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

CPXJ.L vs. SWDA.L

Last updated Jun 5, 2026

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.73%/yr vs 13.08%/yr for SWDA.L. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

CPXJ.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.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 SWDA.L is traded in GBp. To make them comparable, the SWDA.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 lower than SWDA.L's 9.81% return. Over the past 10 years, CPXJ.L has underperformed SWDA.L with an annualized return of 7.73%, while SWDA.L has yielded a comparatively higher 13.08% 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%

SWDA.L

1D
0.20%
1M
4.22%
YTD
9.81%
6M
11.17%
1Y
26.04%
3Y*
20.71%
5Y*
11.87%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXJ.L vs. SWDA.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%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.81%21.14%19.09%23.79%-18.13%22.52%15.68%27.97%-9.23%22.42%

Correlation

The correlation between CPXJ.L and SWDA.L is 0.71, 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

0.71

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

0.70

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

0.74

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

0.73

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2010

0.64

The correlation between CPXJ.L and SWDA.L has been stable across timeframes, ranging from 0.64 to 0.74 - a consistent structural relationship.

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

Sectors
CPXJ.L
SWDA.L

Financial Services

45.5%
15.4%

Basic Materials

15.5%
3.2%

Industrials

8.6%
10.9%

Real Estate

7.9%
1.8%

Consumer Cyclical

6.1%
9.0%

Utilities

3.6%
2.5%

Healthcare

3.2%
8.7%

Consumer Defensive

2.9%
5.2%

Communication Services

2.9%
9.2%

Energy

2.8%
4.2%

Technology

1.1%
30.0%

Financial Services

CPXJ.L
45.5%
SWDA.L
15.4%

Basic Materials

CPXJ.L
15.5%
SWDA.L
3.2%

Industrials

CPXJ.L
8.6%
SWDA.L
10.9%

Real Estate

CPXJ.L
7.9%
SWDA.L
1.8%

Consumer Cyclical

CPXJ.L
6.1%
SWDA.L
9.0%

Utilities

CPXJ.L
3.6%
SWDA.L
2.5%

Healthcare

CPXJ.L
3.2%
SWDA.L
8.7%

Consumer Defensive

CPXJ.L
2.9%
SWDA.L
5.2%

Communication Services

CPXJ.L
2.9%
SWDA.L
9.2%

Energy

CPXJ.L
2.8%
SWDA.L
4.2%

Technology

CPXJ.L
1.1%
SWDA.L
30.0%

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

iShares Core MSCI World UCITS 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 SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

CPXJ.L vs. SWDA.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
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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. SWDA.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 MSCI World UCITS ETF USD (Acc) (SWDA.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.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.27

-1.07

Sortino ratioReturn per unit of downside risk
1.87
3.37

-1.49

Omega ratioGain probability vs. loss probability

1.22

1.41

-0.19

Calmar ratioReturn relative to maximum drawdown

1.89

3.02

-1.12

Martin ratioReturn relative to average drawdown

5.93

13.29

-7.36

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. SWDA.L - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.20, which is lower than the SWDA.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of CPXJ.L and SWDA.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.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

2.27

-1.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.78

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.83

-0.40

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.73

-0.39

Drawdowns

CPXJ.L vs. SWDA.L - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, which is greater than SWDA.L's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and SWDA.L.

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Drawdown Indicators

CPXJ.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.92%

-33.62%

-5.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-8.59%

+0.09%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-17.07%

-2.18%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-26.50%

+1.14%

Max Drawdown (10Y)

Largest decline over 10 years

-38.92%

-33.62%

-5.30%

Current Drawdown

Current decline from peak

-3.31%

-0.42%

-2.89%

Average Drawdown

Average peak-to-trough decline

-8.34%

-4.58%

-3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

1.95%

+0.77%

Volatility

CPXJ.L vs. SWDA.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 Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.81%. This indicates that CPXJ.L's price experiences larger fluctuations and is considered to be riskier than SWDA.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.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

2.81%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

8.58%

+2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

11.41%

+2.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.30%

15.30%

+2.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

15.73%

+2.30%

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

Both CPXJ.L and SWDA.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. SWDA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CPXJ.L and SWDA.L have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 SWDA.L have the same expense ratio: 0.20% per year.

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

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