APJX.DE vs. ETLK.DE
APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) and ETLK.DE (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds - APJX.DE tracks the MSCI Pacific ex Japan ESG Enhanced Focus while ETLK.DE tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. Both are passively managed. Over the past 3 years, APJX.DE returned 7.63%/yr vs 10.15%/yr for ETLK.DE. With a 0.96 correlation, they move nearly in lockstep. APJX.DE charges 0.20%/yr vs 0.10%/yr for ETLK.DE.
Performance
APJX.DE vs. ETLK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, APJX.DE achieves a 5.20% return, which is significantly lower than ETLK.DE's 8.76% return.
APJX.DE
- 1D
- -0.66%
- 1M
- -1.60%
- YTD
- 5.20%
- 6M
- 6.14%
- 1Y
- 8.80%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
ETLK.DE
- 1D
- -0.99%
- 1M
- -2.56%
- YTD
- 8.76%
- 6M
- 10.04%
- 1Y
- 13.52%
- 3Y*
- 10.15%
- 5Y*
- 5.51%
- 10Y*
- —
APJX.DE vs. ETLK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
APJX.DE iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc | 5.20% | 5.91% | 11.45% | 0.12% | -6.30% |
ETLK.DE L&G Asia Pacific ex Japan Equity UCITS ETF | 8.76% | 7.52% | 11.54% | 1.26% | -5.16% |
Correlation
The correlation between APJX.DE and ETLK.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.96 |
The correlation between APJX.DE and ETLK.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
APJX.DE vs. ETLK.DE — Risk / Return Rank
APJX.DE
ETLK.DE
APJX.DE vs. ETLK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE). 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.
| APJX.DE | ETLK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 2.34 | -1.30 |
| Martin ratioReturn relative to average drawdown | 2.88 | 6.47 | -3.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| APJX.DE | ETLK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.16 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.39 | -0.14 |
Drawdowns
APJX.DE vs. ETLK.DE - Drawdown Comparison
The maximum APJX.DE drawdown since its inception was -19.95%, smaller than the maximum ETLK.DE drawdown of -36.72%. Use the drawdown chart below to compare losses from any high point for APJX.DE and ETLK.DE.
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Drawdown Indicators
| APJX.DE | ETLK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -36.72% | +16.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -5.98% | -2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -19.89% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.89% | — |
Current DrawdownCurrent decline from peak | -5.71% | -2.56% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -5.76% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 2.16% | +0.89% |
Volatility
APJX.DE vs. ETLK.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) is 2.92%, while L&G Asia Pacific ex Japan Equity UCITS ETF (ETLK.DE) has a volatility of 3.38%. This indicates that APJX.DE experiences smaller price fluctuations and is considered to be less risky than ETLK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APJX.DE | ETLK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.38% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 9.32% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 12.02% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.78% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 18.21% | -3.32% |
APJX.DE vs. ETLK.DE - Expense Ratio Comparison
APJX.DE has a 0.20% expense ratio, which is higher than ETLK.DE'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
APJX.DE vs. ETLK.DE - Dividend Comparison
Neither APJX.DE nor ETLK.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, APJX.DE and ETLK.DE 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, ETLK.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLK.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for APJX.DE.
APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus, while ETLK.DE tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.20% for APJX.DE and 0.10% for ETLK.DE.
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