LDAP.L vs. CJPU.L
LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both exchange-traded funds - LDAP.L is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, while CJPU.L is a Japan Equities fund tracking the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, LDAP.L returned 9.48%/yr vs 8.69%/yr for CJPU.L. A 0.63 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.12%/yr for CJPU.L.
Performance
LDAP.L vs. CJPU.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDAP.L achieves a 16.25% return, which is significantly higher than CJPU.L's 12.44% return.
LDAP.L
- 1D
- -0.31%
- 1M
- -1.62%
- 6M
- 14.02%
- YTD
- 16.25%
- 1Y
- 23.79%
- 3Y*
- 19.79%
- 5Y*
- 9.48%
- 10Y*
- —
CJPU.L
- 1D
- -2.51%
- 1M
- -5.70%
- 6M
- 6.20%
- YTD
- 12.44%
- 1Y
- 30.44%
- 3Y*
- 16.15%
- 5Y*
- 8.69%
- 10Y*
- 8.85%
LDAP.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) | 16.25% | 35.59% | 3.81% | 9.13% | -8.93% | -99.00% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 12.44% | 26.13% | 7.33% | 20.25% | -17.32% | -2.06% |
Correlation
The correlation between LDAP.L and CJPU.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.63 |
The correlation between LDAP.L and CJPU.L has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.
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Return for Risk
LDAP.L vs. CJPU.L — Risk / Return Rank
LDAP.L
CJPU.L
LDAP.L vs. CJPU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LDAP.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.37 | -0.19 |
| Martin ratioReturn relative to average drawdown | 5.87 | 7.70 | -1.84 |
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Drawdowns
LDAP.L vs. CJPU.L - Drawdown Comparison
The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than CJPU.L's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for LDAP.L and CJPU.L.
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Drawdown Indicators
| LDAP.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -32.64% | -66.69% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -12.79% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -14.74% | -9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -32.64% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -98.39% | -7.07% | -91.32% |
Average DrawdownAverage peak-to-trough decline | -98.71% | -5.86% | -92.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.94% | +0.10% |
Volatility
LDAP.L vs. CJPU.L - Volatility Comparison
The current volatility for L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.L) is 4.63%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 7.14%. This indicates that LDAP.L experiences smaller price fluctuations and is considered to be less risky than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAP.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 7.14% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 18.29% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 21.85% | -6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.06% | 18.44% | +9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.13% | 17.12% | +34.01% |
LDAP.L vs. CJPU.L - Expense Ratio Comparison
LDAP.L has a 0.40% expense ratio, which is higher than CJPU.L's 0.12% expense ratio.
Dividends
LDAP.L vs. CJPU.L - Dividend Comparison
LDAP.L's dividend yield for the trailing twelve months is around 3.86%, while CJPU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) | 3.86% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% |
Frequently Asked Questions
LDAP.L and CJPU.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CJPU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CJPU.L is cheaper with a 0.12% expense ratio, compared with 0.40% for LDAP.L.
LDAP.L is categorized as Asia Pacific Equities, while CJPU.L is Japan Equities. LDAP.L tracks FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: L&G and iShares. Their fees differ too: 0.40% for LDAP.L and 0.12% for CJPU.L.
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