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

CPJ1.L vs. XMAS.L

Last updated Jun 5, 2026

CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and XMAS.L (Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C) are both Asia Pacific Equities funds - CPJ1.L tracks the MSCI Pacific Ex Japan NR USD while XMAS.L tracks the MSCI AC Asia Ex Japan NR USD. Both are passively managed. Over the past 10 years, CPJ1.L returned 8.53%/yr vs 12.25%/yr for XMAS.L. At a 0.48 correlation, their price movements are largely independent. CPJ1.L charges 0.20%/yr vs 0.65%/yr for XMAS.L.

Performance

CPJ1.L vs. XMAS.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 Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C (XMAS.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 XMAS.L's 32.61% return. Over the past 10 years, CPJ1.L has underperformed XMAS.L with an annualized return of 8.53%, while XMAS.L has yielded a comparatively higher 12.25% 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%

XMAS.L

1D
-1.96%
1M
9.32%
YTD
32.61%
6M
35.11%
1Y
63.40%
3Y*
24.06%
5Y*
9.51%
10Y*
12.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPJ1.L vs. XMAS.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%
XMAS.L
Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C		32.61%25.07%17.38%-2.13%-11.07%-5.15%22.90%14.01%-10.84%30.08%

Correlation

The correlation between CPJ1.L and XMAS.L is 0.55, 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

0.55

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

0.49

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

0.46

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

0.52

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

0.48

The correlation between CPJ1.L and XMAS.L has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

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

Sectors
CPJ1.L
XMAS.L

Financial Services

45.5%
8.6%

Basic Materials

15.5%
0.2%

Industrials

8.6%
17.2%

Real Estate

7.9%
0.9%

Consumer Cyclical

6.1%
6.4%

Utilities

3.6%
0.4%

Healthcare

3.2%
14.3%

Consumer Defensive

2.9%
4.1%

Communication Services

2.9%
9.7%

Energy

2.8%
0.0%

Technology

1.1%
38.0%

Financial Services

CPJ1.L
45.5%
XMAS.L
8.6%

Basic Materials

CPJ1.L
15.5%
XMAS.L
0.2%

Industrials

CPJ1.L
8.6%
XMAS.L
17.2%

Real Estate

CPJ1.L
7.9%
XMAS.L
0.9%

Consumer Cyclical

CPJ1.L
6.1%
XMAS.L
6.4%

Utilities

CPJ1.L
3.6%
XMAS.L
0.4%

Healthcare

CPJ1.L
3.2%
XMAS.L
14.3%

Consumer Defensive

CPJ1.L
2.9%
XMAS.L
4.1%

Communication Services

CPJ1.L
2.9%
XMAS.L
9.7%

Energy

CPJ1.L
2.8%
XMAS.L
0.0%

Technology

CPJ1.L
1.1%
XMAS.L
38.0%

Compare stocks, funds, or ETFs

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

Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C

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 XMAS.L:
XMAS.L vs. SPYXMAS.L vs. SUSAXMAS.L vs. IKOR.LXMAS.L vs. ASDV.LXMAS.L vs. LGAG.LXMAS.L vs. FLRK.LXMAS.L vs. MPXG.L

Return for Risk

CPJ1.L vs. XMAS.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
XMAS.L
XMAS.L Risk / Return Rank: 9191
Overall Rank
XMAS.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
XMAS.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
XMAS.L Omega Ratio Rank: 9292
Omega Ratio Rank
XMAS.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
XMAS.L Martin Ratio Rank: 8787
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. XMAS.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 Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C (XMAS.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.LXMAS.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
3.37

-1.78

Sortino ratioReturn per unit of downside risk
2.37
4.27

-1.90

Omega ratioGain probability vs. loss probability

1.29

1.60

-0.31

Calmar ratioReturn relative to maximum drawdown

2.41

5.42

-3.01

Martin ratioReturn relative to average drawdown

7.27

18.46

-11.19

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. XMAS.L - Sharpe Ratio Comparison

The current CPJ1.L Sharpe Ratio is 1.59, which is lower than the XMAS.L Sharpe Ratio of 3.37. The chart below compares the historical Sharpe Ratios of CPJ1.L and XMAS.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.LXMAS.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

3.37

-1.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.68

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.83

-0.29

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.43

+0.03

Drawdowns

CPJ1.L vs. XMAS.L - Drawdown Comparison

The maximum CPJ1.L drawdown since its inception was -32.49%, smaller than the maximum XMAS.L drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for CPJ1.L and XMAS.L.

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Drawdown Indicators

CPJ1.LXMAS.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-55.27%

+22.78%

Max Drawdown (1Y)

Largest decline over 1 year

-7.23%

-11.65%

+4.42%

Max Drawdown (3Y)

Largest decline over 3 years

-17.15%

-17.75%

+0.60%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-28.81%

+11.20%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

-34.23%

+1.74%

Current Drawdown

Current decline from peak

-2.97%

-2.73%

-0.24%

Average Drawdown

Average peak-to-trough decline

-6.90%

-11.62%

+4.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

3.42%

-1.02%

Volatility

CPJ1.L vs. XMAS.L - Volatility Comparison

The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) is 3.70%, while Xtrackers MSCI EM Asia ESG Screened Swap UCITS ETF 1C (XMAS.L) has a volatility of 8.50%. This indicates that CPJ1.L experiences smaller price fluctuations and is considered to be less risky than XMAS.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.LXMAS.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

8.50%

-4.80%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

15.87%

-7.22%

Volatility (1Y)

Calculated over the trailing 1-year period

10.99%

18.77%

-7.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

22.27%

-8.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

22.61%

-6.68%

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

CPJ1.L has a 0.20% expense ratio, which is lower than XMAS.L's 0.65% expense ratio.

Dividends

CPJ1.L vs. XMAS.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CPJ1.L and XMAS.L have a correlation of 0.55, 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 0.65% for XMAS.L.

CPJ1.L tracks MSCI Pacific Ex Japan NR USD, while XMAS.L tracks MSCI AC Asia Ex Japan NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.20% for CPJ1.L and 0.65% for XMAS.L.

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