WREE.L vs. SJPA.L
WREE.L (WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc) and SJPA.L (iShares Core MSCI Japan IMI UCITS ETF) are both exchange-traded funds - WREE.L is a Commodity Producers Equities fund tracking the WisdomTree Strategic Metals and Rare Earths Miners Index, while SJPA.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past year, WREE.L returned 112.06% vs 33.90% for SJPA.L. At a 0.36 correlation, their price movements are largely independent. WREE.L charges 0.50%/yr vs 0.15%/yr for SJPA.L.
Performance
WREE.L vs. SJPA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with WREE.L having a 16.75% return and SJPA.L slightly lower at 16.31%.
WREE.L
- 1D
- -1.12%
- 1M
- -7.90%
- YTD
- 16.75%
- 6M
- 26.79%
- 1Y
- 112.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SJPA.L
- 1D
- -0.10%
- 1M
- 6.32%
- YTD
- 16.31%
- 6M
- 15.92%
- 1Y
- 33.90%
- 3Y*
- 15.64%
- 5Y*
- 10.02%
- 10Y*
- 10.10%
WREE.L vs. SJPA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WREE.L WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc | 16.75% | 100.33% | -10.09% |
SJPA.L iShares Core MSCI Japan IMI UCITS ETF | 16.31% | 18.19% | -0.42% |
Correlation
The correlation between WREE.L and SJPA.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2024 | 0.36 |
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Return for Risk
WREE.L vs. SJPA.L — Risk / Return Rank
WREE.L
SJPA.L
WREE.L vs. SJPA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.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.
| WREE.L | SJPA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 3.15 | +1.69 |
| Martin ratioReturn relative to average drawdown | 16.54 | 10.28 | +6.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WREE.L | SJPA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.03 | 1.92 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.57 | +0.78 |
Drawdowns
WREE.L vs. SJPA.L - Drawdown Comparison
The maximum WREE.L drawdown since its inception was -27.50%, which is greater than SJPA.L's maximum drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for WREE.L and SJPA.L.
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Drawdown Indicators
| WREE.L | SJPA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.50% | -24.73% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -23.01% | -10.71% | -12.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.73% | — |
Current DrawdownCurrent decline from peak | -12.62% | -0.10% | -12.52% |
Average DrawdownAverage peak-to-trough decline | -8.58% | -6.68% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.75% | 3.29% | +3.46% |
Volatility
WREE.L vs. SJPA.L - Volatility Comparison
WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD Acc (WREE.L) has a higher volatility of 13.81% compared to iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) at 3.82%. This indicates that WREE.L's price experiences larger fluctuations and is considered to be riskier than SJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WREE.L | SJPA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.81% | 3.82% | +9.99% |
Volatility (6M)Calculated over the trailing 6-month period | 29.92% | 14.40% | +15.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.84% | 17.60% | +19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 15.35% | +15.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.41% | 15.69% | +14.72% |
WREE.L vs. SJPA.L - Expense Ratio Comparison
WREE.L has a 0.50% expense ratio, which is higher than SJPA.L's 0.15% expense ratio.
Dividends
WREE.L vs. SJPA.L - Dividend Comparison
Neither WREE.L nor SJPA.L has paid dividends to shareholders.
Frequently Asked Questions
WREE.L and SJPA.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SJPA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SJPA.L is cheaper with a 0.15% expense ratio, compared with 0.50% for WREE.L.
WREE.L is categorized as Commodity Producers Equities, while SJPA.L is Japan Equities. WREE.L tracks WisdomTree Strategic Metals and Rare Earths Miners Index, while SJPA.L tracks TOPIX TR JPY. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.50% for WREE.L and 0.15% for SJPA.L.
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