IDFF.L vs. LGAP.L
IDFF.L (iShares MSCI AC Far East ex-Japan UCITS ETF) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Japan Equities funds - IDFF.L tracks the iShares MSCI AC Far East ex-Japan UCITS ETF while LGAP.L tracks the L&G Asia Pacific ex Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, IDFF.L returned 7.12%/yr vs 5.54%/yr for LGAP.L. A 0.77 correlation means they provide meaningful diversification when combined. IDFF.L charges 0.74%/yr vs 0.10%/yr for LGAP.L.
Performance
IDFF.L vs. LGAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDFF.L achieves a 26.95% return, which is significantly higher than LGAP.L's 9.64% return.
IDFF.L
- 1D
- -1.70%
- 1M
- -8.33%
- 6M
- 18.87%
- YTD
- 26.95%
- 1Y
- 48.14%
- 3Y*
- 24.00%
- 5Y*
- 7.12%
- 10Y*
- 9.66%
LGAP.L
- 1D
- -0.40%
- 1M
- 0.61%
- 6M
- 7.65%
- YTD
- 9.64%
- 1Y
- 15.23%
- 3Y*
- 12.38%
- 5Y*
- 5.54%
- 10Y*
- —
IDFF.L vs. LGAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 26.95% | 39.49% | 12.16% | 1.47% | -21.79% | -9.20% | 25.91% | 17.27% | -1.69% |
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% | 17.78% | -1.30% |
Correlation
The correlation between IDFF.L and LGAP.L is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.77 |
The correlation between IDFF.L and LGAP.L shifts across timeframes, from 0.67 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IDFF.L vs. LGAP.L — Risk / Return Rank
IDFF.L
LGAP.L
IDFF.L vs. LGAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.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.
| IDFF.L | LGAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.19 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.72 | +2.07 |
| Martin ratioReturn relative to average drawdown | 11.11 | 4.58 | +6.53 |
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Drawdowns
IDFF.L vs. LGAP.L - Drawdown Comparison
The maximum IDFF.L drawdown since its inception was -64.08%, which is greater than LGAP.L's maximum drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for IDFF.L and LGAP.L.
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Drawdown Indicators
| IDFF.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.08% | -38.56% | -25.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.63% | -8.50% | -4.13% |
Max Drawdown (3Y)Largest decline over 3 years | -19.77% | -19.01% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -43.71% | -24.31% | -19.40% |
Max Drawdown (10Y)Largest decline over 10 years | -50.09% | — | — |
Current DrawdownCurrent decline from peak | -10.89% | -2.20% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -7.75% | -10.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.32% | 3.21% | +1.11% |
Volatility
IDFF.L vs. LGAP.L - Volatility Comparison
iShares MSCI AC Far East ex-Japan UCITS ETF (IDFF.L) has a higher volatility of 10.68% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) at 3.45%. This indicates that IDFF.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
| IDFF.L | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.68% | 3.45% | +7.23% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 11.66% | +10.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.77% | 14.03% | +10.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.32% | 17.46% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.81% | 19.26% | +1.55% |
IDFF.L vs. LGAP.L - Expense Ratio Comparison
IDFF.L has a 0.74% expense ratio, which is higher than LGAP.L's 0.10% expense ratio.
Dividends
IDFF.L vs. LGAP.L - Dividend Comparison
IDFF.L's dividend yield for the trailing twelve months is around 1.10%, while LGAP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDFF.L iShares MSCI AC Far East ex-Japan UCITS ETF | 1.10% | 1.46% | 1.85% | 1.85% | 2.07% | 1.39% | 1.13% | 1.67% | 2.04% | 1.50% | 1.92% | 2.29% |
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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDFF.L and LGAP.L have a correlation of 0.67, 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 0.74% for IDFF.L.
IDFF.L tracks iShares MSCI AC Far East ex-Japan UCITS ETF, 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: 0.74% for IDFF.L and 0.10% for LGAP.L.
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