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LCJP.L vs. IJPA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LCJP.L vs. IJPA.L

Last updated Jun 5, 2026

LCJP.L (Amundi MSCI Japan UCITS ETF Acc) and IJPA.L (iShares Core MSCI Japan IMI UCITS ETF USD Acc) are both Japan Equities funds - LCJP.L tracks the TOPIX TR JPY while IJPA.L tracks the MSCI Japan Investable Market Index (IMI). Both are passively managed. Over the past 5 years, LCJP.L returned 10.26%/yr vs 10.04%/yr for IJPA.L. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.12% expense ratio.

Performance

LCJP.L vs. IJPA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Japan UCITS ETF Acc (LCJP.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LCJP.L is traded in GBP, while IJPA.L is traded in USD. To make them comparable, the IJPA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with LCJP.L having a 16.47% return and IJPA.L slightly lower at 16.15%.

LCJP.L

1D
-0.28%
1M
6.27%
YTD
16.47%
6M
15.66%
1Y
34.33%
3Y*
15.67%
5Y*
10.26%
10Y*
—

IJPA.L

1D
-0.05%
1M
6.14%
YTD
16.15%
6M
15.80%
1Y
33.76%
3Y*
15.71%
5Y*
10.04%
10Y*
10.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCJP.L vs. IJPA.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LCJP.L
Amundi MSCI Japan UCITS ETF Acc		16.47%17.61%8.90%14.05%-7.13%2.24%12.26%14.63%-4.50%
IJPA.L
iShares Core MSCI Japan IMI UCITS ETF USD Acc		16.15%18.21%8.48%13.38%-6.19%1.11%11.60%13.95%-4.96%

Correlation

The correlation between LCJP.L and IJPA.L is 0.95, 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

0.95

Correlation (3Y)
Calculated over the trailing 3-year period

0.95

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Mar 23, 2018

0.94

The correlation between LCJP.L and IJPA.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

LCJP.L vs. IJPA.L - Sectors Allocation Comparison

Sectors
LCJP.L
IJPA.L

Industrials

26.0%
25.2%

Technology

19.1%
19.8%

Financial Services

17.5%
15.7%

Consumer Cyclical

12.1%
12.2%

Communication Services

7.9%
5.7%

Healthcare

6.3%
5.8%

Consumer Defensive

3.6%
4.0%

Basic Materials

3.0%
5.1%

Real Estate

2.3%
3.0%

Utilities

1.1%
1.2%

Energy

1.1%
0.9%

Industrials

LCJP.L
26.0%
IJPA.L
25.2%

Technology

LCJP.L
19.1%
IJPA.L
19.8%

Financial Services

LCJP.L
17.5%
IJPA.L
15.7%

Consumer Cyclical

LCJP.L
12.1%
IJPA.L
12.2%

Communication Services

LCJP.L
7.9%
IJPA.L
5.7%

Healthcare

LCJP.L
6.3%
IJPA.L
5.8%

Consumer Defensive

LCJP.L
3.6%
IJPA.L
4.0%

Basic Materials

LCJP.L
3.0%
IJPA.L
5.1%

Real Estate

LCJP.L
2.3%
IJPA.L
3.0%

Utilities

LCJP.L
1.1%
IJPA.L
1.2%

Energy

LCJP.L
1.1%
IJPA.L
0.9%

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Amundi MSCI Japan UCITS ETF Acc

iShares Core MSCI Japan IMI UCITS ETF USD Acc

Often compared with LCJP.L:
LCJP.L vs. SJPA.LLCJP.L vs. CSJP.LLCJP.L vs. LGJG.LLCJP.L vs. VJPB.LLCJP.L vs. JPJP.LLCJP.L vs. CAJPYLCJP.L vs. DXJG.L
Often compared with IJPA.L:
IJPA.L vs. IJPE.LIJPA.L vs. VJPN.LIJPA.L vs. IJPD.LIJPA.L vs. GLDIJPA.L vs. IAUIJPA.L vs. VJPB.LIJPA.L vs. FBT.L

Return for Risk

LCJP.L vs. IJPA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LCJP.L
LCJP.L Risk / Return Rank: 5959
Overall Rank
LCJP.L Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
LCJP.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
LCJP.L Omega Ratio Rank: 5858
Omega Ratio Rank
LCJP.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
LCJP.L Martin Ratio Rank: 5858
Martin Ratio Rank
IJPA.L
IJPA.L Risk / Return Rank: 5151
Overall Rank
IJPA.L Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
IJPA.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
IJPA.L Omega Ratio Rank: 5151
Omega Ratio Rank
IJPA.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
IJPA.L Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCJP.L vs. IJPA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan UCITS ETF Acc (LCJP.L) and iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.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.

LCJP.LIJPA.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.81

+0.03

Sortino ratioReturn per unit of downside risk
2.64
2.62

+0.02

Omega ratioGain probability vs. loss probability

1.35

1.34

+0.01

Calmar ratioReturn relative to maximum drawdown

3.21

3.16

+0.05

Martin ratioReturn relative to average drawdown

10.25

10.36

-0.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCJP.L vs. IJPA.L - Sharpe Ratio Comparison

The current LCJP.L Sharpe Ratio is 1.84, which is comparable to the IJPA.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of LCJP.L and IJPA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LCJP.LIJPA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

1.81

+0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.62

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.54

-0.02

Drawdowns

LCJP.L vs. IJPA.L - Drawdown Comparison

The maximum LCJP.L drawdown since its inception was -26.61%, which is greater than IJPA.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for LCJP.L and IJPA.L.

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Drawdown Indicators

LCJP.LIJPA.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.61%

-25.10%

-1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-10.63%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-13.21%

-1.41%

Max Drawdown (5Y)

Largest decline over 5 years

-18.58%

-18.93%

+0.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.10%

—

Current Drawdown

Current decline from peak

-0.28%

-0.05%

-0.23%

Average Drawdown

Average peak-to-trough decline

-5.49%

-6.35%

+0.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

3.25%

+0.09%

Volatility

LCJP.L vs. IJPA.L - Volatility Comparison

The current volatility for Amundi MSCI Japan UCITS ETF Acc (LCJP.L) is 3.73%, while iShares Core MSCI Japan IMI UCITS ETF USD Acc (IJPA.L) has a volatility of 4.11%. This indicates that LCJP.L experiences smaller price fluctuations and is considered to be less risky than IJPA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LCJP.LIJPA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.73%

4.11%

-0.38%

Volatility (6M)

Calculated over the trailing 6-month period

15.10%

15.54%

-0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

18.58%

18.61%

-0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

16.16%

-0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.82%

16.58%

+0.24%

LCJP.L vs. IJPA.L - Expense Ratio Comparison

Both LCJP.L and IJPA.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LCJP.L vs. IJPA.L - Dividend Comparison

Neither LCJP.L nor IJPA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.95, LCJP.L and IJPA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

LCJP.L and IJPA.L have the same expense ratio: 0.12% per year.

LCJP.L tracks TOPIX TR JPY, while IJPA.L tracks MSCI Japan Investable Market Index (IMI). They also come from different issuers: Amundi and iShares.

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