APJX.DE vs. LCUA.DE
APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) and LCUA.DE (Amundi MSCI Emerging Asia II UCITS ETF Acc) are both Asia Pacific Equities funds - APJX.DE tracks the MSCI Pacific ex Japan ESG Enhanced Focus while LCUA.DE tracks the MSCI Emerging Markets Asia. Both are passively managed. Over the past 3 years, APJX.DE returned 7.63%/yr vs 22.72%/yr for LCUA.DE. A 0.67 correlation means they provide meaningful diversification when combined. APJX.DE charges 0.20%/yr vs 0.12%/yr for LCUA.DE.
Performance
APJX.DE vs. LCUA.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 LCUA.DE's 31.85% return.
APJX.DE
- 1D
- -0.66%
- 1M
- -1.60%
- YTD
- 5.20%
- 6M
- 6.14%
- 1Y
- 8.80%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
LCUA.DE
- 1D
- -1.97%
- 1M
- 7.77%
- YTD
- 31.85%
- 6M
- 33.69%
- 1Y
- 54.70%
- 3Y*
- 22.72%
- 5Y*
- 8.90%
- 10Y*
- —
APJX.DE vs. LCUA.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% |
LCUA.DE Amundi MSCI Emerging Asia II UCITS ETF Acc | 31.85% | 18.08% | 18.51% | 3.26% | -10.59% |
Correlation
The correlation between APJX.DE and LCUA.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.67 |
The correlation between APJX.DE and LCUA.DE shifts across timeframes, from 0.56 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
APJX.DE vs. LCUA.DE — Risk / Return Rank
APJX.DE
LCUA.DE
APJX.DE vs. LCUA.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 Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.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 | LCUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.49 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 4.49 | -3.45 |
| Martin ratioReturn relative to average drawdown | 2.88 | 16.33 | -13.46 |
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 | LCUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 2.72 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.48 | -0.23 |
Drawdowns
APJX.DE vs. LCUA.DE - Drawdown Comparison
The maximum APJX.DE drawdown since its inception was -19.95%, smaller than the maximum LCUA.DE drawdown of -33.18%. Use the drawdown chart below to compare losses from any high point for APJX.DE and LCUA.DE.
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Drawdown Indicators
| APJX.DE | LCUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.95% | -33.18% | +13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.45% | -12.13% | +3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -21.07% | +1.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.54% | — |
Current DrawdownCurrent decline from peak | -5.71% | -2.86% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -12.02% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.34% | -0.29% |
Volatility
APJX.DE vs. LCUA.DE - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) is 2.92%, while Amundi MSCI Emerging Asia II UCITS ETF Acc (LCUA.DE) has a volatility of 8.54%. This indicates that APJX.DE experiences smaller price fluctuations and is considered to be less risky than LCUA.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 | LCUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 8.54% | -5.62% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 17.04% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.61% | 20.08% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 18.48% | -3.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 19.46% | -4.57% |
APJX.DE vs. LCUA.DE - Expense Ratio Comparison
APJX.DE has a 0.20% expense ratio, which is higher than LCUA.DE's 0.12% 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. LCUA.DE - Dividend Comparison
Neither APJX.DE nor LCUA.DE has paid dividends to shareholders.
Frequently Asked Questions
APJX.DE and LCUA.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCUA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUA.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for APJX.DE.
APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus, while LCUA.DE tracks MSCI Emerging Markets Asia. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.20% for APJX.DE and 0.12% for LCUA.DE.
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