SAJP.L vs. LGJP.L
SAJP.L (iShares MSCI Japan Screened UCITS ETF USD (Acc)) and LGJP.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 LGJP.L tracks the L&G Japan Equity UCITS ETF. Both are passively managed. Over the past 5 years, SAJP.L returned 9.04%/yr vs 9.51%/yr for LGJP.L. With a 0.97 correlation, they move nearly in lockstep. SAJP.L charges 0.15%/yr vs 0.10%/yr for LGJP.L.
Performance
SAJP.L vs. LGJP.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 higher than LGJP.L's 15.08% 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*
- —
LGJP.L
- 1D
- -0.68%
- 1M
- -0.39%
- 6M
- 9.30%
- YTD
- 15.08%
- 1Y
- 33.92%
- 3Y*
- 17.92%
- 5Y*
- 9.51%
- 10Y*
- —
SAJP.L vs. LGJP.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% |
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% |
Correlation
The correlation between SAJP.L and LGJP.L is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.97 |
The correlation between SAJP.L and LGJP.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SAJP.L vs. LGJP.L — Risk / Return Rank
SAJP.L
LGJP.L
SAJP.L vs. LGJP.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 (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.
| SAJP.L | LGJP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.53 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.96 | 8.18 | +0.78 |
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Drawdowns
SAJP.L vs. LGJP.L - Drawdown Comparison
The maximum SAJP.L drawdown since its inception was -32.71%, roughly equal to the maximum LGJP.L drawdown of -32.19%. Use the drawdown chart below to compare losses from any high point for SAJP.L and LGJP.L.
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Drawdown Indicators
| SAJP.L | LGJP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.71% | -32.19% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -13.20% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -14.47% | -14.30% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | -32.71% | -32.19% | -0.52% |
Current DrawdownCurrent decline from peak | -4.79% | -3.27% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -7.95% | -7.57% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.08% | -0.12% |
Volatility
SAJP.L vs. LGJP.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 (LGJP.L) at 6.42%. This indicates that SAJP.L's price experiences larger fluctuations and is considered to be riskier than LGJP.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 | LGJP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.13% | 6.42% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.12% | 17.61% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.79% | 21.09% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 18.15% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.92% | 18.30% | +0.62% |
SAJP.L vs. LGJP.L - Expense Ratio Comparison
SAJP.L has a 0.15% expense ratio, which is higher than LGJP.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. LGJP.L - Dividend Comparison
Neither SAJP.L nor LGJP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SAJP.L and LGJP.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, 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 0.15% for SAJP.L.
SAJP.L tracks iShares MSCI Japan Screened UCITS ETF USD (Acc), while LGJP.L tracks L&G Japan Equity UCITS ETF. They also come from different issuers: iShares and L&G. Their fees differ too: 0.15% for SAJP.L and 0.10% for LGJP.L.
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