IASH.L vs. LDAG.L

Last updated Jul 16, 2026

IASH.L (iShares MSCI China A UCITS USD) and LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both exchange-traded funds - IASH.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while LDAG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 5 years, IASH.L returned -0.44%/yr vs 9.90%/yr for LDAG.L. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.

Performance

IASH.L vs. LDAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI China A UCITS USD (IASH.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IASH.L achieves a 6.11% return, which is significantly lower than LDAG.L's 15.54% return.

IASH.L

• 1D: -1.15%
• 1M: -3.17%
• 6M: 3.10%
• YTD: 6.11%
• 1Y: 26.99%
• 3Y*: 9.04%
• 5Y*: -0.44%
• 10Y*: 5.31%

LDAG.L

• 1D: -1.37%
• 1M: -3.06%
• 6M: 13.97%
• YTD: 15.54%
• 1Y: 22.13%
• 3Y*: 18.27%
• 5Y*: 9.90%
• 10Y*: —

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

IASH.L vs. LDAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IASH.L iShares MSCI China A UCITS USD	6.11%	17.67%	12.92%	-18.83%	-17.27%	9.29%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	15.54%	26.42%	5.50%	3.28%	1.73%	-25.94%

Correlation

The correlation between IASH.L and LDAG.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.38

IASH.L vs. LDAG.L - Sectors Allocation Comparison

Sectors	IASH.L	LDAG.L
Technology	31.8%	8.2%
Financial Services	17.5%	33.5%
Industrials	15.5%	12.4%
Basic Materials	11.2%	5.7%
Consumer Defensive	6.7%	7.0%
Consumer Cyclical	5.2%	11.2%
Healthcare	4.0%	3.0%
Utilities	3.3%	11.3%
Energy	3.1%	3.6%
Communication Services	1.3%	4.1%
Real Estate	0.5%	0.3%

Return for Risk

IASH.L vs. LDAG.L — Risk / Return Rank

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

IASH.L

IASH.L Risk / Return Rank: 60
IASH.L Sharpe Ratio Rank: 54
IASH.L Sortino Ratio Rank: 52
IASH.L Omega Ratio Rank: 53
IASH.L Calmar Ratio Rank: 76
IASH.L Martin Ratio Rank: 64

LDAG.L

LDAG.L Risk / Return Rank: 53
LDAG.L Sharpe Ratio Rank: 57
LDAG.L Sortino Ratio Rank: 55
LDAG.L Omega Ratio Rank: 52
LDAG.L Calmar Ratio Rank: 56
LDAG.L Martin Ratio Rank: 44

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.

IASH.L vs. LDAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.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.

	IASH.L	LDAG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.51	1.57	-0.06
Sortino ratio: Return per unit of downside risk	2.10	2.18	-0.08
Omega ratio: Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio: Return relative to maximum drawdown	3.14	2.30	+0.84
Martin ratio: Return relative to average drawdown	9.17	5.88	+3.29

IASH.L vs. LDAG.L - Sharpe Ratio Comparison

The current IASH.L Sharpe Ratio is 1.51, which is comparable to the LDAG.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of IASH.L and LDAG.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

IASH.L vs. LDAG.L - Drawdown Comparison

The maximum IASH.L drawdown since its inception was -59.37%, which is greater than LDAG.L's maximum drawdown of -33.08%. Use the drawdown chart below to compare losses from any high point for IASH.L and LDAG.L.

Drawdown Indicators

	IASH.L	LDAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-59.37%	-33.08%	-26.29%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-9.58%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-31.16%	-19.89%	-11.27%
Max Drawdown (5Y) Largest decline over 5 years	-42.23%	-19.89%	-22.34%
Max Drawdown (10Y) Largest decline over 10 years	-44.67%	—	—
Current Drawdown Current decline from peak	-14.08%	-3.35%	-10.73%
Average Drawdown Average peak-to-trough decline	-33.06%	-19.63%	-13.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	3.75%	-0.82%

Volatility

IASH.L vs. LDAG.L - Volatility Comparison

iShares MSCI China A UCITS USD (IASH.L) has a higher volatility of 8.51% compared to L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) at 3.90%. This indicates that IASH.L's price experiences larger fluctuations and is considered to be riskier than LDAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IASH.L	LDAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	3.90%	+4.61%
Volatility (6M) Calculated over the trailing 6-month period	13.42%	11.34%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	14.07%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.10%	19.86%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.84%	22.59%	+1.25%

IASH.L vs. LDAG.L - Expense Ratio Comparison

Both IASH.L and LDAG.L have an expense ratio of 0.40%.

Dividends

IASH.L vs. LDAG.L - Dividend Comparison

IASH.L has not paid dividends to shareholders, while LDAG.L's dividend yield for the trailing twelve months is around 3.90%.

Position	TTM	2025	2024	2023	2022	2021
IASH.L iShares MSCI China A UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.90%	4.23%	4.75%	5.40%	4.80%	2.19%

Frequently Asked Questions

Can I hold both IASH.L and LDAG.L in my portfolio?

IASH.L and LDAG.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IASH.L or LDAG.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IASH.L or LDAG.L?

IASH.L and LDAG.L have the same expense ratio: 0.40% per year.

What is the main difference between IASH.L and LDAG.L?

IASH.L is categorized as China Equities, while LDAG.L is Asia Pacific Equities. IASH.L tracks MSCI China A Onshore NR CNY, while LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: iShares and Legal & General.