LDAP.L vs. IJPH.L
LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) and IJPH.L (iShares MSCI Japan GBP Hedged UCITS ETF) are both Japan Equities funds - LDAP.L tracks the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis while IJPH.L tracks the MSCI Japan 100% Hedged to GBP Index. Both are passively managed. Over the past 5 years, LDAP.L returned 9.64%/yr vs 20.92%/yr for IJPH.L. A 0.58 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.64%/yr for IJPH.L.
Performance
LDAP.L vs. IJPH.L - Performance Comparison
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Different Trading Currencies
LDAP.L is traded in USD, while IJPH.L is traded in GBP. To make them comparable, the IJPH.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 17.12% return, which is significantly lower than IJPH.L's 22.86% 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*
- —
IJPH.L
- 1D
- 0.13%
- 1M
- 1.99%
- 6M
- 15.32%
- YTD
- 22.86%
- 1Y
- 53.76%
- 3Y*
- 30.08%
- 5Y*
- 20.92%
- 10Y*
- 15.51%
LDAP.L vs. IJPH.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% |
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 22.86% | 39.14% | 21.76% | 41.27% | -14.53% | 1.36% |
Correlation
The correlation between LDAP.L and IJPH.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.58 |
The correlation between LDAP.L and IJPH.L has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
LDAP.L vs. IJPH.L — Risk / Return Rank
LDAP.L
IJPH.L
LDAP.L vs. IJPH.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 GBP Hedged UCITS ETF (IJPH.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 | IJPH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.42 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 4.51 | -2.20 |
| Martin ratioReturn relative to average drawdown | 6.22 | 16.14 | -9.92 |
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Drawdowns
LDAP.L vs. IJPH.L - Drawdown Comparison
The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than IJPH.L's maximum drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for LDAP.L and IJPH.L.
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Drawdown Indicators
| LDAP.L | IJPH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -45.23% | -54.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -11.86% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -22.91% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -30.65% | -3.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.24% | — |
Current DrawdownCurrent decline from peak | -98.38% | -1.18% | -97.20% |
Average DrawdownAverage peak-to-trough decline | -98.71% | -12.07% | -86.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.32% | +0.72% |
Volatility
LDAP.L vs. IJPH.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 GBP Hedged UCITS ETF (IJPH.L) has a volatility of 7.11%. This indicates that LDAP.L experiences smaller price fluctuations and is considered to be less risky than IJPH.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 | IJPH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 7.11% | -2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 18.20% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 22.92% | -7.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.07% | 22.24% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.15% | 21.79% | +29.36% |
LDAP.L vs. IJPH.L - Expense Ratio Comparison
LDAP.L has a 0.40% expense ratio, which is lower than IJPH.L's 0.64% expense ratio.
Dividends
LDAP.L vs. IJPH.L - Dividend Comparison
LDAP.L's dividend yield for the trailing twelve months is around 3.83%, while IJPH.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IJPH.L iShares MSCI Japan GBP Hedged UCITS ETF | 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 IJPH.L have a correlation of 0.54, 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 IJPH.L.
LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis, while IJPH.L tracks MSCI Japan 100% Hedged to GBP Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.40% for LDAP.L and 0.64% for IJPH.L.
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