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VJPN.L vs. VJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VJPN.L vs. VJPA.L

Last updated Jun 5, 2026

VJPN.L (Vanguard FTSE Japan UCITS ETF Distributing) and VJPA.L (Vanguard FTSE Japan UCITS ETF USD Acc) are both Japan Equities funds from Vanguard - VJPN.L tracks the TOPIX TR JPY while VJPA.L tracks the FTSE Japan Index. Both are passively managed. Over the past 5 years, VJPN.L returned 10.73%/yr vs 10.08%/yr for VJPA.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

VJPN.L vs. VJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) and Vanguard FTSE Japan UCITS ETF USD Acc (VJPA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VJPN.L is traded in GBP, while VJPA.L is traded in USD. To make them comparable, the VJPA.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 VJPN.L having a 16.32% return and VJPA.L slightly higher at 16.38%.

VJPN.L

1D
0.70%
1M
4.00%
YTD
16.32%
6M
16.34%
1Y
36.25%
3Y*
16.39%
5Y*
10.73%
10Y*
11.10%

VJPA.L

1D
-0.22%
1M
3.97%
YTD
16.38%
6M
15.94%
1Y
35.14%
3Y*
15.66%
5Y*
10.08%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VJPN.L vs. VJPA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VJPN.L
Vanguard FTSE Japan UCITS ETF Distributing		16.32%18.86%9.05%14.00%-5.70%2.26%12.84%-1.89%
VJPA.L
Vanguard FTSE Japan UCITS ETF USD Acc		16.38%17.76%8.59%14.04%-6.23%1.31%12.67%-2.84%

Correlation

The correlation between VJPN.L and VJPA.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

0.95

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

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.93

The correlation between VJPN.L and VJPA.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

VJPN.L vs. VJPA.L - Sectors Allocation Comparison

Sectors
VJPN.L
VJPA.L

Industrials

26.6%
26.6%

Technology

17.4%
17.4%

Financial Services

15.9%
15.9%

Consumer Cyclical

12.8%
12.8%

Communication Services

7.1%
7.1%

Healthcare

5.9%
5.9%

Basic Materials

4.3%
4.3%

Consumer Defensive

4.2%
4.2%

Real Estate

3.4%
3.4%

Utilities

1.3%
1.3%

Energy

1.0%
1.0%

Industrials

VJPN.L
26.6%
VJPA.L
26.6%

Technology

VJPN.L
17.4%
VJPA.L
17.4%

Financial Services

VJPN.L
15.9%
VJPA.L
15.9%

Consumer Cyclical

VJPN.L
12.8%
VJPA.L
12.8%

Communication Services

VJPN.L
7.1%
VJPA.L
7.1%

Healthcare

VJPN.L
5.9%
VJPA.L
5.9%

Basic Materials

VJPN.L
4.3%
VJPA.L
4.3%

Consumer Defensive

VJPN.L
4.2%
VJPA.L
4.2%

Real Estate

VJPN.L
3.4%
VJPA.L
3.4%

Utilities

VJPN.L
1.3%
VJPA.L
1.3%

Energy

VJPN.L
1.0%
VJPA.L
1.0%

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Vanguard FTSE Japan UCITS ETF Distributing

Vanguard FTSE Japan UCITS ETF USD Acc

Often compared with VJPN.L:
VJPN.L vs. XDJP.LVJPN.L vs. VJPN.DEVJPN.L vs. EEJG.LVJPN.L vs. LGJG.LVJPN.L vs. JEMAVJPN.L vs. VUSA.LVJPN.L vs. ISF.L
Often compared with VJPA.L:
VJPA.L vs. VJPB.LVJPA.L vs. EWJVJPA.L vs. LGJG.LVJPA.L vs. HMJP.LVJPA.L vs. VJPU.LVJPA.L vs. MXJP.LVJPA.L vs. SJPA.L

