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IKOR.L vs. UB20.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IKOR.L vs. UB20.L

Last updated Jun 26, 2026

IKOR.L (iShares MSCI Korea UCITS ETF (Dist)) and UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds - IKOR.L tracks the MSCI Korea NR USD while UB20.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, IKOR.L returned 17.70%/yr vs 8.14%/yr for UB20.L. A 0.64 correlation means they provide meaningful diversification when combined. IKOR.L charges 0.74%/yr vs 0.30%/yr for UB20.L.

Performance

IKOR.L vs. UB20.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IKOR.L achieves a 109.69% return, which is significantly higher than UB20.L's 8.56% return. Over the past 10 years, IKOR.L has outperformed UB20.L with an annualized return of 17.70%, while UB20.L has yielded a comparatively lower 8.14% annualized return.

IKOR.L

1D
2.62%
1M
4.08%
YTD
109.69%
6M
120.61%
1Y
204.31%
3Y*
47.83%
5Y*
19.62%
10Y*
17.70%

UB20.L

1D
-0.42%
1M
-0.30%
YTD
8.56%
6M
8.10%
1Y
16.54%
3Y*
11.55%
5Y*
5.92%
10Y*
8.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IKOR.L vs. UB20.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		109.69%85.96%-21.55%13.31%-19.76%-7.30%39.09%6.89%-16.49%32.45%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		8.56%12.00%6.98%-0.10%5.26%5.29%3.52%14.10%-5.54%14.53%

Correlation

The correlation between IKOR.L and UB20.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

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

0.51

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

0.54

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

0.63

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2012

0.64

The correlation between IKOR.L and UB20.L shifts across timeframes, from 0.46 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

IKOR.L vs. UB20.L - Sectors Allocation Comparison

Sectors
IKOR.L
UB20.L

Technology

60.1%
1.0%

Industrials

16.1%
8.5%

Financial Services

8.1%
45.1%

Consumer Cyclical

6.9%
6.3%

Healthcare

2.5%
3.3%

Communication Services

2.4%
2.6%

Basic Materials

1.6%
16.3%

Consumer Defensive

1.2%
3.0%

Energy

0.8%
2.7%

Utilities

0.3%
3.5%

Real Estate

-

7.8%

Technology

IKOR.L
60.1%
UB20.L
1.0%

Industrials

IKOR.L
16.1%
UB20.L
8.5%

Financial Services

IKOR.L
8.1%
UB20.L
45.1%

Consumer Cyclical

IKOR.L
6.9%
UB20.L
6.3%

Healthcare

IKOR.L
2.5%
UB20.L
3.3%

Communication Services

IKOR.L
2.4%
UB20.L
2.6%

Basic Materials

IKOR.L
1.6%
UB20.L
16.3%

Consumer Defensive

IKOR.L
1.2%
UB20.L
3.0%

Energy

IKOR.L
0.8%
UB20.L
2.7%

Utilities

IKOR.L
0.3%
UB20.L
3.5%

Real Estate

IKOR.L

-

UB20.L
7.8%

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 Korea UCITS ETF (Dist)

UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis

Often compared with IKOR.L:
IKOR.L vs. VOOIKOR.L vs. EWYIKOR.L vs. FLRK.LIKOR.L vs. FRXT.LIKOR.L vs. XMID.LIKOR.L vs. CP9U.LIKOR.L vs. CSKR.L
Often compared with UB20.L:
UB20.L vs. EQQQ.LUB20.L vs. XKS2.LUB20.L vs. UC44.LUB20.L vs. FRIN.LUB20.L vs. ASDV.LUB20.L vs. HMEF.LUB20.L vs. PADV.L

Return for Risk

IKOR.L vs. UB20.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IKOR.L
IKOR.L Risk / Return Rank: 9797
Overall Rank
IKOR.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IKOR.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
IKOR.L Omega Ratio Rank: 9696
Omega Ratio Rank
IKOR.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
IKOR.L Martin Ratio Rank: 9696
Martin Ratio Rank
UB20.L
UB20.L Risk / Return Rank: 4747
Overall Rank
UB20.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
UB20.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
UB20.L Omega Ratio Rank: 4646
Omega Ratio Rank
UB20.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
UB20.L Martin Ratio Rank: 4343
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.

IKOR.L vs. UB20.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.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.

IKOR.LUB20.LDifference
Sharpe ratioReturn per unit of total volatility
5.04
1.47

+3.57

Sortino ratioReturn per unit of downside risk
4.64
2.18

+2.46

Omega ratioGain probability vs. loss probability

1.69

1.27

+0.42

Calmar ratioReturn relative to maximum drawdown

9.45

2.25

+7.20

Martin ratioReturn relative to average drawdown

31.53

6.49

+25.04

IKOR.L vs. UB20.L - Sharpe Ratio Comparison

The current IKOR.L Sharpe Ratio is 5.04, which is higher than the UB20.L Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of IKOR.L and UB20.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

IKOR.L vs. UB20.L - Drawdown Comparison

The maximum IKOR.L drawdown since its inception was -77.32%, which is greater than UB20.L's maximum drawdown of -32.34%. Use the drawdown chart below to compare losses from any high point for IKOR.L and UB20.L.

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Drawdown Indicators

IKOR.LUB20.LDifference

Max Drawdown

Largest peak-to-trough decline

-77.32%

-32.34%

-44.98%

Max Drawdown (1Y)

Largest decline over 1 year

-21.48%

-7.32%

-14.16%

Max Drawdown (3Y)

Largest decline over 3 years

-28.58%

-17.80%

-10.78%

Max Drawdown (5Y)

Largest decline over 5 years

-40.83%

-17.80%

-23.03%

Max Drawdown (10Y)

Largest decline over 10 years

-44.11%

-32.34%

-11.77%

Current Drawdown

Current decline from peak

-7.42%

-3.32%

-4.10%

Average Drawdown

Average peak-to-trough decline

-27.61%

-6.50%

-21.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.45%

2.54%

+3.91%

Volatility

IKOR.L vs. UB20.L - Volatility Comparison

iShares MSCI Korea UCITS ETF (Dist) (IKOR.L) has a higher volatility of 19.30% compared to UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) at 3.82%. This indicates that IKOR.L's price experiences larger fluctuations and is considered to be riskier than UB20.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IKOR.LUB20.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

19.30%

3.82%

+15.48%

Volatility (6M)

Calculated over the trailing 6-month period

36.38%

8.92%

+27.46%

Volatility (1Y)

Calculated over the trailing 1-year period

40.29%

11.21%

+29.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.42%

14.00%

+12.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.03%

15.75%

+9.28%

IKOR.L vs. UB20.L - Expense Ratio Comparison

IKOR.L has a 0.74% expense ratio, which is higher than UB20.L's 0.30% expense ratio.

Dividends

IKOR.L vs. UB20.L - Dividend Comparison

IKOR.L's dividend yield for the trailing twelve months is around 0.41%, less than UB20.L's 2.93% yield.

PositionTTM20252024202320222021202020192018201720162015
IKOR.L
iShares MSCI Korea UCITS ETF (Dist)		0.41%0.83%1.31%1.14%1.34%1.36%0.76%1.28%1.07%0.72%0.57%0.43%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		2.93%3.86%3.26%3.96%3.66%2.60%3.05%4.08%4.33%3.43%4.00%5.19%

Frequently Asked Questions

IKOR.L and UB20.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, UB20.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB20.L is cheaper with a 0.30% expense ratio, compared with 0.74% for IKOR.L.

IKOR.L tracks MSCI Korea NR USD, while UB20.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.74% for IKOR.L and 0.30% for UB20.L.

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