ISJP.L vs. LDAP.L
ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) and LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) are both Japan Equities funds - ISJP.L tracks the MSCI Japan Small Cap NR JPY 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, ISJP.L returned 8.27%/yr vs 9.65%/yr for LDAP.L. At a 0.40 correlation, their price movements are largely independent. ISJP.L charges 0.58%/yr vs 0.40%/yr for LDAP.L.
Performance
ISJP.L vs. LDAP.L - Performance Comparison
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Different Trading Currencies
ISJP.L is traded in GBp, while LDAP.L is traded in USD. To make them comparable, the LDAP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISJP.L achieves a 15.86% return, which is significantly higher than LDAP.L's 14.69% return.
ISJP.L
- 1D
- -1.43%
- 1M
- 0.99%
- 6M
- 11.28%
- YTD
- 15.86%
- 1Y
- 30.28%
- 3Y*
- 16.50%
- 5Y*
- 8.27%
- 10Y*
- 7.81%
LDAP.L
- 1D
- 0.00%
- 1M
- -4.06%
- 6M
- 12.95%
- YTD
- 14.69%
- 1Y
- 20.99%
- 3Y*
- 18.06%
- 5Y*
- 9.65%
- 10Y*
- —
ISJP.L vs. LDAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.86% | 20.89% | 4.99% | 7.01% | -2.01% | -5.56% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 14.69% | 25.93% | 5.62% | 3.68% | 1.90% | -98.99% |
Correlation
The correlation between ISJP.L and LDAP.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.40 |
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Return for Risk
ISJP.L vs. LDAP.L — Risk / Return Rank
ISJP.L
LDAP.L
ISJP.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 (Dist) (ISJP.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.
| ISJP.L | LDAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.28 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.16 | 5.83 | +3.34 |
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Drawdowns
ISJP.L vs. LDAP.L - Drawdown Comparison
The maximum ISJP.L drawdown since its inception was -62.77%, smaller than the maximum LDAP.L drawdown of -99.19%. Use the drawdown chart below to compare losses from any high point for ISJP.L and LDAP.L.
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Drawdown Indicators
| ISJP.L | LDAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.77% | -99.19% | +36.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -9.62% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -20.15% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.01% | -26.81% | +5.80% |
Max Drawdown (10Y)Largest decline over 10 years | -28.98% | — | — |
Current DrawdownCurrent decline from peak | -3.03% | -98.38% | +95.35% |
Average DrawdownAverage peak-to-trough decline | -19.76% | -98.64% | +78.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.78% | -0.48% |
Volatility
ISJP.L vs. LDAP.L - Volatility Comparison
iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) and L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) have volatilities of 4.85% and 4.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISJP.L | LDAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 4.84% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.92% | 12.40% | +1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 14.79% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.27% | 26.52% | -12.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 50.34% | -34.87% |
ISJP.L vs. LDAP.L - Expense Ratio Comparison
ISJP.L has a 0.58% expense ratio, which is higher than LDAP.L's 0.40% expense ratio.
Dividends
ISJP.L vs. LDAP.L - Dividend Comparison
ISJP.L's dividend yield for the trailing twelve months is around 0.86%, less than LDAP.L's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.86% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
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
ISJP.L and LDAP.L have a correlation of 0.40, 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 ISJP.L.
ISJP.L tracks MSCI Japan Small Cap NR JPY, 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 ISJP.L and 0.40% for LDAP.L.
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