SAJP.L vs. LGJG.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and LGJG.L (L&G Japan Equity UCITS ETF) are both Japan Equities funds - SAJP.L tracks the iShares MSCI Japan Screened UCITS ETF USD (Acc) while LGJG.L tracks the TOPIX TR JPY. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 9.78%/yr for LGJG.L. Their correlation of 0.92 suggests significant overlap in exposure. SAJP.L charges 0.15%/yr vs 0.10%/yr for LGJG.L.
Performance
SAJP.L vs. LGJG.L - Performance Comparison
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Different Trading Currencies
SAJP.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
The year-to-date returns for both stocks are quite close, with SAJP.L having a 16.26% return and LGJG.L slightly lower at 16.04%.
SAJP.L
- 1D
- -1.17%
- 1M
- -1.57%
- 6M
- 10.14%
- YTD
- 16.26%
- 1Y
- 35.58%
- 3Y*
- 17.39%
- 5Y*
- 9.04%
- 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*
- —
SAJP.L vs. LGJG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SAJP.L iShares MSCI Japan Screened UCITS ETF USD (Acc) | 16.26% | 25.26% | 6.44% | 20.16% | -17.41% | 0.61% | 17.09% | 19.24% | -7.66% |
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 SAJP.L and LGJG.L is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.92 |
The correlation between SAJP.L and LGJG.L has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. LGJG.L — Risk / Return Rank
SAJP.L
LGJG.L
SAJP.L vs. LGJG.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 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.
| SAJP.L | LGJG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.66 | +0.09 |
| Martin ratioReturn relative to average drawdown | 8.96 | 8.86 | +0.10 |
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Drawdowns
SAJP.L vs. LGJG.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, smaller than the maximum LGJG.L drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for SAJP.L and LGJG.L.
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Drawdown Indicators
| SAJP.L | LGJG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -36.86% | +4.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -13.22% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -18.70% | +4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -32.41% | -0.30% |
Current DrawdownCurrent decline from peak | -4.79% | -2.26% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -12.63% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.98% | -0.02% |
Volatility
SAJP.L vs. LGJG.L - Volatility Comparison
iShares MSCI Japan Screened UCITS ETF USD (Acc) (SAJP.L) has a higher volatility of 7.13% compared to L&G Japan Equity UCITS ETF (LGJG.L) at 6.30%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than LGJG.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 | LGJG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 6.30% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 16.59% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 20.31% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 22.57% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 22.81% | -3.89% |
SAJP.L vs. LGJG.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is higher than LGJG.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SAJP.L vs. LGJG.L - Dividend Comparison
Neither SAJP.L nor LGJG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SAJP.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.
On fees, LGJG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGJG.L is cheaper with a 0.10% expense ratio, compared with 0.15% for SAJP.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while LGJG.L tracks TOPIX TR JPY. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.15% for SAJP.L and 0.10% for LGJG.L.
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