IAPD.L vs. SPXJ.L

Last updated Jun 25, 2026

IAPD.L (iShares Asia Pacific Dividend UCITS) and SPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) are both Asia Pacific Equities funds from iShares - IAPD.L tracks the MSCI AC Asia Pacific NR USD while SPXJ.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, IAPD.L returned 7.32%/yr vs 7.80%/yr for SPXJ.L. Their correlation of 0.86 suggests significant overlap in exposure. IAPD.L charges 0.59%/yr vs 0.60%/yr for SPXJ.L.

Performance

IAPD.L vs. SPXJ.L - Performance Comparison

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

Returns By Period

In the year-to-date period, IAPD.L achieves a 11.20% return, which is significantly higher than SPXJ.L's 8.36% return. Over the past 10 years, IAPD.L has underperformed SPXJ.L with an annualized return of 7.32%, while SPXJ.L has yielded a comparatively higher 7.80% annualized return.

IAPD.L

• 1D: -0.17%
• 1M: -2.48%
• YTD: 11.20%
• 6M: 10.61%
• 1Y: 35.04%
• 3Y*: 19.13%
• 5Y*: 10.45%
• 10Y*: 7.32%

SPXJ.L

• 1D: 0.01%
• 1M: 0.04%
• YTD: 8.36%
• 6M: 7.90%
• 1Y: 15.89%
• 3Y*: 11.04%
• 5Y*: 5.51%
• 10Y*: 7.80%

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

IAPD.L vs. SPXJ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAPD.L iShares Asia Pacific Dividend UCITS	11.20%	20.92%	7.89%	7.23%	9.69%	4.75%	-12.58%	10.23%	-10.11%	6.71%
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	8.36%	11.70%	6.26%	-0.31%	4.87%	5.07%	3.08%	13.81%	-5.83%	14.36%

Correlation

The correlation between IAPD.L and SPXJ.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009	0.86

The correlation between IAPD.L and SPXJ.L shifts across timeframes, from 0.75 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

IAPD.L vs. SPXJ.L - Sectors Allocation Comparison

Sectors	IAPD.L	SPXJ.L
Financial Services	30.8%	44.6%
Basic Materials	18.2%	16.4%
Consumer Cyclical	11.1%	6.4%
Real Estate	10.0%	7.4%
Industrials	6.7%	8.6%
Energy	4.8%	2.8%
Consumer Defensive	4.6%	3.1%
Communication Services	4.4%	2.6%
Utilities	4.1%	3.5%
Healthcare	3.4%	3.5%
Technology	1.8%	1.0%

Return for Risk

IAPD.L vs. SPXJ.L — 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: 91
IAPD.L Sharpe Ratio Rank: 94
IAPD.L Sortino Ratio Rank: 95
IAPD.L Omega Ratio Rank: 93
IAPD.L Calmar Ratio Rank: 90
IAPD.L Martin Ratio Rank: 84

SPXJ.L

SPXJ.L Risk / Return Rank: 46
SPXJ.L Sharpe Ratio Rank: 46
SPXJ.L Sortino Ratio Rank: 47
SPXJ.L Omega Ratio Rank: 45
SPXJ.L Calmar Ratio Rank: 50
SPXJ.L Martin Ratio Rank: 41

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. SPXJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IAPD.L) and iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.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.

	IAPD.L	SPXJ.L	Difference
Sharpe ratio: Return per unit of total volatility	3.22	1.41	+1.81
Sortino ratio: Return per unit of downside risk	4.61	2.07	+2.54
Omega ratio: Gain probability vs. loss probability	1.58	1.26	+0.32
Calmar ratio: Return relative to maximum drawdown	5.03	2.14	+2.89
Martin ratio: Return relative to average drawdown	15.37	6.01	+9.37

IAPD.L vs. SPXJ.L - Sharpe Ratio Comparison

The current IAPD.L Sharpe Ratio is 3.22, which is higher than the SPXJ.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of IAPD.L and SPXJ.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.

Drawdowns

IAPD.L vs. SPXJ.L - Drawdown Comparison

The maximum IAPD.L drawdown since its inception was -56.01%, which is greater than SPXJ.L's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for IAPD.L and SPXJ.L.

Drawdown Indicators

	IAPD.L	SPXJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.01%	-34.08%	-21.93%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-7.39%	+0.46%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-17.62%	+0.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.92%	-17.83%	+0.91%
Max Drawdown (10Y) Largest decline over 10 years	-38.09%	-32.60%	-5.49%
Current Drawdown Current decline from peak	-4.63%	-3.12%	-1.51%
Average Drawdown Average peak-to-trough decline	-8.68%	-7.24%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.27%	2.64%	-0.37%

Volatility

IAPD.L vs. SPXJ.L - Volatility Comparison

The current volatility for iShares Asia Pacific Dividend UCITS (IAPD.L) is 3.07%, while iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) has a volatility of 3.89%. This indicates that IAPD.L experiences smaller price fluctuations and is considered to be less risky than SPXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAPD.L	SPXJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	3.89%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	8.43%	8.98%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	11.27%	-0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	13.90%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	15.79%	-0.37%

IAPD.L vs. SPXJ.L - Expense Ratio Comparison

IAPD.L has a 0.59% expense ratio, which is lower than SPXJ.L's 0.60% expense ratio.

Dividends

IAPD.L vs. SPXJ.L - Dividend Comparison

IAPD.L's dividend yield for the trailing twelve months is around 4.29%, more than SPXJ.L's 2.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAPD.L iShares Asia Pacific Dividend UCITS	4.29%	4.20%	5.25%	5.77%	6.84%	5.51%	3.70%	5.67%	5.87%	4.71%	4.22%	5.31%
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	2.47%	2.93%	3.42%	3.57%	3.75%	2.86%	2.63%	3.68%	3.71%	3.37%	3.22%	3.32%

Frequently Asked Questions

Can I hold both IAPD.L and SPXJ.L in my portfolio?

IAPD.L and SPXJ.L have a correlation of 0.75, 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.L or SPXJ.L?

On fees, IAPD.L 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, IAPD.L or SPXJ.L?

IAPD.L is cheaper with a 0.59% expense ratio, compared with 0.60% for SPXJ.L.

What is the main difference between IAPD.L and SPXJ.L?

IAPD.L tracks MSCI AC Asia Pacific NR USD, while SPXJ.L tracks MSCI Pacific Ex Japan NR USD. Their fees differ too: 0.59% for IAPD.L and 0.60% for SPXJ.L.