PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VMIG.L vs. SJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VMIG.L vs. SJPA.L

Last updated Jun 13, 2026

VMIG.L (Vanguard FTSE 250 UCITS ETF (GBP) Accumulating) and SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - VMIG.L is a Europe Equities fund tracking the FTSE 250 Ex Investment Trust TR GBP, while SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, VMIG.L returned 6.27%/yr vs 9.85%/yr for SJPA.L. At a 0.47 correlation, their price movements are largely independent. VMIG.L charges 0.10%/yr vs 0.15%/yr for SJPA.L.

Performance

VMIG.L vs. SJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

VMIG.L is traded in GBP, while SJPA.L is traded in GBp. To make them comparable, the SJPA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VMIG.L achieves a 5.33% return, which is significantly lower than SJPA.L's 15.47% return.

VMIG.L

1D
1.60%
1M
3.93%
YTD
5.33%
6M
8.43%
1Y
12.81%
3Y*
12.77%
5Y*
6.27%
10Y*
—

SJPA.L

1D
2.26%
1M
0.53%
YTD
15.47%
6M
14.66%
1Y
32.71%
3Y*
14.56%
5Y*
9.85%
10Y*
10.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VMIG.L vs. SJPA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VMIG.L
Vanguard FTSE 250 UCITS ETF (GBP) Accumulating		5.33%13.52%11.01%11.96%-14.58%19.28%-2.22%17.54%
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		15.47%18.19%8.36%12.76%-6.21%1.62%11.03%12.15%

Correlation

The correlation between VMIG.L and SJPA.L is 0.50, 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

0.50

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

0.48

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

0.46

Correlation (All Time)
Calculated using the full available price history since May 14, 2019

0.47

The correlation between VMIG.L and SJPA.L has been stable across timeframes, ranging from 0.46 to 0.50 - a consistent structural relationship.

VMIG.L vs. SJPA.L - Sectors Allocation Comparison

Sectors
VMIG.L
SJPA.L

Industrials

19.9%
25.6%

Financial Services

19.4%
15.9%

Consumer Cyclical

13.3%
12.5%

Real Estate

9.4%
3.1%

Technology

9.4%
19.1%

Basic Materials

6.6%
4.6%

Consumer Defensive

6.1%
4.1%

Communication Services

5.9%
7.6%

Healthcare

4.4%
5.5%

Utilities

3.0%
1.2%

Energy

2.5%
0.9%

Industrials

VMIG.L
19.9%
SJPA.L
25.6%

Financial Services

VMIG.L
19.4%
SJPA.L
15.9%

Consumer Cyclical

VMIG.L
13.3%
SJPA.L
12.5%

Real Estate

VMIG.L
9.4%
SJPA.L
3.1%

Technology

VMIG.L
9.4%
SJPA.L
19.1%

Basic Materials

VMIG.L
6.6%
SJPA.L
4.6%

Consumer Defensive

VMIG.L
6.1%
SJPA.L
4.1%

Communication Services

VMIG.L
5.9%
SJPA.L
7.6%

Healthcare

VMIG.L
4.4%
SJPA.L
5.5%

Utilities

VMIG.L
3.0%
SJPA.L
1.2%

Energy

VMIG.L
2.5%
SJPA.L
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE 250 UCITS ETF (GBP) Accumulating

iShares Core MSCI Japan IMI UCITS ETF

Often compared with VMIG.L:
VMIG.L vs. VUKG.LVMIG.L vs. VMID.LVMIG.L vs. VWRP.LVMIG.L vs. MIDVMIG.L vs. CUKS.LVMIG.L vs. VUAG.LVMIG.L vs. FTAD.L
Often compared with SJPA.L:
SJPA.L vs. LCJP.LSJPA.L vs. CSJP.LSJPA.L vs. XAUUSD=XSJPA.L vs. CNKY.LSJPA.L vs. PRIJ.LSJPA.L vs. N1ES.DESJPA.L vs. PADV.L

