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

CPXJ.L vs. CPJ1.L

Last updated Jun 5, 2026

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both Asia Pacific Equities funds from iShares tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.73%/yr vs 7.74%/yr for CPJ1.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

CPXJ.L vs. CPJ1.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 (CPXJ.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CPXJ.L is traded in USD, while CPJ1.L is traded in GBp. To make them comparable, the CPJ1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CPXJ.L having a 8.57% return and CPJ1.L slightly lower at 8.56%. Both investments have delivered pretty close results over the past 10 years, with CPXJ.L having a 7.73% annualized return and CPJ1.L not far ahead at 7.74%.

CPXJ.L

1D
-0.72%
1M
-0.61%
YTD
8.57%
6M
10.28%
1Y
16.16%
3Y*
13.47%
5Y*
4.86%
10Y*
7.73%

CPJ1.L

1D
-0.55%
1M
-0.41%
YTD
8.56%
6M
10.43%
1Y
16.37%
3Y*
13.41%
5Y*
4.89%
10Y*
7.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CPXJ.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.57%20.05%5.35%5.87%-5.98%4.27%6.80%18.07%-10.71%26.08%
CPJ1.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.56%20.50%5.11%5.44%-6.35%4.75%6.62%18.89%-10.88%26.14%

Correlation

The correlation between CPXJ.L and CPJ1.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

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

0.95

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

0.95

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

0.93

Correlation (All Time)
Calculated using the full available price history since Mar 18, 2011

0.89

The correlation between CPXJ.L and CPJ1.L has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.

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

Sectors
CPXJ.L
CPJ1.L

Financial Services

45.5%
45.5%

Basic Materials

15.5%
15.5%

Industrials

8.6%
8.6%

Real Estate

7.9%
7.9%

Consumer Cyclical

6.1%
6.1%

Utilities

3.6%
3.6%

Healthcare

3.2%
3.2%

Consumer Defensive

2.9%
2.9%

Communication Services

2.9%
2.9%

Energy

2.8%
2.8%

Technology

1.1%
1.1%

Financial Services

CPXJ.L
45.5%
CPJ1.L
45.5%

Basic Materials

CPXJ.L
15.5%
CPJ1.L
15.5%

Industrials

CPXJ.L
8.6%
CPJ1.L
8.6%

Real Estate

CPXJ.L
7.9%
CPJ1.L
7.9%

Consumer Cyclical

CPXJ.L
6.1%
CPJ1.L
6.1%

Utilities

CPXJ.L
3.6%
CPJ1.L
3.6%

Healthcare

CPXJ.L
3.2%
CPJ1.L
3.2%

Consumer Defensive

CPXJ.L
2.9%
CPJ1.L
2.9%

Communication Services

CPXJ.L
2.9%
CPJ1.L
2.9%

Energy

CPXJ.L
2.8%
CPJ1.L
2.8%

Technology

CPXJ.L
1.1%
CPJ1.L
1.1%

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

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

Often compared with CPXJ.L:
CPXJ.L vs. CEMAT.COCPXJ.L vs. VFEA.DECPXJ.L vs. IWDA.LCPXJ.L vs. VUAA.LCPXJ.L vs. QTOPCPXJ.L vs. IJPN.LCPXJ.L vs. DRIV
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

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPXJ.L
CPXJ.L Risk / Return Rank: 3636
Overall Rank
CPXJ.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
CPXJ.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
CPXJ.L Omega Ratio Rank: 3333
Omega Ratio Rank
CPXJ.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
CPXJ.L Martin Ratio Rank: 3838
Martin Ratio Rank
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
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.L vs. CPJ1.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 (CPXJ.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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.

CPXJ.LCPJ1.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
1.23

-0.03

Sortino ratioReturn per unit of downside risk
1.87
1.90

-0.03

Omega ratioGain probability vs. loss probability

1.22

1.22

0.00

Calmar ratioReturn relative to maximum drawdown

1.89

1.85

+0.04

Martin ratioReturn relative to average drawdown

5.93

5.89

+0.05

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.L vs. CPJ1.L - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.20, which is comparable to the CPJ1.L Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CPXJ.L and CPJ1.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

CPXJ.LCPJ1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

1.23

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.29

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.44

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.34

-0.01

Drawdowns

CPXJ.L vs. CPJ1.L - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, roughly equal to the maximum CPJ1.L drawdown of -38.55%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and CPJ1.L.

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Drawdown Indicators

CPXJ.LCPJ1.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.92%

-38.55%

-0.37%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-8.80%

+0.30%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-18.64%

-0.61%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-25.47%

+0.11%

Max Drawdown (10Y)

Largest decline over 10 years

-38.92%

-38.55%

-0.37%

Current Drawdown

Current decline from peak

-3.31%

-3.39%

+0.08%

Average Drawdown

Average peak-to-trough decline

-8.34%

-8.31%

-0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

2.77%

-0.05%

Volatility

CPXJ.L vs. CPJ1.L - Volatility Comparison

iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) has a higher volatility of 4.55% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) at 4.27%. This indicates that CPXJ.L's price experiences larger fluctuations and is considered to be riskier than CPJ1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CPXJ.LCPJ1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

4.27%

+0.28%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

10.72%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

13.28%

+0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.30%

16.89%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

17.77%

+0.26%

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

Both CPXJ.L and CPJ1.L 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.L vs. CPJ1.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.93, CPXJ.L and CPJ1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

CPXJ.L and CPJ1.L have the same expense ratio: 0.20% per year.

Both ETFs track MSCI Pacific Ex Japan NR USD.

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