IAPD.AS vs. WINC.AS

Last updated Jun 5, 2026

IAPD.AS (iShares Asia Pacific Dividend UCITS ETF) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - IAPD.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while WINC.AS is a Global Equity Income fund actively managed by iShares. IAPD.AS is passively managed, while WINC.AS is actively managed. At a 0.33 correlation, their price movements are largely independent. IAPD.AS charges 0.59%/yr vs 0.35%/yr for WINC.AS.

Performance

IAPD.AS vs. WINC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IAPD.AS is traded in EUR, while WINC.AS is traded in USD. To make them comparable, the WINC.AS values have been converted to EUR using the latest available exchange rates.

Returns By Period

IAPD.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WINC.AS

• 1D: 0.00%
• 1M: 3.28%
• YTD: 9.49%
• 6M: 10.18%
• 1Y: 21.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	0.00%	12.38%	7.67%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	10.12%	7.70%	12.74%

Correlation

The correlation between IAPD.AS and WINC.AS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024	0.33

Return for Risk

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

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

WINC.AS

WINC.AS Risk / Return Rank: 75
WINC.AS Sharpe Ratio Rank: 72
WINC.AS Sortino Ratio Rank: 79
WINC.AS Omega Ratio Rank: 71
WINC.AS Calmar Ratio Rank: 73
WINC.AS Martin Ratio Rank: 79

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) and iShares World Equity High Income UCITS ETF USD Inc (WINC.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.

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

Sharpe Ratios by Period

	IAPD.AS	WINC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.18	—

Drawdowns

Drawdown Indicators

	IAPD.AS	WINC.AS	Difference
Max Drawdown Largest peak-to-trough decline	—	-18.74%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.26%	—
Current Drawdown Current decline from peak	—	-0.69%	—
Average Drawdown Average peak-to-trough decline	—	-3.04%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.21%	—

Volatility

Volatility by Period

	IAPD.AS	WINC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	14.37%	—

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

IAPD.AS has a 0.59% expense ratio, which is higher than WINC.AS's 0.35% expense ratio.

Dividends

IAPD.AS vs. WINC.AS - Dividend Comparison

IAPD.AS's dividend yield for the trailing twelve months is around 4.85%, less than WINC.AS's 9.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAPD.AS iShares Asia Pacific Dividend UCITS ETF	4.85%	5.02%	5.58%	6.33%	7.38%	6.33%	4.28%	6.18%	6.90%	5.48%	4.80%	5.95%
WINC.AS iShares World Equity High Income UCITS ETF USD Inc	9.64%	9.38%	4.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IAPD.AS and WINC.AS in my portfolio?

IAPD.AS and WINC.AS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, WINC.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

WINC.AS is cheaper with a 0.35% expense ratio, compared with 0.59% for IAPD.AS.

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

IAPD.AS is categorized as Asia Pacific Equities, while WINC.AS is Global Equity Income. Their fees differ too: 0.59% for IAPD.AS and 0.35% for WINC.AS.