- Issuer
- L&G
- Inception Date
- Nov 7, 2018
- Category
- Japan Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G Asia Pacific ex Japan Equity UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
LGAP.L Performance Chart
L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) is up 9.6% since the beginning of the year. LGAP.L is currently trading at $18 per share. Investors who bought $1,000 worth of LGAP.L shares 5 years ago would now be looking at an investment worth $1,309.
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Returns By Period
L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) has returned 9.64% so far this year and 15.23% over the past 12 months.
L&G Asia Pacific ex Japan Equity UCITS ETF
- 1D
- -0.40%
- 1M
- 0.61%
- 6M
- 7.65%
- YTD
- 9.64%
- 1Y
- 15.23%
- 3Y*
- 12.38%
- 5Y*
- 5.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
LGAP.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2018, LGAP.L's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2022 with a return of +14.7%, while the worst month was Mar 2020 at -16.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LGAP.L closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.4%, while the worst single day was Mar 23, 2020 at -8.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.45% | 5.31% | -8.17% | 6.57% | -0.00% | -3.31% | 3.35% | 9.64% | |||||
| 2025 | 3.12% | -1.08% | -1.60% | 3.78% | 6.00% | 3.77% | 1.17% | 4.55% | 0.25% | -1.04% | -1.30% | 1.94% | 20.97% |
| 2024 | -3.97% | 0.57% | 1.69% | -1.90% | 3.55% | 0.47% | 1.86% | 3.58% | 7.73% | -6.01% | 3.56% | -5.61% | 4.67% |
| 2023 | 8.86% | -7.07% | 0.98% | 0.06% | -6.83% | 4.67% | 4.42% | -6.27% | -2.93% | -4.48% | 6.31% | 8.99% | 4.82% |
| 2022 | -5.32% | 3.28% | 5.30% | -5.32% | -0.99% | -7.75% | 4.11% | -2.07% | -9.69% | -0.06% | 14.69% | 0.38% | -5.65% |
| 2021 | 0.43% | 3.10% | 0.86% | 3.75% | 2.76% | -2.77% | -0.94% | -0.32% | -3.93% | 3.87% | -7.04% | 3.74% | 2.87% |
Benchmark Metrics
L&G Asia Pacific ex Japan Equity UCITS ETF has an annualized alpha of 1.99%, beta of 0.48, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since November 09, 2018.
- This ETF participated in 94.49% of S&P 500 Index downside but only 74.78% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.48 may look defensive, but with R2 of 0.24 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.24 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.99%
- Beta
- 0.48
- R²
- 0.24
- Upside Capture
- 74.78%
- Downside Capture
- 94.49%
Expense Ratio
LGAP.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
LGAP.L ranks 36 for risk / return — below 36% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) and compare them to S&P 500 Index.
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.
| LGAP.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.31 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.35 | -0.63 |
| Martin ratioReturn relative to average drawdown | 4.58 | 10.19 | -5.61 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G Asia Pacific ex Japan Equity UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G Asia Pacific ex Japan Equity UCITS ETF was 38.56%, occurring on Mar 23, 2020. Recovery took 171 trading sessions.
The current L&G Asia Pacific ex Japan Equity UCITS ETF drawdown is 2.20%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-38.56%Mar 2020 | 2mo 3d | 8mo 6d | 10mo 9dJan 2020 - Nov 2020 | COVID crash2020 |
-25.82%Oct 2022 | 1y 4mo | 1y 11mo | 3y 3moJun 2021 - Sep 2024 | Bear market2022 |
-19.01%Apr 2025 | 6mo 6d | 1mo 12d | 7mo 18dOct 2024 - May 2025 | 2025 selloff2025 |
-10.07%Aug 2019 | 1mo 11d | 4mo 27d | 6mo 8dJul 2019 - Jan 2020 | — |
-8.50%Mar 2026 | 25d | — | 4mo 16dMar 2026 - now | — |
Drawdown Indicators
| LGAP.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -56.78% | +18.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -9.10% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -18.90% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -25.43% | +1.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.20% | -0.49% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -10.70% | +2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.09% | +1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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