LGJP.L vs. DXJA.L
LGJP.L (L&G Japan Equity UCITS ETF) and DXJA.L (WisdomTree Japan Equity UCITS ETF USD Hedged Acc) are both Japan Equities funds - LGJP.L tracks the L&G Japan Equity UCITS ETF while DXJA.L tracks the WisdomTree Japan Hedged Equity UCITS Index. Both are passively managed. Over the past 5 years, LGJP.L returned 9.51%/yr vs 27.43%/yr for DXJA.L. Their correlation of 0.80 suggests significant overlap in exposure. LGJP.L charges 0.10%/yr vs 0.48%/yr for DXJA.L.
Performance
LGJP.L vs. DXJA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LGJP.L achieves a 15.08% return, which is significantly lower than DXJA.L's 23.53% return.
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
DXJA.L
- 1D
- -0.74%
- 1M
- 2.08%
- 6M
- 15.31%
- YTD
- 23.53%
- 1Y
- 55.91%
- 3Y*
- 33.11%
- 5Y*
- 27.43%
- 10Y*
- —
LGJP.L vs. DXJA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
DXJA.L WisdomTree Japan Equity UCITS ETF USD Hedged Acc | 23.53% | 33.46% | 28.94% | 41.24% | 6.24% | 17.35% | 4.48% | 17.49% | -12.30% |
Correlation
The correlation between LGJP.L and DXJA.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.80 |
The correlation between LGJP.L and DXJA.L has been stable across timeframes, ranging from 0.78 to 0.86 - 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
LGJP.L vs. DXJA.L — Risk / Return Rank
LGJP.L
DXJA.L
LGJP.L vs. DXJA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Japan Equity UCITS ETF (LGJP.L) and WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.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.
| LGJP.L | DXJA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.49 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 5.51 | -2.98 |
| Martin ratioReturn relative to average drawdown | 8.18 | 18.98 | -10.80 |
Loading charts...
Drawdowns
LGJP.L vs. DXJA.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, smaller than the maximum DXJA.L drawdown of -37.51%. Use the drawdown chart below to compare losses from any high point for LGJP.L and DXJA.L.
Loading charts...
Drawdown Indicators
| LGJP.L | DXJA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -37.51% | +5.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -10.10% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -23.01% | +8.71% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | -23.01% | -9.18% |
Current DrawdownCurrent decline from peak | -3.27% | -1.57% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -6.66% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.94% | +1.14% |
Volatility
LGJP.L vs. DXJA.L - Volatility Comparison
L&G Japan Equity UCITS ETF (LGJP.L) has a higher volatility of 6.42% compared to WisdomTree Japan Equity UCITS ETF USD Hedged Acc (DXJA.L) at 5.86%. This indicates that LGJP.L's price experiences larger fluctuations and is considered to be riskier than DXJA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LGJP.L | DXJA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 5.86% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 16.15% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 20.12% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 19.40% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 19.24% | -0.94% |
LGJP.L vs. DXJA.L - Expense Ratio Comparison
LGJP.L has a 0.10% expense ratio, which is lower than DXJA.L's 0.48% expense ratio.
Dividends
LGJP.L vs. DXJA.L - Dividend Comparison
Neither LGJP.L nor DXJA.L has paid dividends to shareholders.
Frequently Asked Questions
LGJP.L and DXJA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGJP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.48% for DXJA.L.
LGJP.L tracks L&G Japan Equity UCITS ETF, while DXJA.L tracks WisdomTree Japan Hedged Equity UCITS Index. They also come from different issuers: L&G and WisdomTree. Their fees differ too: 0.10% for LGJP.L and 0.48% for DXJA.L.
Find the right allocation for LGJP.L and DXJA.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