HSXJ.L vs. IDAP.L

Last updated Jun 5, 2026

HSXJ.L (HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD) and IDAP.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - HSXJ.L tracks the MSCI AC Asia Pac Ex JPN NR USD while IDAP.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, HSXJ.L returned 11.56%/yr vs 10.90%/yr for IDAP.L. A 0.63 correlation means they provide meaningful diversification when combined. HSXJ.L charges 0.25%/yr vs 0.59%/yr for IDAP.L.

Performance

HSXJ.L vs. IDAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) and iShares Asia Pacific Dividend UCITS (IDAP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HSXJ.L is traded in GBP, while IDAP.L is traded in USD. To make them comparable, the IDAP.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, HSXJ.L achieves a 34.70% return, which is significantly higher than IDAP.L's 13.31% return.

HSXJ.L

• 1D: -1.85%
• 1M: 11.50%
• YTD: 34.70%
• 6M: 37.46%
• 1Y: 65.64%
• 3Y*: 24.72%
• 5Y*: 11.56%
• 10Y*: —

IDAP.L

• 1D: -0.38%
• 1M: 0.57%
• YTD: 13.31%
• 6M: 13.10%
• 1Y: 39.60%
• 3Y*: 18.61%
• 5Y*: 10.90%
• 10Y*: 7.95%

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

HSXJ.L vs. IDAP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
HSXJ.L HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD	34.70%	23.23%	16.70%	-1.41%	-5.93%	0.54%	16.27%
IDAP.L iShares Asia Pacific Dividend UCITS	13.31%	20.45%	8.04%	7.81%	9.70%	4.37%	8.40%

Correlation

The correlation between HSXJ.L and IDAP.L is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020	0.63

The correlation between HSXJ.L and IDAP.L shifts across timeframes, from 0.56 (1 year) to 0.66 (3 years), reflecting how their relationship changes across market environments.

HSXJ.L vs. IDAP.L - Sectors Allocation Comparison

Sectors	HSXJ.L	IDAP.L
Technology	48.9%	1.6%
Financial Services	21.8%	30.9%
Basic Materials	10.6%	16.1%
Consumer Cyclical	6.4%	10.9%
Industrials	4.3%	7.1%
Energy	2.4%	5.1%
Healthcare	2.2%	3.5%
Consumer Defensive	1.3%	5.2%
Real Estate	1.0%	10.6%
Utilities	0.8%	4.5%
Communication Services	0.4%	4.7%

Return for Risk

HSXJ.L vs. IDAP.L — Risk / Return Rank

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

HSXJ.L

HSXJ.L Risk / Return Rank: 93
HSXJ.L Sharpe Ratio Rank: 95
HSXJ.L Sortino Ratio Rank: 94
HSXJ.L Omega Ratio Rank: 94
HSXJ.L Calmar Ratio Rank: 91
HSXJ.L Martin Ratio Rank: 91

IDAP.L

IDAP.L Risk / Return Rank: 86
IDAP.L Sharpe Ratio Rank: 89
IDAP.L Sortino Ratio Rank: 89
IDAP.L Omega Ratio Rank: 86
IDAP.L Calmar Ratio Rank: 83
IDAP.L Martin Ratio Rank: 84

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.

HSXJ.L vs. IDAP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) and iShares Asia Pacific Dividend UCITS (IDAP.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.

	HSXJ.L	IDAP.L	Difference
Sharpe ratio: Return per unit of total volatility	3.83	3.28	+0.55
Sortino ratio: Return per unit of downside risk	4.85	4.43	+0.43
Omega ratio: Gain probability vs. loss probability	1.69	1.58	+0.11
Calmar ratio: Return relative to maximum drawdown	5.98	5.04	+0.93
Martin ratio: Return relative to average drawdown	21.00	19.37	+1.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HSXJ.L vs. IDAP.L - Sharpe Ratio Comparison

The current HSXJ.L Sharpe Ratio is 3.83, which is comparable to the IDAP.L Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of HSXJ.L and IDAP.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

	HSXJ.L	IDAP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.83	3.28	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.82	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.29	+0.55

Drawdowns

HSXJ.L vs. IDAP.L - Drawdown Comparison

The maximum HSXJ.L drawdown since its inception was -25.60%, smaller than the maximum IDAP.L drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for HSXJ.L and IDAP.L.

Drawdown Indicators

	HSXJ.L	IDAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.60%	-55.27%	+29.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-7.82%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	-18.39%	-17.11%	-1.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-17.11%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.20%	—
Current Drawdown Current decline from peak	-2.88%	-3.02%	+0.14%
Average Drawdown Average peak-to-trough decline	-9.52%	-8.42%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.04%	+1.08%

Volatility

HSXJ.L vs. IDAP.L - Volatility Comparison

HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) has a higher volatility of 8.04% compared to iShares Asia Pacific Dividend UCITS (IDAP.L) at 4.06%. This indicates that HSXJ.L's price experiences larger fluctuations and is considered to be riskier than IDAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HSXJ.L	IDAP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	4.06%	+3.98%
Volatility (6M) Calculated over the trailing 6-month period	14.25%	9.50%	+4.75%
Volatility (1Y) Calculated over the trailing 1-year period	17.08%	12.01%	+5.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	13.25%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	16.12%	+0.19%

HSXJ.L vs. IDAP.L - Expense Ratio Comparison

HSXJ.L has a 0.25% expense ratio, which is lower than IDAP.L's 0.59% expense ratio.

Dividends

HSXJ.L vs. IDAP.L - Dividend Comparison

HSXJ.L has not paid dividends to shareholders, while IDAP.L's dividend yield for the trailing twelve months is around 3.65%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSXJ.L HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDAP.L iShares Asia Pacific Dividend UCITS	3.65%	4.22%	5.36%	5.72%	6.92%	5.59%	3.49%	5.52%	6.04%	4.55%	4.54%	5.47%

Frequently Asked Questions

Can I hold both HSXJ.L and IDAP.L in my portfolio?

HSXJ.L and IDAP.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HSXJ.L or IDAP.L?

On fees, HSXJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HSXJ.L or IDAP.L?

HSXJ.L is cheaper with a 0.25% expense ratio, compared with 0.59% for IDAP.L.

What is the main difference between HSXJ.L and IDAP.L?

HSXJ.L tracks MSCI AC Asia Pac Ex JPN NR USD, while IDAP.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: HSBC and iShares. Their fees differ too: 0.25% for HSXJ.L and 0.59% for IDAP.L.