PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
LCJP.L vs. IJPN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LCJP.L vs. IJPN.L

Last updated Jun 5, 2026

LCJP.L (Amundi MSCI Japan UCITS ETF Acc) and IJPN.L (iShares MSCI Japan UCITS ETF (Dist)) are both Japan Equities funds tracking the TOPIX TR JPY, from Amundi and iShares respectively. Both are passively managed. Over the past 5 years, LCJP.L returned 10.26%/yr vs 10.52%/yr for IJPN.L. With a 0.99 correlation, they move nearly in lockstep. LCJP.L charges 0.12%/yr vs 0.59%/yr for IJPN.L.

Performance

LCJP.L vs. IJPN.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 MSCI Japan UCITS ETF (Dist) (IJPN.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with LCJP.L having a 16.47% return and IJPN.L slightly higher at 16.83%.

LCJP.L

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

IJPN.L

1D
-0.35%
1M
6.24%
YTD
16.83%
6M
16.02%
1Y
34.98%
3Y*
16.17%
5Y*
10.52%
10Y*
10.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LCJP.L vs. IJPN.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%
IJPN.L
iShares MSCI Japan UCITS ETF (Dist)		16.83%18.18%9.39%14.03%-7.13%2.20%12.46%14.55%-4.37%

Correlation

The correlation between LCJP.L and IJPN.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

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

0.99

The correlation between LCJP.L and IJPN.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

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

Sectors
LCJP.L
IJPN.L

Industrials

26.0%
24.8%

Technology

19.1%
20.3%

Financial Services

17.5%
18.2%

Consumer Cyclical

12.1%
11.9%

Communication Services

7.9%
8.7%

Healthcare

6.3%
5.9%

Consumer Defensive

3.6%
3.5%

Basic Materials

3.0%
2.9%

Real Estate

2.3%
1.9%

Utilities

1.1%
1.0%

Energy

1.1%
1.0%

Industrials

LCJP.L
26.0%
IJPN.L
24.8%

Technology

LCJP.L
19.1%
IJPN.L
20.3%

Financial Services

LCJP.L
17.5%
IJPN.L
18.2%

Consumer Cyclical

LCJP.L
12.1%
IJPN.L
11.9%

Communication Services

LCJP.L
7.9%
IJPN.L
8.7%

Healthcare

LCJP.L
6.3%
IJPN.L
5.9%

Consumer Defensive

LCJP.L
3.6%
IJPN.L
3.5%

Basic Materials

LCJP.L
3.0%
IJPN.L
2.9%

Real Estate

LCJP.L
2.3%
IJPN.L
1.9%

Utilities

LCJP.L
1.1%
IJPN.L
1.0%

Energy

LCJP.L
1.1%
IJPN.L
1.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amundi MSCI Japan UCITS ETF Acc

iShares MSCI Japan UCITS ETF (Dist)

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 IJPN.L:
IJPN.L vs. EWJIJPN.L vs. CSJP.LIJPN.L vs. VJPU.LIJPN.L vs. ICHN.ASIJPN.L vs. WLDL.LIJPN.L vs. IWRD.ASIJPN.L vs. XESC.DE

Return for Risk

LCJP.L vs. IJPN.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
IJPN.L
IJPN.L Risk / Return Rank: 6060
Overall Rank
IJPN.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IJPN.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
IJPN.L Omega Ratio Rank: 5959
Omega Ratio Rank
IJPN.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
IJPN.L Martin Ratio Rank: 6060
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. IJPN.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 MSCI Japan UCITS ETF (Dist) (IJPN.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.LIJPN.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
1.88

-0.04

Sortino ratioReturn per unit of downside risk
2.64
2.71

-0.07

Omega ratioGain probability vs. loss probability

1.35

1.36

0.00

Calmar ratioReturn relative to maximum drawdown

3.21

3.22

-0.01

Martin ratioReturn relative to average drawdown

10.25

10.52

-0.27

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. IJPN.L - Sharpe Ratio Comparison

The current LCJP.L Sharpe Ratio is 1.84, which is comparable to the IJPN.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of LCJP.L and IJPN.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.

Loading charts...

Sharpe Ratios by Period

LCJP.LIJPN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.84

1.88

-0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.66

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.65

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.42

+0.10

Drawdowns

LCJP.L vs. IJPN.L - Drawdown Comparison

The maximum LCJP.L drawdown since its inception was -26.61%, smaller than the maximum IJPN.L drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for LCJP.L and IJPN.L.

Loading charts...

Drawdown Indicators

LCJP.LIJPN.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.61%

-39.73%

+13.12%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-10.80%

+0.16%

Max Drawdown (3Y)

Largest decline over 3 years

-14.62%

-14.09%

-0.53%

Max Drawdown (5Y)

Largest decline over 5 years

-18.58%

-18.57%

-0.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.34%

—

Current Drawdown

Current decline from peak

-0.28%

-0.35%

+0.07%

Average Drawdown

Average peak-to-trough decline

-5.49%

-10.09%

+4.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.34%

3.32%

+0.02%

Volatility

LCJP.L vs. IJPN.L - Volatility Comparison

Amundi MSCI Japan UCITS ETF Acc (LCJP.L) and iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) have volatilities of 3.73% and 3.88%, 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.

Loading charts...

Volatility by Period

LCJP.LIJPN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.73%

3.88%

-0.15%

Volatility (6M)

Calculated over the trailing 6-month period

15.10%

15.00%

+0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

18.58%

18.54%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

15.88%

+0.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.82%

15.98%

+0.84%

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

LCJP.L has a 0.12% expense ratio, which is lower than IJPN.L's 0.59% expense ratio.

Dividends

LCJP.L vs. IJPN.L - Dividend Comparison

LCJP.L has not paid dividends to shareholders, while IJPN.L's dividend yield for the trailing twelve months is around 2.03%.

PositionTTM20252024202320222021202020192018201720162015
IJPN.L
iShares MSCI Japan UCITS ETF (Dist)		2.03%2.25%1.95%1.81%2.10%1.66%1.75%1.90%1.89%1.53%1.55%0.87%
LCJP.L
Amundi MSCI Japan UCITS ETF Acc		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

With a correlation of 0.99, LCJP.L and IJPN.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.

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 0.59% for IJPN.L.

Both ETFs track TOPIX TR JPY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for LCJP.L and 0.59% for IJPN.L.

Portfolio Optimizer

Find the right allocation for LCJP.L and IJPN.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer