LUK2.L vs. LGJP.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF) and LGJP.L (L&G Japan Equity UCITS ETF) are both exchange-traded funds - LUK2.L is a Technology Equities fund tracking the L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while LGJP.L is a Japan Equities fund tracking the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, LUK2.L returned 16.82%/yr vs 10.04%/yr for LGJP.L. A 0.53 correlation means they provide meaningful diversification when combined. LUK2.L charges 0.50%/yr vs 0.10%/yr for LGJP.L.
Performance
LUK2.L vs. LGJP.L - Performance Comparison
Loading charts...
Different Trading Currencies
LUK2.L is traded in GBp, while LGJP.L is traded in USD. To make them comparable, the LGJP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LUK2.L achieves a 10.52% return, which is significantly lower than LGJP.L's 15.40% return.
LUK2.L
- 1D
- -0.45%
- 1M
- 0.70%
- 6M
- 5.28%
- YTD
- 10.52%
- 1Y
- 34.49%
- 3Y*
- 23.66%
- 5Y*
- 16.82%
- 10Y*
- 10.28%
LGJP.L
- 1D
- 0.00%
- 1M
- -0.59%
- 6M
- 9.38%
- YTD
- 15.40%
- 1Y
- 33.41%
- 3Y*
- 16.86%
- 5Y*
- 10.04%
- 10Y*
- —
LUK2.L vs. LGJP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF | 10.52% | 43.73% | 9.81% | 6.59% | 3.75% | 34.76% | -30.43% | 32.52% | -11.02% |
LGJP.L L&G Japan Equity UCITS ETF | 15.40% | 16.72% | 10.25% | 14.24% | -6.86% | 2.01% | 13.16% | 14.08% | -5.47% |
Correlation
The correlation between LUK2.L and LGJP.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.53 |
The correlation between LUK2.L and LGJP.L has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LUK2.L vs. LGJP.L — Risk / Return Rank
LUK2.L
LGJP.L
LUK2.L vs. LGJP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) and L&G Japan Equity UCITS ETF (LGJP.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.
| LUK2.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 3.08 | -1.24 |
| Martin ratioReturn relative to average drawdown | 5.39 | 9.53 | -4.14 |
Loading charts...
Drawdowns
LUK2.L vs. LGJP.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, which is greater than LGJP.L's maximum drawdown of -23.10%. Use the drawdown chart below to compare losses from any high point for LUK2.L and LGJP.L.
Loading charts...
Drawdown Indicators
| LUK2.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -23.10% | -35.74% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -10.76% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -13.79% | -11.63% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -18.15% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -8.09% | -4.57% | -3.52% |
Average DrawdownAverage peak-to-trough decline | -10.68% | -4.98% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 3.49% | +2.85% |
Volatility
LUK2.L vs. LGJP.L - Volatility Comparison
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF (LUK2.L) and L&G Japan Equity UCITS ETF (LGJP.L) have volatilities of 6.11% and 6.43%, 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.
Loading charts...
Volatility by Period
| LUK2.L | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.11% | 6.43% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 19.64% | 16.88% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.61% | 19.99% | +2.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 16.80% | +8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 17.43% | +12.22% |
LUK2.L vs. LGJP.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is higher than LGJP.L's 0.10% expense ratio.
Dividends
LUK2.L vs. LGJP.L - Dividend Comparison
Neither LUK2.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
LUK2.L and LGJP.L have a correlation of 0.47, 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 0.50% for LUK2.L.
LUK2.L is categorized as Technology Equities, while LGJP.L is Japan Equities. LUK2.L tracks L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF, while LGJP.L tracks L&G Japan Equity UCITS ETF. Their fees differ too: 0.50% for LUK2.L and 0.10% for LGJP.L.
Find the right allocation for LUK2.L and LGJP.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer