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

IAUS.L vs. IAPD.L

Last updated Jul 22, 2026
Documentation

IAUS.L (iShares MSCI Australia UCITS ETF USD (Acc)) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds from iShares - IAUS.L tracks the MSCI Australia Index (Net) while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, IAUS.L returned 7.93%/yr vs 6.58%/yr for IAPD.L. A 0.79 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.59%/yr for IAPD.L.

Performance

IAUS.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, IAUS.L achieves a 10.07% return, which is significantly lower than IAPD.L's 14.30% return. Over the past 10 years, IAUS.L has outperformed IAPD.L with an annualized return of 7.93%, while IAPD.L has yielded a comparatively lower 6.58% annualized return.

IAUS.L

1D
0.00%
1M
0.74%
6M
9.27%
YTD
10.07%
1Y
11.31%
3Y*
11.10%
5Y*
6.54%
10Y*
7.93%
ALL TIME*
5.87%

IAPD.L

1D
-0.34%
1M
3.38%
6M
9.20%
YTD
14.30%
1Y
29.05%
3Y*
20.24%
5Y*
10.57%
10Y*
6.58%
ALL TIME*
4.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IAUS.L
iShares MSCI Australia UCITS ETF USD (Acc)		10.07%13.86%1.70%13.84%-5.50%8.27%9.46%21.85%-12.47%20.13%
IAPD.L
iShares Asia Pacific Dividend UCITS		14.30%30.05%6.09%12.89%-2.04%3.80%-9.90%14.66%-15.20%16.87%

Correlation

The correlation between IAUS.L and IAPD.L is 0.72, 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

0.72

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

0.76

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

0.75

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

0.75

Correlation (All Time)
Calculated using the full available price history since Jan 22, 2010

0.79

The correlation between IAUS.L and IAPD.L has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.

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

Sectors
IAUS.L
IAPD.L

Financial Services

41.7%
32.9%

Basic Materials

24.5%
16.4%

Consumer Cyclical

7.3%
10.7%

Real Estate

5.0%
9.4%

Healthcare

4.9%
3.7%

Industrials

4.4%
7.2%

Consumer Defensive

4.0%
4.7%

Energy

3.8%
4.6%

Communication Services

1.8%
4.4%

Utilities

1.6%
4.3%

Technology

0.9%
1.8%

Financial Services

IAUS.L
41.7%
IAPD.L
32.9%

Basic Materials

IAUS.L
24.5%
IAPD.L
16.4%

Consumer Cyclical

IAUS.L
7.3%
IAPD.L
10.7%

Real Estate

IAUS.L
5.0%
IAPD.L
9.4%

Healthcare

IAUS.L
4.9%
IAPD.L
3.7%

Industrials

IAUS.L
4.4%
IAPD.L
7.2%

Consumer Defensive

IAUS.L
4.0%
IAPD.L
4.7%

Energy

IAUS.L
3.8%
IAPD.L
4.6%

Communication Services

IAUS.L
1.8%
IAPD.L
4.4%

Utilities

IAUS.L
1.6%
IAPD.L
4.3%

Technology

IAUS.L
0.9%
IAPD.L
1.8%

Compare stocks, funds, or ETFs

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

iShares MSCI Australia UCITS ETF USD (Acc)

iShares Asia Pacific Dividend UCITS

Often compared with IAUS.L:
IAUS.L vs. CSP1.LIAUS.L vs. ISAC.LIAUS.L vs. IWDA.LIAUS.L vs. KSTR.LIAUS.L vs. FLXK.LIAUS.L vs. IITU.LIAUS.L vs. EIMI.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. VAPX.LIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VOO

Return for Risk

IAUS.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAUS.L
IAUS.L Risk / Return Rank: 2828
Overall Rank
IAUS.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
IAUS.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
IAUS.L Omega Ratio Rank: 2626
Omega Ratio Rank
IAUS.L Calmar Ratio Rank: 3131
Calmar Ratio Rank
IAUS.L Martin Ratio Rank: 2929
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9191
Overall Rank
IAPD.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9393
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 8282
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.

IAUS.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and iShares Asia Pacific Dividend UCITS (IAPD.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.

IAUS.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
0.71
2.27

-1.56

Sortino ratioReturn per unit of downside risk
1.16
3.26

-2.10

Omega ratioGain probability vs. loss probability

1.13

1.40

-0.27

Calmar ratioReturn relative to maximum drawdown

1.16

3.63

-2.47

Martin ratioReturn relative to average drawdown

2.84

9.71

-6.87

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

The current IAUS.L Sharpe Ratio is 0.71, which is lower than the IAPD.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of IAUS.L and IAPD.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.

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Drawdowns

IAUS.L vs. IAPD.L - Drawdown Comparison

The maximum IAUS.L drawdown since its inception was -44.76%, smaller than the maximum IAPD.L drawdown of -70.10%. Use the drawdown chart below to compare losses from any high point for IAUS.L and IAPD.L.

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Drawdown Indicators

IAUS.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-44.76%

-70.10%

+25.34%

Max Drawdown (1Y)

Largest decline over 1 year

-9.68%

-7.96%

-1.72%

Max Drawdown (3Y)

Largest decline over 3 years

-23.04%

-18.35%

-4.69%

Max Drawdown (5Y)

Largest decline over 5 years

-24.60%

-25.23%

+0.63%

Max Drawdown (10Y)

Largest decline over 10 years

-44.76%

-45.48%

+0.72%

Current Drawdown

Current decline from peak

-4.38%

-2.15%

-2.23%

Average Drawdown

Average peak-to-trough decline

-9.26%

-13.01%

+3.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.98%

2.98%

+1.00%

Volatility

IAUS.L vs. IAPD.L - Volatility Comparison

iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and iShares Asia Pacific Dividend UCITS (IAPD.L) have volatilities of 3.52% and 3.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAUS.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

3.42%

+0.10%

Volatility (6M)

Calculated over the trailing 6-month period

13.34%

10.37%

+2.97%

Volatility (1Y)

Calculated over the trailing 1-year period

15.89%

12.73%

+3.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.49%

14.98%

+4.51%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.74%

16.74%

+4.00%

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

IAUS.L has a 0.50% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.

Dividends

IAUS.L vs. IAPD.L - Dividend Comparison

IAUS.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.15%.

PositionTTM20252024202320222021202020192018201720162015
IAPD.L
iShares Asia Pacific Dividend UCITS		4.15%4.20%5.25%5.77%6.84%5.51%3.70%5.67%5.87%4.71%4.22%5.31%
IAUS.L
iShares MSCI Australia UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAUS.L and IAPD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IAUS.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IAUS.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IAPD.L.

IAUS.L tracks MSCI Australia Index (Net), while IAPD.L tracks MSCI AC Asia Pacific NR USD. Their fees differ too: 0.50% for IAUS.L and 0.59% for IAPD.L.

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