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CPJ1.L vs. IAPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPJ1.L vs. IAPD.L

Last updated Jun 5, 2026

CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds from iShares - CPJ1.L tracks the MSCI Pacific Ex Japan NR USD while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, CPJ1.L returned 8.53%/yr vs 9.65%/yr for IAPD.L. A 0.76 correlation means they provide meaningful diversification when combined. CPJ1.L charges 0.20%/yr vs 0.59%/yr for IAPD.L.

Performance

CPJ1.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CPJ1.L achieves a 8.83% return, which is significantly lower than IAPD.L's 13.20% return. Over the past 10 years, CPJ1.L has underperformed IAPD.L with an annualized return of 8.53%, while IAPD.L has yielded a comparatively higher 9.65% annualized return.

CPJ1.L

1D
-0.60%
1M
0.44%
YTD
8.83%
6M
9.62%
1Y
17.48%
3Y*
10.56%
5Y*
6.01%
10Y*
8.53%

IAPD.L

1D
0.04%
1M
0.77%
YTD
13.20%
6M
13.76%
1Y
41.98%
3Y*
20.42%
5Y*
12.72%
10Y*
9.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPJ1.L vs. IAPD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CPJ1.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.83%12.05%6.89%0.15%4.86%5.71%3.46%14.30%-5.53%15.18%
IAPD.L
iShares Asia Pacific Dividend UCITS		13.20%22.91%9.51%8.99%11.40%6.82%-11.63%11.98%-8.55%8.25%

Correlation

The correlation between CPJ1.L and IAPD.L is 0.77, 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

0.77

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.83

Correlation (All Time)
Calculated using the full available price history since Mar 16, 2011

0.76

The correlation between CPJ1.L and IAPD.L has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

CPJ1.L vs. IAPD.L - Sectors Allocation Comparison

Sectors
CPJ1.L
IAPD.L

Financial Services

45.5%
30.9%

Basic Materials

15.5%
16.1%

Industrials

8.6%
7.1%

Real Estate

7.9%
10.6%

Consumer Cyclical

6.1%
10.9%

Utilities

3.6%
4.5%

Healthcare

3.2%
3.5%

Consumer Defensive

2.9%
5.2%

Communication Services

2.9%
4.7%

Energy

2.8%
5.1%

Technology

1.1%
1.6%

Financial Services

CPJ1.L
45.5%
IAPD.L
30.9%

Basic Materials

CPJ1.L
15.5%
IAPD.L
16.1%

Industrials

CPJ1.L
8.6%
IAPD.L
7.1%

Real Estate

CPJ1.L
7.9%
IAPD.L
10.6%

Consumer Cyclical

CPJ1.L
6.1%
IAPD.L
10.9%

Utilities

CPJ1.L
3.6%
IAPD.L
4.5%

Healthcare

CPJ1.L
3.2%
IAPD.L
3.5%

Consumer Defensive

CPJ1.L
2.9%
IAPD.L
5.2%

Communication Services

CPJ1.L
2.9%
IAPD.L
4.7%

Energy

CPJ1.L
2.8%
IAPD.L
5.1%

Technology

CPJ1.L
1.1%
IAPD.L
1.6%

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iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc

iShares Asia Pacific Dividend UCITS

Often compared with CPJ1.L:
CPJ1.L vs. AGES.LCPJ1.L vs. CUKX.LCPJ1.L vs. LGAG.LCPJ1.L vs. ETLK.DECPJ1.L vs. IUKD.LCPJ1.L vs. VUKE.LCPJ1.L vs. PADV.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO

Return for Risk

CPJ1.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPJ1.L
CPJ1.L Risk / Return Rank: 4747
Overall Rank
CPJ1.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
CPJ1.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
CPJ1.L Omega Ratio Rank: 4646
Omega Ratio Rank
CPJ1.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
CPJ1.L Martin Ratio Rank: 4545
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
Martin Ratio Rank
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.

CPJ1.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). 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.

CPJ1.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
3.89

-2.31

Sortino ratioReturn per unit of downside risk
2.37
5.56

-3.18

Omega ratioGain probability vs. loss probability

1.29

1.71

-0.42

Calmar ratioReturn relative to maximum drawdown

2.41

6.04

-3.63

Martin ratioReturn relative to average drawdown

7.27

20.30

-13.03

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPJ1.L vs. IAPD.L - Sharpe Ratio Comparison

The current CPJ1.L Sharpe Ratio is 1.59, which is lower than the IAPD.L Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of CPJ1.L and IAPD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CPJ1.LIAPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

3.89

-2.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

1.02

-0.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.62

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.56

-0.10

Drawdowns

CPJ1.L vs. IAPD.L - Drawdown Comparison

The maximum CPJ1.L drawdown since its inception was -32.49%, smaller than the maximum IAPD.L drawdown of -52.66%. Use the drawdown chart below to compare losses from any high point for CPJ1.L and IAPD.L.

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Drawdown Indicators

CPJ1.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-52.66%

+20.17%

Max Drawdown (1Y)

Largest decline over 1 year

-7.23%

-6.92%

-0.31%

Max Drawdown (3Y)

Largest decline over 3 years

-17.15%

-16.88%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-16.88%

-0.73%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

-37.53%

+5.04%

Current Drawdown

Current decline from peak

-2.97%

-2.91%

-0.06%

Average Drawdown

Average peak-to-trough decline

-6.90%

-7.37%

+0.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

2.06%

+0.34%

Volatility

CPJ1.L vs. IAPD.L - Volatility Comparison

iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) has a higher volatility of 3.70% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.49%. This indicates that CPJ1.L's price experiences larger fluctuations and is considered to be riskier than IAPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CPJ1.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

3.49%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

8.32%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

10.99%

10.73%

+0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

12.44%

+1.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

15.46%

+0.47%

CPJ1.L vs. IAPD.L - Expense Ratio Comparison

CPJ1.L has a 0.20% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.

Dividends

CPJ1.L vs. IAPD.L - Dividend Comparison

CPJ1.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
CPJ1.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn 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%
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%

Frequently Asked Questions

CPJ1.L and IAPD.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CPJ1.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CPJ1.L is cheaper with a 0.20% expense ratio, compared with 0.59% for IAPD.L.

CPJ1.L tracks MSCI Pacific Ex Japan NR USD, while IAPD.L tracks MSCI AC Asia Pacific NR USD. Their fees differ too: 0.20% for CPJ1.L and 0.59% for IAPD.L.

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