IDAP.L vs. HSXJ.L

Last updated Jun 5, 2026

IDAP.L (iShares Asia Pacific Dividend UCITS) and HSXJ.L (HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD) are both Asia Pacific Equities funds - IDAP.L tracks the MSCI AC Asia Pacific NR USD while HSXJ.L tracks the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 5 years, IDAP.L returned 9.72%/yr vs 10.39%/yr for HSXJ.L. A 0.72 correlation means they provide meaningful diversification when combined. IDAP.L charges 0.59%/yr vs 0.25%/yr for HSXJ.L.

Performance

IDAP.L vs. HSXJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia Pacific Dividend UCITS (IDAP.L) and HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IDAP.L is traded in USD, while HSXJ.L is traded in GBP. To make them comparable, the HSXJ.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IDAP.L achieves a 12.85% return, which is significantly lower than HSXJ.L's 34.37% return.

IDAP.L

• 1D: -0.38%
• 1M: -0.35%
• YTD: 12.85%
• 6M: 13.89%
• 1Y: 38.26%
• 3Y*: 21.67%
• 5Y*: 9.72%
• 10Y*: 7.15%

HSXJ.L

• 1D: -1.80%
• 1M: 10.55%
• YTD: 34.37%
• 6M: 38.48%
• 1Y: 64.07%
• 3Y*: 27.93%
• 5Y*: 10.39%
• 10Y*: —

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

IDAP.L vs. HSXJ.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
IDAP.L iShares Asia Pacific Dividend UCITS	12.85%	29.69%	6.18%	13.48%	-1.96%	3.39%	13.14%
HSXJ.L HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD	34.37%	32.53%	14.75%	3.80%	-15.99%	-0.37%	21.34%

Correlation

The correlation between IDAP.L and HSXJ.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020	0.72

The correlation between IDAP.L and HSXJ.L has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

IDAP.L vs. HSXJ.L - Sectors Allocation Comparison

Sectors	IDAP.L	HSXJ.L
Financial Services	30.9%	21.8%
Basic Materials	16.1%	10.6%
Consumer Cyclical	10.9%	6.4%
Real Estate	10.6%	1.0%
Industrials	7.1%	4.3%
Consumer Defensive	5.2%	1.3%
Energy	5.1%	2.4%
Communication Services	4.7%	0.4%
Utilities	4.5%	0.8%
Healthcare	3.5%	2.2%
Technology	1.6%	48.9%

Return for Risk

IDAP.L vs. HSXJ.L — Risk / Return Rank

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

IDAP.L

IDAP.L Risk / Return Rank: 86
IDAP.L Sharpe Ratio Rank: 89
IDAP.L Sortino Ratio Rank: 89
IDAP.L Omega Ratio Rank: 86
IDAP.L Calmar Ratio Rank: 83
IDAP.L Martin Ratio Rank: 84

HSXJ.L

HSXJ.L Risk / Return Rank: 93
HSXJ.L Sharpe Ratio Rank: 95
HSXJ.L Sortino Ratio Rank: 94
HSXJ.L Omega Ratio Rank: 94
HSXJ.L Calmar Ratio Rank: 91
HSXJ.L Martin Ratio Rank: 91

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.

IDAP.L vs. HSXJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IDAP.L) and HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.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.

	IDAP.L	HSXJ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	3.39	-0.44
Sortino ratio: Return per unit of downside risk	4.06	4.40	-0.35
Omega ratio: Gain probability vs. loss probability	1.52	1.59	-0.08
Calmar ratio: Return relative to maximum drawdown	4.34	4.84	-0.50
Martin ratio: Return relative to average drawdown	16.72	18.00	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDAP.L vs. HSXJ.L - Sharpe Ratio Comparison

The current IDAP.L Sharpe Ratio is 2.95, which is comparable to the HSXJ.L Sharpe Ratio of 3.39. The chart below compares the historical Sharpe Ratios of IDAP.L and HSXJ.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.

Sharpe Ratios by Period

	IDAP.L	HSXJ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	3.39	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.55	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.76	-0.52

Drawdowns

IDAP.L vs. HSXJ.L - Drawdown Comparison

The maximum IDAP.L drawdown since its inception was -69.37%, which is greater than HSXJ.L's maximum drawdown of -38.32%. Use the drawdown chart below to compare losses from any high point for IDAP.L and HSXJ.L.

Drawdown Indicators

	IDAP.L	HSXJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-69.37%	-38.32%	-31.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-13.17%	+4.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-20.37%	+1.75%
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	-35.21%	+9.84%
Max Drawdown (10Y) Largest decline over 10 years	-45.71%	—	—
Current Drawdown Current decline from peak	-3.01%	-3.18%	+0.17%
Average Drawdown Average peak-to-trough decline	-11.15%	-14.32%	+3.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.55%	-1.27%

Volatility

IDAP.L vs. HSXJ.L - Volatility Comparison

The current volatility for iShares Asia Pacific Dividend UCITS (IDAP.L) is 4.29%, while HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD (HSXJ.L) has a volatility of 8.69%. This indicates that IDAP.L experiences smaller price fluctuations and is considered to be less risky than HSXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDAP.L	HSXJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	8.69%	-4.40%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	15.97%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	18.88%	-5.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	18.91%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	18.68%	-1.95%

IDAP.L vs. HSXJ.L - Expense Ratio Comparison

IDAP.L has a 0.59% expense ratio, which is higher than HSXJ.L's 0.25% expense ratio.

Dividends

IDAP.L vs. HSXJ.L - Dividend Comparison

IDAP.L's dividend yield for the trailing twelve months is around 3.65%, while HSXJ.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HSXJ.L HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDAP.L iShares Asia Pacific Dividend UCITS	3.65%	4.22%	5.36%	5.72%	6.92%	5.59%	3.49%	5.52%	6.04%	4.55%	4.54%	5.47%

Frequently Asked Questions

Can I hold both IDAP.L and HSXJ.L in my portfolio?

IDAP.L and HSXJ.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDAP.L or HSXJ.L?

On fees, HSXJ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDAP.L or HSXJ.L?

HSXJ.L is cheaper with a 0.25% expense ratio, compared with 0.59% for IDAP.L.

What is the main difference between IDAP.L and HSXJ.L?

IDAP.L tracks MSCI AC Asia Pacific NR USD, while HSXJ.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: iShares and HSBC. Their fees differ too: 0.59% for IDAP.L and 0.25% for HSXJ.L.