LDAP.L vs. CPJ1.L
LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)) and CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both Asia Pacific Equities funds - LDAP.L tracks the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index while CPJ1.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, LDAP.L returned 9.48%/yr vs 5.97%/yr for CPJ1.L. A 0.80 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.20%/yr for CPJ1.L.
Performance
LDAP.L vs. CPJ1.L - Performance Comparison
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Different Trading Currencies
LDAP.L is traded in USD, while CPJ1.L is traded in GBp. To make them comparable, the CPJ1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDAP.L achieves a 16.25% return, which is significantly higher than CPJ1.L's 10.20% 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*
- —
CPJ1.L
- 1D
- -0.50%
- 1M
- 1.02%
- 6M
- 8.02%
- YTD
- 10.20%
- 1Y
- 14.99%
- 3Y*
- 12.72%
- 5Y*
- 5.97%
- 10Y*
- 7.57%
LDAP.L vs. CPJ1.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% |
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 10.20% | 20.50% | 5.11% | 5.44% | -6.35% | -1.54% |
Correlation
The correlation between LDAP.L and CPJ1.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.80 |
The correlation between LDAP.L and CPJ1.L shifts across timeframes, from 0.69 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LDAP.L vs. CPJ1.L — Risk / Return Rank
LDAP.L
CPJ1.L
LDAP.L vs. CPJ1.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 VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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 | CPJ1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.70 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.87 | 4.72 | +1.15 |
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Drawdowns
LDAP.L vs. CPJ1.L - Drawdown Comparison
The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than CPJ1.L's maximum drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for LDAP.L and CPJ1.L.
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Drawdown Indicators
| LDAP.L | CPJ1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -38.55% | -60.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.80% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -20.09% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -24.37% | -10.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.55% | — |
Current DrawdownCurrent decline from peak | -98.39% | -1.93% | -96.46% |
Average DrawdownAverage peak-to-trough decline | -98.71% | -8.62% | -90.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.17% | +0.87% |
Volatility
LDAP.L vs. CPJ1.L - Volatility Comparison
L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.L) has a higher volatility of 4.63% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) at 2.92%. This indicates that LDAP.L's price experiences larger fluctuations and is considered to be riskier than CPJ1.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 | CPJ1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 2.92% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 11.42% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.79% | 13.72% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.06% | 21.65% | +6.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.13% | 20.02% | +31.11% |
LDAP.L vs. CPJ1.L - Expense Ratio Comparison
LDAP.L has a 0.40% expense ratio, which is higher than CPJ1.L's 0.20% expense ratio.
Dividends
LDAP.L vs. CPJ1.L - Dividend Comparison
LDAP.L's dividend yield for the trailing twelve months is around 3.86%, while CPJ1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn 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 CPJ1.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CPJ1.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CPJ1.L is cheaper with a 0.20% expense ratio, compared with 0.40% for LDAP.L.
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 CPJ1.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.40% for LDAP.L and 0.20% for CPJ1.L.
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