EEJG.L vs. LCJP.L

Last updated Jun 5, 2026

EEJG.L (iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)) and LCJP.L (Amundi MSCI Japan UCITS ETF Acc) are both Japan Equities funds tracking the TOPIX TR JPY, from iShares and Amundi respectively. Both are passively managed. Over the past 5 years, EEJG.L returned 9.31%/yr vs 10.26%/yr for LCJP.L. With a 0.98 correlation, they move nearly in lockstep. EEJG.L charges 0.15%/yr vs 0.12%/yr for LCJP.L.

Performance

EEJG.L vs. LCJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and Amundi MSCI Japan UCITS ETF Acc (LCJP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EEJG.L having a 15.84% return and LCJP.L slightly higher at 16.47%.

EEJG.L

• 1D: -0.30%
• 1M: 5.45%
• YTD: 15.84%
• 6M: 15.60%
• 1Y: 34.38%
• 3Y*: 14.25%
• 5Y*: 9.31%
• 10Y*: —

LCJP.L

• 1D: -0.28%
• 1M: 3.99%
• YTD: 16.47%
• 6M: 15.75%
• 1Y: 35.49%
• 3Y*: 15.67%
• 5Y*: 10.26%
• 10Y*: —

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

EEJG.L vs. LCJP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	15.84%	17.60%	6.43%	13.48%	-8.04%	1.83%	19.79%
LCJP.L Amundi MSCI Japan UCITS ETF Acc	16.47%	17.61%	8.90%	14.05%	-7.13%	2.24%	19.06%

Correlation

The correlation between EEJG.L and LCJP.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 29, 2020	0.98

The correlation between EEJG.L and LCJP.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

EEJG.L vs. LCJP.L - Sectors Allocation Comparison

Sectors	EEJG.L	LCJP.L
Industrials	22.9%	26.0%
Technology	22.2%	19.1%
Financial Services	21.1%	17.5%
Consumer Cyclical	10.4%	12.1%
Healthcare	8.5%	6.3%
Communication Services	8.4%	7.9%
Real Estate	4.0%	2.3%
Basic Materials	1.4%	3.0%
Consumer Defensive	0.8%	3.6%
Energy	0.1%	1.1%
Utilities	0.1%	1.1%

Return for Risk

EEJG.L vs. LCJP.L — Risk / Return Rank

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

EEJG.L

EEJG.L Risk / Return Rank: 57
EEJG.L Sharpe Ratio Rank: 54
EEJG.L Sortino Ratio Rank: 55
EEJG.L Omega Ratio Rank: 58
EEJG.L Calmar Ratio Rank: 61
EEJG.L Martin Ratio Rank: 57

LCJP.L

LCJP.L Risk / Return Rank: 59
LCJP.L Sharpe Ratio Rank: 54
LCJP.L Sortino Ratio Rank: 56
LCJP.L Omega Ratio Rank: 58
LCJP.L Calmar Ratio Rank: 66
LCJP.L Martin Ratio Rank: 58

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.

EEJG.L vs. LCJP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) and Amundi MSCI Japan UCITS ETF Acc (LCJP.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.

	EEJG.L	LCJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.84	-0.02
Sortino ratio: Return per unit of downside risk	2.62	2.64	-0.02
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	3.01	3.21	-0.21
Martin ratio: Return relative to average drawdown	9.84	10.25	-0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEJG.L vs. LCJP.L - Sharpe Ratio Comparison

The current EEJG.L Sharpe Ratio is 1.82, which is comparable to the LCJP.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of EEJG.L and LCJP.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.

Sharpe Ratios by Period

	EEJG.L	LCJP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.84	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.64	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.52	+0.15

Drawdowns

EEJG.L vs. LCJP.L - Drawdown Comparison

The maximum EEJG.L drawdown since its inception was -19.37%, smaller than the maximum LCJP.L drawdown of -26.61%. Use the drawdown chart below to compare losses from any high point for EEJG.L and LCJP.L.

Drawdown Indicators

	EEJG.L	LCJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-26.61%	+7.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.39%	-10.64%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-13.99%	-14.62%	+0.63%
Max Drawdown (5Y) Largest decline over 5 years	-19.37%	-18.58%	-0.79%
Current Drawdown Current decline from peak	-0.30%	-0.28%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.78%	-5.49%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.34%	+0.14%

Volatility

EEJG.L vs. LCJP.L - Volatility Comparison

iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist) (EEJG.L) has a higher volatility of 4.29% compared to Amundi MSCI Japan UCITS ETF Acc (LCJP.L) at 3.73%. This indicates that EEJG.L's price experiences larger fluctuations and is considered to be riskier than LCJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEJG.L	LCJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	3.73%	+0.56%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	15.10%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	18.80%	18.58%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	15.97%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	16.82%	-0.83%

EEJG.L vs. LCJP.L - Expense Ratio Comparison

EEJG.L has a 0.15% expense ratio, which is higher than LCJP.L's 0.12% 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

EEJG.L vs. LCJP.L - Dividend Comparison

EEJG.L's dividend yield for the trailing twelve months is around 1.36%, while LCJP.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
EEJG.L iShares MSCI Japan ESG Enhanced UCITS ETF USD (Dist)	1.36%	1.57%	1.81%	1.74%	2.10%	1.69%	1.64%
LCJP.L Amundi MSCI Japan UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EEJG.L and LCJP.L in my portfolio?

With a correlation of 0.98, EEJG.L and LCJP.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.

Which ETF is better, EEJG.L or LCJP.L?

On fees, LCJP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEJG.L or LCJP.L?

LCJP.L is cheaper with a 0.12% expense ratio, compared with 0.15% for EEJG.L.

What is the main difference between EEJG.L and LCJP.L?

Both ETFs track TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.15% for EEJG.L and 0.12% for LCJP.L.