VJPU.L vs. CJPU.L
VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - VJPU.L tracks the FTSE Japan (USD Hedged) while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, VJPU.L returned 21.55%/yr vs 8.69%/yr for CJPU.L. Their correlation of 0.83 suggests significant overlap in exposure. VJPU.L charges 0.20%/yr vs 0.12%/yr for CJPU.L.
Performance
VJPU.L vs. CJPU.L - Performance Comparison
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Returns By Period
In the year-to-date period, VJPU.L achieves a 18.13% return, which is significantly higher than CJPU.L's 12.44% return.
VJPU.L
- 1D
- -2.11%
- 1M
- -3.69%
- 6M
- 10.66%
- YTD
- 18.13%
- 1Y
- 46.51%
- 3Y*
- 27.54%
- 5Y*
- 21.55%
- 10Y*
- —
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
VJPU.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 18.13% | 31.51% | 23.81% | 35.67% | -2.33% | 12.22% | 11.64% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 17.51% |
Correlation
The correlation between VJPU.L and CJPU.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2020 | 0.83 |
The correlation between VJPU.L and CJPU.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
VJPU.L vs. CJPU.L — Risk / Return Rank
VJPU.L
CJPU.L
VJPU.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.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.
| VJPU.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 2.37 | +2.47 |
| Martin ratioReturn relative to average drawdown | 16.40 | 7.70 | +8.69 |
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Drawdowns
VJPU.L vs. CJPU.L - Drawdown Comparison
The maximum VJPU.L drawdown since its inception was -27.53%, smaller than the maximum CJPU.L drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for VJPU.L and CJPU.L.
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Drawdown Indicators
| VJPU.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.53% | -32.64% | +5.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.57% | -12.79% | +3.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.44% | -14.74% | -6.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.44% | -32.64% | +11.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -5.55% | -7.07% | +1.52% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -5.86% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 3.94% | -1.11% |
Volatility
VJPU.L vs. CJPU.L - Volatility Comparison
The current volatility for Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) is 6.52%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 7.14%. This indicates that VJPU.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.
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Volatility by Period
| VJPU.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 7.14% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 18.29% | -2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 21.85% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 18.44% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 17.12% | +2.48% |
VJPU.L vs. CJPU.L - Expense Ratio Comparison
VJPU.L has a 0.20% 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
VJPU.L vs. CJPU.L - Dividend Comparison
Neither VJPU.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
VJPU.L and CJPU.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.20% for VJPU.L.
VJPU.L tracks FTSE Japan (USD Hedged), while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.20% for VJPU.L and 0.12% for CJPU.L.
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