APJX.DE vs. IQQK.DE

Last updated Jun 5, 2026

APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) and IQQK.DE (iShares MSCI Korea UCITS ETF (Dist)) are both Asia Pacific Equities funds from iShares - APJX.DE tracks the MSCI Pacific ex Japan ESG Enhanced Focus while IQQK.DE tracks the MSCI Korea 20/35. Both are passively managed. Over the past 3 years, APJX.DE returned 7.63%/yr vs 44.83%/yr for IQQK.DE. A 0.53 correlation means they provide meaningful diversification when combined. APJX.DE charges 0.20%/yr vs 0.74%/yr for IQQK.DE.

Performance

APJX.DE vs. IQQK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) and iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APJX.DE achieves a 5.20% return, which is significantly lower than IQQK.DE's 107.68% return.

APJX.DE

• 1D: -0.66%
• 1M: -1.60%
• YTD: 5.20%
• 6M: 6.14%
• 1Y: 8.80%
• 3Y*: 7.63%
• 5Y*: —
• 10Y*: —

IQQK.DE

• 1D: -4.65%
• 1M: 11.93%
• YTD: 107.68%
• 6M: 121.46%
• 1Y: 216.52%
• 3Y*: 44.83%
• 5Y*: 19.47%
• 10Y*: 16.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

APJX.DE vs. IQQK.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%
IQQK.DE iShares MSCI Korea UCITS ETF (Dist)	107.68%	77.35%	-18.08%	15.54%	-17.94%

Correlation

The correlation between APJX.DE and IQQK.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	0.53

The correlation between APJX.DE and IQQK.DE has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

APJX.DE vs. IQQK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

APJX.DE

APJX.DE Risk / Return Rank: 22
APJX.DE Sharpe Ratio Rank: 21
APJX.DE Sortino Ratio Rank: 22
APJX.DE Omega Ratio Rank: 21
APJX.DE Calmar Ratio Rank: 23
APJX.DE Martin Ratio Rank: 23

IQQK.DE

IQQK.DE Risk / Return Rank: 97
IQQK.DE Sharpe Ratio Rank: 98
IQQK.DE Sortino Ratio Rank: 96
IQQK.DE Omega Ratio Rank: 96
IQQK.DE Calmar Ratio Rank: 97
IQQK.DE Martin Ratio Rank: 97

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.

APJX.DE vs. IQQK.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 iShares MSCI Korea UCITS ETF (Dist) (IQQK.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	IQQK.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.70	5.92	-5.23
Sortino ratio: Return per unit of downside risk	1.12	5.50	-4.37
Omega ratio: Gain probability vs. loss probability	1.13	1.78	-0.65
Calmar ratio: Return relative to maximum drawdown	1.04	10.70	-9.66
Martin ratio: Return relative to average drawdown	2.88	38.75	-35.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APJX.DE vs. IQQK.DE - Sharpe Ratio Comparison

The current APJX.DE Sharpe Ratio is 0.70, which is lower than the IQQK.DE Sharpe Ratio of 5.92. The chart below compares the historical Sharpe Ratios of APJX.DE and IQQK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	APJX.DE	IQQK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	5.92	-5.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.33	-0.08

Drawdowns

APJX.DE vs. IQQK.DE - Drawdown Comparison

The maximum APJX.DE drawdown since its inception was -19.95%, smaller than the maximum IQQK.DE drawdown of -68.13%. Use the drawdown chart below to compare losses from any high point for APJX.DE and IQQK.DE.

Drawdown Indicators

	APJX.DE	IQQK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.95%	-68.13%	+48.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.45%	-20.96%	+12.51%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-30.51%	+10.56%
Max Drawdown (5Y) Largest decline over 5 years	—	-41.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.35%	—
Current Drawdown Current decline from peak	-5.71%	-5.73%	+0.02%
Average Drawdown Average peak-to-trough decline	-6.34%	-17.35%	+11.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	5.80%	-2.75%

Volatility

APJX.DE vs. IQQK.DE - Volatility Comparison

The current volatility for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) is 2.92%, while iShares MSCI Korea UCITS ETF (Dist) (IQQK.DE) has a volatility of 17.23%. This indicates that APJX.DE experiences smaller price fluctuations and is considered to be less risky than IQQK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	APJX.DE	IQQK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	17.23%	-14.31%
Volatility (6M) Calculated over the trailing 6-month period	9.89%	33.01%	-23.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.61%	37.90%	-25.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	25.65%	-10.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	24.84%	-9.95%

APJX.DE vs. IQQK.DE - Expense Ratio Comparison

APJX.DE has a 0.20% expense ratio, which is lower than IQQK.DE's 0.74% expense ratio.

Dividends

APJX.DE vs. IQQK.DE - Dividend Comparison

APJX.DE has not paid dividends to shareholders, while IQQK.DE's dividend yield for the trailing twelve months is around 0.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APJX.DE iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD 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%
IQQK.DE iShares MSCI Korea UCITS ETF (Dist)	0.36%	0.75%	1.17%	1.07%	1.29%	1.11%	0.69%	1.12%	0.89%	0.69%	0.56%	0.39%

Frequently Asked Questions

Can I hold both APJX.DE and IQQK.DE in my portfolio?

APJX.DE and IQQK.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APJX.DE or IQQK.DE?

On fees, APJX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APJX.DE or IQQK.DE?

APJX.DE is cheaper with a 0.20% expense ratio, compared with 0.74% for IQQK.DE.

What is the main difference between APJX.DE and IQQK.DE?

APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus, while IQQK.DE tracks MSCI Korea 20/35. Their fees differ too: 0.20% for APJX.DE and 0.74% for IQQK.DE.