IDJP.L vs. LGJP.L
IDJP.L (iShares MSCI Japan Small Cap UCITS ETF USD (Dist)) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - IDJP.L tracks the iShares MSCI Japan Small Cap UCITS ETF USD (Dist) while LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, IDJP.L returned 7.67%/yr vs 9.51%/yr for LGJP.L. Their correlation of 0.88 suggests significant overlap in exposure. IDJP.L charges 0.58%/yr vs 0.10%/yr for LGJP.L.
Performance
IDJP.L vs. LGJP.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IDJP.L having a 14.93% return and LGJP.L slightly higher at 15.08%.
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%
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
IDJP.L vs. LGJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IDJP.L iShares MSCI Japan Small Cap UCITS ETF USD (Dist) | 14.93% | 29.69% | 3.33% | 13.53% | -12.68% | -3.28% | 8.14% | 17.67% | -8.41% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 16.58% | 18.59% | -7.06% |
Correlation
The correlation between IDJP.L and LGJP.L is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.88 |
The correlation between IDJP.L and LGJP.L has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
IDJP.L vs. LGJP.L — Risk / Return Rank
IDJP.L
LGJP.L
IDJP.L vs. LGJP.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 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.
| IDJP.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.53 | -0.17 |
| Martin ratioReturn relative to average drawdown | 7.52 | 8.18 | -0.66 |
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Drawdowns
IDJP.L vs. LGJP.L - Drawdown Comparison
The maximum IDJP.L drawdown since its inception was -39.64%, which is greater than LGJP.L's maximum drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for IDJP.L and LGJP.L.
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Drawdown Indicators
| IDJP.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -32.19% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.50% | -13.20% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -12.50% | -14.30% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.90% | -32.19% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -2.99% | -3.27% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -10.77% | -7.57% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.08% | -0.16% |
Volatility
IDJP.L vs. LGJP.L - Volatility Comparison
The current volatility for iShares MSCI Japan Small Cap UCITS ETF USD (Dist) (IDJP.L) is 5.16%, while L&G Japan Equity UCITS ETF (LGJP.L) has a volatility of 6.42%. This indicates that IDJP.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
| IDJP.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 6.42% | -1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.76% | 17.61% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 21.09% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.33% | 18.15% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.65% | 18.30% | -1.65% |
IDJP.L vs. LGJP.L - Expense Ratio Comparison
IDJP.L has a 0.58% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
IDJP.L vs. LGJP.L - Dividend Comparison
IDJP.L's dividend yield for the trailing twelve months is around 1.85%, while LGJP.L has not paid dividends to shareholders.
| 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% |
LGJP.L L&G 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
IDJP.L and LGJP.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.58% for IDJP.L.
IDJP.L tracks iShares MSCI Japan Small Cap UCITS ETF USD (Dist), while LGJP.L tracks L&G Japan Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.58% for IDJP.L and 0.10% for LGJP.L.
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