Return for Risk

VMIG.L vs. SJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VMIG.L
VMIG.L Risk / Return Rank: 3131
Overall Rank
VMIG.L Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
VMIG.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
VMIG.L Omega Ratio Rank: 3131
Omega Ratio Rank
VMIG.L Calmar Ratio Rank: 2626
Calmar Ratio Rank
VMIG.L Martin Ratio Rank: 3131
Martin Ratio Rank
SJPA.L
SJPA.L Risk / Return Rank: 6565
Overall Rank
SJPA.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SJPA.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
SJPA.L Omega Ratio Rank: 6767
Omega Ratio Rank
SJPA.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
SJPA.L Martin Ratio Rank: 6363
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.

VMIG.L vs. SJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and iShares Core MSCI Japan IMI UCITS ETF (SJPA.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.

VMIG.LSJPA.LDifference
Sharpe ratioReturn per unit of total volatility
1.03
1.82

-0.80

Sortino ratioReturn per unit of downside risk
1.56
2.62

-1.06

Omega ratioGain probability vs. loss probability

1.19

1.35

-0.16

Calmar ratioReturn relative to maximum drawdown

1.10

3.04

-1.94

Martin ratioReturn relative to average drawdown

3.96

9.86

-5.90

VMIG.L vs. SJPA.L - Sharpe Ratio Comparison

The current VMIG.L Sharpe Ratio is 1.03, which is lower than the SJPA.L Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of VMIG.L and SJPA.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.

Loading charts...

Drawdowns

VMIG.L vs. SJPA.L - Drawdown Comparison

The maximum VMIG.L drawdown since its inception was -41.38%, smaller than the maximum SJPA.L drawdown of -45.53%. Use the drawdown chart below to compare losses from any high point for VMIG.L and SJPA.L.

Loading charts...

Drawdown Indicators

VMIG.LSJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.38%

-45.53%

+4.15%

Max Drawdown (1Y)

Largest decline over 1 year

-11.59%

-10.71%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-14.60%

-19.68%

+5.08%

Max Drawdown (5Y)

Largest decline over 5 years

-27.02%

-19.68%

-7.34%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.73%

—

Current Drawdown

Current decline from peak

-0.54%

-0.82%

+0.28%

Average Drawdown

Average peak-to-trough decline

-7.76%

-15.72%

+7.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.23%

3.31%

-0.08%

Volatility

VMIG.L vs. SJPA.L - Volatility Comparison

The current volatility for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) is 3.69%, while iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) has a volatility of 4.41%. This indicates that VMIG.L experiences smaller price fluctuations and is considered to be less risky than SJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VMIG.LSJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.69%

4.41%

-0.72%

Volatility (6M)

Calculated over the trailing 6-month period

10.30%

14.72%

-4.42%

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

17.89%

-5.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.07%

20.67%

-5.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.37%

18.47%

-1.10%

VMIG.L vs. SJPA.L - Expense Ratio Comparison

VMIG.L has a 0.10% expense ratio, which is lower than SJPA.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VMIG.L vs. SJPA.L - Dividend Comparison

Neither VMIG.L nor SJPA.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
SJPA.L
iShares Core MSCI Japan IMI UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VMIG.L
Vanguard FTSE 250 UCITS ETF (GBP) Accumulating		0.00%0.51%3.22%3.33%3.21%2.55%2.05%1.41%

Frequently Asked Questions

VMIG.L and SJPA.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VMIG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VMIG.L is cheaper with a 0.10% expense ratio, compared with 0.15% for SJPA.L.

VMIG.L is categorized as Europe Equities, while SJPA.L is Japan Equities. VMIG.L tracks FTSE 250 Ex Investment Trust TR GBP, while SJPA.L tracks TOPIX TR JPY. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VMIG.L and 0.15% for SJPA.L.

Portfolio Optimizer

Find the right allocation for VMIG.L and SJPA.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