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IAPD.L vs. HDV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAPD.L vs. HDV

Last updated Jun 5, 2026

IAPD.L (iShares Asia Pacific Dividend UCITS) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - IAPD.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. Both are passively managed. Over the past 10 years, IAPD.L returned 9.65%/yr vs 10.11%/yr for HDV. At a 0.41 correlation, their price movements are largely independent. IAPD.L charges 0.59%/yr vs 0.08%/yr for HDV.

Performance

IAPD.L vs. HDV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Asia Pacific Dividend UCITS (IAPD.L) and iShares Core High Dividend ETF (HDV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IAPD.L is traded in GBp, while HDV is traded in USD. To make them comparable, the HDV values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IAPD.L achieves a 13.20% return, which is significantly lower than HDV's 13.94% return. Both investments have delivered pretty close results over the past 10 years, with IAPD.L having a 9.65% annualized return and HDV not far ahead at 10.11%.

IAPD.L

1D
0.04%
1M
0.77%
YTD
13.20%
6M
13.76%
1Y
41.98%
3Y*
20.42%
5Y*
12.72%
10Y*
9.65%

HDV

1D
0.70%
1M
1.43%
YTD
13.94%
6M
12.70%
1Y
23.33%
3Y*
12.39%
5Y*
11.67%
10Y*
10.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAPD.L vs. HDV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAPD.L
iShares Asia Pacific Dividend UCITS		13.20%22.91%9.51%8.99%11.40%6.82%-11.63%11.98%-8.55%8.25%
HDV
iShares Core High Dividend ETF		13.94%3.92%16.15%-3.37%19.78%20.58%-9.23%15.65%2.74%3.59%

Correlation

The correlation between IAPD.L and HDV is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.26

Correlation (10Y)
Calculated over the trailing 10-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Apr 1, 2011

0.41

Over the past year, the correlation between IAPD.L and HDV has dropped to 0.19 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.

IAPD.L vs. HDV - Sectors Allocation Comparison

Sectors
IAPD.L
HDV

Financial Services

30.9%
11.1%

Basic Materials

16.1%
1.2%

Consumer Cyclical

10.9%
6.1%

Real Estate

10.6%

-

Industrials

7.1%
1.4%

Consumer Defensive

5.2%
24.1%

Energy

5.1%
22.3%

Communication Services

4.7%
0.1%

Utilities

4.5%
9.2%

Healthcare

3.5%
16.5%

Technology

1.6%
8.2%

Financial Services

IAPD.L
30.9%
HDV
11.1%

Basic Materials

IAPD.L
16.1%
HDV
1.2%

Consumer Cyclical

IAPD.L
10.9%
HDV
6.1%

Real Estate

IAPD.L
10.6%
HDV

-

Industrials

IAPD.L
7.1%
HDV
1.4%

Consumer Defensive

IAPD.L
5.2%
HDV
24.1%

Energy

IAPD.L
5.1%
HDV
22.3%

Communication Services

IAPD.L
4.7%
HDV
0.1%

Utilities

IAPD.L
4.5%
HDV
9.2%

Healthcare

IAPD.L
3.5%
HDV
16.5%

Technology

IAPD.L
1.6%
HDV
8.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Asia Pacific Dividend UCITS

iShares Core High Dividend ETF

Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO
Often compared with HDV:
HDV vs. SCHDHDV vs. VYMHDV vs. SPYDHDV vs. DGROHDV vs. DVYHDV vs. VIGHDV vs. SPY

Return for Risk

IAPD.L vs. HDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
Martin Ratio Rank
HDV
HDV Risk / Return Rank: 7373
Overall Rank
HDV Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
HDV Sortino Ratio Rank: 7676
Sortino Ratio Rank
HDV Omega Ratio Rank: 6767
Omega Ratio Rank
HDV Calmar Ratio Rank: 8282
Calmar Ratio Rank
HDV Martin Ratio Rank: 6666
Martin Ratio Rank
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.L vs. HDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IAPD.L) and iShares Core High Dividend ETF (HDV). 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.

IAPD.LHDVDifference
Sharpe ratioReturn per unit of total volatility
3.89
2.20

+1.70

Sortino ratioReturn per unit of downside risk
5.56
3.23

+2.32

Omega ratioGain probability vs. loss probability

1.71

1.37

+0.34

Calmar ratioReturn relative to maximum drawdown

6.04

4.27

+1.77

Martin ratioReturn relative to average drawdown

20.30

11.58

+8.72

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IAPD.L vs. HDV - Sharpe Ratio Comparison

The current IAPD.L Sharpe Ratio is 3.89, which is higher than the HDV Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of IAPD.L and HDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IAPD.LHDVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.89

2.20

+1.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.02

0.92

+0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.61

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.78

-0.22

Drawdowns

IAPD.L vs. HDV - Drawdown Comparison

The maximum IAPD.L drawdown since its inception was -52.66%, which is greater than HDV's maximum drawdown of -30.42%. Use the drawdown chart below to compare losses from any high point for IAPD.L and HDV.

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Drawdown Indicators

IAPD.LHDVDifference

Max Drawdown

Largest peak-to-trough decline

-52.66%

-30.42%

-22.24%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-5.49%

-1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-16.88%

-12.65%

-4.23%

Max Drawdown (5Y)

Largest decline over 5 years

-16.88%

-13.32%

-3.56%

Max Drawdown (10Y)

Largest decline over 10 years

-37.53%

-30.42%

-7.11%

Current Drawdown

Current decline from peak

-2.91%

-1.76%

-1.15%

Average Drawdown

Average peak-to-trough decline

-7.37%

-4.30%

-3.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.06%

2.02%

+0.04%

Volatility

IAPD.L vs. HDV - Volatility Comparison

The current volatility for iShares Asia Pacific Dividend UCITS (IAPD.L) is 3.49%, while iShares Core High Dividend ETF (HDV) has a volatility of 3.86%. This indicates that IAPD.L experiences smaller price fluctuations and is considered to be less risky than HDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAPD.LHDVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.49%

3.86%

-0.37%

Volatility (6M)

Calculated over the trailing 6-month period

8.32%

8.58%

-0.26%

Volatility (1Y)

Calculated over the trailing 1-year period

10.73%

10.73%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.44%

12.76%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.46%

16.49%

-1.03%

IAPD.L vs. HDV - Expense Ratio Comparison

IAPD.L has a 0.59% expense ratio, which is higher than HDV's 0.08% expense ratio.

Dividends

IAPD.L vs. HDV - Dividend Comparison

IAPD.L's dividend yield for the trailing twelve months is around 4.89%, more than HDV's 2.89% yield.

PositionTTM20252024202320222021202020192018201720162015
HDV
iShares Core High Dividend ETF		2.89%3.22%3.67%3.82%3.56%3.47%4.07%3.27%3.67%3.27%3.28%3.92%
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%

Frequently Asked Questions

IAPD.L and HDV have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

HDV is cheaper with a 0.08% expense ratio, compared with 0.59% for IAPD.L.

IAPD.L is categorized as Asia Pacific Equities, while HDV is Dividend. IAPD.L tracks MSCI AC Asia Pacific NR USD, while HDV tracks Morningstar Dividend Yield Focus Index. Their fees differ too: 0.59% for IAPD.L and 0.08% for HDV.

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