LGJP.L vs. EMAU.L
LGJP.L (L&G Japan Equity UCITS ETF USD (Acc)) and EMAU.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc)) are both exchange-traded funds - LGJP.L is a Japan Equities fund tracking the Solactive Core Japan Large & Mid Cap USD Index NTR, while EMAU.L is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index. Both are passively managed. Over the past 3 years, LGJP.L returned 16.40%/yr vs 6.29%/yr for EMAU.L. At a 0.39 correlation, their price movements are largely independent. LGJP.L charges 0.10%/yr vs 0.35%/yr for EMAU.L.
Performance
LGJP.L vs. EMAU.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGJP.L achieves a 12.44% return, which is significantly higher than EMAU.L's 1.29% return.
LGJP.L
- 1D
- -2.11%
- 1M
- -4.31%
- 6M
- 6.50%
- YTD
- 12.44%
- 1Y
- 29.74%
- 3Y*
- 16.40%
- 5Y*
- 9.00%
- 10Y*
- —
EMAU.L
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 1.01%
- YTD
- 1.29%
- 1Y
- 5.26%
- 3Y*
- 6.29%
- 5Y*
- —
- 10Y*
- —
LGJP.L vs. EMAU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LGJP.L L&G Japan Equity UCITS ETF USD (Acc) | 12.44% | 25.67% | 8.35% | 20.25% | -16.76% | -0.19% |
EMAU.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 1.29% | 8.06% | 5.68% | 6.84% | -11.34% | -1.23% |
Correlation
The correlation between LGJP.L and EMAU.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021 | 0.39 |
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Return for Risk
LGJP.L vs. EMAU.L — Risk / Return Rank
LGJP.L
EMAU.L
LGJP.L vs. EMAU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Japan Equity UCITS ETF USD (Acc) (LGJP.L) and L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAU.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 | EMAU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.18 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.24 | 9.66 | -2.42 |
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Drawdowns
LGJP.L vs. EMAU.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, which is greater than EMAU.L's maximum drawdown of -19.62%. Use the drawdown chart below to compare losses from any high point for LGJP.L and EMAU.L.
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Drawdown Indicators
| LGJP.L | EMAU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -19.62% | -12.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -2.55% | -10.65% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -3.01% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | — | — |
Current DrawdownCurrent decline from peak | -5.49% | -0.27% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -5.68% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 0.57% | +3.53% |
Volatility
LGJP.L vs. EMAU.L - Volatility Comparison
L&G Japan Equity UCITS ETF USD (Acc) (LGJP.L) has a higher volatility of 6.68% compared to L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAU.L) at 0.85%. This indicates that LGJP.L's price experiences larger fluctuations and is considered to be riskier than EMAU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGJP.L | EMAU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 0.85% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 17.75% | 2.81% | +14.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.21% | 3.39% | +17.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.17% | 5.58% | +12.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 5.58% | +12.73% |
LGJP.L vs. EMAU.L - Expense Ratio Comparison
LGJP.L has a 0.10% expense ratio, which is lower than EMAU.L's 0.35% expense ratio.
Dividends
LGJP.L vs. EMAU.L - Dividend Comparison
Neither LGJP.L nor EMAU.L has paid dividends to shareholders.
Frequently Asked Questions
LGJP.L and EMAU.L have a correlation of 0.41, 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 0.35% for EMAU.L.
LGJP.L is categorized as Japan Equities, while EMAU.L is Emerging Markets Bonds. LGJP.L tracks Solactive Core Japan Large & Mid Cap USD Index NTR, while EMAU.L tracks J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index. Their fees differ too: 0.10% for LGJP.L and 0.35% for EMAU.L.
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