SAJP.L vs. LDAP.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while LDAP.L tracks the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 9.64%/yr for LDAP.L. A 0.63 correlation means they provide meaningful diversification when combined. SAJP.L charges 0.15%/yr vs 0.40%/yr for LDAP.L.
Performance
SAJP.L vs. LDAP.L - Performance Comparison
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Returns By Period
In the year-to-date period, SAJP.L achieves a 16.26% return, which is significantly lower than LDAP.L's 17.12% return.
SAJP.L
- 1D
- -1.17%
- 1M
- -1.57%
- 6M
- 10.14%
- YTD
- 16.26%
- 1Y
- 35.58%
- 3Y*
- 17.39%
- 5Y*
- 9.04%
- 10Y*
- —
LDAP.L
- 1D
- 1.71%
- 1M
- -1.56%
- 6M
- 15.58%
- YTD
- 17.12%
- 1Y
- 24.38%
- 3Y*
- 20.08%
- 5Y*
- 9.64%
- 10Y*
- —
SAJP.L vs. LDAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 16.26% | 25.26% | 6.44% | 20.16% | -17.41% | -1.89% |
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 17.12% | 35.59% | 3.81% | 9.13% | -8.93% | -99.00% |
Correlation
The correlation between SAJP.L and LDAP.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021 | 0.63 |
The correlation between SAJP.L and LDAP.L has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. LDAP.L — Risk / Return Rank
SAJP.L
LDAP.L
SAJP.L vs. LDAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) and L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.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.
| SAJP.L | LDAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.31 | +0.44 |
| Martin ratioReturn relative to average drawdown | 8.96 | 6.22 | +2.74 |
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Drawdowns
SAJP.L vs. LDAP.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum LDAP.L drawdown of -99.33%. Use the drawdown chart below to compare losses from any high point for SAJP.L and LDAP.L.
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Drawdown Indicators
| SAJP.L | LDAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -99.33% | +66.62% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -10.85% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -24.47% | +10.00% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -34.61% | +1.90% |
Current DrawdownCurrent decline from peak | -4.79% | -98.38% | +93.59% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -98.71% | +90.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.04% | -0.08% |
Volatility
SAJP.L vs. LDAP.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) at 4.91%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than LDAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SAJP.L | LDAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 4.91% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 13.37% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 15.84% | +5.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 28.07% | -9.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 51.15% | -32.23% |
SAJP.L vs. LDAP.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is lower than LDAP.L's 0.40% expense ratio.
Dividends
SAJP.L vs. LDAP.L - Dividend Comparison
SAJP.L has not paid dividends to shareholders, while LDAP.L's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis | 3.83% | 4.23% | 4.86% | 5.25% | 4.92% | 2.23% |
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SAJP.L and LDAP.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAJP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAJP.L is cheaper with a 0.15% expense ratio, compared with 0.40% for LDAP.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis. They also come from different issuers: iShares and L&G. Their fees differ too: 0.15% for SAJP.L and 0.40% for LDAP.L.
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