JPSG.L vs. LCJP.L
JPSG.L (iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc)) and LCJP.L (Amundi MSCI Japan UCITS ETF Acc) are both Japan Equities funds - JPSG.L tracks the MSCI Japan SRI Select Reduced Fossil Fuel Index while LCJP.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 3 years, JPSG.L returned 19.68%/yr vs 15.04%/yr for LCJP.L. A 0.79 correlation means they provide meaningful diversification when combined. JPSG.L charges 0.25%/yr vs 0.12%/yr for LCJP.L.
Performance
JPSG.L vs. LCJP.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with JPSG.L having a 11.87% return and LCJP.L slightly higher at 12.39%.
JPSG.L
- 1D
- -1.43%
- 1M
- 2.78%
- 6M
- 7.13%
- YTD
- 11.87%
- 1Y
- 32.10%
- 3Y*
- 19.68%
- 5Y*
- —
- 10Y*
- —
LCJP.L
- 1D
- -2.16%
- 1M
- -6.06%
- 6M
- 5.57%
- YTD
- 12.39%
- 1Y
- 29.91%
- 3Y*
- 15.04%
- 5Y*
- 9.37%
- 10Y*
- —
JPSG.L vs. LCJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JPSG.L iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) | 11.87% | 23.27% | 17.32% | 21.38% |
LCJP.L Amundi MSCI Japan UCITS ETF Acc | 12.39% | 17.56% | 8.90% | 11.01% |
Correlation
The correlation between JPSG.L and LCJP.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023 | 0.79 |
The correlation between JPSG.L and LCJP.L has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
JPSG.L vs. LCJP.L — Risk / Return Rank
JPSG.L
LCJP.L
JPSG.L vs. LCJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.L) and Amundi MSCI Japan UCITS ETF Acc (LCJP.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.
| JPSG.L | LCJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 2.80 | +0.50 |
| Martin ratioReturn relative to average drawdown | 10.11 | 8.36 | +1.76 |
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Drawdowns
JPSG.L vs. LCJP.L - Drawdown Comparison
The maximum JPSG.L drawdown since its inception was -20.02%, smaller than the maximum LCJP.L drawdown of -99.46%. Use the drawdown chart below to compare losses from any high point for JPSG.L and LCJP.L.
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Drawdown Indicators
| JPSG.L | LCJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.02% | -99.46% | +79.44% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -10.64% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -14.59% | -5.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -2.26% | -98.76% | +96.50% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -98.44% | +94.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.57% | -0.40% |
Volatility
JPSG.L vs. LCJP.L - Volatility Comparison
The current volatility for iShares MSCI Japan SRI UCITS ETF GBP Hedged (Acc) (JPSG.L) is 5.14%, while Amundi MSCI Japan UCITS ETF Acc (LCJP.L) has a volatility of 6.55%. This indicates that JPSG.L experiences smaller price fluctuations and is considered to be less risky than LCJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPSG.L | LCJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 6.55% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.42% | 16.56% | -2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 19.89% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.05% | 16.29% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 38.24% | -19.19% |
JPSG.L vs. LCJP.L - Expense Ratio Comparison
JPSG.L has a 0.25% expense ratio, which is higher than LCJP.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
JPSG.L vs. LCJP.L - Dividend Comparison
Neither JPSG.L nor LCJP.L has paid dividends to shareholders.
Frequently Asked Questions
JPSG.L and LCJP.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCJP.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCJP.L is cheaper with a 0.12% expense ratio, compared with 0.25% for JPSG.L.
JPSG.L tracks MSCI Japan SRI Select Reduced Fossil Fuel Index, while LCJP.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for JPSG.L and 0.12% for LCJP.L.
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