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CPXJ.L vs. LGAG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPXJ.L vs. LGAG.L

Last updated Jun 5, 2026

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from iShares and Legal & General respectively. Both are passively managed. Over the past 5 years, CPXJ.L returned 4.86%/yr vs 4.57%/yr for LGAG.L. Their correlation of 0.93 suggests significant overlap in exposure. CPXJ.L charges 0.20%/yr vs 0.10%/yr for LGAG.L.

Performance

CPXJ.L vs. LGAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) and L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CPXJ.L is traded in USD, while LGAG.L is traded in GBp. To make them comparable, the LGAG.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 CPXJ.L having a 8.57% return and LGAG.L slightly lower at 8.51%.

CPXJ.L

1D
-0.72%
1M
-0.61%
YTD
8.57%
6M
10.28%
1Y
16.16%
3Y*
13.47%
5Y*
4.86%
10Y*
7.73%

LGAG.L

1D
-0.64%
1M
-0.59%
YTD
8.51%
6M
10.11%
1Y
16.11%
3Y*
13.13%
5Y*
4.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXJ.L vs. LGAG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CPXJ.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.57%20.05%5.35%5.87%-5.98%4.27%6.80%18.07%-2.23%
LGAG.L
L&G Asia Pacific ex Japan Equity UCITS ETF		8.51%21.05%4.43%4.43%-5.68%3.20%8.01%18.66%-24.16%

Correlation

The correlation between CPXJ.L and LGAG.L is 0.93, 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

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2018

0.93

The correlation between CPXJ.L and LGAG.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

CPXJ.L vs. LGAG.L - Sectors Allocation Comparison

Sectors
CPXJ.L
LGAG.L

Financial Services

45.5%
41.2%

Basic Materials

15.5%
16.4%

Industrials

8.6%
9.2%

Real Estate

7.9%
8.6%

Consumer Cyclical

6.1%
6.4%

Utilities

3.6%
2.7%

Healthcare

3.2%
3.9%

Consumer Defensive

2.9%
3.1%

Communication Services

2.9%
3.7%

Energy

2.8%
3.1%

Technology

1.1%
1.9%

Financial Services

CPXJ.L
45.5%
LGAG.L
41.2%

Basic Materials

CPXJ.L
15.5%
LGAG.L
16.4%

Industrials

CPXJ.L
8.6%
LGAG.L
9.2%

Real Estate

CPXJ.L
7.9%
LGAG.L
8.6%

Consumer Cyclical

CPXJ.L
6.1%
LGAG.L
6.4%

Utilities

CPXJ.L
3.6%
LGAG.L
2.7%

Healthcare

CPXJ.L
3.2%
LGAG.L
3.9%

Consumer Defensive

CPXJ.L
2.9%
LGAG.L
3.1%

Communication Services

CPXJ.L
2.9%
LGAG.L
3.7%

Energy

CPXJ.L
2.8%
LGAG.L
3.1%

Technology

CPXJ.L
1.1%
LGAG.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc

L&G Asia Pacific ex Japan Equity UCITS ETF

Often compared with CPXJ.L:
CPXJ.L vs. CEMAT.COCPXJ.L vs. VFEA.DECPXJ.L vs. IWDA.LCPXJ.L vs. VUAA.LCPXJ.L vs. QTOPCPXJ.L vs. IJPN.LCPXJ.L vs. DRIV
Often compared with LGAG.L:
LGAG.L vs. ^SPLRCSLGAG.L vs. CPJ1.LLGAG.L vs. VDPG.LLGAG.L vs. SPY5.LLGAG.L vs. VXC.TOLGAG.L vs. ^GSPCLGAG.L vs. SPY

Return for Risk

CPXJ.L vs. LGAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPXJ.L
CPXJ.L Risk / Return Rank: 3636
Overall Rank
CPXJ.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
CPXJ.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
CPXJ.L Omega Ratio Rank: 3333
Omega Ratio Rank
CPXJ.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
CPXJ.L Martin Ratio Rank: 3838
Martin Ratio Rank
LGAG.L
LGAG.L Risk / Return Rank: 4646
Overall Rank
LGAG.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
LGAG.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
LGAG.L Omega Ratio Rank: 4444
Omega Ratio Rank
LGAG.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
LGAG.L Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CPXJ.L vs. LGAG.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 (CPXJ.L) and L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.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.

CPXJ.LLGAG.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.20

0.00

Sortino ratioReturn per unit of downside risk
1.87
1.86

+0.01

Omega ratioGain probability vs. loss probability

1.22

1.21

0.00

Calmar ratioReturn relative to maximum drawdown

1.89

1.82

+0.07

Martin ratioReturn relative to average drawdown

5.93

5.63

+0.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPXJ.L vs. LGAG.L - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.20, which is comparable to the LGAG.L Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of CPXJ.L and LGAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CPXJ.LLGAG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.20

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.20

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.17

+0.17

Drawdowns

CPXJ.L vs. LGAG.L - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, smaller than the maximum LGAG.L drawdown of -42.28%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and LGAG.L.

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Drawdown Indicators

CPXJ.LLGAG.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.92%

-42.28%

+3.36%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-8.81%

+0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-24.64%

+5.39%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-25.86%

+0.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.92%

—

—

Current Drawdown

Current decline from peak

-3.31%

-3.51%

+0.20%

Average Drawdown

Average peak-to-trough decline

-8.34%

-11.81%

+3.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

2.86%

-0.14%

Volatility

CPXJ.L vs. LGAG.L - Volatility Comparison

iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) and L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) have volatilities of 4.55% and 4.56%, 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.

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Volatility by Period

CPXJ.LLGAG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

4.56%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

10.73%

+0.12%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

13.35%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.30%

22.87%

-5.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

24.15%

-6.12%

CPXJ.L vs. LGAG.L - Expense Ratio Comparison

CPXJ.L has a 0.20% expense ratio, which is higher than LGAG.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

CPXJ.L vs. LGAG.L - Dividend Comparison

Neither CPXJ.L nor LGAG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.93, CPXJ.L and LGAG.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.

On fees, LGAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LGAG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for CPXJ.L.

Both ETFs track MSCI Pacific Ex Japan NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for CPXJ.L and 0.10% for LGAG.L.

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