IKSD.L vs. VPAC.L
IKSD.L (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD) are both Global Equities funds - IKSD.L tracks the iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) while VPAC.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF USD. Both are passively managed. Over the past 5 years, IKSD.L returned 1.64%/yr vs 3.51%/yr for VPAC.L. At a 0.27 correlation, their price movements are largely independent. IKSD.L charges 0.60%/yr vs 0.50%/yr for VPAC.L.
Performance
IKSD.L vs. VPAC.L - Performance Comparison
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Returns By Period
In the year-to-date period, IKSD.L achieves a 2.62% return, which is significantly higher than VPAC.L's 2.04% return.
IKSD.L
- 1D
- 0.04%
- 1M
- -3.32%
- 6M
- -2.78%
- YTD
- 2.62%
- 1Y
- 1.40%
- 3Y*
- -0.83%
- 5Y*
- 1.64%
- 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*
- —
IKSD.L vs. VPAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 2.62% | -5.43% | 0.13% | 9.58% | -5.52% | 36.62% | 0.63% | -13.40% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 2.04% | 6.34% | 10.84% | 9.27% | -9.70% | 3.64% | 4.81% | 7.06% |
Correlation
The correlation between IKSD.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.27 |
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Return for Risk
IKSD.L vs. VPAC.L — Risk / Return Rank
IKSD.L
VPAC.L
IKSD.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 (Dist) (IKSD.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.
| IKSD.L | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.32 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 2.54 | -2.40 |
| Martin ratioReturn relative to average drawdown | 0.30 | 9.98 | -9.68 |
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Drawdowns
IKSD.L vs. VPAC.L - Drawdown Comparison
The maximum IKSD.L drawdown since its inception was -41.86%, 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 IKSD.L and VPAC.L.
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Drawdown Indicators
| IKSD.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -34.25% | -7.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -2.02% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -3.40% | -12.31% |
Max Drawdown (5Y)Largest decline over 5 years | -29.80% | -13.89% | -15.91% |
Current DrawdownCurrent decline from peak | -19.55% | -0.33% | -19.22% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -3.14% | -12.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 0.52% | +4.75% |
Volatility
IKSD.L vs. VPAC.L - Volatility Comparison
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IKSD.L) has a higher volatility of 2.12% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (VPAC.L) at 0.74%. This indicates that IKSD.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
| IKSD.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 0.74% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.29% | 2.28% | +8.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.83% | 3.17% | +11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.51% | 5.30% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.46% | 11.00% | +7.46% |
IKSD.L vs. VPAC.L - Expense Ratio Comparison
IKSD.L has a 0.60% expense ratio, which is higher than VPAC.L's 0.50% expense ratio.
Dividends
IKSD.L vs. VPAC.L - Dividend Comparison
IKSD.L's dividend yield for the trailing twelve months is around 3.64%, while VPAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IKSD.L iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.64% | 3.52% | 2.71% | 2.12% | 1.80% | 1.26% | 3.25% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IKSD.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 IKSD.L.
IKSD.L tracks iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist), 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 IKSD.L and 0.50% for VPAC.L.
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