DXJA.L vs. LGJP.L

Last updated Jul 16, 2026

DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index while LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, DXJA.L returned 27.43%/yr vs 9.51%/yr for LGJP.L. Their correlation of 0.80 suggests significant overlap in exposure. DXJA.L charges 0.48%/yr vs 0.10%/yr for LGJP.L.

Performance

DXJA.L vs. LGJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) and L&G Japan Equity UCITS ETF (LGJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DXJA.L achieves a 23.53% return, which is significantly higher than LGJP.L's 15.08% return.

DXJA.L

• 1D: -0.74%
• 1M: 2.08%
• 6M: 15.31%
• YTD: 23.53%
• 1Y: 55.91%
• 3Y*: 33.11%
• 5Y*: 27.43%
• 10Y*: —

LGJP.L

• 1D: -0.68%
• 1M: -0.39%
• 6M: 9.30%
• YTD: 15.08%
• 1Y: 33.92%
• 3Y*: 17.92%
• 5Y*: 9.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXJA.L vs. LGJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc	23.53%	33.46%	28.94%	41.24%	6.24%	17.35%	4.48%	17.49%	-12.30%
LGJP.L L&G Japan Equity UCITS ETF	15.08%	25.67%	8.35%	20.25%	-16.76%	1.05%	16.58%	18.59%	-7.06%

Correlation

The correlation between DXJA.L and LGJP.L is 0.86, 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	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.80

The correlation between DXJA.L and LGJP.L has been stable across timeframes, ranging from 0.78 to 0.86 - a consistent structural relationship.

Return for Risk

DXJA.L vs. LGJP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXJA.L

DXJA.L Risk / Return Rank: 93
DXJA.L Sharpe Ratio Rank: 94
DXJA.L Sortino Ratio Rank: 92
DXJA.L Omega Ratio Rank: 92
DXJA.L Calmar Ratio Rank: 94
DXJA.L Martin Ratio Rank: 93

LGJP.L

LGJP.L Risk / Return Rank: 60
LGJP.L Sharpe Ratio Rank: 58
LGJP.L Sortino Ratio Rank: 59
LGJP.L Omega Ratio Rank: 59
LGJP.L Calmar Ratio Rank: 63
LGJP.L Martin Ratio Rank: 59

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.

DXJA.L vs. LGJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) and L&G Japan Equity UCITS ETF (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.

	DXJA.L	LGJP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.77	1.58	+1.18
Sortino ratio: Return per unit of downside risk	3.65	2.28	+1.37
Omega ratio: Gain probability vs. loss probability	1.49	1.29	+0.20
Calmar ratio: Return relative to maximum drawdown	5.51	2.53	+2.98
Martin ratio: Return relative to average drawdown	18.98	8.18	+10.80

DXJA.L vs. LGJP.L - Sharpe Ratio Comparison

The current DXJA.L Sharpe Ratio is 2.77, which is higher than the LGJP.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of DXJA.L and LGJP.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.

Drawdowns

DXJA.L vs. LGJP.L - Drawdown Comparison

The maximum DXJA.L drawdown since its inception was -37.51%, 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 DXJA.L and LGJP.L.

Drawdown Indicators

	DXJA.L	LGJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-32.19%	-5.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.10%	-13.20%	+3.10%
Max Drawdown (3Y) Largest decline over 3 years	-23.01%	-14.30%	-8.71%
Max Drawdown (5Y) Largest decline over 5 years	-23.01%	-32.19%	+9.18%
Current Drawdown Current decline from peak	-1.57%	-3.27%	+1.70%
Average Drawdown Average peak-to-trough decline	-6.66%	-7.57%	+0.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	4.08%	-1.14%

Volatility

DXJA.L vs. LGJP.L - Volatility Comparison

The current volatility for WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) is 5.86%, while L&G Japan Equity UCITS ETF (LGJP.L) has a volatility of 6.42%. This indicates that DXJA.L experiences smaller price fluctuations and is considered to be less risky than LGJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXJA.L	LGJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	6.42%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	16.15%	17.61%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	20.12%	21.09%	-0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.40%	18.15%	+1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.24%	18.30%	+0.94%

DXJA.L vs. LGJP.L - Expense Ratio Comparison

DXJA.L has a 0.48% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.

Dividends

DXJA.L vs. LGJP.L - Dividend Comparison

Neither DXJA.L nor LGJP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DXJA.L and LGJP.L in my portfolio?

DXJA.L and LGJP.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DXJA.L or LGJP.L?

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.

Which ETF is cheaper, DXJA.L or LGJP.L?

LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.48% for DXJA.L.

What is the main difference between DXJA.L and LGJP.L?

DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index, while LGJP.L tracks L&G Japan Equity UCITS ETF. They also come from different issuers: WisdomTree and L&G. Their fees differ too: 0.48% for DXJA.L and 0.10% for LGJP.L.