LGAP.L vs. LGJP.L
LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF) and LGJP.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds from L&G - LGAP.L tracks the L&G Asia Pacific ex Japan Equity UCITS ETF while LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, LGAP.L returned 5.54%/yr vs 9.51%/yr for LGJP.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
LGAP.L vs. LGJP.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGAP.L achieves a 9.64% return, which is significantly lower than LGJP.L's 15.08% 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*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
LGAP.L vs. LGJP.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% |
LGJP.L L&G Japan Equity UCITS ETF | 15.08% | 25.67% | 8.35% | 20.25% | -16.76% | 1.05% | 16.58% | 18.59% | -7.06% |
Correlation
The correlation between LGAP.L and LGJP.L is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.68 |
The correlation between LGAP.L and LGJP.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
LGAP.L vs. LGJP.L — Risk / Return Rank
LGAP.L
LGJP.L
LGAP.L vs. LGJP.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 L&G Japan Equity UCITS ETF (LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.53 | -0.80 |
| Martin ratioReturn relative to average drawdown | 4.58 | 8.18 | -3.60 |
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Drawdowns
LGAP.L vs. LGJP.L - Drawdown Comparison
The maximum LGAP.L drawdown since its inception was -38.56%, which is greater than LGJP.L's maximum drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for LGAP.L and LGJP.L.
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Drawdown Indicators
| LGAP.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -32.19% | -6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -13.20% | +4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -14.30% | -4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -32.19% | +7.88% |
Current DrawdownCurrent decline from peak | -2.20% | -3.27% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -7.57% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 4.08% | -0.87% |
Volatility
LGAP.L vs. LGJP.L - Volatility Comparison
The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) is 3.45%, while L&G Japan Equity UCITS ETF (LGJP.L) has a volatility of 6.42%. This indicates that LGAP.L experiences smaller price fluctuations and is considered to be less risky than LGJP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGAP.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.45% | 6.42% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 17.61% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 21.09% | -7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 18.15% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 18.30% | +0.96% |
LGAP.L vs. LGJP.L - Expense Ratio Comparison
Both LGAP.L and LGJP.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LGAP.L vs. LGJP.L - Dividend Comparison
Neither LGAP.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
LGAP.L and LGJP.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LGAP.L and LGJP.L have the same expense ratio: 0.10% per year.
LGAP.L tracks L&G Asia Pacific ex Japan Equity UCITS ETF, while LGJP.L tracks L&G Japan Equity UCITS ETF.
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