CPJ1.L vs. IASH.L

Last updated Jul 17, 2026

CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and IASH.L (iShares MSCI China A UCITS USD) are both exchange-traded funds - CPJ1.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while IASH.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, CPJ1.L returned 7.36%/yr vs 5.19%/yr for IASH.L. At a 0.47 correlation, their price movements are largely independent. CPJ1.L charges 0.20%/yr vs 0.40%/yr for IASH.L.

Performance

CPJ1.L vs. IASH.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 MSCI China A UCITS USD (IASH.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPJ1.L achieves a 10.58% return, which is significantly higher than IASH.L's 3.96% return. Over the past 10 years, CPJ1.L has outperformed IASH.L with an annualized return of 7.36%, while IASH.L has yielded a comparatively lower 5.19% annualized return.

CPJ1.L

• 1D: -0.29%
• 1M: 0.98%
• 6M: 7.32%
• YTD: 10.58%
• 1Y: 16.07%
• 3Y*: 11.78%
• 5Y*: 6.51%
• 10Y*: 7.36%

IASH.L

• 1D: -2.02%
• 1M: -5.07%
• 6M: -0.45%
• YTD: 3.96%
• 1Y: 25.03%
• 3Y*: 8.57%
• 5Y*: -0.84%
• 10Y*: 5.19%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc	10.58%	12.05%	6.89%	0.15%	4.86%	5.71%	3.46%	14.30%	-5.53%	15.18%
IASH.L iShares MSCI China A UCITS USD	3.96%	17.67%	12.92%	-18.83%	-17.27%	4.48%	37.65%	30.20%	-22.23%	19.05%

Correlation

The correlation between CPJ1.L and IASH.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Apr 8, 2015	0.47

The correlation between CPJ1.L and IASH.L shifts across timeframes, from 0.36 (3 years) to 0.48 (10 years), reflecting how their relationship changes across market environments.

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

Sectors	CPJ1.L	IASH.L
Financial Services	45.1%	17.5%
Basic Materials	15.8%	11.2%
Industrials	8.7%	15.5%
Real Estate	7.2%	0.5%
Consumer Cyclical	6.9%	5.2%
Healthcare	3.8%	4.0%
Utilities	3.5%	3.3%
Consumer Defensive	3.2%	6.7%
Communication Services	2.6%	1.3%
Energy	2.5%	3.1%
Technology	1.0%	31.8%

Return for Risk

CPJ1.L vs. IASH.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: 51
CPJ1.L Sharpe Ratio Rank: 50
CPJ1.L Sortino Ratio Rank: 53
CPJ1.L Omega Ratio Rank: 50
CPJ1.L Calmar Ratio Rank: 55
CPJ1.L Martin Ratio Rank: 45

IASH.L

IASH.L Risk / Return Rank: 54
IASH.L Sharpe Ratio Rank: 50
IASH.L Sortino Ratio Rank: 47
IASH.L Omega Ratio Rank: 48
IASH.L Calmar Ratio Rank: 66
IASH.L Martin Ratio Rank: 60

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. IASH.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 MSCI China A UCITS USD (IASH.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CPJ1.L	IASH.L	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.39	+0.02
Sortino ratio: Return per unit of downside risk	2.10	1.95	+0.15
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio: Return relative to maximum drawdown	2.21	2.63	-0.41
Martin ratio: Return relative to average drawdown	6.01	8.34	-2.32

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

The current CPJ1.L Sharpe Ratio is 1.41, which is comparable to the IASH.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of CPJ1.L and IASH.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.

Drawdowns

CPJ1.L vs. IASH.L - Drawdown Comparison

The maximum CPJ1.L drawdown since its inception was -32.49%, smaller than the maximum IASH.L drawdown of -59.37%. Use the drawdown chart below to compare losses from any high point for CPJ1.L and IASH.L.

Drawdown Indicators

	CPJ1.L	IASH.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.49%	-59.37%	+26.88%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-9.48%	+2.25%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-31.16%	+9.95%
Max Drawdown (5Y) Largest decline over 5 years	-21.21%	-42.23%	+21.02%
Max Drawdown (10Y) Largest decline over 10 years	-32.49%	-44.67%	+12.18%
Current Drawdown Current decline from peak	-1.42%	-15.82%	+14.40%
Average Drawdown Average peak-to-trough decline	-7.35%	-33.05%	+25.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.00%	-0.33%

Volatility

CPJ1.L vs. IASH.L - Volatility Comparison

The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) is 2.28%, while iShares MSCI China A UCITS USD (IASH.L) has a volatility of 8.60%. This indicates that CPJ1.L experiences smaller price fluctuations and is considered to be less risky than IASH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPJ1.L	IASH.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	8.60%	-6.32%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	13.50%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	17.95%	-6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.35%	25.12%	-5.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.53%	23.85%	-5.32%

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

CPJ1.L has a 0.20% expense ratio, which is lower than IASH.L's 0.40% expense ratio.

Dividends

CPJ1.L vs. IASH.L - Dividend Comparison

Neither CPJ1.L nor IASH.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CPJ1.L and IASH.L in my portfolio?

CPJ1.L and IASH.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPJ1.L or IASH.L?

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.

Which ETF is cheaper, CPJ1.L or IASH.L?

CPJ1.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IASH.L.

What is the main difference between CPJ1.L and IASH.L?

CPJ1.L is categorized as Asia Pacific Equities, while IASH.L is China Equities. CPJ1.L tracks MSCI Pacific Ex Japan NR USD, while IASH.L tracks MSCI China A Onshore NR CNY. Their fees differ too: 0.20% for CPJ1.L and 0.40% for IASH.L.