IDAP.L vs. PAXJ.L

Last updated Jun 5, 2026

IDAP.L (iShares Asia Pacific Dividend UCITS) and PAXJ.L (Lyxor MSCI Pacific Ex Japan UCITS ETF) are both Asia Pacific Equities funds - IDAP.L tracks the MSCI AC Asia Pacific NR USD while PAXJ.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past year, IDAP.L returned 38.26% vs 19.16% for PAXJ.L. At a 0.42 correlation, their price movements are largely independent. IDAP.L charges 0.59%/yr vs 0.12%/yr for PAXJ.L.

Performance

IDAP.L vs. PAXJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia Pacific Dividend UCITS (IDAP.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDAP.L achieves a 12.85% return, which is significantly higher than PAXJ.L's 8.70% 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%

PAXJ.L

• 1D: -0.86%
• 1M: -0.50%
• YTD: 8.70%
• 6M: 12.99%
• 1Y: 19.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
IDAP.L iShares Asia Pacific Dividend UCITS	12.85%	29.69%	4.24%
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF	8.70%	20.68%	6.36%

Correlation

The correlation between IDAP.L and PAXJ.L is 0.63, 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	0.63
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024	0.42

Over the past year, IDAP.L and PAXJ.L have become more correlated (0.63) than their long-term average of 0.42, meaning their price movements have been converging.

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

Sectors	IDAP.L	PAXJ.L
Financial Services	30.9%	46.1%
Basic Materials	16.1%	14.6%
Consumer Cyclical	10.9%	6.0%
Real Estate	10.6%	7.8%
Industrials	7.1%	8.5%
Consumer Defensive	5.2%	3.0%
Energy	5.1%	2.9%
Communication Services	4.7%	2.7%
Utilities	4.5%	3.6%
Healthcare	3.5%	3.7%
Technology	1.6%	1.1%

Return for Risk

IDAP.L vs. PAXJ.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

PAXJ.L

PAXJ.L Risk / Return Rank: 65
PAXJ.L Sharpe Ratio Rank: 60
PAXJ.L Sortino Ratio Rank: 66
PAXJ.L Omega Ratio Rank: 58
PAXJ.L Calmar Ratio Rank: 79
PAXJ.L Martin Ratio Rank: 63

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. PAXJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IDAP.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.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	PAXJ.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	1.99	+0.96
Sortino ratio: Return per unit of downside risk	4.06	3.01	+1.05
Omega ratio: Gain probability vs. loss probability	1.52	1.35	+0.17
Calmar ratio: Return relative to maximum drawdown	4.34	3.98	+0.37
Martin ratio: Return relative to average drawdown	16.72	11.17	+5.55
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. PAXJ.L - Sharpe Ratio Comparison

The current IDAP.L Sharpe Ratio is 2.95, which is higher than the PAXJ.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IDAP.L and PAXJ.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	PAXJ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	1.99	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
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	1.93	-1.69

Drawdowns

IDAP.L vs. PAXJ.L - Drawdown Comparison

The maximum IDAP.L drawdown since its inception was -69.37%, which is greater than PAXJ.L's maximum drawdown of -17.04%. Use the drawdown chart below to compare losses from any high point for IDAP.L and PAXJ.L.

Drawdown Indicators

	IDAP.L	PAXJ.L	Difference
Max Drawdown Largest peak-to-trough decline	-69.37%	-17.04%	-52.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-8.61%	-0.16%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.71%	—	—
Current Drawdown Current decline from peak	-3.01%	-3.31%	+0.30%
Average Drawdown Average peak-to-trough decline	-11.15%	-2.57%	-8.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	—	—

Volatility

IDAP.L vs. PAXJ.L - Volatility Comparison

iShares Asia Pacific Dividend UCITS (IDAP.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.L) have volatilities of 4.29% and 4.50%, 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.

Volatility by Period

	IDAP.L	PAXJ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.50%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	11.52%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	17.28%	-4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	27.08%	-12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	27.08%	-10.35%

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

IDAP.L has a 0.59% expense ratio, which is higher than PAXJ.L's 0.12% expense ratio.

Dividends

IDAP.L vs. PAXJ.L - Dividend Comparison

IDAP.L's dividend yield for the trailing twelve months is around 3.65%, more than PAXJ.L's 3.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF	3.08%	3.34%	5.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

IDAP.L and PAXJ.L have a correlation of 0.63, 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 PAXJ.L?

On fees, PAXJ.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

PAXJ.L is cheaper with a 0.12% expense ratio, compared with 0.59% for IDAP.L.

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

IDAP.L tracks MSCI AC Asia Pacific NR USD, while PAXJ.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.59% for IDAP.L and 0.12% for PAXJ.L.