AUCO.L vs. LGJP.L
AUCO.L (L&G Gold Mining UCITS ETF) and LGJP.L (L&G Japan Equity UCITS ETF USD (Acc)) are both exchange-traded funds - AUCO.L is a Gold fund tracking the STOXX Global Gold Miners Index, while LGJP.L is a Japan Equities fund tracking the Solactive Core Japan Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, AUCO.L returned 21.25%/yr vs 9.00%/yr for LGJP.L. At a 0.28 correlation, their price movements are largely independent. AUCO.L charges 0.55%/yr vs 0.10%/yr for LGJP.L.
Performance
AUCO.L vs. LGJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, AUCO.L achieves a -17.51% return, which is significantly lower than LGJP.L's 12.44% return.
AUCO.L
- 1D
- -1.23%
- 1M
- -20.57%
- 6M
- -25.53%
- YTD
- -17.51%
- 1Y
- 44.33%
- 3Y*
- 38.85%
- 5Y*
- 21.25%
- 10Y*
- 11.70%
LGJP.L
- 1D
- -2.11%
- 1M
- -4.31%
- 6M
- 6.50%
- YTD
- 12.44%
- 1Y
- 29.74%
- 3Y*
- 16.40%
- 5Y*
- 9.00%
- 10Y*
- —
AUCO.L vs. LGJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AUCO.L L&G Gold Mining UCITS ETF | -17.51% | 181.83% | 17.96% | 15.02% | -14.30% | -10.12% | 21.72% | 44.14% | 8.13% |
LGJP.L L&G Japan Equity UCITS ETF USD (Acc) | 12.44% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 16.58% | 18.59% | -7.06% |
Correlation
The correlation between AUCO.L and LGJP.L is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.28 |
Over the past year, AUCO.L and LGJP.L have become more correlated (0.51) than their long-term average of 0.28, meaning their price movements have been converging.
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Return for Risk
AUCO.L vs. LGJP.L — Risk / Return Rank
AUCO.L
LGJP.L
AUCO.L vs. LGJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Gold Mining UCITS ETF (AUCO.L) and L&G Japan Equity UCITS ETF USD (Acc) (LGJP.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.
| AUCO.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.26 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.24 | -1.10 |
| Martin ratioReturn relative to average drawdown | 2.68 | 7.24 | -4.56 |
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Drawdowns
AUCO.L vs. LGJP.L - Drawdown Comparison
The maximum AUCO.L drawdown since its inception was -78.30%, which is greater than LGJP.L's maximum drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for AUCO.L and LGJP.L.
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Drawdown Indicators
| AUCO.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.30% | -32.19% | -46.11% |
Max Drawdown (1Y)Largest decline over 1 year | -38.48% | -13.20% | -25.28% |
Max Drawdown (3Y)Largest decline over 3 years | -38.48% | -14.30% | -24.18% |
Max Drawdown (5Y)Largest decline over 5 years | -48.62% | -32.19% | -16.43% |
Max Drawdown (10Y)Largest decline over 10 years | -54.47% | — | — |
Current DrawdownCurrent decline from peak | -38.48% | -5.49% | -32.99% |
Average DrawdownAverage peak-to-trough decline | -40.73% | -7.57% | -33.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.47% | 4.10% | +12.37% |
Volatility
AUCO.L vs. LGJP.L - Volatility Comparison
L&G Gold Mining UCITS ETF (AUCO.L) has a higher volatility of 13.97% compared to L&G Japan Equity UCITS ETF USD (Acc) (LGJP.L) at 6.68%. This indicates that AUCO.L's price experiences larger fluctuations and is considered to be riskier than LGJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUCO.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 6.68% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 39.44% | 17.75% | +21.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.93% | 21.21% | +27.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.98% | 18.17% | +20.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.75% | 18.31% | +17.44% |
AUCO.L vs. LGJP.L - Expense Ratio Comparison
AUCO.L has a 0.55% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
AUCO.L vs. LGJP.L - Dividend Comparison
Neither AUCO.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
AUCO.L and LGJP.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGJP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.55% for AUCO.L.
AUCO.L is categorized as Gold, while LGJP.L is Japan Equities. AUCO.L tracks STOXX Global Gold Miners Index, while LGJP.L tracks Solactive Core Japan Large & Mid Cap USD Index NTR. Their fees differ too: 0.55% for AUCO.L and 0.10% for LGJP.L.
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