LCJP.L vs. IUVD.L

Last updated Jun 5, 2026

LCJP.L (Amundi MSCI Japan UCITS ETF Acc) and IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) are both exchange-traded funds - LCJP.L is a Japan Equities fund tracking the TOPIX TR JPY, while IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD. Both are passively managed. Over the past 5 years, LCJP.L returned 10.26%/yr vs 16.98%/yr for IUVD.L. A 0.55 correlation means they provide meaningful diversification when combined. LCJP.L charges 0.12%/yr vs 0.20%/yr for IUVD.L.

Performance

LCJP.L vs. IUVD.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 Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LCJP.L is traded in GBP, while IUVD.L is traded in USD. To make them comparable, the IUVD.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 lower than IUVD.L's 47.02% 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*: —

IUVD.L

• 1D: -0.99%
• 1M: 16.76%
• YTD: 47.02%
• 6M: 49.32%
• 1Y: 91.02%
• 3Y*: 30.10%
• 5Y*: 16.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCJP.L vs. IUVD.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%
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	47.02%	23.52%	8.37%	8.83%	-4.73%	30.86%	-4.30%	20.86%	-1.56%

Correlation

The correlation between LCJP.L and IUVD.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.55

The correlation between LCJP.L and IUVD.L shifts across timeframes, from 0.44 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

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

Sectors	LCJP.L	IUVD.L
Industrials	26.0%	7.3%
Technology	19.1%	44.9%
Financial Services	17.5%	10.4%
Consumer Cyclical	12.1%	8.3%
Communication Services	7.9%	8.3%
Healthcare	6.3%	8.4%
Consumer Defensive	3.6%	4.0%
Basic Materials	3.0%	1.6%
Real Estate	2.3%	1.8%
Utilities	1.1%	1.9%
Energy	1.1%	3.2%

Return for Risk

LCJP.L vs. IUVD.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: 59
LCJP.L Sharpe Ratio Rank: 54
LCJP.L Sortino Ratio Rank: 56
LCJP.L Omega Ratio Rank: 58
LCJP.L Calmar Ratio Rank: 66
LCJP.L Martin Ratio Rank: 58

IUVD.L

IUVD.L Risk / Return Rank: 97
IUVD.L Sharpe Ratio Rank: 98
IUVD.L Sortino Ratio Rank: 98
IUVD.L Omega Ratio Rank: 97
IUVD.L Calmar Ratio Rank: 97
IUVD.L Martin Ratio Rank: 97

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. IUVD.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 Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.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	IUVD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	5.54	-3.70
Sortino ratio: Return per unit of downside risk	2.64	7.10	-4.45
Omega ratio: Gain probability vs. loss probability	1.35	1.94	-0.59
Calmar ratio: Return relative to maximum drawdown	3.21	14.23	-11.02
Martin ratio: Return relative to average drawdown	10.25	54.63	-44.38
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. IUVD.L - Sharpe Ratio Comparison

The current LCJP.L Sharpe Ratio is 1.84, which is lower than the IUVD.L Sharpe Ratio of 5.54. The chart below compares the historical Sharpe Ratios of LCJP.L and IUVD.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.

Sharpe Ratios by Period

	LCJP.L	IUVD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	5.54	-3.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	1.00	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.73	-0.22

Drawdowns

LCJP.L vs. IUVD.L - Drawdown Comparison

The maximum LCJP.L drawdown since its inception was -26.61%, smaller than the maximum IUVD.L drawdown of -32.23%. Use the drawdown chart below to compare losses from any high point for LCJP.L and IUVD.L.

Drawdown Indicators

	LCJP.L	IUVD.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.61%	-32.23%	+5.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-6.36%	-4.28%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-20.35%	+5.73%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-20.35%	+1.77%
Current Drawdown Current decline from peak	-0.28%	-0.99%	+0.71%
Average Drawdown Average peak-to-trough decline	-5.49%	-5.87%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	1.66%	+1.68%

Volatility

LCJP.L vs. IUVD.L - Volatility Comparison

The current volatility for Amundi MSCI Japan UCITS ETF Acc (LCJP.L) is 3.73%, while iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a volatility of 7.25%. This indicates that LCJP.L experiences smaller price fluctuations and is considered to be less risky than IUVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCJP.L	IUVD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	7.25%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	13.28%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	18.58%	16.35%	+2.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	16.99%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	19.20%	-2.38%

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

LCJP.L has a 0.12% expense ratio, which is lower than IUVD.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LCJP.L vs. IUVD.L - Dividend Comparison

LCJP.L has not paid dividends to shareholders, while IUVD.L's dividend yield for the trailing twelve months is around 1.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)	1.12%	1.64%	2.24%	2.27%	2.61%	1.85%	2.26%	2.26%	1.73%
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%

Frequently Asked Questions

Can I hold both LCJP.L and IUVD.L in my portfolio?

LCJP.L and IUVD.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCJP.L or IUVD.L?

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.

Which ETF is cheaper, LCJP.L or IUVD.L?

LCJP.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IUVD.L.

What is the main difference between LCJP.L and IUVD.L?

LCJP.L is categorized as Japan Equities, while IUVD.L is Large Cap Value Equities. LCJP.L tracks TOPIX TR JPY, while IUVD.L tracks Russell 1000 Value TR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for LCJP.L and 0.20% for IUVD.L.