LDAP.L vs. ISJP.L
LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) and ISJP.L (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - LDAP.L tracks the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis while ISJP.L tracks the MSCI Japan Small Cap NR JPY. Both are passively managed. Over the past 5 years, LDAP.L returned 9.64%/yr vs 7.92%/yr for ISJP.L. A 0.53 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.58%/yr for ISJP.L.
Performance
LDAP.L vs. ISJP.L - Performance Comparison
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Different Trading Currencies
LDAP.L is traded in USD, while ISJP.L is traded in GBp. To make them comparable, the ISJP.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with LDAP.L having a 17.12% return and ISJP.L slightly lower at 16.53%.
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
ISJP.L
- 1D
- -0.31%
- 1M
- 1.90%
- 6M
- 12.06%
- YTD
- 16.53%
- 1Y
- 31.78%
- 3Y*
- 17.79%
- 5Y*
- 7.92%
- 10Y*
- 8.10%
LDAP.L vs. ISJP.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% |
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 16.53% | 30.01% | 3.24% | 12.66% | -12.49% | -6.73% |
Correlation
The correlation between LDAP.L and ISJP.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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.53 |
The correlation between LDAP.L and ISJP.L has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
LDAP.L vs. ISJP.L — Risk / Return Rank
LDAP.L
ISJP.L
LDAP.L vs. ISJP.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 Small Cap UCITS ETF (Dist) (ISJP.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 | ISJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.68 | -0.37 |
| Martin ratioReturn relative to average drawdown | 6.22 | 8.63 | -2.41 |
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Drawdowns
LDAP.L vs. ISJP.L - Drawdown Comparison
The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than ISJP.L's maximum drawdown of -69.60%. Use the drawdown chart below to compare losses from any high point for LDAP.L and ISJP.L.
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Drawdown Indicators
| LDAP.L | ISJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.33% | -69.60% | -29.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -11.79% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.47% | -12.58% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -34.61% | -33.09% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.04% | — |
Current DrawdownCurrent decline from peak | -98.38% | -1.97% | -96.41% |
Average DrawdownAverage peak-to-trough decline | -98.71% | -30.31% | -68.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 3.67% | +0.37% |
Volatility
LDAP.L vs. ISJP.L - Volatility Comparison
L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) and iShares MSCI Japan Small Cap UCITS ETF (Dist) (ISJP.L) have volatilities of 4.91% and 4.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDAP.L | ISJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 4.99% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.37% | 14.87% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.84% | 17.30% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.07% | 16.30% | +11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.15% | 16.51% | +34.64% |
LDAP.L vs. ISJP.L - Expense Ratio Comparison
LDAP.L has a 0.40% expense ratio, which is lower than ISJP.L's 0.58% expense ratio.
Dividends
LDAP.L vs. ISJP.L - Dividend Comparison
LDAP.L's dividend yield for the trailing twelve months is around 3.83%, more than ISJP.L's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISJP.L iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.86% | 1.85% | 1.73% | 1.77% | 1.99% | 1.52% | 1.58% | 1.53% | 1.39% | 1.29% | 1.07% | 0.67% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAP.L and ISJP.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 0.58% for ISJP.L.
LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis, while ISJP.L tracks MSCI Japan Small Cap NR JPY. They also come from different issuers: L&G and iShares. Their fees differ too: 0.40% for LDAP.L and 0.58% for ISJP.L.
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