APXJ.DE vs. USUP.DE

Last updated Jun 5, 2026

APXJ.DE (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist) and USUP.DE (UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc) are both Asia Pacific Equities funds - APXJ.DE tracks the MSCI Pacific ex Japan SRI Filtered PAB while USUP.DE tracks the MSCI Pacific SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, APXJ.DE returned 2.35%/yr vs 7.72%/yr for USUP.DE. A 0.64 correlation means they provide meaningful diversification when combined. APXJ.DE charges 0.45%/yr vs 0.28%/yr for USUP.DE.

Performance

APXJ.DE vs. USUP.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) and UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, APXJ.DE achieves a 2.49% return, which is significantly lower than USUP.DE's 9.01% return.

APXJ.DE

• 1D: -0.54%
• 1M: -3.68%
• YTD: 2.49%
• 6M: 2.75%
• 1Y: 1.04%
• 3Y*: 2.35%
• 5Y*: —
• 10Y*: —

USUP.DE

• 1D: -0.16%
• 1M: 4.19%
• YTD: 9.01%
• 6M: 9.62%
• 1Y: 13.62%
• 3Y*: 7.72%
• 5Y*: 4.92%
• 10Y*: —

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

APXJ.DE vs. USUP.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist	2.49%	0.37%	5.75%	1.28%	-6.27%
USUP.DE UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc	9.01%	4.91%	9.07%	10.08%	-12.34%

Correlation

The correlation between APXJ.DE and USUP.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022	0.64

The correlation between APXJ.DE and USUP.DE shifts across timeframes, from 0.45 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

Return for Risk

APXJ.DE vs. USUP.DE — Risk / Return Rank

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

APXJ.DE

APXJ.DE Risk / Return Rank: 10
APXJ.DE Sharpe Ratio Rank: 10
APXJ.DE Sortino Ratio Rank: 10
APXJ.DE Omega Ratio Rank: 10
APXJ.DE Calmar Ratio Rank: 11
APXJ.DE Martin Ratio Rank: 11

USUP.DE

USUP.DE Risk / Return Rank: 27
USUP.DE Sharpe Ratio Rank: 23
USUP.DE Sortino Ratio Rank: 24
USUP.DE Omega Ratio Rank: 24
USUP.DE Calmar Ratio Rank: 31
USUP.DE Martin Ratio Rank: 33

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.

APXJ.DE vs. USUP.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) and UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.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.

	APXJ.DE	USUP.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.09	0.80	-0.72
Sortino ratio: Return per unit of downside risk	0.22	1.28	-1.06
Omega ratio: Gain probability vs. loss probability	1.02	1.15	-0.13
Calmar ratio: Return relative to maximum drawdown	0.17	1.52	-1.36
Martin ratio: Return relative to average drawdown	0.39	4.89	-4.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

APXJ.DE vs. USUP.DE - Sharpe Ratio Comparison

The current APXJ.DE Sharpe Ratio is 0.09, which is lower than the USUP.DE Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of APXJ.DE and USUP.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

	APXJ.DE	USUP.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	0.80	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.31	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.43	-0.38

Drawdowns

APXJ.DE vs. USUP.DE - Drawdown Comparison

The maximum APXJ.DE drawdown since its inception was -22.00%, which is greater than USUP.DE's maximum drawdown of -19.61%. Use the drawdown chart below to compare losses from any high point for APXJ.DE and USUP.DE.

Drawdown Indicators

	APXJ.DE	USUP.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.00%	-19.61%	-2.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.14%	-8.90%	+2.76%
Max Drawdown (3Y) Largest decline over 3 years	-18.38%	-17.36%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.61%	—
Current Drawdown Current decline from peak	-5.39%	-0.16%	-5.23%
Average Drawdown Average peak-to-trough decline	-9.38%	-5.91%	-3.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.78%	-0.15%

Volatility

APXJ.DE vs. USUP.DE - Volatility Comparison

Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) and UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.DE) have volatilities of 3.55% and 3.49%, 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.

Volatility by Period

	APXJ.DE	USUP.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.49%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	13.06%	-3.76%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	16.91%	-4.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.33%	15.51%	-1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	15.21%	-0.88%

APXJ.DE vs. USUP.DE - Expense Ratio Comparison

APXJ.DE has a 0.45% expense ratio, which is higher than USUP.DE's 0.28% expense ratio.

Dividends

APXJ.DE vs. USUP.DE - Dividend Comparison

APXJ.DE's dividend yield for the trailing twelve months is around 2.80%, while USUP.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist	2.80%	2.87%	3.01%	3.43%	2.92%
USUP.DE UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both APXJ.DE and USUP.DE in my portfolio?

APXJ.DE and USUP.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, APXJ.DE or USUP.DE?

On fees, USUP.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, APXJ.DE or USUP.DE?

USUP.DE is cheaper with a 0.28% expense ratio, compared with 0.45% for APXJ.DE.

What is the main difference between APXJ.DE and USUP.DE?

APXJ.DE tracks MSCI Pacific ex Japan SRI Filtered PAB, while USUP.DE tracks MSCI Pacific SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.45% for APXJ.DE and 0.28% for USUP.DE.