APJX.DE vs. IUSQ.DE
APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both exchange-traded funds - APJX.DE is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan ESG Enhanced Focus, while IUSQ.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 3 years, APJX.DE returned 7.63%/yr vs 17.93%/yr for IUSQ.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
APJX.DE vs. IUSQ.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 IUSQ.DE's 12.65% return.
APJX.DE
- 1D
- -0.66%
- 1M
- -3.71%
- YTD
- 5.20%
- 6M
- 6.18%
- 1Y
- 8.23%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
APJX.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -11.53% |
Correlation
The correlation between APJX.DE and IUSQ.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.73 |
The correlation between APJX.DE and IUSQ.DE has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
APJX.DE vs. IUSQ.DE — Risk / Return Rank
APJX.DE
IUSQ.DE
APJX.DE vs. IUSQ.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 ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.08 | -3.04 |
| Martin ratioReturn relative to average drawdown | 2.88 | 16.69 | -13.81 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.31 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.76 | -0.51 |
Drawdowns
APJX.DE vs. IUSQ.DE - Drawdown Comparison
The maximum APJX.DE drawdown since its inception was -19.95%, smaller than the maximum IUSQ.DE drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for APJX.DE and IUSQ.DE.
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Drawdown Indicators
| APJX.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -33.60% | +13.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -6.48% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -21.25% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -5.71% | -0.55% | -5.16% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -4.19% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 1.59% | +1.46% |
Volatility
APJX.DE vs. IUSQ.DE - Volatility Comparison
iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) have volatilities of 2.92% and 3.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| APJX.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.03% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 8.26% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 11.47% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 13.94% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 15.02% | -0.13% |
APJX.DE vs. IUSQ.DE - Expense Ratio Comparison
Both APJX.DE and IUSQ.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
APJX.DE vs. IUSQ.DE - Dividend Comparison
Neither APJX.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
APJX.DE and IUSQ.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
APJX.DE and IUSQ.DE have the same expense ratio: 0.20% per year.
APJX.DE is categorized as Asia Pacific Equities, while IUSQ.DE is Global Equities. APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus, while IUSQ.DE tracks MSCI All Country World (ACWI).
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