LGAP.L vs. CJPU.L
LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF) and CJPU.L (iShares MSCI Japan UCITS ETF USD (Acc)) are both Japan Equities funds - LGAP.L tracks the L&G Asia Pacific ex Japan Equity UCITS ETF while CJPU.L tracks the MSCI Japan Index (Net). Both are passively managed. Over the past 5 years, LGAP.L returned 5.54%/yr vs 9.27%/yr for CJPU.L. A 0.67 correlation means they provide meaningful diversification when combined. LGAP.L charges 0.10%/yr vs 0.12%/yr for CJPU.L.
Performance
LGAP.L vs. CJPU.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LGAP.L achieves a 9.64% return, which is significantly lower than CJPU.L's 15.49% return.
LGAP.L
- 1D
- -0.40%
- 1M
- 0.61%
- 6M
- 7.65%
- YTD
- 9.64%
- 1Y
- 15.23%
- 3Y*
- 12.38%
- 5Y*
- 5.54%
- 10Y*
- —
CJPU.L
- 1D
- -0.89%
- 1M
- -1.47%
- 6M
- 9.41%
- YTD
- 15.49%
- 1Y
- 35.30%
- 3Y*
- 17.79%
- 5Y*
- 9.27%
- 10Y*
- 9.05%
LGAP.L vs. CJPU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF | 9.64% | 20.97% | 4.67% | 4.82% | -5.65% | 2.87% | 8.44% | 17.78% | -1.30% |
CJPU.L iShares MSCI Japan UCITS ETF USD (Acc) | 15.49% | 26.13% | 7.33% | 20.25% | -17.32% | 0.50% | 16.08% | 17.64% | -7.43% |
Correlation
The correlation between LGAP.L and CJPU.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.67 |
The correlation between LGAP.L and CJPU.L has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LGAP.L vs. CJPU.L — Risk / Return Rank
LGAP.L
CJPU.L
LGAP.L vs. CJPU.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 (LGAP.L) and iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.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.
| LGAP.L | CJPU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.76 | -1.03 |
| Martin ratioReturn relative to average drawdown | 4.58 | 9.02 | -4.44 |
Loading charts...
Drawdowns
LGAP.L vs. CJPU.L - Drawdown Comparison
The maximum LGAP.L drawdown since its inception was -38.56%, which is greater than CJPU.L's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for LGAP.L and CJPU.L.
Loading charts...
Drawdown Indicators
| LGAP.L | CJPU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -32.64% | -5.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -12.79% | +4.29% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -14.74% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -32.64% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.64% | — |
Current DrawdownCurrent decline from peak | -2.20% | -4.54% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -5.86% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.92% | -0.71% |
Volatility
LGAP.L vs. CJPU.L - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) is 3.45%, while iShares MSCI Japan UCITS ETF USD (Acc) (CJPU.L) has a volatility of 6.79%. This indicates that LGAP.L experiences smaller price fluctuations and is considered to be less risky than CJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LGAP.L | CJPU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.79% | -3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 18.10% | -6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 21.69% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 18.41% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 17.10% | +2.16% |
LGAP.L vs. CJPU.L - Expense Ratio Comparison
LGAP.L has a 0.10% expense ratio, which is lower than CJPU.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LGAP.L vs. CJPU.L - Dividend Comparison
Neither LGAP.L nor CJPU.L has paid dividends to shareholders.
Frequently Asked Questions
LGAP.L and CJPU.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGAP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGAP.L is cheaper with a 0.10% expense ratio, compared with 0.12% for CJPU.L.
LGAP.L tracks L&G Asia Pacific ex Japan Equity UCITS ETF, while CJPU.L tracks MSCI Japan Index (Net). They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for LGAP.L and 0.12% for CJPU.L.
Find the right allocation for LGAP.L and CJPU.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer