AEJL.L vs. LGAP.L
AEJL.L (Lyxor UCITS MSCI AC Asia-Pacific Ex Japan C-E) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) are both Asia Pacific Equities funds - AEJL.L tracks the MSCI AC Asia Pac Ex JPN NR USD while LGAP.L tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, AEJL.L returned 6.34%/yr vs 5.84%/yr for LGAP.L. A 0.74 correlation means they provide meaningful diversification when combined. AEJL.L charges 0.60%/yr vs 0.10%/yr for LGAP.L.
Performance
AEJL.L vs. LGAP.L - Performance Comparison
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Different Trading Currencies
AEJL.L is traded in GBp, while LGAP.L is traded in USD. To make them comparable, the LGAP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AEJL.L achieves a 15.41% return, which is significantly higher than LGAP.L's 8.82% return.
AEJL.L
- 1D
- -2.72%
- 1M
- -9.91%
- 6M
- 9.63%
- YTD
- 15.41%
- 1Y
- 27.43%
- 3Y*
- 16.92%
- 5Y*
- 6.34%
- 10Y*
- 68.73%
LGAP.L
- 1D
- -0.79%
- 1M
- -2.17%
- 6M
- 5.38%
- YTD
- 8.82%
- 1Y
- 13.02%
- 3Y*
- 10.73%
- 5Y*
- 5.84%
- 10Y*
- —
AEJL.L vs. LGAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AEJL.L Lyxor UCITS MSCI AC Asia-Pacific Ex Japan C-E | 15.41% | 20.45% | 11.91% | 0.03% | -8.06% | -2.60% | 18.01% | 10,128.27% | -2.89% |
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) | 8.82% | 12.35% | 6.50% | -0.42% | 5.57% | 3.84% | 5.25% | 13.30% | 0.38% |
Correlation
The correlation between AEJL.L and LGAP.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.74 |
The correlation between AEJL.L and LGAP.L shifts across timeframes, from 0.62 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AEJL.L vs. LGAP.L — Risk / Return Rank
AEJL.L
LGAP.L
AEJL.L vs. LGAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor UCITS MSCI AC Asia-Pacific Ex Japan C-E (AEJL.L) and L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.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.
| AEJL.L | LGAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.84 | +0.33 |
| Martin ratioReturn relative to average drawdown | 7.29 | 4.79 | +2.50 |
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Drawdowns
AEJL.L vs. LGAP.L - Drawdown Comparison
The maximum AEJL.L drawdown since its inception was -55.23%, which is greater than LGAP.L's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for AEJL.L and LGAP.L.
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Drawdown Indicators
| AEJL.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.23% | -32.02% | -23.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -7.06% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -17.57% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -18.59% | -3.51% |
Max Drawdown (10Y)Largest decline over 10 years | -28.13% | — | — |
Current DrawdownCurrent decline from peak | -12.63% | -2.86% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -12.33% | -5.98% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 2.71% | +1.04% |
Volatility
AEJL.L vs. LGAP.L - Volatility Comparison
Lyxor UCITS MSCI AC Asia-Pacific Ex Japan C-E (AEJL.L) has a higher volatility of 8.93% compared to L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) at 3.00%. This indicates that AEJL.L's price experiences larger fluctuations and is considered to be riskier than LGAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEJL.L | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.93% | 3.00% | +5.93% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 10.48% | +6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 12.70% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.59% | 15.20% | +3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,741.82% | 17.53% | +2,724.29% |
AEJL.L vs. LGAP.L - Expense Ratio Comparison
AEJL.L has a 0.60% expense ratio, which is higher than LGAP.L's 0.10% expense ratio.
Dividends
AEJL.L vs. LGAP.L - Dividend Comparison
Neither AEJL.L nor LGAP.L has paid dividends to shareholders.
Frequently Asked Questions
AEJL.L and LGAP.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGAP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGAP.L is cheaper with a 0.10% expense ratio, compared with 0.60% for AEJL.L.
AEJL.L tracks MSCI AC Asia Pac Ex JPN NR USD, while LGAP.L tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. They also come from different issuers: Amundi and L&G. Their fees differ too: 0.60% for AEJL.L and 0.10% for LGAP.L.
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