ESPJ.L vs. IGDA.L

Last updated Jun 5, 2026

ESPJ.L (Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc) and IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) are both exchange-traded funds - ESPJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan Universal Select Business Screens Index, while IGDA.L is a Global Equities fund tracking the Dow Jones Islamic Market Developed Markets Index. Both are passively managed. Over the past 3 years, ESPJ.L returned 12.26%/yr vs 21.23%/yr for IGDA.L. A 0.64 correlation means they provide meaningful diversification when combined. ESPJ.L charges 0.19%/yr vs 0.40%/yr for IGDA.L.

Performance

ESPJ.L vs. IGDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc (ESPJ.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESPJ.L achieves a 6.36% return, which is significantly lower than IGDA.L's 15.04% return.

ESPJ.L

• 1D: -0.81%
• 1M: -0.91%
• YTD: 6.36%
• 6M: 7.75%
• 1Y: 13.44%
• 3Y*: 12.26%
• 5Y*: 4.51%
• 10Y*: —

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

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

ESPJ.L vs. IGDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESPJ.L Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc	6.36%	18.97%	5.95%	5.75%	-0.64%
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%

Correlation

The correlation between ESPJ.L and IGDA.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.64

The correlation between ESPJ.L and IGDA.L has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.

ESPJ.L vs. IGDA.L - Sectors Allocation Comparison

Sectors	ESPJ.L	IGDA.L
Financial Services	50.8%	2.1%
Basic Materials	10.6%	4.7%
Real Estate	7.8%	1.0%
Industrials	7.3%	10.8%
Consumer Cyclical	6.7%	10.8%
Healthcare	4.6%	11.3%
Energy	3.2%	3.6%
Consumer Defensive	2.7%	4.7%
Communication Services	2.7%	9.4%
Utilities	2.2%	0.3%
Technology	1.5%	41.4%

Return for Risk

ESPJ.L vs. IGDA.L — Risk / Return Rank

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

ESPJ.L

ESPJ.L Risk / Return Rank: 30
ESPJ.L Sharpe Ratio Rank: 28
ESPJ.L Sortino Ratio Rank: 30
ESPJ.L Omega Ratio Rank: 27
ESPJ.L Calmar Ratio Rank: 32
ESPJ.L Martin Ratio Rank: 32

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

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.

ESPJ.L vs. IGDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc (ESPJ.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	ESPJ.L	IGDA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.47	-1.48
Sortino ratio: Return per unit of downside risk	1.56	3.51	-1.95
Omega ratio: Gain probability vs. loss probability	1.18	1.44	-0.26
Calmar ratio: Return relative to maximum drawdown	1.54	3.57	-2.03
Martin ratio: Return relative to average drawdown	4.71	15.24	-10.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESPJ.L vs. IGDA.L - Sharpe Ratio Comparison

The current ESPJ.L Sharpe Ratio is 0.99, which is lower than the IGDA.L Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of ESPJ.L and IGDA.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

	ESPJ.L	IGDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	2.47	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.85	-0.52

Drawdowns

ESPJ.L vs. IGDA.L - Drawdown Comparison

The maximum ESPJ.L drawdown since its inception was -24.49%, roughly equal to the maximum IGDA.L drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for ESPJ.L and IGDA.L.

Drawdown Indicators

	ESPJ.L	IGDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.49%	-24.18%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-9.71%	+1.05%
Max Drawdown (3Y) Largest decline over 3 years	-19.13%	-20.12%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	—	—
Current Drawdown Current decline from peak	-4.22%	-1.17%	-3.05%
Average Drawdown Average peak-to-trough decline	-6.91%	-5.19%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.28%	+0.56%

Volatility

ESPJ.L vs. IGDA.L - Volatility Comparison

Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc (ESPJ.L) and Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) have volatilities of 4.45% and 4.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPJ.L	IGDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.65%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.75%	10.78%	-0.03%
Volatility (1Y) Calculated over the trailing 1-year period	13.42%	14.04%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	18.64%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	18.64%	-1.87%

ESPJ.L vs. IGDA.L - Expense Ratio Comparison

ESPJ.L has a 0.19% expense ratio, which is lower than IGDA.L's 0.40% expense ratio.

Dividends

ESPJ.L vs. IGDA.L - Dividend Comparison

Neither ESPJ.L nor IGDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESPJ.L and IGDA.L in my portfolio?

ESPJ.L and IGDA.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPJ.L or IGDA.L?

On fees, ESPJ.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESPJ.L or IGDA.L?

ESPJ.L is cheaper with a 0.19% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between ESPJ.L and IGDA.L?

ESPJ.L is categorized as Asia Pacific Equities, while IGDA.L is Global Equities. ESPJ.L tracks MSCI Pacific ex Japan Universal Select Business Screens Index, while IGDA.L tracks Dow Jones Islamic Market Developed Markets Index. Their fees differ too: 0.19% for ESPJ.L and 0.40% for IGDA.L.