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IPXJ.L vs. C500.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IPXJ.L vs. C500.L

Last updated Jul 18, 2026
Documentation

IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both exchange-traded funds - IPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific ex Japan Index (Net), while C500.L is a China Equities fund tracking the S&P China A MidCap 500 Index. Both are passively managed. Over the past 3 years, IPXJ.L returned 11.93%/yr vs 3.78%/yr for C500.L. At a 0.39 correlation, their price movements are largely independent. IPXJ.L charges 0.60%/yr vs 0.35%/yr for C500.L.

Performance

IPXJ.L vs. C500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) and Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

C500.L

1D
0.00%
1M
0.00%
6M
0.00%
YTD
0.00%
1Y
0.00%
3Y*
3.78%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IPXJ.L vs. C500.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
IPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)		9.42%19.91%4.45%5.64%-0.87%
C500.L
Invesco S&P China A MidCap 500 Swap UCITS ETF Acc		0.00%6.99%12.50%-9.06%11.25%

Correlation

The correlation between IPXJ.L and C500.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

Correlation (All Time)
Calculated using the full available price history since May 9, 2022

0.39

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iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)

Invesco S&P China A MidCap 500 Swap UCITS ETF Acc

Often compared with IPXJ.L:
IPXJ.L vs. HSXD.LIPXJ.L vs. LDAP.LIPXJ.L vs. IDFF.LIPXJ.L vs. LGAP.LIPXJ.L vs. LGJP.LIPXJ.L vs. CNDX.LIPXJ.L vs. IDJP.L
Often compared with C500.L:
C500.L vs. C300.LC500.L vs. CA3S.LC500.L vs. JRCE.LC500.L vs. HMCT.LC500.L vs. CM5S.LC500.L vs. CNAA.LC500.L vs. CHIN.L

Return for Risk

IPXJ.L vs. C500.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IPXJ.L
IPXJ.L Risk / Return Rank: 3838
Overall Rank
IPXJ.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
IPXJ.L Sortino Ratio Rank: 3838
Sortino Ratio Rank
IPXJ.L Omega Ratio Rank: 3535
Omega Ratio Rank
IPXJ.L Calmar Ratio Rank: 4242
Calmar Ratio Rank
IPXJ.L Martin Ratio Rank: 3838
Martin Ratio Rank
C500.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

IPXJ.L vs. C500.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 Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.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.LC500.LDifference
Sharpe ratioReturn per unit of total volatility
1.02

—

—

Sortino ratioReturn per unit of downside risk
1.58

—

—

Omega ratioGain probability vs. loss probability

1.18

—

—

Calmar ratioReturn relative to maximum drawdown

1.65

—

—

Martin ratioReturn relative to average drawdown

4.48

—

—

IPXJ.L vs. C500.L - Sharpe Ratio Comparison

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Drawdowns

IPXJ.L vs. C500.L - Drawdown Comparison

The maximum IPXJ.L drawdown since its inception was -38.93%, which is greater than C500.L's maximum drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and C500.L.

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Drawdown Indicators

IPXJ.LC500.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.93%

-35.90%

-3.03%

Max Drawdown (1Y)

Largest decline over 1 year

-8.53%

0.00%

-8.53%

Max Drawdown (3Y)

Largest decline over 3 years

-18.67%

-27.05%

+8.38%

Max Drawdown (5Y)

Largest decline over 5 years

-24.44%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-38.93%

—

—

Current Drawdown

Current decline from peak

-2.38%

-11.28%

+8.90%

Average Drawdown

Average peak-to-trough decline

-8.62%

-14.00%

+5.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

0.00%

+3.15%

Volatility

IPXJ.L vs. C500.L - Volatility Comparison

iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) has a higher volatility of 3.13% compared to Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) at 0.00%. This indicates that IPXJ.L's price experiences larger fluctuations and is considered to be riskier than C500.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.LC500.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

0.00%

+3.13%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

0.00%

+11.44%

Volatility (1Y)

Calculated over the trailing 1-year period

13.87%

0.00%

+13.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.20%

23.48%

-6.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.71%

23.48%

-5.77%

IPXJ.L vs. C500.L - Expense Ratio Comparison

IPXJ.L has a 0.60% expense ratio, which is higher than C500.L's 0.35% expense ratio.

Dividends

IPXJ.L vs. C500.L - Dividend Comparison

IPXJ.L's dividend yield for the trailing twelve months is around 2.83%, while C500.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
C500.L
Invesco S&P China A MidCap 500 Swap UCITS ETF Acc		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 C500.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, C500.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

C500.L is cheaper with a 0.35% expense ratio, compared with 0.60% for IPXJ.L.

IPXJ.L is categorized as Asia Pacific Equities, while C500.L is China Equities. IPXJ.L tracks MSCI Pacific ex Japan Index (Net), while C500.L tracks S&P China A MidCap 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.60% for IPXJ.L and 0.35% for C500.L.

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