HSXD.L vs. IPXJ.L
HSXD.L (HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF) and IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) are both Japan Equities funds - HSXD.L tracks the HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF while IPXJ.L tracks the iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, HSXD.L returned 9.90%/yr vs 5.56%/yr for IPXJ.L. Their correlation of 0.83 suggests significant overlap in exposure. HSXD.L charges 0.25%/yr vs 0.60%/yr for IPXJ.L.
Performance
HSXD.L vs. IPXJ.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HSXD.L achieves a 27.12% return, which is significantly higher than IPXJ.L's 10.20% return.
HSXD.L
- 1D
- -1.47%
- 1M
- -7.17%
- 6M
- 21.56%
- YTD
- 27.12%
- 1Y
- 45.66%
- 3Y*
- 23.98%
- 5Y*
- 9.90%
- 10Y*
- —
IPXJ.L
- 1D
- -0.55%
- 1M
- 1.44%
- 6M
- 8.32%
- YTD
- 10.20%
- 1Y
- 15.90%
- 3Y*
- 12.30%
- 5Y*
- 5.56%
- 10Y*
- 7.06%
HSXD.L vs. IPXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF | 27.12% | 32.35% | 14.83% | 4.23% | -15.92% | -0.71% | 22.36% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 10.20% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 14.38% |
Correlation
The correlation between HSXD.L and IPXJ.L is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2020 | 0.83 |
The correlation between HSXD.L and IPXJ.L shifts across timeframes, from 0.70 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HSXD.L vs. IPXJ.L — Risk / Return Rank
HSXD.L
IPXJ.L
HSXD.L vs. IPXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) and iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.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.
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.
| HSXD.L | IPXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 1.81 | +1.69 |
| Martin ratioReturn relative to average drawdown | 10.85 | 4.92 | +5.93 |
Loading charts...
Drawdowns
HSXD.L vs. IPXJ.L - Drawdown Comparison
The maximum HSXD.L drawdown since its inception was -38.23%, roughly equal to the maximum IPXJ.L drawdown of -38.93%. Use the drawdown chart below to compare losses from any high point for HSXD.L and IPXJ.L.
Loading charts...
Drawdown Indicators
| HSXD.L | IPXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.23% | -38.93% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -8.53% | -4.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.22% | -18.67% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -24.44% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.93% | — |
Current DrawdownCurrent decline from peak | -9.93% | -1.69% | -8.24% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -8.62% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.15% | +1.01% |
Volatility
HSXD.L vs. IPXJ.L - Volatility Comparison
HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF (HSXD.L) has a higher volatility of 10.03% compared to iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) at 3.37%. This indicates that HSXD.L's price experiences larger fluctuations and is considered to be riskier than IPXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HSXD.L | IPXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.03% | 3.37% | +6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 11.42% | +8.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.21% | 13.84% | +8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 17.21% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 17.71% | +1.44% |
HSXD.L vs. IPXJ.L - Expense Ratio Comparison
HSXD.L has a 0.25% expense ratio, which is lower than IPXJ.L's 0.60% expense ratio.
Dividends
HSXD.L vs. IPXJ.L - Dividend Comparison
HSXD.L has not paid dividends to shareholders, while IPXJ.L's dividend yield for the trailing twelve months is around 3.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HSXD.L HSBC Asia Pacific Ex Japan Screened Equity 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% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 3.56% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
Frequently Asked Questions
HSXD.L and IPXJ.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSXD.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSXD.L is cheaper with a 0.25% expense ratio, compared with 0.60% for IPXJ.L.
HSXD.L tracks HSBC Asia Pacific Ex Japan Screened Equity UCITS ETF, while IPXJ.L tracks iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist). They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for HSXD.L and 0.60% for IPXJ.L.
Find the right allocation for HSXD.L and IPXJ.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer