LGAG.L vs. CP9U.L

Last updated Jun 27, 2026

LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) and CP9U.L (Amundi MSCI Pacific ex Japan UCITS DR) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from Legal & General and Amundi respectively. Both are passively managed. Over the past 5 years, LGAG.L returned 5.62%/yr vs 2.33%/yr for CP9U.L. Their correlation of 0.84 suggests significant overlap in exposure. LGAG.L charges 0.10%/yr vs 0.35%/yr for CP9U.L.

Performance

LGAG.L vs. CP9U.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LGAG.L is traded in GBp, while CP9U.L is traded in USD. To make them comparable, the CP9U.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LGAG.L achieves a 8.32% return, which is significantly higher than CP9U.L's 4.93% return.

LGAG.L

• 1D: 0.02%
• 1M: -0.85%
• YTD: 8.32%
• 6M: 7.89%
• 1Y: 16.16%
• 3Y*: 11.04%
• 5Y*: 5.62%
• 10Y*: —

CP9U.L

• 1D: 0.20%
• 1M: 1.86%
• YTD: 4.93%
• 6M: 4.25%
• 1Y: 6.29%
• 3Y*: 4.87%
• 5Y*: 2.33%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LGAG.L vs. CP9U.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF	8.32%	12.56%	6.20%	-0.81%	5.61%	4.15%	4.80%	14.08%	-22.77%
CP9U.L Amundi MSCI Pacific ex Japan UCITS DR	4.93%	5.57%	0.98%	-0.06%	-1.43%	6.40%	0.96%	13.35%	-1.26%

Correlation

The correlation between LGAG.L and CP9U.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.84

The correlation between LGAG.L and CP9U.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

LGAG.L vs. CP9U.L - Sectors Allocation Comparison

Sectors	LGAG.L	CP9U.L
Financial Services	40.9%	46.0%
Basic Materials	16.7%	11.5%
Industrials	9.1%	8.5%
Real Estate	8.5%	15.9%
Consumer Cyclical	6.5%	4.5%
Healthcare	3.9%	5.1%
Communication Services	3.6%	3.2%
Consumer Defensive	3.1%	3.1%
Energy	3.1%	-
Utilities	2.7%	0.7%
Technology	1.9%	1.6%

Return for Risk

LGAG.L vs. CP9U.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGAG.L

LGAG.L Risk / Return Rank: 46
LGAG.L Sharpe Ratio Rank: 46
LGAG.L Sortino Ratio Rank: 47
LGAG.L Omega Ratio Rank: 44
LGAG.L Calmar Ratio Rank: 52
LGAG.L Martin Ratio Rank: 42

CP9U.L

CP9U.L Risk / Return Rank: 11
CP9U.L Sharpe Ratio Rank: 11
CP9U.L Sortino Ratio Rank: 10
CP9U.L Omega Ratio Rank: 10
CP9U.L Calmar Ratio Rank: 11
CP9U.L Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LGAG.L vs. CP9U.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and Amundi MSCI Pacific ex Japan UCITS DR (CP9U.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.

	LGAG.L	CP9U.L	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.48	+0.93
Sortino ratio: Return per unit of downside risk	2.10	0.78	+1.32
Omega ratio: Gain probability vs. loss probability	1.26	1.09	+0.16
Calmar ratio: Return relative to maximum drawdown	2.22	0.76	+1.46
Martin ratio: Return relative to average drawdown	6.12	1.95	+4.17

LGAG.L vs. CP9U.L - Sharpe Ratio Comparison

The current LGAG.L Sharpe Ratio is 1.41, which is higher than the CP9U.L Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of LGAG.L and CP9U.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LGAG.L vs. CP9U.L - Drawdown Comparison

The maximum LGAG.L drawdown since its inception was -35.16%, which is greater than CP9U.L's maximum drawdown of -32.76%. Use the drawdown chart below to compare losses from any high point for LGAG.L and CP9U.L.

Drawdown Indicators

	LGAG.L	CP9U.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.16%	-32.76%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-8.20%	+0.96%
Max Drawdown (3Y) Largest decline over 3 years	-21.32%	-15.58%	-5.74%
Max Drawdown (5Y) Largest decline over 5 years	-21.32%	-18.34%	-2.98%
Current Drawdown Current decline from peak	-3.50%	-3.92%	+0.42%
Average Drawdown Average peak-to-trough decline	-9.28%	-6.96%	-2.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.22%	-0.59%

Volatility

LGAG.L vs. CP9U.L - Volatility Comparison

The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) is 3.83%, while Amundi MSCI Pacific ex Japan UCITS DR (CP9U.L) has a volatility of 4.57%. This indicates that LGAG.L experiences smaller price fluctuations and is considered to be less risky than CP9U.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGAG.L	CP9U.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	4.57%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	10.69%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	13.07%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.44%	14.98%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.14%	16.67%	+4.47%

LGAG.L vs. CP9U.L - Expense Ratio Comparison

LGAG.L has a 0.10% expense ratio, which is lower than CP9U.L's 0.35% expense ratio.

Dividends

LGAG.L vs. CP9U.L - Dividend Comparison

Neither LGAG.L nor CP9U.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LGAG.L and CP9U.L in my portfolio?

LGAG.L and CP9U.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGAG.L or CP9U.L?

On fees, LGAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGAG.L or CP9U.L?

LGAG.L is cheaper with a 0.10% expense ratio, compared with 0.35% for CP9U.L.

What is the main difference between LGAG.L and CP9U.L?

Both ETFs track MSCI Pacific Ex Japan NR USD. They also come from different issuers: Legal & General and Amundi. Their fees differ too: 0.10% for LGAG.L and 0.35% for CP9U.L.