CPXJ.AS vs. IWDA.AS

Last updated Jun 5, 2026

CPXJ.AS (iShares Core MSCI Pacific ex Japan UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CPXJ.AS is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CPXJ.AS returned 7.49%/yr vs 12.81%/yr for IWDA.AS. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

CPXJ.AS vs. IWDA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPXJ.AS achieves a 9.65% return, which is significantly lower than IWDA.AS's 11.06% return. Over the past 10 years, CPXJ.AS has underperformed IWDA.AS with an annualized return of 7.49%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.

CPXJ.AS

• 1D: -0.99%
• 1M: 0.12%
• YTD: 9.65%
• 6M: 10.54%
• 1Y: 14.24%
• 3Y*: 10.42%
• 5Y*: 5.85%
• 10Y*: 7.49%

IWDA.AS

• 1D: -0.03%
• 1M: 4.79%
• YTD: 11.06%
• 6M: 11.31%
• 1Y: 23.80%
• 3Y*: 17.53%
• 5Y*: 12.88%
• 10Y*: 12.81%

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

CPXJ.AS vs. IWDA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF	9.65%	6.69%	11.90%	2.33%	-0.55%	12.79%	-2.03%	20.23%	-5.97%	10.75%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	11.06%	7.08%	27.23%	19.89%	-13.54%	32.54%	6.20%	29.58%	-4.16%	7.49%

Correlation

The correlation between CPXJ.AS and IWDA.AS is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jan 19, 2011	0.75

The correlation between CPXJ.AS and IWDA.AS has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

Return for Risk

CPXJ.AS vs. IWDA.AS — Risk / Return Rank

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

CPXJ.AS

CPXJ.AS Risk / Return Rank: 39
CPXJ.AS Sharpe Ratio Rank: 35
CPXJ.AS Sortino Ratio Rank: 36
CPXJ.AS Omega Ratio Rank: 33
CPXJ.AS Calmar Ratio Rank: 46
CPXJ.AS Martin Ratio Rank: 42

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

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.

CPXJ.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.

	CPXJ.AS	IWDA.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.22	2.15	-0.93
Sortino ratio: Return per unit of downside risk	1.86	3.03	-1.17
Omega ratio: Gain probability vs. loss probability	1.22	1.41	-0.19
Calmar ratio: Return relative to maximum drawdown	2.27	3.64	-1.37
Martin ratio: Return relative to average drawdown	6.65	14.53	-7.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPXJ.AS vs. IWDA.AS - Sharpe Ratio Comparison

The current CPXJ.AS Sharpe Ratio is 1.22, which is lower than the IWDA.AS Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of CPXJ.AS and IWDA.AS, 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

	CPXJ.AS	IWDA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	2.15	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.90	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.84	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.82	-0.47

Drawdowns

CPXJ.AS vs. IWDA.AS - Drawdown Comparison

The maximum CPXJ.AS drawdown since its inception was -36.83%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CPXJ.AS and IWDA.AS.

Drawdown Indicators

	CPXJ.AS	IWDA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-33.63%	-3.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-6.45%	+0.25%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-21.59%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-21.59%	+1.64%
Max Drawdown (10Y) Largest decline over 10 years	-36.83%	-33.63%	-3.20%
Current Drawdown Current decline from peak	-2.08%	-0.34%	-1.74%
Average Drawdown Average peak-to-trough decline	-6.66%	-4.25%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	1.63%	+0.50%

Volatility

CPXJ.AS vs. IWDA.AS - Volatility Comparison

iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) has a higher volatility of 3.32% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that CPXJ.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXJ.AS	IWDA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	2.62%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	7.61%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	10.90%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	14.08%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	14.99%	+1.49%

CPXJ.AS vs. IWDA.AS - Expense Ratio Comparison

Both CPXJ.AS and IWDA.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CPXJ.AS vs. IWDA.AS - Dividend Comparison

Neither CPXJ.AS nor IWDA.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CPXJ.AS and IWDA.AS in my portfolio?

CPXJ.AS and IWDA.AS have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPXJ.AS or IWDA.AS?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CPXJ.AS or IWDA.AS?

CPXJ.AS and IWDA.AS have the same expense ratio: 0.20% per year.

What is the main difference between CPXJ.AS and IWDA.AS?

CPXJ.AS is categorized as Asia Pacific Equities, while IWDA.AS is Global Equities. CPXJ.AS tracks MSCI Pacific Ex Japan NR USD, while IWDA.AS tracks MSCI World Index.