ESPJ.L vs. UB20.L

Last updated Jun 4, 2026

ESPJ.L (Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc) and UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds - ESPJ.L tracks the MSCI Pacific ex Japan Universal Select Business Screens Index while UB20.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, ESPJ.L returned 4.67%/yr vs 5.07%/yr for UB20.L. A 0.77 correlation means they provide meaningful diversification when combined. ESPJ.L charges 0.19%/yr vs 0.30%/yr for UB20.L.

Performance

ESPJ.L vs. UB20.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 UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ESPJ.L is traded in USD, while UB20.L is traded in GBp. To make them comparable, the UB20.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ESPJ.L achieves a 7.22% return, which is significantly lower than UB20.L's 9.60% return.

ESPJ.L

• 1D: -0.73%
• 1M: -0.78%
• YTD: 7.22%
• 6M: 9.05%
• 1Y: 15.32%
• 3Y*: 12.44%
• 5Y*: 4.67%
• 10Y*: —

UB20.L

• 1D: -0.78%
• 1M: 0.14%
• YTD: 9.60%
• 6M: 11.46%
• 1Y: 18.40%
• 3Y*: 13.78%
• 5Y*: 5.07%
• 10Y*: 7.48%

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

ESPJ.L vs. UB20.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESPJ.L Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc	7.22%	18.97%	5.95%	5.75%	-7.36%	1.74%
UB20.L UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis	9.60%	20.45%	5.20%	4.93%	-5.76%	1.24%

Correlation

The correlation between ESPJ.L and UB20.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 11, 2021	0.77

The correlation between ESPJ.L and UB20.L shifts across timeframes, from 0.77 (5 years) to 0.90 (1 year), reflecting how their relationship changes across market environments.

ESPJ.L vs. UB20.L - Sectors Allocation Comparison

Sectors	ESPJ.L	UB20.L
Financial Services	50.8%	46.1%
Basic Materials	10.6%	14.6%
Real Estate	7.8%	7.8%
Industrials	7.3%	8.5%
Consumer Cyclical	6.7%	6.0%
Healthcare	4.6%	3.7%
Energy	3.2%	2.9%
Consumer Defensive	2.7%	3.0%
Communication Services	2.7%	2.7%
Utilities	2.2%	3.6%
Technology	1.5%	1.1%

Return for Risk

ESPJ.L vs. UB20.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: 34
ESPJ.L Sharpe Ratio Rank: 32
ESPJ.L Sortino Ratio Rank: 34
ESPJ.L Omega Ratio Rank: 31
ESPJ.L Calmar Ratio Rank: 36
ESPJ.L Martin Ratio Rank: 36

UB20.L

UB20.L Risk / Return Rank: 53
UB20.L Sharpe Ratio Rank: 52
UB20.L Sortino Ratio Rank: 56
UB20.L Omega Ratio Rank: 52
UB20.L Calmar Ratio Rank: 55
UB20.L Martin Ratio Rank: 50

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. UB20.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 UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.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	UB20.L	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.39	-0.26
Sortino ratio: Return per unit of downside risk	1.76	2.17	-0.41
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.75	2.12	-0.37
Martin ratio: Return relative to average drawdown	5.39	6.79	-1.40
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. UB20.L - Sharpe Ratio Comparison

The current ESPJ.L Sharpe Ratio is 1.13, which is comparable to the UB20.L Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of ESPJ.L and UB20.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	UB20.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.39	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.33	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.54	-0.20

Drawdowns

ESPJ.L vs. UB20.L - Drawdown Comparison

The maximum ESPJ.L drawdown since its inception was -24.49%, smaller than the maximum UB20.L drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for ESPJ.L and UB20.L.

Drawdown Indicators

	ESPJ.L	UB20.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.49%	-35.62%	+11.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.66%	-8.89%	+0.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.13%	-19.32%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.49%	-25.35%	+0.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.62%	—
Current Drawdown Current decline from peak	-3.44%	-2.58%	-0.86%
Average Drawdown Average peak-to-trough decline	-6.91%	-7.17%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.75%	+0.08%

Volatility

ESPJ.L vs. UB20.L - Volatility Comparison

Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF Acc (ESPJ.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) have volatilities of 4.43% and 4.24%, 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	UB20.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	4.24%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	10.71%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	13.55%	-0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	18.89%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	20.07%	-3.30%

ESPJ.L vs. UB20.L - Expense Ratio Comparison

ESPJ.L has a 0.19% expense ratio, which is lower than UB20.L's 0.30% expense ratio.

Dividends

ESPJ.L vs. UB20.L - Dividend Comparison

ESPJ.L has not paid dividends to shareholders, while UB20.L's dividend yield for the trailing twelve months is around 2.90%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESPJ.L Invesco MSCI Pacific Ex Japan Universal Screened UCITS ETF 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%
UB20.L UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis	2.90%	3.86%	3.26%	3.97%	3.64%	2.60%	3.05%	4.03%	4.36%	3.43%	4.00%	5.16%

Frequently Asked Questions

Can I hold both ESPJ.L and UB20.L in my portfolio?

With a correlation of 0.90, ESPJ.L and UB20.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ESPJ.L or UB20.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 UB20.L?

ESPJ.L is cheaper with a 0.19% expense ratio, compared with 0.30% for UB20.L.

What is the main difference between ESPJ.L and UB20.L?

ESPJ.L tracks MSCI Pacific ex Japan Universal Select Business Screens Index, while UB20.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for ESPJ.L and 0.30% for UB20.L.