LCJP.L vs. VJPN.L

Last updated Jun 5, 2026

LCJP.L (Amundi MSCI Japan UCITS ETF Acc) and VJPN.L (Vanguard FTSE Japan UCITS ETF Distributing) are both Japan Equities funds tracking the TOPIX TR JPY, from Amundi and Vanguard respectively. Both are passively managed. Over the past 5 years, LCJP.L returned 10.26%/yr vs 10.73%/yr for VJPN.L. With a 0.99 correlation, they move nearly in lockstep. LCJP.L charges 0.12%/yr vs 0.15%/yr for VJPN.L.

Performance

LCJP.L vs. VJPN.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 Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LCJP.L having a 16.47% return and VJPN.L slightly lower at 16.32%.

LCJP.L

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

VJPN.L

• 1D: 0.70%
• 1M: 6.43%
• YTD: 16.32%
• 6M: 16.26%
• 1Y: 35.06%
• 3Y*: 16.39%
• 5Y*: 10.73%
• 10Y*: 11.10%

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

LCJP.L vs. VJPN.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%
VJPN.L Vanguard FTSE Japan UCITS ETF Distributing	16.32%	18.86%	9.05%	14.00%	-5.70%	2.26%	12.84%	14.56%	-4.20%

Correlation

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

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

Sectors	LCJP.L	VJPN.L
Industrials	26.0%	26.6%
Technology	19.1%	17.4%
Financial Services	17.5%	15.9%
Consumer Cyclical	12.1%	12.8%
Communication Services	7.9%	7.1%
Healthcare	6.3%	5.9%
Consumer Defensive	3.6%	4.2%
Basic Materials	3.0%	4.3%
Real Estate	2.3%	3.4%
Utilities	1.1%	1.3%
Energy	1.1%	1.0%

Return for Risk

LCJP.L vs. VJPN.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

VJPN.L

VJPN.L Risk / Return Rank: 60
VJPN.L Sharpe Ratio Rank: 57
VJPN.L Sortino Ratio Rank: 59
VJPN.L Omega Ratio Rank: 61
VJPN.L Calmar Ratio Rank: 65
VJPN.L Martin Ratio Rank: 59

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. VJPN.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 Vanguard FTSE Japan UCITS ETF Distributing (VJPN.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	VJPN.L	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.91	-0.07
Sortino ratio: Return per unit of downside risk	2.64	2.75	-0.11
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	3.21	3.20	+0.01
Martin ratio: Return relative to average drawdown	10.25	10.40	-0.16
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. VJPN.L - Sharpe Ratio Comparison

The current LCJP.L Sharpe Ratio is 1.84, which is comparable to the VJPN.L Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of LCJP.L and VJPN.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	VJPN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	1.91	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.69	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.62	-0.11

Drawdowns

LCJP.L vs. VJPN.L - Drawdown Comparison

The maximum LCJP.L drawdown since its inception was -26.61%, which is greater than VJPN.L's maximum drawdown of -25.19%. Use the drawdown chart below to compare losses from any high point for LCJP.L and VJPN.L.

Drawdown Indicators

	LCJP.L	VJPN.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.61%	-25.19%	-1.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-10.68%	+0.04%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-13.45%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-17.91%	-0.67%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.19%	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-5.49%	-5.26%	-0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.34%	3.29%	+0.05%

Volatility

LCJP.L vs. VJPN.L - Volatility Comparison

Amundi MSCI Japan UCITS ETF Acc (LCJP.L) and Vanguard FTSE Japan UCITS ETF Distributing (VJPN.L) have volatilities of 3.73% and 3.85%, 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.

Volatility by Period

	LCJP.L	VJPN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	3.85%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	15.10%	14.62%	+0.48%
Volatility (1Y) Calculated over the trailing 1-year period	18.58%	17.91%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	15.50%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	15.90%	+0.92%

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

LCJP.L has a 0.12% expense ratio, which is lower than VJPN.L's 0.15% 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. VJPN.L - Dividend Comparison

LCJP.L has not paid dividends to shareholders, while VJPN.L's dividend yield for the trailing twelve months is around 2.23%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VJPN.L Vanguard FTSE Japan UCITS ETF Distributing	2.23%	2.54%	2.47%	2.39%	2.64%	2.31%	2.14%	2.36%	2.55%	1.94%	2.04%	2.08%

Frequently Asked Questions

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

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

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

LCJP.L is cheaper with a 0.12% expense ratio, compared with 0.15% for VJPN.L.

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

Both ETFs track TOPIX TR JPY. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.12% for LCJP.L and 0.15% for VJPN.L.