IPXJ.L vs. 3KOR.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both exchange-traded funds - IPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan Index (Net), while 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares. IPXJ.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, IPXJ.L returned 11.93%/yr vs 45.15%/yr for 3KOR.L. A 0.59 correlation means they provide meaningful diversification when combined. IPXJ.L charges 0.60%/yr vs 0.75%/yr for 3KOR.L.
Performance
IPXJ.L vs. 3KOR.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPXJ.L achieves a 9.42% return, which is significantly lower than 3KOR.L's 101.07% return.
IPXJ.L
- 1D
- -0.91%
- 1M
- -0.21%
- 6M
- 7.35%
- YTD
- 9.42%
- 1Y
- 14.14%
- 3Y*
- 11.93%
- 5Y*
- 5.42%
- 10Y*
- 7.10%
3KOR.L
- 1D
- -5.32%
- 1M
- -61.59%
- 6M
- 40.27%
- YTD
- 101.07%
- 1Y
- 333.23%
- 3Y*
- 45.15%
- 5Y*
- —
- 10Y*
- —
IPXJ.L vs. 3KOR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 9.42% | 19.91% | 4.45% | 5.64% | -3.24% |
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 101.07% | 356.68% | -62.34% | 15.02% | -56.31% |
Correlation
The correlation between IPXJ.L and 3KOR.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.59 |
The correlation between IPXJ.L and 3KOR.L has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. 3KOR.L — Risk / Return Rank
IPXJ.L
3KOR.L
IPXJ.L vs. 3KOR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.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.
| IPXJ.L | 3KOR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 4.84 | -3.19 |
| Martin ratioReturn relative to average drawdown | 4.48 | 13.48 | -9.00 |
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Drawdowns
IPXJ.L vs. 3KOR.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, smaller than the maximum 3KOR.L drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and 3KOR.L.
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Drawdown Indicators
| IPXJ.L | 3KOR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -85.50% | +46.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -68.35% | +59.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -75.07% | +56.40% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | — | — |
Current DrawdownCurrent decline from peak | -2.38% | -68.35% | +65.97% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -52.46% | +43.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 24.59% | -21.44% |
Volatility
IPXJ.L vs. 3KOR.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.13%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 58.32%. This indicates that IPXJ.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPXJ.L | 3KOR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 58.32% | -55.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 120.91% | -109.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 129.92% | -116.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 88.53% | -71.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 88.53% | -70.82% |
IPXJ.L vs. 3KOR.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.
Dividends
IPXJ.L vs. 3KOR.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 2.83%, while 3KOR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 2.83% | 2.88% | 3.49% | 3.50% | 3.76% | 2.92% | 2.45% | 3.58% | 3.92% | 3.19% | 3.48% | 3.44% |
Frequently Asked Questions
IPXJ.L and 3KOR.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPXJ.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPXJ.L is cheaper with a 0.60% expense ratio, compared with 0.75% for 3KOR.L.
IPXJ.L is categorized as Asia Pacific Equities, while 3KOR.L is South Korea Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.60% for IPXJ.L and 0.75% for 3KOR.L.
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