HSJD.L vs. LGJP.L
HSJD.L (HSBC Japan Screened Equity UCITS ETF) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - HSJD.L tracks the HSBC Japan Screened Equity UCITS ETF while LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, HSJD.L returned 10.56%/yr vs 9.51%/yr for LGJP.L. With a 0.97 correlation, they move nearly in lockstep. HSJD.L charges 0.18%/yr vs 0.10%/yr for LGJP.L.
Performance
HSJD.L vs. LGJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, HSJD.L achieves a 13.03% return, which is significantly lower than LGJP.L's 15.08% 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*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
HSJD.L vs. LGJP.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% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 20.75% |
Correlation
The correlation between HSJD.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.97 |
The correlation between HSJD.L and LGJP.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
HSJD.L vs. LGJP.L — Risk / Return Rank
HSJD.L
LGJP.L
HSJD.L vs. LGJP.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 (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.
| HSJD.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 2.53 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.22 | 8.18 | -0.96 |
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Drawdowns
HSJD.L vs. LGJP.L - Drawdown Comparison
The maximum HSJD.L drawdown since its inception was -30.50%, smaller than the maximum LGJP.L drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for HSJD.L and LGJP.L.
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Drawdown Indicators
| HSJD.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.50% | -32.19% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.22% | -13.20% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -14.30% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -30.50% | -32.19% | +1.69% |
Current DrawdownCurrent decline from peak | -1.89% | -3.27% | +1.38% |
Average DrawdownAverage peak-to-trough decline | -7.51% | -7.57% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.76% | 4.08% | +0.68% |
Volatility
HSJD.L vs. LGJP.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 (LGJP.L) has a volatility of 6.42%. This indicates that HSJD.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.
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Volatility by Period
| HSJD.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.22% | 6.42% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 17.61% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.97% | 21.09% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.40% | 18.15% | +0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 18.30% | -0.39% |
HSJD.L vs. LGJP.L - Expense Ratio Comparison
HSJD.L has a 0.18% expense ratio, which is higher than LGJP.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. LGJP.L - Dividend Comparison
Neither HSJD.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, HSJD.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 0.18% for HSJD.L.
HSJD.L tracks HSBC Japan Screened Equity UCITS ETF, while LGJP.L tracks L&G Japan Equity UCITS ETF. They also come from different issuers: HSBC and L&G. Their fees differ too: 0.18% for HSJD.L and 0.10% for LGJP.L.
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