LDAP.L vs. IJPD.L
LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds - LDAP.L tracks the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 5 years, LDAP.L returned 9.64%/yr vs 21.89%/yr for IJPD.L. At a 0.49 correlation, their price movements are largely independent. LDAP.L charges 0.40%/yr vs 0.64%/yr for IJPD.L.
Performance
LDAP.L vs. IJPD.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDAP.L achieves a 17.12% return, which is significantly lower than IJPD.L's 22.10% return.
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
LDAP.L vs. IJPD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 17.12% | 35.59% | 3.81% | 9.13% | -8.93% | -99.00% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 2.85% |
Correlation
The correlation between LDAP.L and IJPD.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.50 |
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Return for Risk
LDAP.L vs. IJPD.L — Risk / Return Rank
LDAP.L
IJPD.L
LDAP.L vs. IJPD.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 ETF USD Dis (LDAP.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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 | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 5.55 | -3.24 |
| Martin ratioReturn relative to average drawdown | 6.22 | 18.34 | -12.12 |
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Drawdowns
LDAP.L vs. IJPD.L - Drawdown Comparison
The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than IJPD.L's maximum drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for LDAP.L and IJPD.L.
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Drawdown Indicators
| LDAP.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -31.09% | -68.24% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -9.32% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -21.80% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -21.80% | -12.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.09% | — |
Current DrawdownCurrent decline from peak | -98.38% | -3.28% | -95.10% |
Average DrawdownAverage peak-to-trough decline | -98.71% | -6.71% | -92.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.83% | +1.21% |
Volatility
LDAP.L vs. IJPD.L - Volatility Comparison
The current volatility for L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) is 4.91%, while iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) has a volatility of 6.63%. This indicates that LDAP.L experiences smaller price fluctuations and is considered to be less risky than IJPD.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 | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 6.63% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 16.49% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 20.77% | -4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.07% | 18.97% | +9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.15% | 18.64% | +32.51% |
LDAP.L vs. IJPD.L - Expense Ratio Comparison
LDAP.L has a 0.40% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
LDAP.L vs. IJPD.L - Dividend Comparison
LDAP.L's dividend yield for the trailing twelve months is around 3.83%, while IJPD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 3.83% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% |
Frequently Asked Questions
LDAP.L and IJPD.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAP.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAP.L is cheaper with a 0.40% expense ratio, compared with 0.64% for IJPD.L.
LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.40% for LDAP.L and 0.64% for IJPD.L.
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