CPXJ.L vs. IWDP.L

Last updated Jun 5, 2026

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and IWDP.L (iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while IWDP.L is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.73%/yr vs 3.23%/yr for IWDP.L. A 0.50 correlation means they provide meaningful diversification when combined. CPXJ.L charges 0.20%/yr vs 0.59%/yr for IWDP.L.

Performance

CPXJ.L vs. IWDP.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 Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, CPXJ.L achieves a 8.57% return, which is significantly higher than IWDP.L's 6.60% return. Over the past 10 years, CPXJ.L has outperformed IWDP.L with an annualized return of 7.73%, while IWDP.L has yielded a comparatively lower 3.23% annualized return.

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%

IWDP.L

• 1D: 0.29%
• 1M: -1.04%
• YTD: 6.60%
• 6M: 7.85%
• 1Y: 10.45%
• 3Y*: 8.47%
• 5Y*: 0.69%
• 10Y*: 3.23%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	6.60%	9.39%	-0.46%	9.48%	-24.03%	25.78%	-9.82%	22.02%	-5.75%	11.01%

Correlation

The correlation between CPXJ.L and IWDP.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010	0.50

The correlation between CPXJ.L and IWDP.L shifts across timeframes, from 0.49 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	CPXJ.L	IWDP.L
Financial Services	45.5%	0.1%
Basic Materials	15.5%	-
Industrials	8.6%	-
Real Estate	7.9%	100.0%
Consumer Cyclical	6.1%	0.0%
Utilities	3.6%	-
Healthcare	3.2%	-
Consumer Defensive	2.9%	-
Communication Services	2.9%	-
Energy	2.8%	-
Technology	1.1%	-

Return for Risk

CPXJ.L vs. IWDP.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: 36
CPXJ.L Sharpe Ratio Rank: 34
CPXJ.L Sortino Ratio Rank: 37
CPXJ.L Omega Ratio Rank: 33
CPXJ.L Calmar Ratio Rank: 39
CPXJ.L Martin Ratio Rank: 38

IWDP.L

IWDP.L Risk / Return Rank: 29
IWDP.L Sharpe Ratio Rank: 30
IWDP.L Sortino Ratio Rank: 29
IWDP.L Omega Ratio Rank: 27
IWDP.L Calmar Ratio Rank: 28
IWDP.L Martin Ratio Rank: 29

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. IWDP.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 Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.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.L	IWDP.L	Difference
Sharpe ratio: Return per unit of total volatility	1.20	0.90	+0.30
Sortino ratio: Return per unit of downside risk	1.87	1.37	+0.50
Omega ratio: Gain probability vs. loss probability	1.22	1.15	+0.06
Calmar ratio: Return relative to maximum drawdown	1.89	1.02	+0.87
Martin ratio: Return relative to average drawdown	5.93	3.48	+2.45
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. IWDP.L - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.20, which is higher than the IWDP.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of CPXJ.L and IWDP.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.

Sharpe Ratios by Period

	CPXJ.L	IWDP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.90	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.04	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.19	+0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.14	+0.20

Drawdowns

CPXJ.L vs. IWDP.L - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, smaller than the maximum IWDP.L drawdown of -69.98%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and IWDP.L.

Drawdown Indicators

	CPXJ.L	IWDP.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.92%	-69.98%	+31.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-10.16%	+1.66%
Max Drawdown (3Y) Largest decline over 3 years	-19.25%	-17.59%	-1.66%
Max Drawdown (5Y) Largest decline over 5 years	-25.36%	-33.61%	+8.25%
Max Drawdown (10Y) Largest decline over 10 years	-38.92%	-42.51%	+3.59%
Current Drawdown Current decline from peak	-3.31%	-4.01%	+0.70%
Average Drawdown Average peak-to-trough decline	-8.34%	-14.68%	+6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	2.99%	-0.27%

Volatility

CPXJ.L vs. IWDP.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 Developed Markets Property Yield UCITS ETF USD (Dist) GBP (IWDP.L) at 3.53%. This indicates that CPXJ.L's price experiences larger fluctuations and is considered to be riskier than IWDP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXJ.L	IWDP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	3.53%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	10.85%	8.76%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	11.56%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	15.91%	+1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	17.01%	+1.02%

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

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

Dividends

CPXJ.L vs. IWDP.L - Dividend Comparison

CPXJ.L has not paid dividends to shareholders, while IWDP.L's dividend yield for the trailing twelve months is around 3.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CPXJ.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%
IWDP.L iShares Developed Markets Property Yield UCITS ETF USD (Dist) GBP	3.03%	3.13%	3.17%	3.14%	3.56%	2.17%	3.11%	3.03%	3.82%	3.05%	2.96%	2.93%

Frequently Asked Questions

Can I hold both CPXJ.L and IWDP.L in my portfolio?

CPXJ.L and IWDP.L have a correlation of 0.49, 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.L or IWDP.L?

On fees, CPXJ.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, CPXJ.L or IWDP.L?

CPXJ.L is cheaper with a 0.20% expense ratio, compared with 0.59% for IWDP.L.

What is the main difference between CPXJ.L and IWDP.L?

CPXJ.L is categorized as Asia Pacific Equities, while IWDP.L is REIT. CPXJ.L tracks MSCI Pacific Ex Japan NR USD, while IWDP.L tracks FTSE EPRA Nareit Global TR USD. Their fees differ too: 0.20% for CPXJ.L and 0.59% for IWDP.L.