HSJD.L vs. LGJG.L
HSJD.L (HSBC Japan Screened Equity UCITS ETF) and LGJG.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - HSJD.L tracks the HSBC Japan Screened Equity UCITS ETF while LGJG.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, HSJD.L returned 10.56%/yr vs 9.78%/yr for LGJG.L. Their correlation of 0.92 suggests significant overlap in exposure. HSJD.L charges 0.18%/yr vs 0.10%/yr for LGJG.L.
Performance
HSJD.L vs. LGJG.L - Performance Comparison
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Different Trading Currencies
HSJD.L is traded in USD, while LGJG.L is traded in GBp. To make them comparable, the LGJG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, HSJD.L achieves a 13.03% return, which is significantly lower than LGJG.L's 16.04% return.
HSJD.L
- 1D
- -0.70%
- 1M
- 0.36%
- 6M
- 6.81%
- YTD
- 13.03%
- 1Y
- 34.57%
- 3Y*
- 19.20%
- 5Y*
- 10.56%
- 10Y*
- —
LGJG.L
- 1D
- -0.65%
- 1M
- 0.84%
- 6M
- 10.49%
- YTD
- 16.04%
- 1Y
- 35.34%
- 3Y*
- 18.24%
- 5Y*
- 9.78%
- 10Y*
- —
HSJD.L vs. LGJG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSJD.L HSBC Japan Screened Equity UCITS ETF | 13.03% | 26.99% | 12.16% | 19.62% | -15.38% | 3.24% | 22.05% |
LGJG.L L&G Japan Equity UCITS ETF | 16.04% | 26.32% | 8.18% | 19.64% | -16.80% | 1.36% | 21.07% |
Correlation
The correlation between HSJD.L and LGJG.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.92 |
The correlation between HSJD.L and LGJG.L has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
HSJD.L vs. LGJG.L — Risk / Return Rank
HSJD.L
LGJG.L
HSJD.L vs. LGJG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Japan Screened Equity UCITS ETF (HSJD.L) and L&G Japan Equity UCITS ETF (LGJG.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.
| HSJD.L | LGJG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.66 | -0.25 |
| Martin ratioReturn relative to average drawdown | 7.22 | 8.86 | -1.64 |
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Drawdowns
HSJD.L vs. LGJG.L - Drawdown Comparison
The maximum HSJD.L drawdown since its inception was -30.50%, smaller than the maximum LGJG.L drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for HSJD.L and LGJG.L.
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Drawdown Indicators
| HSJD.L | LGJG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.50% | -36.86% | +6.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -13.22% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -18.70% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -32.41% | +1.91% |
Current DrawdownCurrent decline from peak | -1.89% | -2.26% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -12.63% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 3.98% | +0.78% |
Volatility
HSJD.L vs. LGJG.L - Volatility Comparison
The current volatility for HSBC Japan Screened Equity UCITS ETF (HSJD.L) is 5.22%, while L&G Japan Equity UCITS ETF (LGJG.L) has a volatility of 6.30%. This indicates that HSJD.L experiences smaller price fluctuations and is considered to be less risky than LGJG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSJD.L | LGJG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 6.30% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 16.59% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 20.31% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 22.57% | -4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 22.81% | -4.90% |
HSJD.L vs. LGJG.L - Expense Ratio Comparison
HSJD.L has a 0.18% expense ratio, which is higher than LGJG.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
HSJD.L vs. LGJG.L - Dividend Comparison
Neither HSJD.L nor LGJG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, HSJD.L and LGJG.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, LGJG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJG.L is cheaper with a 0.10% expense ratio, compared with 0.18% for HSJD.L.
HSJD.L tracks HSBC Japan Screened Equity UCITS ETF, while LGJG.L tracks TOPIX TR JPY. They also come from different issuers: HSBC and Legal & General. Their fees differ too: 0.18% for HSJD.L and 0.10% for LGJG.L.
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