LGJP.L vs. DXJP.L

Last updated Jul 16, 2026

LGJP.L (L&G Japan Equity UCITS ETF) and DXJP.L (WisdomTree Japan Equity UCITS ETF GBP Hedged) are both Japan Equities funds - LGJP.L tracks the L&G Japan Equity UCITS ETF while DXJP.L tracks the WisdomTree Japan Equity Index (GBP Hedged). Both are passively managed. Over the past 5 years, LGJP.L returned 9.51%/yr vs 26.19%/yr for DXJP.L. Their correlation of 0.82 suggests significant overlap in exposure. LGJP.L charges 0.10%/yr vs 0.45%/yr for DXJP.L.

Performance

LGJP.L vs. DXJP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Japan Equity UCITS ETF (LGJP.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, LGJP.L achieves a 15.08% return, which is significantly lower than DXJP.L's 23.47% 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*: —

DXJP.L

• 1D: 0.46%
• 1M: 3.07%
• 6M: 16.63%
• YTD: 23.47%
• 1Y: 56.30%
• 3Y*: 34.05%
• 5Y*: 26.19%
• 10Y*: 17.74%

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

LGJP.L vs. DXJP.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%
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	23.47%	43.48%	26.35%	47.75%	-6.42%	15.88%	6.00%	18.81%	-14.55%

Correlation

The correlation between LGJP.L and DXJP.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	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.82

The correlation between LGJP.L and DXJP.L has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

Return for Risk

LGJP.L vs. DXJP.L — Risk / Return Rank

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

LGJP.L

LGJP.L Risk / Return Rank: 60
LGJP.L Sharpe Ratio Rank: 58
LGJP.L Sortino Ratio Rank: 59
LGJP.L Omega Ratio Rank: 59
LGJP.L Calmar Ratio Rank: 63
LGJP.L Martin Ratio Rank: 59

DXJP.L

DXJP.L Risk / Return Rank: 93
DXJP.L Sharpe Ratio Rank: 93
DXJP.L Sortino Ratio Rank: 92
DXJP.L Omega Ratio Rank: 91
DXJP.L Calmar Ratio Rank: 94
DXJP.L Martin Ratio Rank: 92

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.

LGJP.L vs. DXJP.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 GBP Hedged (DXJP.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	DXJP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.60	-1.02
Sortino ratio: Return per unit of downside risk	2.28	3.53	-1.25
Omega ratio: Gain probability vs. loss probability	1.29	1.45	-0.15
Calmar ratio: Return relative to maximum drawdown	2.53	5.09	-2.57
Martin ratio: Return relative to average drawdown	8.18	16.92	-8.73

LGJP.L vs. DXJP.L - Sharpe Ratio Comparison

The current LGJP.L Sharpe Ratio is 1.58, which is lower than the DXJP.L Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of LGJP.L and DXJP.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

LGJP.L vs. DXJP.L - Drawdown Comparison

The maximum LGJP.L drawdown since its inception was -32.19%, smaller than the maximum DXJP.L drawdown of -51.37%. Use the drawdown chart below to compare losses from any high point for LGJP.L and DXJP.L.

Drawdown Indicators

	LGJP.L	DXJP.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.19%	-51.37%	+19.18%
Max Drawdown (1Y) Largest decline over 1 year	-13.20%	-11.00%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.30%	-23.79%	+9.49%
Max Drawdown (5Y) Largest decline over 5 years	-32.19%	-24.92%	-7.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.37%	—
Current Drawdown Current decline from peak	-3.27%	-0.48%	-2.79%
Average Drawdown Average peak-to-trough decline	-7.57%	-13.15%	+5.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	3.32%	+0.76%

Volatility

LGJP.L vs. DXJP.L - Volatility Comparison

L&G Japan Equity UCITS ETF (LGJP.L) and WisdomTree Japan Equity UCITS ETF GBP Hedged (DXJP.L) have volatilities of 6.42% and 6.26%, 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.

Volatility by Period

	LGJP.L	DXJP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	6.26%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	17.61%	17.11%	+0.50%
Volatility (1Y) Calculated over the trailing 1-year period	21.09%	21.55%	-0.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	22.12%	-3.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	21.90%	-3.60%

LGJP.L vs. DXJP.L - Expense Ratio Comparison

LGJP.L has a 0.10% expense ratio, which is lower than DXJP.L's 0.45% expense ratio.

Dividends

LGJP.L vs. DXJP.L - Dividend Comparison

LGJP.L has not paid dividends to shareholders, while DXJP.L's dividend yield for the trailing twelve months is around 0.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DXJP.L WisdomTree Japan Equity UCITS ETF GBP Hedged	0.84%	1.58%	1.61%	1.92%	2.49%	1.62%	1.64%	2.26%	2.41%	1.34%	0.62%
LGJP.L L&G Japan Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGJP.L and DXJP.L in my portfolio?

LGJP.L and DXJP.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.

Which ETF is better, LGJP.L or DXJP.L?

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.

Which ETF is cheaper, LGJP.L or DXJP.L?

LGJP.L is cheaper with a 0.10% expense ratio, compared with 0.45% for DXJP.L.

What is the main difference between LGJP.L and DXJP.L?

LGJP.L tracks L&G Japan Equity UCITS ETF, while DXJP.L tracks WisdomTree Japan Equity Index (GBP Hedged). They also come from different issuers: L&G and WisdomTree. Their fees differ too: 0.10% for LGJP.L and 0.45% for DXJP.L.