EUNJ.DE vs. APJX.DE
EUNJ.DE (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and APJX.DE (iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc) are both Asia Pacific Equities funds from iShares - EUNJ.DE tracks the MSCI Pacific ex Japan while APJX.DE tracks the MSCI Pacific ex Japan ESG Enhanced Focus. Both are passively managed. Over the past 3 years, EUNJ.DE returned 9.84%/yr vs 7.63%/yr for APJX.DE. With a 0.97 correlation, they move nearly in lockstep. EUNJ.DE charges 0.60%/yr vs 0.20%/yr for APJX.DE.
Performance
EUNJ.DE vs. APJX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNJ.DE achieves a 8.50% return, which is significantly higher than APJX.DE's 5.20% return.
EUNJ.DE
- 1D
- -0.88%
- 1M
- -2.02%
- YTD
- 8.50%
- 6M
- 9.74%
- 1Y
- 12.72%
- 3Y*
- 9.84%
- 5Y*
- 5.36%
- 10Y*
- 7.05%
APJX.DE
- 1D
- -0.66%
- 1M
- -3.71%
- YTD
- 5.20%
- 6M
- 6.18%
- 1Y
- 8.23%
- 3Y*
- 7.63%
- 5Y*
- —
- 10Y*
- —
EUNJ.DE vs. APJX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 8.50% | 6.56% | 11.50% | 1.85% | -6.32% |
APJX.DE iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc | 5.20% | 5.91% | 11.45% | 0.12% | -6.30% |
Correlation
The correlation between EUNJ.DE and APJX.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.97 |
The correlation between EUNJ.DE and APJX.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
EUNJ.DE vs. APJX.DE — Risk / Return Rank
EUNJ.DE
APJX.DE
EUNJ.DE vs. APJX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) and iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.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.
| EUNJ.DE | APJX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.13 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.04 | +1.10 |
| Martin ratioReturn relative to average drawdown | 6.18 | 2.88 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUNJ.DE | APJX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.70 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.25 | +0.10 |
Drawdowns
EUNJ.DE vs. APJX.DE - Drawdown Comparison
The maximum EUNJ.DE drawdown since its inception was -36.95%, which is greater than APJX.DE's maximum drawdown of -19.95%. Use the drawdown chart below to compare losses from any high point for EUNJ.DE and APJX.DE.
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Drawdown Indicators
| EUNJ.DE | APJX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -19.95% | -17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.13% | -8.45% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -20.39% | -19.95% | -0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | — | — |
Current DrawdownCurrent decline from peak | -2.02% | -5.71% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -6.34% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.05% | -0.92% |
Volatility
EUNJ.DE vs. APJX.DE - Volatility Comparison
iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (EUNJ.DE) and iShares MSCI Pacific ex-Japan ESG Enhanced UCITS ETF USD Acc (APJX.DE) have volatilities of 3.04% and 2.92%, 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.
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Volatility by Period
| EUNJ.DE | APJX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.92% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 9.89% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 12.61% | -1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.89% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 14.89% | +1.65% |
EUNJ.DE vs. APJX.DE - Expense Ratio Comparison
EUNJ.DE has a 0.60% expense ratio, which is higher than APJX.DE's 0.20% expense ratio.
Dividends
EUNJ.DE vs. APJX.DE - Dividend Comparison
EUNJ.DE's dividend yield for the trailing twelve months is around 2.46%, while APJX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APJX.DE iShares MSCI Pacific ex-Japan ESG Enhanced UCITS 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% |
EUNJ.DE iShares MSCI Pacific ex-Japan UCITS ETF (Dist) | 2.46% | 2.95% | 3.35% | 3.56% | 3.92% | 2.79% | 2.64% | 3.52% | 3.78% | 3.41% | 3.31% | 3.34% |
Frequently Asked Questions
With a correlation of 0.93, EUNJ.DE and APJX.DE 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.
On fees, APJX.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
APJX.DE is cheaper with a 0.20% expense ratio, compared with 0.60% for EUNJ.DE.
EUNJ.DE tracks MSCI Pacific ex Japan, while APJX.DE tracks MSCI Pacific ex Japan ESG Enhanced Focus. Their fees differ too: 0.60% for EUNJ.DE and 0.20% for APJX.DE.
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