CPXJ.L vs. ZPRI.DE
CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.77%/yr vs 5.03%/yr for ZPRI.DE. At a 0.44 correlation, their price movements are largely independent. CPXJ.L charges 0.20%/yr vs 0.40%/yr for ZPRI.DE.
Performance
CPXJ.L vs. ZPRI.DE - Performance Comparison
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Different Trading Currencies
CPXJ.L is traded in USD, while ZPRI.DE is traded in EUR. To make them comparable, the ZPRI.DE 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 ZPRI.DE's 4.20% return. Over the past 10 years, CPXJ.L has outperformed ZPRI.DE with an annualized return of 7.77%, while ZPRI.DE has yielded a comparatively lower 5.03% 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%
ZPRI.DE
- 1D
- 0.12%
- 1M
- -0.21%
- YTD
- 4.20%
- 6M
- 5.11%
- 1Y
- 11.43%
- 3Y*
- 8.64%
- 5Y*
- 2.83%
- 10Y*
- 5.03%
CPXJ.L vs. ZPRI.DE - 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% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 4.20% | 15.09% | 2.64% | 6.80% | -12.95% | 5.34% | 7.69% | 18.30% | -3.21% | 12.62% |
Correlation
The correlation between CPXJ.L and ZPRI.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.44 |
The correlation between CPXJ.L and ZPRI.DE shifts across timeframes, from 0.32 (3 years) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CPXJ.L vs. ZPRI.DE — Risk / Return Rank
CPXJ.L
ZPRI.DE
CPXJ.L vs. ZPRI.DE - 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 SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE). 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 | ZPRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 2.24 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.79 | 6.72 | -0.93 |
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Drawdowns
CPXJ.L vs. ZPRI.DE - Drawdown Comparison
The maximum CPXJ.L drawdown since its inception was -38.92%, which is greater than ZPRI.DE's maximum drawdown of -23.45%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and ZPRI.DE.
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Drawdown Indicators
| CPXJ.L | ZPRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.92% | -23.45% | -15.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -5.03% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.25% | -10.26% | -8.99% |
Max Drawdown (5Y)Largest decline over 5 years | -24.27% | -23.41% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -38.92% | -23.45% | -15.47% |
Current DrawdownCurrent decline from peak | -4.12% | -2.91% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -7.16% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.68% | +1.20% |
Volatility
CPXJ.L vs. ZPRI.DE - 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 SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) at 2.18%. This indicates that CPXJ.L's price experiences larger fluctuations and is considered to be riskier than ZPRI.DE 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 | ZPRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.18% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.56% | 6.06% | +5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 7.58% | +6.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 10.76% | +6.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 15.25% | +2.76% |
CPXJ.L vs. ZPRI.DE - Expense Ratio Comparison
CPXJ.L has a 0.20% expense ratio, which is lower than ZPRI.DE's 0.40% expense ratio.
Dividends
CPXJ.L vs. ZPRI.DE - Dividend Comparison
CPXJ.L has not paid dividends to shareholders, while ZPRI.DE's dividend yield for the trailing twelve months is around 2.86%.
| 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% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 2.86% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 0.98% | 1.19% |
Frequently Asked Questions
CPXJ.L and ZPRI.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CPXJ.L is cheaper with a 0.20% expense ratio, compared with 0.40% for ZPRI.DE.
CPXJ.L is categorized as Asia Pacific Equities, while ZPRI.DE is Diversified Portfolio. CPXJ.L tracks MSCI Pacific Ex Japan NR USD, while ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for CPXJ.L and 0.40% for ZPRI.DE.
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