IDJP.L vs. LDAP.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) are both Japan Equities funds - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while LDAP.L tracks the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 5 years, IDJP.L returned 7.67%/yr vs 9.64%/yr for LDAP.L. A 0.58 correlation means they provide meaningful diversification when combined. IDJP.L charges 0.58%/yr vs 0.40%/yr for LDAP.L.
Performance
IDJP.L vs. LDAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDJP.L achieves a 14.93% return, which is significantly lower than LDAP.L's 17.12% return.
IDJP.L
- 1D
- -0.80%
- 1M
- 0.34%
- 6M
- 10.43%
- YTD
- 14.93%
- 1Y
- 29.94%
- 3Y*
- 17.35%
- 5Y*
- 7.67%
- 10Y*
- 7.93%
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
IDJP.L vs. LDAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 14.93% | 29.69% | 3.33% | 13.53% | -12.68% | -7.19% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 17.12% | 35.59% | 3.81% | 9.13% | -8.93% | -99.00% |
Correlation
The correlation between IDJP.L and LDAP.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.58 |
The correlation between IDJP.L and LDAP.L shifts across timeframes, from 0.48 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IDJP.L vs. LDAP.L — Risk / Return Rank
IDJP.L
LDAP.L
IDJP.L vs. LDAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) and L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.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.
| IDJP.L | LDAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.31 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.52 | 6.22 | +1.30 |
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Drawdowns
IDJP.L vs. LDAP.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, smaller than the maximum LDAP.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for IDJP.L and LDAP.L.
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Drawdown Indicators
| IDJP.L | LDAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -99.33% | +59.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -10.85% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -24.47% | +11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -34.61% | +1.71% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -98.38% | +95.39% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -98.71% | +87.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.04% | -0.12% |
Volatility
IDJP.L vs. LDAP.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) has a higher volatility of 5.16% compared to L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) at 4.91%. This indicates that IDJP.L's price experiences larger fluctuations and is considered to be riskier than LDAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDJP.L | LDAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.91% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 13.37% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 15.84% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 28.07% | -11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 51.15% | -34.50% |
IDJP.L vs. LDAP.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than LDAP.L's 0.40% expense ratio.
Dividends
IDJP.L vs. LDAP.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, less than LDAP.L's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 1.85% | 1.77% | 1.77% | 1.77% | 2.08% | 1.55% | 1.48% | 1.47% | 1.45% | 1.21% | 1.20% | 0.72% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 3.83% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDJP.L and LDAP.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAP.L is cheaper with a 0.40% expense ratio, compared with 0.58% for IDJP.L.
IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.58% for IDJP.L and 0.40% for LDAP.L.
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