Return for Risk

VJPN.L vs. VJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VJPN.L
VJPN.L Risk / Return Rank: 6060
Overall Rank
VJPN.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
VJPN.L Sortino Ratio Rank: 5959
Sortino Ratio Rank
VJPN.L Omega Ratio Rank: 6161
Omega Ratio Rank
VJPN.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
VJPN.L Martin Ratio Rank: 5959
Martin Ratio Rank
VJPA.L
VJPA.L Risk / Return Rank: 5151
Overall Rank
VJPA.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
VJPA.L Sortino Ratio Rank: 5252
Sortino Ratio Rank
VJPA.L Omega Ratio Rank: 5151
Omega Ratio Rank
VJPA.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
VJPA.L Martin Ratio Rank: 5252
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.

VJPN.L vs. VJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) and Vanguard FTSE Japan UCITS ETF USD Acc (VJPA.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.

VJPN.LVJPA.LDifference
Sharpe ratioReturn per unit of total volatility
1.91
1.82

+0.09

Sortino ratioReturn per unit of downside risk
2.75
2.64

+0.11

Omega ratioGain probability vs. loss probability

1.37

1.35

+0.02

Calmar ratioReturn relative to maximum drawdown

3.20

3.17

+0.04

Martin ratioReturn relative to average drawdown

10.40

10.48

-0.08

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VJPN.L vs. VJPA.L - Sharpe Ratio Comparison

The current VJPN.L Sharpe Ratio is 1.91, which is comparable to the VJPA.L Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of VJPN.L and VJPA.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.

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Sharpe Ratios by Period

VJPN.LVJPA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.91

1.82

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.62

+0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.50

+0.12

Drawdowns

VJPN.L vs. VJPA.L - Drawdown Comparison

The maximum VJPN.L drawdown since its inception was -25.19%, roughly equal to the maximum VJPA.L drawdown of -24.86%. Use the drawdown chart below to compare losses from any high point for VJPN.L and VJPA.L.

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Drawdown Indicators

VJPN.LVJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.19%

-24.86%

-0.33%

Max Drawdown (1Y)

Largest decline over 1 year

-10.68%

-10.70%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-13.45%

-13.17%

-0.28%

Max Drawdown (5Y)

Largest decline over 5 years

-17.91%

-18.25%

+0.34%

Max Drawdown (10Y)

Largest decline over 10 years

-25.19%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.22%

+0.22%

Average Drawdown

Average peak-to-trough decline

-5.26%

-5.32%

+0.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

3.24%

+0.05%

Volatility

VJPN.L vs. VJPA.L - Volatility Comparison

The current volatility for Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) is 3.85%, while Vanguard FTSE Japan UCITS ETF USD Acc (VJPA.L) has a volatility of 4.10%. This indicates that VJPN.L experiences smaller price fluctuations and is considered to be less risky than VJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VJPN.LVJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.85%

4.10%

-0.25%

Volatility (6M)

Calculated over the trailing 6-month period

14.62%

15.47%

-0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

17.91%

18.65%

-0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.50%

16.26%

-0.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.90%

17.62%

-1.72%

VJPN.L vs. VJPA.L - Expense Ratio Comparison

Both VJPN.L and VJPA.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VJPN.L vs. VJPA.L - Dividend Comparison

VJPN.L's dividend yield for the trailing twelve months is around 2.23%, while VJPA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
VJPA.L
Vanguard FTSE Japan 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%
VJPN.L
Vanguard FTSE Japan UCITS ETF Distributing		2.23%2.54%2.47%2.39%2.64%2.31%2.14%2.36%2.55%1.94%2.04%2.08%

Frequently Asked Questions

With a correlation of 0.95, VJPN.L and VJPA.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.

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

VJPN.L and VJPA.L have the same expense ratio: 0.15% per year.

VJPN.L tracks TOPIX TR JPY, while VJPA.L tracks FTSE Japan Index.

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