0.15% expense ratio, which is higher than CJPU.L'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
VJPB.L vs. CJPU.L - Dividend Comparison
Neither VJPB.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, VJPB.L and CJPU.L 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, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.15% for VJPB.L.
VJPB.L tracks TOPIX TR JPY, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VJPB.L and 0.12% for CJPU.L.
Find the right allocation for VJPB.L and CJPU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer