CSKR.L vs. PAXJ.L

Last updated Jun 5, 2026

CSKR.L (iShares MSCI Korea UCITS ETF (Acc)) and PAXJ.L (Lyxor MSCI Pacific Ex Japan UCITS ETF) are both Asia Pacific Equities funds - CSKR.L tracks the MSCI Korea NR USD while PAXJ.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past year, CSKR.L returned 232.60% vs 19.16% for PAXJ.L. At a 0.24 correlation, their price movements are largely independent. CSKR.L charges 0.65%/yr vs 0.12%/yr for PAXJ.L.

Performance

CSKR.L vs. PAXJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSKR.L achieves a 106.37% return, which is significantly higher than PAXJ.L's 8.70% return.

CSKR.L

• 1D: -4.80%
• 1M: 15.77%
• YTD: 106.37%
• 6M: 126.95%
• 1Y: 232.60%
• 3Y*: 49.13%
• 5Y*: 18.48%
• 10Y*: 17.00%

PAXJ.L

• 1D: -0.86%
• 1M: -0.50%
• YTD: 8.70%
• 6M: 12.99%
• 1Y: 19.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CSKR.L vs. PAXJ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CSKR.L iShares MSCI Korea UCITS ETF (Acc)	106.37%	99.44%	-24.09%
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF	8.70%	20.68%	6.36%

Correlation

The correlation between CSKR.L and PAXJ.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.24

The correlation between CSKR.L and PAXJ.L shifts across timeframes, from 0.24 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.

CSKR.L vs. PAXJ.L - Sectors Allocation Comparison

Sectors	CSKR.L	PAXJ.L
Technology	58.7%	1.1%
Industrials	16.9%	8.5%
Financial Services	8.8%	46.1%
Consumer Cyclical	6.4%	6.0%
Healthcare	2.7%	3.7%
Communication Services	2.3%	2.7%
Basic Materials	1.7%	14.6%
Consumer Defensive	1.2%	3.0%
Energy	0.9%	2.9%
Utilities	0.3%	3.6%
Real Estate	-	7.8%

Return for Risk

CSKR.L vs. PAXJ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSKR.L

CSKR.L Risk / Return Rank: 97
CSKR.L Sharpe Ratio Rank: 98
CSKR.L Sortino Ratio Rank: 96
CSKR.L Omega Ratio Rank: 96
CSKR.L Calmar Ratio Rank: 97
CSKR.L Martin Ratio Rank: 96

PAXJ.L

PAXJ.L Risk / Return Rank: 65
PAXJ.L Sharpe Ratio Rank: 60
PAXJ.L Sortino Ratio Rank: 66
PAXJ.L Omega Ratio Rank: 58
PAXJ.L Calmar Ratio Rank: 79
PAXJ.L Martin Ratio Rank: 63

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.

CSKR.L vs. PAXJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.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.

	CSKR.L	PAXJ.L	Difference
Sharpe ratio: Return per unit of total volatility	5.87	1.99	+3.88
Sortino ratio: Return per unit of downside risk	5.41	3.01	+2.40
Omega ratio: Gain probability vs. loss probability	1.79	1.35	+0.44
Calmar ratio: Return relative to maximum drawdown	9.97	3.98	+6.00
Martin ratio: Return relative to average drawdown	37.50	11.17	+26.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSKR.L vs. PAXJ.L - Sharpe Ratio Comparison

The current CSKR.L Sharpe Ratio is 5.87, which is higher than the PAXJ.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of CSKR.L and PAXJ.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

	CSKR.L	PAXJ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.87	1.99	+3.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	1.93	-1.39

Drawdowns

CSKR.L vs. PAXJ.L - Drawdown Comparison

The maximum CSKR.L drawdown since its inception was -50.88%, which is greater than PAXJ.L's maximum drawdown of -17.04%. Use the drawdown chart below to compare losses from any high point for CSKR.L and PAXJ.L.

Drawdown Indicators

	CSKR.L	PAXJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.88%	-17.04%	-33.84%
Max Drawdown (1Y) Largest decline over 1 year	-23.16%	-8.61%	-14.55%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.88%	—	—
Current Drawdown Current decline from peak	-5.91%	-3.31%	-2.60%
Average Drawdown Average peak-to-trough decline	-21.48%	-2.57%	-18.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.17%	—	—

Volatility

CSKR.L vs. PAXJ.L - Volatility Comparison

iShares MSCI Korea UCITS ETF (Acc) (CSKR.L) has a higher volatility of 18.32% compared to Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.L) at 4.50%. This indicates that CSKR.L's price experiences larger fluctuations and is considered to be riskier than PAXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSKR.L	PAXJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.32%	4.50%	+13.82%
Volatility (6M) Calculated over the trailing 6-month period	34.47%	11.52%	+22.95%
Volatility (1Y) Calculated over the trailing 1-year period	39.40%	17.28%	+22.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.89%	27.08%	+1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.26%	27.08%	+2.18%

CSKR.L vs. PAXJ.L - Expense Ratio Comparison

CSKR.L has a 0.65% expense ratio, which is higher than PAXJ.L's 0.12% expense ratio.

Dividends

CSKR.L vs. PAXJ.L - Dividend Comparison

CSKR.L has not paid dividends to shareholders, while PAXJ.L's dividend yield for the trailing twelve months is around 3.08%.

Position	TTM	2025	2024
CSKR.L iShares MSCI Korea UCITS ETF (Acc)	0.00%	0.00%	0.00%
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF	3.08%	3.34%	5.70%

Frequently Asked Questions

Can I hold both CSKR.L and PAXJ.L in my portfolio?

CSKR.L and PAXJ.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSKR.L or PAXJ.L?

On fees, PAXJ.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSKR.L or PAXJ.L?

PAXJ.L is cheaper with a 0.12% expense ratio, compared with 0.65% for CSKR.L.

What is the main difference between CSKR.L and PAXJ.L?

CSKR.L tracks MSCI Korea NR USD, while PAXJ.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.65% for CSKR.L and 0.12% for PAXJ.L.