ESPS.L vs. AUAD.L

Last updated Jun 4, 2026

ESPS.L (Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc) and AUAD.L (UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis) are both Asia Pacific Equities funds - ESPS.L tracks the MSCI Pacific Ex Japan NR USD while AUAD.L tracks the MSCI Australia NR USD. Both are passively managed. Over the past 5 years, ESPS.L returned 6.22%/yr vs 7.03%/yr for AUAD.L. A 0.55 correlation means they provide meaningful diversification when combined. ESPS.L charges 0.19%/yr vs 0.40%/yr for AUAD.L.

Performance

ESPS.L vs. AUAD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) and UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESPS.L achieves a 7.41% return, which is significantly lower than AUAD.L's 11.26% return.

ESPS.L

• 1D: -0.43%
• 1M: 0.59%
• YTD: 7.41%
• 6M: 8.29%
• 1Y: 16.01%
• 3Y*: 9.70%
• 5Y*: 6.22%
• 10Y*: —

AUAD.L

• 1D: -0.45%
• 1M: 1.05%
• YTD: 11.26%
• 6M: 13.27%
• 1Y: 16.81%
• 3Y*: 10.10%
• 5Y*: 7.03%
• 10Y*: —

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

ESPS.L vs. AUAD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc	7.41%	10.52%	7.35%	2.26%	1.34%	5.87%
AUAD.L UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis	11.26%	6.19%	3.38%	7.37%	5.97%	7.43%

Correlation

The correlation between ESPS.L and AUAD.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	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021	0.55

Over the past year, ESPS.L and AUAD.L have become more correlated (0.90) than their long-term average of 0.55, meaning their price movements have been converging.

ESPS.L vs. AUAD.L - Sectors Allocation Comparison

Sectors	ESPS.L	AUAD.L
Financial Services	50.7%	43.6%
Basic Materials	11.6%	23.0%
Real Estate	7.8%	5.0%
Industrials	7.2%	4.5%
Consumer Cyclical	6.8%	6.1%
Healthcare	4.0%	4.9%
Energy	3.0%	4.5%
Consumer Defensive	2.6%	3.6%
Communication Services	2.6%	2.0%
Utilities	2.2%	1.7%
Technology	1.4%	1.1%

Return for Risk

ESPS.L vs. AUAD.L — Risk / Return Rank

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

ESPS.L

ESPS.L Risk / Return Rank: 42
ESPS.L Sharpe Ratio Rank: 42
ESPS.L Sortino Ratio Rank: 44
ESPS.L Omega Ratio Rank: 42
ESPS.L Calmar Ratio Rank: 44
ESPS.L Martin Ratio Rank: 39

AUAD.L

AUAD.L Risk / Return Rank: 37
AUAD.L Sharpe Ratio Rank: 37
AUAD.L Sortino Ratio Rank: 38
AUAD.L Omega Ratio Rank: 34
AUAD.L Calmar Ratio Rank: 41
AUAD.L Martin Ratio Rank: 35

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.

ESPS.L vs. AUAD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) and UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.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.

	ESPS.L	AUAD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.30	+0.17
Sortino ratio: Return per unit of downside risk	2.16	1.98	+0.18
Omega ratio: Gain probability vs. loss probability	1.27	1.23	+0.04
Calmar ratio: Return relative to maximum drawdown	2.12	2.03	+0.09
Martin ratio: Return relative to average drawdown	6.09	5.42	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESPS.L vs. AUAD.L - Sharpe Ratio Comparison

The current ESPS.L Sharpe Ratio is 1.47, which is comparable to the AUAD.L Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ESPS.L and AUAD.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

	ESPS.L	AUAD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.30	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.48	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.98	-0.31

Drawdowns

ESPS.L vs. AUAD.L - Drawdown Comparison

The maximum ESPS.L drawdown since its inception was -17.76%, smaller than the maximum AUAD.L drawdown of -21.75%. Use the drawdown chart below to compare losses from any high point for ESPS.L and AUAD.L.

Drawdown Indicators

	ESPS.L	AUAD.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.76%	-21.75%	+3.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.52%	-8.32%	+0.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-21.75%	+3.99%
Max Drawdown (5Y) Largest decline over 5 years	-17.76%	-21.75%	+3.99%
Current Drawdown Current decline from peak	-3.28%	-2.60%	-0.68%
Average Drawdown Average peak-to-trough decline	-4.55%	-5.07%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.11%	-0.49%

Volatility

ESPS.L vs. AUAD.L - Volatility Comparison

The current volatility for Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc (ESPS.L) is 3.47%, while UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis (AUAD.L) has a volatility of 4.47%. This indicates that ESPS.L experiences smaller price fluctuations and is considered to be less risky than AUAD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESPS.L	AUAD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.47%	4.47%	-1.00%
Volatility (6M) Calculated over the trailing 6-month period	8.32%	10.28%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	12.99%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.87%	16.83%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	18.33%	+0.54%

ESPS.L vs. AUAD.L - Expense Ratio Comparison

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

Dividends

ESPS.L vs. AUAD.L - Dividend Comparison

ESPS.L has not paid dividends to shareholders, while AUAD.L's dividend yield for the trailing twelve months is around 2.88%.

Position	TTM	2025	2024	2023	2022	2021	2020
AUAD.L UBS ETF (IE) MSCI Australia UCITS ETF (AUD) A-dis	2.88%	3.22%	3.57%	4.16%	3.95%	2.50%	3.10%
ESPS.L Invesco MSCI Pacific Ex Japan ESG Universal Screened UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ESPS.L and AUAD.L in my portfolio?

ESPS.L and AUAD.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPS.L or AUAD.L?

On fees, ESPS.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, ESPS.L or AUAD.L?

ESPS.L is cheaper with a 0.19% expense ratio, compared with 0.40% for AUAD.L.

What is the main difference between ESPS.L and AUAD.L?

ESPS.L tracks MSCI Pacific Ex Japan NR USD, while AUAD.L tracks MSCI Australia NR USD. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for ESPS.L and 0.40% for AUAD.L.