IKSA.L vs. VPAC.L
IKSA.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - IKSA.L tracks the iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, IKSA.L returned 2.00%/yr vs 3.51%/yr for VPAC.L. At a 0.26 correlation, their price movements are largely independent. IKSA.L charges 0.60%/yr vs 0.50%/yr for VPAC.L.
Performance
IKSA.L vs. VPAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IKSA.L achieves a 3.91% return, which is significantly higher than VPAC.L's 2.04% return.
IKSA.L
- 1D
- -0.06%
- 1M
- -3.30%
- 6M
- -1.94%
- YTD
- 3.91%
- 1Y
- 2.55%
- 3Y*
- -0.39%
- 5Y*
- 2.00%
- 10Y*
- —
VPAC.L
- 1D
- -0.12%
- 1M
- 0.03%
- 6M
- 1.83%
- YTD
- 2.04%
- 1Y
- 5.32%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
IKSA.L vs. VPAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IKSA.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) | 3.91% | -5.49% | 0.31% | 9.40% | -5.61% | 36.71% | 0.68% | -10.51% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 7.80% |
Correlation
The correlation between IKSA.L and VPAC.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2019 | 0.26 |
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Return for Risk
IKSA.L vs. VPAC.L — Risk / Return Rank
IKSA.L
VPAC.L
IKSA.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.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.
| IKSA.L | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.32 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 2.54 | -2.28 |
| Martin ratioReturn relative to average drawdown | 0.56 | 9.98 | -9.42 |
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Drawdowns
IKSA.L vs. VPAC.L - Drawdown Comparison
The maximum IKSA.L drawdown since its inception was -52.22%, which is greater than VPAC.L's maximum drawdown of -34.25%. Use the drawdown chart below to compare losses from any high point for IKSA.L and VPAC.L.
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Drawdown Indicators
| IKSA.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.22% | -34.25% | -17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -2.02% | -9.07% |
Max Drawdown (3Y)Largest decline over 3 years | -15.79% | -3.40% | -12.39% |
Max Drawdown (5Y)Largest decline over 5 years | -29.81% | -13.89% | -15.92% |
Current DrawdownCurrent decline from peak | -18.45% | -0.33% | -18.12% |
Average DrawdownAverage peak-to-trough decline | -15.63% | -3.14% | -12.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 0.52% | +4.63% |
Volatility
IKSA.L vs. VPAC.L - Volatility Comparison
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IKSA.L) has a higher volatility of 2.54% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that IKSA.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IKSA.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 0.74% | +1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 2.28% | +8.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.27% | 3.17% | +12.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 5.30% | +10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 11.00% | +12.02% |
IKSA.L vs. VPAC.L - Expense Ratio Comparison
IKSA.L has a 0.60% expense ratio, which is higher than VPAC.L's 0.50% expense ratio.
Dividends
IKSA.L vs. VPAC.L - Dividend Comparison
Neither IKSA.L nor VPAC.L has paid dividends to shareholders.
Frequently Asked Questions
IKSA.L and VPAC.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VPAC.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VPAC.L is cheaper with a 0.50% expense ratio, compared with 0.60% for IKSA.L.
IKSA.L tracks iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc), while VPAC.L tracks Invesco Variable Rate Preferred Shares UCITS ETF USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for IKSA.L and 0.50% for VPAC.L.
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