CSJP.L vs. LGJP.L
CSJP.L (iShares MSCI Japan UCITS ETF USD (Acc)) and LGJP.L (L&G Japan Equity UCITS ETF USD (Acc)) are both Japan Equities funds - CSJP.L tracks the TOPIX TR JPY while LGJP.L tracks the Solactive Core Japan Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, CSJP.L returned 9.21%/yr vs 9.50%/yr for LGJP.L. Their correlation of 0.93 suggests significant overlap in exposure. CSJP.L charges 0.48%/yr vs 0.10%/yr for LGJP.L.
Performance
CSJP.L vs. LGJP.L - Performance Comparison
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Different Trading Currencies
CSJP.L is traded in GBp, while LGJP.L is traded in USD. To make them comparable, the LGJP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CSJP.L having a 12.42% return and LGJP.L slightly higher at 12.60%.
CSJP.L
- 1D
- -2.12%
- 1M
- -6.12%
- 6M
- 5.57%
- YTD
- 12.42%
- 1Y
- 30.00%
- 3Y*
- 15.02%
- 5Y*
- 9.21%
- 10Y*
- 8.59%
LGJP.L
- 1D
- -1.94%
- 1M
- -5.49%
- 6M
- 5.89%
- YTD
- 12.60%
- 1Y
- 29.38%
- 3Y*
- 15.18%
- 5Y*
- 9.50%
- 10Y*
- —
CSJP.L vs. LGJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CSJP.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.42% | 17.48% | 9.01% | 13.68% | -7.33% | 1.76% | 12.16% | 13.94% | -5.04% |
LGJP.L L&G Japan Equity UCITS ETF USD (Acc) | 12.60% | 16.72% | 10.25% | 14.24% | -6.86% | 2.01% | 13.16% | 14.08% | -5.47% |
Correlation
The correlation between CSJP.L and LGJP.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.93 |
The correlation between CSJP.L and LGJP.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
CSJP.L vs. LGJP.L — Risk / Return Rank
CSJP.L
LGJP.L
CSJP.L vs. LGJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.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.
| CSJP.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 2.72 | +0.13 |
| Martin ratioReturn relative to average drawdown | 8.52 | 8.34 | +0.18 |
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Drawdowns
CSJP.L vs. LGJP.L - Drawdown Comparison
The maximum CSJP.L drawdown since its inception was -36.79%, which is greater than LGJP.L's maximum drawdown of -23.10%. Use the drawdown chart below to compare losses from any high point for CSJP.L and LGJP.L.
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Drawdown Indicators
| CSJP.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.79% | -23.10% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -10.76% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -13.79% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.68% | -18.15% | -0.53% |
Max Drawdown (10Y)Largest decline over 10 years | -24.31% | — | — |
Current DrawdownCurrent decline from peak | -8.40% | -6.88% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -9.91% | -4.98% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 3.51% | 0.00% |
Volatility
CSJP.L vs. LGJP.L - Volatility Comparison
iShares MSCI Japan UCITS ETF USD (Acc) (CSJP.L) and L&G Japan Equity UCITS ETF USD (Acc) (LGJP.L) have volatilities of 6.52% and 6.47%, 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
| CSJP.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 6.47% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 17.01% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.60% | 20.11% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 16.82% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.00% | 17.44% | -1.44% |
CSJP.L vs. LGJP.L - Expense Ratio Comparison
CSJP.L has a 0.48% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
CSJP.L vs. LGJP.L - Dividend Comparison
Neither CSJP.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, CSJP.L and LGJP.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, 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 0.48% for CSJP.L.
CSJP.L tracks TOPIX TR JPY, while LGJP.L tracks Solactive Core Japan Large & Mid Cap USD Index NTR. They also come from different issuers: iShares and L&G. Their fees differ too: 0.48% for CSJP.L and 0.10% for LGJP.L.
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