FXC.AS vs. IAPD.AS

Last updated Jul 21, 2026

FXC.AS (iShares China Large Cap UCITS ETF) and IAPD.AS (iShares Asia Pacific Dividend UCITS ETF) are both exchange-traded funds - FXC.AS is a China Equities fund tracking the MSCI China NR USD, while IAPD.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD. Both are passively managed. FXC.AS charges 0.74%/yr vs 0.59%/yr for IAPD.AS.

Performance

FXC.AS vs. IAPD.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares China Large Cap UCITS ETF (FXC.AS) and iShares Asia Pacific Dividend UCITS ETF (IAPD.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FXC.AS

• 1D: 0.00%
• 1M: 2.51%
• 6M: -11.22%
• YTD: -8.13%
• 1Y: -7.42%
• 3Y*: 8.80%
• 5Y*: -1.86%
• 10Y*: 1.63%
• ALL TIME*: -1.81%

IAPD.AS

• 1D: 0.00%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

FXC.AS vs. IAPD.AS - Yearly Performance Comparison

	2026 (YTD)
FXC.AS iShares China Large Cap UCITS ETF	-1.65%
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	0.00%

Return for Risk

FXC.AS vs. IAPD.AS — Risk / Return Rank

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

FXC.AS

FXC.AS Risk / Return Rank: 6
FXC.AS Sharpe Ratio Rank: 6
FXC.AS Sortino Ratio Rank: 6
FXC.AS Omega Ratio Rank: 6
FXC.AS Calmar Ratio Rank: 7
FXC.AS Martin Ratio Rank: 6

IAPD.AS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

FXC.AS vs. IAPD.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS ETF (FXC.AS) and iShares Asia Pacific Dividend UCITS ETF (IAPD.AS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FXC.AS	IAPD.AS	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	—	—
Sortino ratio: Return per unit of downside risk	-0.46	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.35	—	—
Martin ratio: Return relative to average drawdown	-0.80	—	—

Drawdowns

FXC.AS vs. IAPD.AS - Drawdown Comparison

The maximum FXC.AS drawdown since its inception was -68.25%, which is greater than IAPD.AS's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FXC.AS and IAPD.AS.

Drawdown Indicators

	FXC.AS	IAPD.AS	Difference
Max Drawdown Largest peak-to-trough decline	-68.25%	0.00%	-68.25%
Max Drawdown (1Y) Largest decline over 1 year	-20.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.92%	—	—
Current Drawdown Current decline from peak	-29.45%	0.00%	-29.45%
Average Drawdown Average peak-to-trough decline	-37.57%	0.00%	-37.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.27%	—	—

Volatility

Volatility by Period

	FXC.AS	IAPD.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.08%	—	—

FXC.AS vs. IAPD.AS - Expense Ratio Comparison

FXC.AS has a 0.74% expense ratio, which is higher than IAPD.AS's 0.59% expense ratio.

Dividends

FXC.AS vs. IAPD.AS - Dividend Comparison

FXC.AS's dividend yield for the trailing twelve months is around 1.81%, while IAPD.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXC.AS iShares China Large Cap UCITS ETF	1.81%	1.79%	2.26%	2.51%	2.52%	1.79%	2.49%	2.47%	2.99%	2.39%	2.34%	2.62%
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, FXC.AS or IAPD.AS?

On fees, IAPD.AS is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FXC.AS or IAPD.AS?

IAPD.AS is cheaper with a 0.59% expense ratio, compared with 0.74% for FXC.AS.

What is the main difference between FXC.AS and IAPD.AS?

FXC.AS is categorized as China Equities, while IAPD.AS is Asia Pacific Equities. FXC.AS tracks MSCI China NR USD, while IAPD.AS tracks MSCI AC Asia Pacific NR USD. Their fees differ too: 0.74% for FXC.AS and 0.59% for IAPD.AS.