XDJP.L vs. FJPS.L

Last updated Jun 5, 2026

XDJP.L (Xtrackers Nikkei 225 UCITS ETF 1D) and FJPS.L (Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc) are both Japan Equities funds tracking the TOPIX TR JPY, from Xtrackers and FIL Investment Management (Luxembourg) S.A., Irela respectively. Both are passively managed. Over the past 5 years, XDJP.L returned 12.61%/yr vs 10.03%/yr for FJPS.L. Their correlation of 0.89 suggests significant overlap in exposure. XDJP.L charges 0.09%/yr vs 0.30%/yr for FJPS.L.

Performance

XDJP.L vs. FJPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XDJP.L achieves a 31.98% return, which is significantly higher than FJPS.L's 16.69% return.

XDJP.L

• 1D: -1.35%
• 1M: 10.95%
• YTD: 31.98%
• 6M: 29.24%
• 1Y: 64.30%
• 3Y*: 20.95%
• 5Y*: 12.61%
• 10Y*: 13.14%

FJPS.L

• 1D: 0.27%
• 1M: 7.52%
• YTD: 16.69%
• 6M: 15.62%
• 1Y: 33.78%
• 3Y*: 14.39%
• 5Y*: 10.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XDJP.L vs. FJPS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	31.98%	21.04%	9.67%	15.52%	-10.26%	-3.79%	2.47%
FJPS.L Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc	16.69%	14.84%	8.88%	12.32%	-5.11%	2.90%	1.92%

Correlation

The correlation between XDJP.L and FJPS.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 8, 2020	0.89

The correlation between XDJP.L and FJPS.L has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.

XDJP.L vs. FJPS.L - Sectors Allocation Comparison

Sectors	XDJP.L	FJPS.L
Technology	31.9%	19.8%
Industrials	19.4%	21.9%
Consumer Cyclical	16.9%	11.4%
Communication Services	12.4%	9.0%
Healthcare	6.7%	6.1%
Basic Materials	4.3%	4.0%
Consumer Defensive	3.3%	4.2%
Financial Services	3.1%	18.9%
Real Estate	1.5%	2.0%
Energy	0.3%	1.8%
Utilities	0.2%	0.8%

Return for Risk

XDJP.L vs. FJPS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XDJP.L

XDJP.L Risk / Return Rank: 84
XDJP.L Sharpe Ratio Rank: 87
XDJP.L Sortino Ratio Rank: 87
XDJP.L Omega Ratio Rank: 81
XDJP.L Calmar Ratio Rank: 86
XDJP.L Martin Ratio Rank: 77

FJPS.L

FJPS.L Risk / Return Rank: 58
FJPS.L Sharpe Ratio Rank: 54
FJPS.L Sortino Ratio Rank: 54
FJPS.L Omega Ratio Rank: 57
FJPS.L Calmar Ratio Rank: 65
FJPS.L Martin Ratio Rank: 60

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.

XDJP.L vs. FJPS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) and Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.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.

	XDJP.L	FJPS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.85	1.83	+1.03
Sortino ratio: Return per unit of downside risk	3.94	2.56	+1.38
Omega ratio: Gain probability vs. loss probability	1.48	1.34	+0.13
Calmar ratio: Return relative to maximum drawdown	4.77	3.20	+1.57
Martin ratio: Return relative to average drawdown	14.50	10.51	+3.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XDJP.L vs. FJPS.L - Sharpe Ratio Comparison

The current XDJP.L Sharpe Ratio is 2.85, which is higher than the FJPS.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of XDJP.L and FJPS.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.

Sharpe Ratios by Period

	XDJP.L	FJPS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.83	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.62	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.59	+0.16

Drawdowns

XDJP.L vs. FJPS.L - Drawdown Comparison

The maximum XDJP.L drawdown since its inception was -23.69%, which is greater than FJPS.L's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for XDJP.L and FJPS.L.

Drawdown Indicators

	XDJP.L	FJPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-17.38%	-6.31%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-10.50%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-18.82%	-15.34%	-3.48%
Max Drawdown (5Y) Largest decline over 5 years	-20.61%	-17.38%	-3.23%
Max Drawdown (10Y) Largest decline over 10 years	-23.69%	—	—
Current Drawdown Current decline from peak	-1.35%	0.00%	-1.35%
Average Drawdown Average peak-to-trough decline	-6.79%	-5.17%	-1.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.20%	+1.22%

Volatility

XDJP.L vs. FJPS.L - Volatility Comparison

Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) has a higher volatility of 6.75% compared to Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF Acc (FJPS.L) at 4.30%. This indicates that XDJP.L's price experiences larger fluctuations and is considered to be riskier than FJPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XDJP.L	FJPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	4.30%	+2.45%
Volatility (6M) Calculated over the trailing 6-month period	17.68%	15.08%	+2.60%
Volatility (1Y) Calculated over the trailing 1-year period	22.44%	18.44%	+4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	16.10%	+1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.63%	15.90%	+1.73%

XDJP.L vs. FJPS.L - Expense Ratio Comparison

XDJP.L has a 0.09% expense ratio, which is lower than FJPS.L's 0.30% expense ratio.

Dividends

XDJP.L vs. FJPS.L - Dividend Comparison

XDJP.L's dividend yield for the trailing twelve months is around 1.04%, while FJPS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FJPS.L Fidelity Sustainable Research Enhanced Japan Equity UCITS ETF 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%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	1.04%	1.33%	1.41%	1.59%	2.47%	1.20%	1.11%	1.13%	1.24%	0.72%	0.83%	0.16%

Frequently Asked Questions

Can I hold both XDJP.L and FJPS.L in my portfolio?

XDJP.L and FJPS.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDJP.L or FJPS.L?

On fees, XDJP.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDJP.L or FJPS.L?

XDJP.L is cheaper with a 0.09% expense ratio, compared with 0.30% for FJPS.L.

What is the main difference between XDJP.L and FJPS.L?

Both ETFs track TOPIX TR JPY. They also come from different issuers: Xtrackers and FIL Investment Management (Luxembourg) S.A., Irela. Their fees differ too: 0.09% for XDJP.L and 0.30% for FJPS.L.