CPXJ.L vs. SEGA.L
CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and SEGA.L (iShares Core Euro Government Bond UCITS ETF (Dist)) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while SEGA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.77%/yr vs -0.15%/yr for SEGA.L. At a 0.21 correlation, their price movements are largely independent. CPXJ.L charges 0.20%/yr vs 0.09%/yr for SEGA.L.
Performance
CPXJ.L vs. SEGA.L - Performance Comparison
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Different Trading Currencies
CPXJ.L is traded in USD, while SEGA.L is traded in GBP. To make them comparable, the SEGA.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 7.67% return, which is significantly higher than SEGA.L's -1.99% return. Over the past 10 years, CPXJ.L has outperformed SEGA.L with an annualized return of 7.77%, while SEGA.L has yielded a comparatively lower -0.15% annualized return.
CPXJ.L
- 1D
- -0.54%
- 1M
- -0.93%
- YTD
- 7.67%
- 6M
- 8.67%
- 1Y
- 16.44%
- 3Y*
- 11.86%
- 5Y*
- 5.30%
- 10Y*
- 7.77%
SEGA.L
- 1D
- -0.26%
- 1M
- -0.32%
- YTD
- -1.99%
- 6M
- -1.23%
- 1Y
- 0.09%
- 3Y*
- 4.09%
- 5Y*
- -2.87%
- 10Y*
- -0.15%
CPXJ.L vs. SEGA.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 | 7.67% | 20.05% | 5.35% | 5.87% | -5.98% | 4.27% | 6.80% | 18.07% | -10.72% | 26.08% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | -1.99% | 13.88% | -4.56% | 10.28% | -22.92% | -10.66% | 14.08% | 5.52% | -4.13% | 13.31% |
Correlation
The correlation between CPXJ.L and SEGA.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2010 | 0.21 |
Over the past year, CPXJ.L and SEGA.L have become more correlated (0.48) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
CPXJ.L vs. SEGA.L — Risk / Return Rank
CPXJ.L
SEGA.L
CPXJ.L vs. SEGA.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 Core Euro Government Bond UCITS ETF (Dist) (SEGA.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.
| CPXJ.L | SEGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.01 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.03 | +1.93 |
| Martin ratioReturn relative to average drawdown | 5.79 | 0.08 | +5.71 |
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Drawdowns
CPXJ.L vs. SEGA.L - Drawdown Comparison
The maximum CPXJ.L drawdown since its inception was -38.92%, roughly equal to the maximum SEGA.L drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and SEGA.L.
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Drawdown Indicators
| CPXJ.L | SEGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.92% | -38.19% | -0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -6.42% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -10.11% | -9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -35.16% | +10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -38.19% | -0.73% |
Current DrawdownCurrent decline from peak | -4.12% | -19.50% | +15.38% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -11.45% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.58% | +0.30% |
Volatility
CPXJ.L vs. SEGA.L - Volatility Comparison
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) has a higher volatility of 4.89% compared to iShares Core Euro Government Bond UCITS ETF (Dist) (SEGA.L) at 2.28%. This indicates that CPXJ.L's price experiences larger fluctuations and is considered to be riskier than SEGA.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.L | SEGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.28% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 6.54% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 8.35% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 10.45% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 9.58% | +8.43% |
CPXJ.L vs. SEGA.L - Expense Ratio Comparison
CPXJ.L has a 0.20% expense ratio, which is higher than SEGA.L's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CPXJ.L vs. SEGA.L - Dividend Comparison
CPXJ.L has not paid dividends to shareholders, while SEGA.L's dividend yield for the trailing twelve months is around 2.48%.
| 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% |
SEGA.L iShares Core Euro Government Bond UCITS ETF (Dist) | 2.48% | 2.25% | 1.82% | 0.97% | 0.26% | 0.25% | 0.45% | 0.68% | 0.65% | 0.69% | 0.86% | 0.60% |
Frequently Asked Questions
CPXJ.L and SEGA.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SEGA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SEGA.L is cheaper with a 0.09% expense ratio, compared with 0.20% for CPXJ.L.
CPXJ.L is categorized as Asia Pacific Equities, while SEGA.L is European Government Bonds. CPXJ.L tracks MSCI Pacific Ex Japan NR USD, while SEGA.L tracks Bloomberg Euro Agg Govt TR EUR. Their fees differ too: 0.20% for CPXJ.L and 0.09% for SEGA.L.
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