LGJP.L vs. IJPD.L
LGJP.L (L&G Japan Equity UCITS ETF) and IJPD.L (iShares MSCI Japan USD Hedged UCITS ETF Accumulating) are both Japan Equities funds - LGJP.L tracks the L&G Japan Equity UCITS ETF while IJPD.L tracks the MSCI Japan 100% Hedged to USD Net TR Index. Both are passively managed. Over the past 5 years, LGJP.L returned 9.51%/yr vs 21.89%/yr for IJPD.L. Their correlation of 0.84 suggests significant overlap in exposure. LGJP.L charges 0.10%/yr vs 0.64%/yr for IJPD.L.
Performance
LGJP.L vs. IJPD.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGJP.L achieves a 15.08% return, which is significantly lower than IJPD.L's 22.10% 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*
- —
IJPD.L
- 1D
- -1.07%
- 1M
- 0.56%
- 6M
- 14.39%
- YTD
- 22.10%
- 1Y
- 52.00%
- 3Y*
- 28.86%
- 5Y*
- 21.89%
- 10Y*
- 16.33%
LGJP.L vs. IJPD.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% |
IJPD.L iShares MSCI Japan USD Hedged UCITS ETF Accumulating | 22.10% | 29.04% | 24.14% | 35.59% | -3.08% | 12.22% | 10.80% | 18.74% | -10.52% |
Correlation
The correlation between LGJP.L and IJPD.L is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.84 |
The correlation between LGJP.L and IJPD.L has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
LGJP.L vs. IJPD.L — Risk / Return Rank
LGJP.L
IJPD.L
LGJP.L vs. IJPD.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 iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.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 | IJPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.45 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 5.55 | -3.03 |
| Martin ratioReturn relative to average drawdown | 8.18 | 18.34 | -10.16 |
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Drawdowns
LGJP.L vs. IJPD.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, roughly equal to the maximum IJPD.L drawdown of -31.09%. Use the drawdown chart below to compare losses from any high point for LGJP.L and IJPD.L.
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Drawdown Indicators
| LGJP.L | IJPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -31.09% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -9.32% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -21.80% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | -21.80% | -10.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.09% | — |
Current DrawdownCurrent decline from peak | -3.27% | -3.28% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -6.71% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.83% | +1.25% |
Volatility
LGJP.L vs. IJPD.L - Volatility Comparison
L&G Japan Equity UCITS ETF (LGJP.L) and iShares MSCI Japan USD Hedged UCITS ETF Accumulating (IJPD.L) have volatilities of 6.42% and 6.63%, 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.
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Volatility by Period
| LGJP.L | IJPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 6.63% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 16.49% | +1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 20.77% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 18.97% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 18.64% | -0.34% |
LGJP.L vs. IJPD.L - Expense Ratio Comparison
LGJP.L has a 0.10% expense ratio, which is lower than IJPD.L's 0.64% expense ratio.
Dividends
LGJP.L vs. IJPD.L - Dividend Comparison
Neither LGJP.L nor IJPD.L has paid dividends to shareholders.
Frequently Asked Questions
LGJP.L and IJPD.L have a correlation of 0.88, 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 0.64% for IJPD.L.
LGJP.L tracks L&G Japan Equity UCITS ETF, while IJPD.L tracks MSCI Japan 100% Hedged to USD Net TR Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for LGJP.L and 0.64% for IJPD.L.
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