CJPU.L vs. LCJP.L
CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) and LCJP.L (Amundi MSCI Japan UCITS ETF Acc) are both Japan Equities funds - CJPU.L tracks the MSCI Japan Index (Net) while LCJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, CJPU.L returned 8.69%/yr vs 8.87%/yr for LCJP.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.
Performance
CJPU.L vs. LCJP.L - Performance Comparison
Loading charts...
Different Trading Currencies
CJPU.L is traded in USD, while LCJP.L is traded in GBP. To make them comparable, the LCJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CJPU.L having a 12.44% return and LCJP.L slightly lower at 12.33%.
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
LCJP.L
- 1D
- -2.37%
- 1M
- -4.94%
- 6M
- 6.13%
- YTD
- 12.33%
- 1Y
- 30.23%
- 3Y*
- 16.24%
- 5Y*
- 8.87%
- 10Y*
- —
CJPU.L vs. LCJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -16.14% |
LCJP.L Amundi MSCI Japan UCITS ETF Acc | 12.33% | 26.43% | 7.09% | 20.11% | -17.06% | 1.31% | 15.70% | 19.23% | -99.43% |
Correlation
The correlation between CJPU.L and LCJP.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2018 | 0.92 |
The correlation between CJPU.L and LCJP.L has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CJPU.L vs. LCJP.L — Risk / Return Rank
CJPU.L
LCJP.L
CJPU.L vs. LCJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and Amundi MSCI Japan UCITS ETF Acc (LCJP.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.
| CJPU.L | LCJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 2.33 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.70 | 7.52 | +0.19 |
Loading charts...
Drawdowns
CJPU.L vs. LCJP.L - Drawdown Comparison
The maximum CJPU.L drawdown since its inception was -32.64%, smaller than the maximum LCJP.L drawdown of -99.51%. Use the drawdown chart below to compare losses from any high point for CJPU.L and LCJP.L.
Loading charts...
Drawdown Indicators
| CJPU.L | LCJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.64% | -99.51% | +66.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.79% | -12.93% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -15.23% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -32.64% | -32.66% | +0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -32.64% | — | — |
Current DrawdownCurrent decline from peak | -7.07% | -98.79% | +91.72% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -98.49% | +92.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 4.01% | -0.07% |
Volatility
CJPU.L vs. LCJP.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) and Amundi MSCI Japan UCITS ETF Acc (LCJP.L) have volatilities of 7.14% and 6.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CJPU.L | LCJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.14% | 6.95% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 18.29% | 17.84% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 21.50% | +0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.44% | 18.41% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 38.92% | -21.80% |
CJPU.L vs. LCJP.L - Expense Ratio Comparison
Both CJPU.L and LCJP.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CJPU.L vs. LCJP.L - Dividend Comparison
Neither CJPU.L nor LCJP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, CJPU.L and LCJP.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L and LCJP.L have the same expense ratio: 0.12% per year.
CJPU.L tracks MSCI Japan Index (Net), while LCJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi.
Find the right allocation for CJPU.L and LCJP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer