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INRL.L vs. IAPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INRL.L vs. IAPD.L

Last updated Jun 5, 2026

INRL.L (Lyxor MSCI India UCITS ETF - Acc (USD)) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - INRL.L tracks the MSCI India NR USD while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, INRL.L returned 7.21%/yr vs 9.65%/yr for IAPD.L. At a 0.47 correlation, their price movements are largely independent. INRL.L charges 0.85%/yr vs 0.59%/yr for IAPD.L.

Performance

INRL.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI India UCITS ETF - Acc (USD) (INRL.L) and iShares Asia Pacific Dividend UCITS (IAPD.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, INRL.L achieves a -12.50% return, which is significantly lower than IAPD.L's 13.20% return. Over the past 10 years, INRL.L has underperformed IAPD.L with an annualized return of 7.21%, while IAPD.L has yielded a comparatively higher 9.65% annualized return.

INRL.L

1D
1.35%
1M
-3.40%
YTD
-12.50%
6M
-13.28%
1Y
-12.78%
3Y*
1.92%
5Y*
3.75%
10Y*
7.21%

IAPD.L

1D
0.04%
1M
-1.63%
YTD
13.20%
6M
13.81%
1Y
40.68%
3Y*
20.42%
5Y*
12.72%
10Y*
9.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INRL.L vs. IAPD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INRL.L
Lyxor MSCI India UCITS ETF - Acc (USD)		-12.50%-5.74%11.19%12.56%1.46%25.81%9.68%2.69%-3.77%24.93%
IAPD.L
iShares Asia Pacific Dividend UCITS		13.20%22.91%9.51%8.99%11.40%6.82%-11.63%11.98%-8.55%8.25%

Correlation

The correlation between INRL.L and IAPD.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.33

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

0.32

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

0.45

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2012

0.47

The correlation between INRL.L and IAPD.L shifts across timeframes, from 0.32 (1 year) to 0.47 (all time), reflecting how their relationship changes across market environments.

INRL.L vs. IAPD.L - Sectors Allocation Comparison

Sectors
INRL.L
IAPD.L

Financial Services

28.3%
30.9%

Consumer Cyclical

12.4%
10.9%

Industrials

10.2%
7.1%

Energy

9.5%
5.1%

Basic Materials

8.5%
16.1%

Technology

8.2%
1.6%

Consumer Defensive

6.2%
5.2%

Healthcare

6.1%
3.5%

Communication Services

4.7%
4.7%

Utilities

4.5%
4.5%

Real Estate

1.3%
10.6%

Financial Services

INRL.L
28.3%
IAPD.L
30.9%

Consumer Cyclical

INRL.L
12.4%
IAPD.L
10.9%

Industrials

INRL.L
10.2%
IAPD.L
7.1%

Energy

INRL.L
9.5%
IAPD.L
5.1%

Basic Materials

INRL.L
8.5%
IAPD.L
16.1%

Technology

INRL.L
8.2%
IAPD.L
1.6%

Consumer Defensive

INRL.L
6.2%
IAPD.L
5.2%

Healthcare

INRL.L
6.1%
IAPD.L
3.5%

Communication Services

INRL.L
4.7%
IAPD.L
4.7%

Utilities

INRL.L
4.5%
IAPD.L
4.5%

Real Estate

INRL.L
1.3%
IAPD.L
10.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor MSCI India UCITS ETF - Acc (USD)

iShares Asia Pacific Dividend UCITS

Often compared with INRL.L:
INRL.L vs. VUAA.DEINRL.L vs. CI2G.LINRL.L vs. FLININRL.L vs. EUNL.DEINRL.L vs. SPPW.DEINRL.L vs. CP9G.LINRL.L vs. 500U.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO

Return for Risk

INRL.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INRL.L
INRL.L Risk / Return Rank: 33
Overall Rank
INRL.L Sharpe Ratio Rank: 33
Sharpe Ratio Rank
INRL.L Sortino Ratio Rank: 33
Sortino Ratio Rank
INRL.L Omega Ratio Rank: 33
Omega Ratio Rank
INRL.L Calmar Ratio Rank: 44
Calmar Ratio Rank
INRL.L Martin Ratio Rank: 22
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
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.

INRL.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI India UCITS ETF - Acc (USD) (INRL.L) and iShares Asia Pacific Dividend UCITS (IAPD.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.

INRL.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
-0.80
3.89

-4.69

Sortino ratioReturn per unit of downside risk
-1.08
5.56

-6.63

Omega ratioGain probability vs. loss probability

0.88

1.71

-0.83

Calmar ratioReturn relative to maximum drawdown

-0.61

6.04

-6.65

Martin ratioReturn relative to average drawdown

-1.37

20.30

-21.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INRL.L vs. IAPD.L - Sharpe Ratio Comparison

The current INRL.L Sharpe Ratio is -0.80, which is lower than the IAPD.L Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of INRL.L and IAPD.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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Sharpe Ratios by Period

INRL.LIAPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.80

3.89

-4.69

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

1.02

-0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.62

-0.26

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.56

-0.21

Drawdowns

INRL.L vs. IAPD.L - Drawdown Comparison

The maximum INRL.L drawdown since its inception was -37.58%, smaller than the maximum IAPD.L drawdown of -52.66%. Use the drawdown chart below to compare losses from any high point for INRL.L and IAPD.L.

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Drawdown Indicators

INRL.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-37.58%

-52.66%

+15.08%

Max Drawdown (1Y)

Largest decline over 1 year

-19.97%

-6.92%

-13.05%

Max Drawdown (3Y)

Largest decline over 3 years

-26.82%

-16.88%

-9.94%

Max Drawdown (5Y)

Largest decline over 5 years

-26.82%

-16.88%

-9.94%

Max Drawdown (10Y)

Largest decline over 10 years

-37.58%

-37.53%

-0.05%

Current Drawdown

Current decline from peak

-23.57%

-2.91%

-20.66%

Average Drawdown

Average peak-to-trough decline

-8.59%

-7.37%

-1.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.97%

2.06%

+6.91%

Volatility

INRL.L vs. IAPD.L - Volatility Comparison

Lyxor MSCI India UCITS ETF - Acc (USD) (INRL.L) has a higher volatility of 6.18% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.49%. This indicates that INRL.L's price experiences larger fluctuations and is considered to be riskier than IAPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

INRL.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.18%

3.49%

+2.69%

Volatility (6M)

Calculated over the trailing 6-month period

12.74%

8.32%

+4.42%

Volatility (1Y)

Calculated over the trailing 1-year period

15.31%

10.73%

+4.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.87%

12.44%

+3.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.76%

15.46%

+4.30%

INRL.L vs. IAPD.L - Expense Ratio Comparison

INRL.L has a 0.85% expense ratio, which is higher than IAPD.L's 0.59% expense ratio.

Dividends

INRL.L vs. IAPD.L - Dividend Comparison

INRL.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%
INRL.L
Lyxor MSCI India UCITS ETF - Acc (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%

Frequently Asked Questions

INRL.L and IAPD.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IAPD.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IAPD.L is cheaper with a 0.59% expense ratio, compared with 0.85% for INRL.L.

INRL.L tracks MSCI India NR USD, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.85% for INRL.L and 0.59% for IAPD.L.

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