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APEX.L vs. IAPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

APEX.L vs. IAPD.L

Last updated Jun 5, 2026

APEX.L (Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - APEX.L tracks the MSCI AC Asia Ex Japan NR USD while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, APEX.L returned 7.91%/yr vs 11.54%/yr for IAPD.L. A 0.53 correlation means they provide meaningful diversification when combined. APEX.L charges 0.50%/yr vs 0.59%/yr for IAPD.L.

Performance

APEX.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

APEX.L is traded in USD, while IAPD.L is traded in GBp. To make them comparable, the IAPD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, APEX.L achieves a 27.99% return, which is significantly higher than IAPD.L's 12.92% return.

APEX.L

1D
-1.82%
1M
6.55%
YTD
27.99%
6M
30.87%
1Y
54.00%
3Y*
24.70%
5Y*
7.91%
10Y*
—

IAPD.L

1D
0.09%
1M
-0.08%
YTD
12.92%
6M
14.61%
1Y
40.63%
3Y*
23.53%
5Y*
11.54%
10Y*
8.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

APEX.L vs. IAPD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
APEX.L
Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc		27.99%32.38%11.51%4.94%-18.85%-3.67%0.79%
IAPD.L
iShares Asia Pacific Dividend UCITS		12.92%32.19%7.69%14.74%-0.51%5.86%0.33%

Correlation

The correlation between APEX.L and IAPD.L is 0.58, 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

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.68

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Dec 15, 2020

0.53

The correlation between APEX.L and IAPD.L shifts across timeframes, from 0.53 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.

APEX.L vs. IAPD.L - Sectors Allocation Comparison

Sectors
APEX.L
IAPD.L

Technology

41.6%
1.6%

Financial Services

17.7%
30.9%

Consumer Cyclical

10.3%
10.9%

Industrials

8.3%
7.1%

Communication Services

6.9%
4.7%

Basic Materials

3.6%
16.1%

Healthcare

3.0%
3.5%

Energy

2.7%
5.1%

Consumer Defensive

2.4%
5.2%

Utilities

1.9%
4.5%

Real Estate

1.7%
10.6%

Technology

APEX.L
41.6%
IAPD.L
1.6%

Financial Services

APEX.L
17.7%
IAPD.L
30.9%

Consumer Cyclical

APEX.L
10.3%
IAPD.L
10.9%

Industrials

APEX.L
8.3%
IAPD.L
7.1%

Communication Services

APEX.L
6.9%
IAPD.L
4.7%

Basic Materials

APEX.L
3.6%
IAPD.L
16.1%

Healthcare

APEX.L
3.0%
IAPD.L
3.5%

Energy

APEX.L
2.7%
IAPD.L
5.1%

Consumer Defensive

APEX.L
2.4%
IAPD.L
5.2%

Utilities

APEX.L
1.9%
IAPD.L
4.5%

Real Estate

APEX.L
1.7%
IAPD.L
10.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc

iShares Asia Pacific Dividend UCITS

Often compared with APEX.L:
APEX.L vs. ^GSPCAPEX.L vs. SPYAPEX.L vs. IYWAPEX.L vs. LDAG.LAPEX.L vs. XKS2.LAPEX.L vs. ASDV.LAPEX.L vs. CPJ1.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO

Return for Risk

APEX.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
APEX.L
APEX.L Risk / Return Rank: 8181
Overall Rank
APEX.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
APEX.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
APEX.L Omega Ratio Rank: 8080
Omega Ratio Rank
APEX.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
APEX.L Martin Ratio Rank: 7979
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

APEX.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) and iShares Asia Pacific Dividend UCITS (IAPD.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.

APEX.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
2.71
3.27

-0.56

Sortino ratioReturn per unit of downside risk
3.62
4.64

-1.02

Omega ratioGain probability vs. loss probability

1.47

1.57

-0.10

Calmar ratioReturn relative to maximum drawdown

4.18

5.09

-0.91

Martin ratioReturn relative to average drawdown

15.21

17.02

-1.80

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APEX.L vs. IAPD.L - Sharpe Ratio Comparison

The current APEX.L Sharpe Ratio is 2.71, which is comparable to the IAPD.L Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of APEX.L and IAPD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

APEX.LIAPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

3.27

-0.56

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.77

-0.29

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.52

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.31

+0.24

Drawdowns

APEX.L vs. IAPD.L - Drawdown Comparison

The maximum APEX.L drawdown since its inception was -43.98%, smaller than the maximum IAPD.L drawdown of -67.73%. Use the drawdown chart below to compare losses from any high point for APEX.L and IAPD.L.

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Drawdown Indicators

APEX.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-43.98%

-67.73%

+23.75%

Max Drawdown (1Y)

Largest decline over 1 year

-12.85%

-7.95%

-4.90%

Max Drawdown (3Y)

Largest decline over 3 years

-18.72%

-17.95%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-39.58%

-24.57%

-15.01%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.22%

—

Current Drawdown

Current decline from peak

-2.90%

-3.33%

+0.43%

Average Drawdown

Average peak-to-trough decline

-21.17%

-10.45%

-10.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.54%

2.38%

+1.16%

Volatility

APEX.L vs. IAPD.L - Volatility Comparison

Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc (APEX.L) has a higher volatility of 8.43% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 4.04%. This indicates that APEX.L's price experiences larger fluctuations and is considered to be riskier than IAPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

APEX.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.43%

4.04%

+4.39%

Volatility (6M)

Calculated over the trailing 6-month period

16.97%

9.77%

+7.20%

Volatility (1Y)

Calculated over the trailing 1-year period

19.90%

12.39%

+7.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.01%

14.95%

+5.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.69%

16.88%

+3.81%

APEX.L vs. IAPD.L - Expense Ratio Comparison

APEX.L has a 0.50% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.

Dividends

APEX.L vs. IAPD.L - Dividend Comparison

APEX.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
APEX.L
Lyxor MSCI AC Asia Ex Japan UCITS ETF - Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%

Frequently Asked Questions

APEX.L and IAPD.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, APEX.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

APEX.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IAPD.L.

APEX.L tracks MSCI AC Asia Ex Japan NR USD, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.50% for APEX.L and 0.59% for IAPD.L.

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