CPJ1.L vs. LGAP.L
CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) are both Asia Pacific Equities funds - CPJ1.L tracks the MSCI Pacific Ex Japan 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, CPJ1.L returned 6.45%/yr vs 5.84%/yr for LGAP.L. Their correlation of 0.91 suggests significant overlap in exposure. CPJ1.L charges 0.20%/yr vs 0.10%/yr for LGAP.L.
Performance
CPJ1.L vs. LGAP.L - Performance Comparison
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Different Trading Currencies
CPJ1.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, CPJ1.L achieves a 10.26% return, which is significantly higher than LGAP.L's 8.82% return.
CPJ1.L
- 1D
- -0.29%
- 1M
- -0.18%
- 6M
- 7.44%
- YTD
- 10.26%
- 1Y
- 14.70%
- 3Y*
- 11.56%
- 5Y*
- 6.45%
- 10Y*
- 7.30%
LGAP.L
- 1D
- -0.79%
- 1M
- -2.17%
- 6M
- 5.38%
- YTD
- 8.82%
- 1Y
- 13.02%
- 3Y*
- 10.73%
- 5Y*
- 5.84%
- 10Y*
- —
CPJ1.L vs. LGAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 10.26% | 12.05% | 6.89% | 0.15% | 4.86% | 5.71% | 3.46% | 14.30% | -0.99% |
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 CPJ1.L and LGAP.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.91 |
The correlation between CPJ1.L and LGAP.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
CPJ1.L vs. LGAP.L — Risk / Return Rank
CPJ1.L
LGAP.L
CPJ1.L vs. LGAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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.
| CPJ1.L | LGAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 1.84 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.50 | 4.79 | +0.71 |
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Drawdowns
CPJ1.L vs. LGAP.L - Drawdown Comparison
The maximum CPJ1.L drawdown since its inception was -32.49%, roughly equal to the maximum LGAP.L drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for CPJ1.L and LGAP.L.
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Drawdown Indicators
| CPJ1.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.49% | -32.02% | -0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -7.06% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -17.57% | -3.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -18.59% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -32.49% | — | — |
Current DrawdownCurrent decline from peak | -1.70% | -2.86% | +1.16% |
Average DrawdownAverage peak-to-trough decline | -7.35% | -5.98% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.71% | -0.04% |
Volatility
CPJ1.L vs. LGAP.L - Volatility Comparison
The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) is 2.25%, while L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) has a volatility of 3.00%. This indicates that CPJ1.L experiences smaller price fluctuations and is considered to be less risky 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
| CPJ1.L | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 3.00% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 10.48% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.38% | 12.70% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 15.20% | +4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.53% | +1.00% |
CPJ1.L vs. LGAP.L - Expense Ratio Comparison
CPJ1.L has a 0.20% expense ratio, which is higher than LGAP.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CPJ1.L vs. LGAP.L - Dividend Comparison
Neither CPJ1.L nor LGAP.L has paid dividends to shareholders.
Frequently Asked Questions
CPJ1.L and LGAP.L have a correlation of 0.89, 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 0.20% for CPJ1.L.
CPJ1.L tracks MSCI Pacific Ex Japan 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: iShares and L&G. Their fees differ too: 0.20% for CPJ1.L and 0.10% for LGAP.L.
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