LGJP.L vs. LGJG.L
LGJP.L (L&G Japan Equity UCITS ETF) and LGJG.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - LGJP.L tracks the L&G Japan Equity UCITS ETF while LGJG.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, LGJP.L returned 9.51%/yr vs 9.78%/yr for LGJG.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
LGJP.L vs. LGJG.L - Performance Comparison
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Different Trading Currencies
LGJP.L is traded in USD, while LGJG.L is traded in GBp. To make them comparable, the LGJG.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 LGJG.L's 16.04% 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*
- —
LGJG.L
- 1D
- -0.65%
- 1M
- 0.84%
- 6M
- 10.49%
- YTD
- 16.04%
- 1Y
- 35.34%
- 3Y*
- 18.24%
- 5Y*
- 9.78%
- 10Y*
- —
LGJP.L vs. LGJG.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% |
LGJG.L L&G Japan Equity UCITS ETF | 16.04% | 26.32% | 8.18% | 19.64% | -16.80% | 1.36% | 16.14% | 19.48% | -28.58% |
Correlation
The correlation between LGJP.L and LGJG.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.93 |
The correlation between LGJP.L and LGJG.L has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
LGJP.L vs. LGJG.L — Risk / Return Rank
LGJP.L
LGJG.L
LGJP.L vs. LGJG.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 Japan Equity UCITS ETF (LGJG.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 | LGJG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 2.66 | -0.14 |
| Martin ratioReturn relative to average drawdown | 8.18 | 8.86 | -0.67 |
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Drawdowns
LGJP.L vs. LGJG.L - Drawdown Comparison
The maximum LGJP.L drawdown since its inception was -32.19%, smaller than the maximum LGJG.L drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for LGJP.L and LGJG.L.
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Drawdown Indicators
| LGJP.L | LGJG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.19% | -36.86% | +4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -13.22% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -14.30% | -18.70% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.19% | -32.41% | +0.22% |
Current DrawdownCurrent decline from peak | -3.27% | -2.26% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -12.63% | +5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 3.98% | +0.10% |
Volatility
LGJP.L vs. LGJG.L - Volatility Comparison
L&G Japan Equity UCITS ETF (LGJP.L) and L&G Japan Equity UCITS ETF (LGJG.L) have volatilities of 6.42% and 6.30%, 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 | LGJG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 6.30% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 16.59% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 20.31% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 22.57% | -4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 22.81% | -4.51% |
LGJP.L vs. LGJG.L - Expense Ratio Comparison
Both LGJP.L and LGJG.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. LGJG.L - Dividend Comparison
Neither LGJP.L nor LGJG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, LGJP.L and LGJG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 LGJG.L have the same expense ratio: 0.10% per year.
LGJP.L tracks L&G Japan Equity UCITS ETF, while LGJG.L tracks TOPIX TR JPY. They also come from different issuers: L&G and Legal & General.
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