EEJD.L vs. LGAP.L
EEJD.L (iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist)) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Japan Equities funds - EEJD.L tracks the MSCI Japan ESG Enhanced CTB Index while LGAP.L tracks the L&G Asia Pacific ex Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, EEJD.L returned 8.78%/yr vs 5.54%/yr for LGAP.L. A 0.67 correlation means they provide meaningful diversification when combined. EEJD.L charges 0.15%/yr vs 0.10%/yr for LGAP.L.
Performance
EEJD.L vs. LGAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, EEJD.L achieves a 16.29% return, which is significantly higher than LGAP.L's 9.64% return.
EEJD.L
- 1D
- -1.02%
- 1M
- -0.60%
- 6M
- 9.97%
- YTD
- 16.29%
- 1Y
- 36.05%
- 3Y*
- 17.05%
- 5Y*
- 8.78%
- 10Y*
- —
LGAP.L
- 1D
- -0.40%
- 1M
- 0.61%
- 6M
- 7.65%
- YTD
- 9.64%
- 1Y
- 15.23%
- 3Y*
- 12.38%
- 5Y*
- 5.54%
- 10Y*
- —
EEJD.L vs. LGAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 16.29% | 26.10% | 4.67% | 19.98% | -17.73% | 0.41% | 17.33% | 15.33% |
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF | 9.64% | 20.97% | 4.67% | 4.82% | -5.65% | 2.87% | 8.44% | 7.10% |
Correlation
The correlation between EEJD.L and LGAP.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | 0.67 |
The correlation between EEJD.L and LGAP.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.
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Return for Risk
EEJD.L vs. LGAP.L — Risk / Return Rank
EEJD.L
LGAP.L
EEJD.L vs. LGAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) and L&G Asia Pacific ex Japan Equity UCITS ETF (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.
| EEJD.L | LGAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.72 | +1.06 |
| Martin ratioReturn relative to average drawdown | 9.14 | 4.58 | +4.56 |
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Drawdowns
EEJD.L vs. LGAP.L - Drawdown Comparison
The maximum EEJD.L drawdown since its inception was -32.93%, smaller than the maximum LGAP.L drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for EEJD.L and LGAP.L.
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Drawdown Indicators
| EEJD.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.93% | -38.56% | +5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -8.50% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -19.01% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.93% | -24.31% | -8.62% |
Current DrawdownCurrent decline from peak | -3.82% | -2.20% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -8.12% | -7.75% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.21% | +0.74% |
Volatility
EEJD.L vs. LGAP.L - Volatility Comparison
iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) (EEJD.L) has a higher volatility of 6.68% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) at 3.45%. This indicates that EEJD.L's price experiences larger fluctuations and is considered to be riskier 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
| EEJD.L | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 3.45% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 11.66% | +6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 14.03% | +8.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 17.46% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.79% | 19.26% | -0.47% |
EEJD.L vs. LGAP.L - Expense Ratio Comparison
EEJD.L has a 0.15% 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
EEJD.L vs. LGAP.L - Dividend Comparison
EEJD.L's dividend yield for the trailing twelve months is around 1.45%, while LGAP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EEJD.L iShares MSCI Japan CTB Enhanced ESG UCITS ETF USD (Dist) | 1.45% | 1.58% | 1.83% | 1.74% | 2.13% | 1.71% | 1.55% | 1.73% |
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEJD.L and LGAP.L have a correlation of 0.65, 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 0.15% for EEJD.L.
EEJD.L tracks MSCI Japan ESG Enhanced CTB Index, while LGAP.L tracks L&G Asia Pacific ex Japan Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.15% for EEJD.L and 0.10% for LGAP.L.
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