LCJP.L vs. ISJP.L
LCJP.L (Amundi MSCI Japan UCITS ETF Acc) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - LCJP.L tracks the TOPIX TR JPY while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 5 years, LCJP.L returned 10.26%/yr vs 8.64%/yr for ISJP.L. Their correlation of 0.88 suggests significant overlap in exposure. LCJP.L charges 0.12%/yr vs 0.58%/yr for ISJP.L.
Performance
LCJP.L vs. ISJP.L - Performance Comparison
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Different Trading Currencies
LCJP.L is traded in GBP, while ISJP.L is traded in GBp. To make them comparable, the ISJP.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, LCJP.L achieves a 16.47% return, which is significantly higher than ISJP.L's 15.08% return.
LCJP.L
- 1D
- -0.28%
- 1M
- 6.27%
- YTD
- 16.47%
- 6M
- 15.66%
- 1Y
- 34.33%
- 3Y*
- 15.67%
- 5Y*
- 10.26%
- 10Y*
- —
ISJP.L
- 1D
- 0.31%
- 1M
- 5.68%
- YTD
- 15.08%
- 6M
- 15.82%
- 1Y
- 31.49%
- 3Y*
- 14.99%
- 5Y*
- 8.64%
- 10Y*
- 8.58%
LCJP.L vs. ISJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 15.08% | 20.89% | 4.99% | 7.01% | -2.01% | -2.01% | 4.51% | 13.94% | -8.30% |
Correlation
The correlation between LCJP.L and ISJP.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.88 |
The correlation between LCJP.L and ISJP.L has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.
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Return for Risk
LCJP.L vs. ISJP.L — Risk / Return Rank
LCJP.L
ISJP.L
LCJP.L vs. ISJP.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 Small Cap UCITS ETF (Dist) (ISJP.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.L | ISJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 2.89 | +0.32 |
| Martin ratioReturn relative to average drawdown | 10.25 | 9.66 | +0.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LCJP.L | ISJP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.07 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.61 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.03 |
Drawdowns
LCJP.L vs. ISJP.L - Drawdown Comparison
The maximum LCJP.L drawdown since its inception was -26.61%, smaller than the maximum ISJP.L drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for LCJP.L and ISJP.L.
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Drawdown Indicators
| LCJP.L | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.61% | -32.93% | +6.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.64% | -10.84% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -11.23% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -18.58% | -21.01% | +2.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.98% | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.25% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -6.22% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.25% | +0.09% |
Volatility
LCJP.L vs. ISJP.L - Volatility Comparison
The current volatility for Amundi MSCI Japan UCITS ETF Acc (LCJP.L) is 3.73%, while iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) has a volatility of 4.25%. This indicates that LCJP.L experiences smaller price fluctuations and is considered to be less risky than ISJP.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.L | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.25% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.10% | 13.34% | +1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 15.17% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.22% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.82% | 15.62% | +1.20% |
LCJP.L vs. ISJP.L - Expense Ratio Comparison
LCJP.L has a 0.12% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
LCJP.L vs. ISJP.L - Dividend Comparison
LCJP.L has not paid dividends to shareholders, while ISJP.L's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 1.67% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.68% |
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
LCJP.L and ISJP.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 0.58% for ISJP.L.
LCJP.L tracks TOPIX TR JPY, while ISJP.L tracks MSCI Japan Small Cap NR JPY. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for LCJP.L and 0.58% for ISJP.L.
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