LCUJ.DE vs. VWCE.DE

Last updated Jun 5, 2026

LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - LCUJ.DE is a Japan Equities fund tracking the MSCI Japan, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, LCUJ.DE returned 10.17%/yr vs 12.28%/yr for VWCE.DE. A 0.69 correlation means they provide meaningful diversification when combined. LCUJ.DE charges 0.12%/yr vs 0.19%/yr for VWCE.DE.

Performance

LCUJ.DE vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCUJ.DE achieves a 17.36% return, which is significantly higher than VWCE.DE's 12.64% return.

LCUJ.DE

• 1D: 0.81%
• 1M: 6.48%
• YTD: 17.36%
• 6M: 17.18%
• 1Y: 31.24%
• 3Y*: 15.71%
• 5Y*: 10.17%
• 10Y*: —

VWCE.DE

• 1D: -0.21%
• 1M: 5.01%
• YTD: 12.64%
• 6M: 13.33%
• 1Y: 26.41%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

LCUJ.DE vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc	17.36%	12.70%	13.58%	16.52%	-12.48%	10.04%	5.10%	9.59%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	18.18%	-13.47%	28.62%	5.36%	8.01%

Correlation

The correlation between LCUJ.DE and VWCE.DE is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.69

The correlation between LCUJ.DE and VWCE.DE has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.

Return for Risk

LCUJ.DE vs. VWCE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCUJ.DE

LCUJ.DE Risk / Return Rank: 53
LCUJ.DE Sharpe Ratio Rank: 47
LCUJ.DE Sortino Ratio Rank: 51
LCUJ.DE Omega Ratio Rank: 50
LCUJ.DE Calmar Ratio Rank: 61
LCUJ.DE Martin Ratio Rank: 56

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

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.

LCUJ.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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.

	LCUJ.DE	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.61	2.31	-0.70
Sortino ratio: Return per unit of downside risk	2.46	3.24	-0.78
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.13
Calmar ratio: Return relative to maximum drawdown	3.00	4.01	-1.01
Martin ratio: Return relative to average drawdown	9.68	16.55	-6.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LCUJ.DE vs. VWCE.DE - Sharpe Ratio Comparison

The current LCUJ.DE Sharpe Ratio is 1.61, which is lower than the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of LCUJ.DE and VWCE.DE, 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

	LCUJ.DE	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.61	2.31	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.88	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.79	-0.27

Drawdowns

LCUJ.DE vs. VWCE.DE - Drawdown Comparison

The maximum LCUJ.DE drawdown since its inception was -28.01%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for LCUJ.DE and VWCE.DE.

Drawdown Indicators

	LCUJ.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.01%	-33.43%	+5.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-6.55%	-3.53%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-21.07%	+4.15%
Max Drawdown (5Y) Largest decline over 5 years	-19.10%	-21.07%	+1.97%
Current Drawdown Current decline from peak	0.00%	-0.66%	+0.66%
Average Drawdown Average peak-to-trough decline	-5.92%	-4.69%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	1.59%	+1.54%

Volatility

LCUJ.DE vs. VWCE.DE - Volatility Comparison

Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a higher volatility of 4.13% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that LCUJ.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCUJ.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.06%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	14.92%	8.18%	+6.74%
Volatility (1Y) Calculated over the trailing 1-year period	18.78%	11.37%	+7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	13.75%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	16.16%	+0.94%

LCUJ.DE vs. VWCE.DE - Expense Ratio Comparison

LCUJ.DE has a 0.12% expense ratio, which is lower than VWCE.DE's 0.19% 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

LCUJ.DE vs. VWCE.DE - Dividend Comparison

Neither LCUJ.DE nor VWCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LCUJ.DE and VWCE.DE in my portfolio?

LCUJ.DE and VWCE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCUJ.DE or VWCE.DE?

On fees, LCUJ.DE 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, LCUJ.DE or VWCE.DE?

LCUJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for VWCE.DE.

What is the main difference between LCUJ.DE and VWCE.DE?

LCUJ.DE is categorized as Japan Equities, while VWCE.DE is Global Equities. LCUJ.DE tracks MSCI Japan, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.12% for LCUJ.DE and 0.19% for VWCE.DE.