IPXJ.L vs. IAPD.L
IPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist)) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds from iShares - IPXJ.L tracks the MSCI Pacific ex Japan Index (Net) while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, IPXJ.L returned 7.10%/yr vs 6.74%/yr for IAPD.L. Their correlation of 0.82 suggests significant overlap in exposure. IPXJ.L charges 0.60%/yr vs 0.59%/yr for IAPD.L.
Performance
IPXJ.L vs. IAPD.L - Performance Comparison
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Different Trading Currencies
IPXJ.L is traded in USD, while IAPD.L is traded in GBp. To make them comparable, the IAPD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IPXJ.L achieves a 9.42% return, which is significantly lower than IAPD.L's 13.97% return. Over the past 10 years, IPXJ.L has outperformed IAPD.L with an annualized return of 7.10%, while IAPD.L has yielded a comparatively lower 6.74% annualized 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%
IAPD.L
- 1D
- -0.23%
- 1M
- 1.91%
- 6M
- 8.50%
- YTD
- 13.97%
- 1Y
- 30.46%
- 3Y*
- 19.94%
- 5Y*
- 10.51%
- 10Y*
- 6.74%
IPXJ.L vs. IAPD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) | 9.42% | 19.91% | 4.45% | 5.64% | -6.26% | 3.62% | 6.65% | 17.59% | -10.82% | 25.42% |
IAPD.L iShares Asia Pacific Dividend UCITS | 13.97% | 30.05% | 6.09% | 12.89% | -2.04% | 3.80% | -9.90% | 14.66% | -15.20% | 16.87% |
Correlation
The correlation between IPXJ.L and IAPD.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2009 | 0.82 |
The correlation between IPXJ.L and IAPD.L has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
IPXJ.L vs. IAPD.L — Risk / Return Rank
IPXJ.L
IAPD.L
IPXJ.L vs. IAPD.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 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.
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 | IAPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 3.81 | -2.16 |
| Martin ratioReturn relative to average drawdown | 4.48 | 10.20 | -5.72 |
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Drawdowns
IPXJ.L vs. IAPD.L - Drawdown Comparison
The maximum IPXJ.L drawdown since its inception was -38.93%, smaller than the maximum IAPD.L drawdown of -70.10%. Use the drawdown chart below to compare losses from any high point for IPXJ.L and IAPD.L.
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Drawdown Indicators
| IPXJ.L | IAPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -70.10% | +31.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -7.96% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -18.35% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -24.44% | -25.23% | +0.79% |
Max Drawdown (10Y)Largest decline over 10 years | -38.93% | -45.48% | +6.55% |
Current DrawdownCurrent decline from peak | -2.38% | -2.43% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -8.62% | -13.01% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.98% | +0.17% |
Volatility
IPXJ.L vs. IAPD.L - Volatility Comparison
The current volatility for iShares MSCI Pacific ex-Japan UCITS ETF USD (Dist) (IPXJ.L) is 3.13%, while iShares Asia Pacific Dividend UCITS (IAPD.L) has a volatility of 3.39%. This indicates that IPXJ.L experiences smaller price fluctuations and is considered to be less risky 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
| IPXJ.L | IAPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.39% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 10.35% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 12.74% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 14.99% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 16.74% | +0.97% |
IPXJ.L vs. IAPD.L - Expense Ratio Comparison
IPXJ.L has a 0.60% expense ratio, which is higher than IAPD.L's 0.59% expense ratio.
Dividends
IPXJ.L vs. IAPD.L - Dividend Comparison
IPXJ.L's dividend yield for the trailing twelve months is around 2.83%, less than IAPD.L's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAPD.L iShares Asia Pacific Dividend UCITS | 4.18% | 4.20% | 5.25% | 5.77% | 6.84% | 5.51% | 3.70% | 5.67% | 5.87% | 4.71% | 4.22% | 5.31% |
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 IAPD.L have a correlation of 0.78, 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 0.60% for IPXJ.L.
IPXJ.L tracks MSCI Pacific ex Japan Index (Net), while IAPD.L tracks MSCI AC Asia Pacific NR USD. Their fees differ too: 0.60% for IPXJ.L and 0.59% for IAPD.L.
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