LGJP.L vs. LGAP.L
LGJP.L (L&G Japan Equity UCITS ETF) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Japan Equities funds from L&G - LGJP.L tracks the L&G Japan Equity UCITS ETF while LGAP.L tracks the L&G Asia Pacific ex Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, LGJP.L returned 9.51%/yr vs 5.54%/yr for LGAP.L. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.
Performance
LGJP.L vs. LGAP.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 higher than LGAP.L's 9.64% 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*
- —
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 vs. LGAP.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% |
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% |
Correlation
The correlation between LGJP.L and LGAP.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 LGJP.L and LGAP.L has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
LGJP.L vs. LGAP.L — Risk / Return Rank
LGJP.L
LGAP.L
LGJP.L vs. LGAP.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 L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.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 | LGAP.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 | 1.29 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 1.72 | +0.80 |
| Martin ratioReturn relative to average drawdown | 8.18 | 4.58 | +3.60 |
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Drawdowns
LGJP.L vs. LGAP.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, smaller than the maximum LGAP.L drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for LGJP.L and LGAP.L.
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Drawdown Indicators
| LGJP.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -38.56% | +6.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -8.50% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -19.01% | +4.71% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | -24.31% | -7.88% |
Current DrawdownCurrent decline from peak | -3.27% | -2.20% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -7.75% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 3.21% | +0.87% |
Volatility
LGJP.L vs. LGAP.L - Volatility Comparison
L&G Japan Equity UCITS ETF (LGJP.L) has a higher volatility of 6.42% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (LGAP.L) at 3.45%. This indicates that LGJP.L's price experiences larger fluctuations and is considered to be riskier than LGAP.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 | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 3.45% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 11.66% | +5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 14.03% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 17.46% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 19.26% | -0.96% |
LGJP.L vs. LGAP.L - Expense Ratio Comparison
Both LGJP.L and LGAP.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
LGJP.L vs. LGAP.L - Dividend Comparison
Neither LGJP.L nor LGAP.L has paid dividends to shareholders.
Frequently Asked Questions
LGJP.L and LGAP.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.
LGJP.L and LGAP.L have the same expense ratio: 0.10% per year.
LGJP.L tracks L&G Japan Equity UCITS ETF, while LGAP.L tracks L&G Asia Pacific ex Japan Equity UCITS ETF.
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