IPXJ.L vs. LGJP.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) while LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, IPXJ.L returned 5.56%/yr vs 9.51%/yr for LGJP.L. A 0.67 correlation means they provide meaningful diversification when combined. IPXJ.L charges 0.60%/yr vs 0.10%/yr for LGJP.L.
Performance
IPXJ.L vs. LGJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPXJ.L achieves a 10.20% return, which is significantly lower than LGJP.L's 15.08% return.
IPXJ.L
- 1D
- -0.55%
- 1M
- 1.44%
- 6M
- 8.32%
- YTD
- 10.20%
- 1Y
- 15.90%
- 3Y*
- 12.30%
- 5Y*
- 5.56%
- 10Y*
- 7.06%
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
IPXJ.L vs. LGJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -3.47% |
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 IPXJ.L and LGJP.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.67 |
The correlation between IPXJ.L and LGJP.L has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. LGJP.L — Risk / Return Rank
IPXJ.L
LGJP.L
IPXJ.L vs. LGJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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.
| IPXJ.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.29 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.53 | -0.71 |
| Martin ratioReturn relative to average drawdown | 4.92 | 8.18 | -3.26 |
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Drawdowns
IPXJ.L vs. LGJP.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, 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 IPXJ.L and LGJP.L.
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Drawdown Indicators
| IPXJ.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -32.19% | -6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -13.20% | +4.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -14.30% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -32.19% | +7.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | — | — |
Current DrawdownCurrent decline from peak | -1.69% | -3.27% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -7.57% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 4.08% | -0.93% |
Volatility
IPXJ.L vs. LGJP.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.37%, while L&G Japan Equity UCITS ETF (LGJP.L) has a volatility of 6.42%. This indicates that IPXJ.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
| IPXJ.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 6.42% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.42% | 17.61% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 21.09% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 18.15% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 18.30% | -0.59% |
IPXJ.L vs. LGJP.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
IPXJ.L vs. LGJP.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 3.56%, while LGJP.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 3.56% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
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
IPXJ.L and LGJP.L have a correlation of 0.66, 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 0.60% for IPXJ.L.
IPXJ.L tracks iShares MSCI Pacific ex-Japan 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: 0.60% for IPXJ.L and 0.10% for LGJP.L.
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