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ISFE.L vs. LDAG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISFE.L vs. LDAG.L

Last updated Jun 5, 2026

ISFE.L (iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF) and LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both Asia Pacific Equities funds - ISFE.L tracks the MSCI AC Asia Ex JPN Small Cap NR USD while LDAG.L tracks the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 5 years, ISFE.L returned 9.21%/yr vs 9.96%/yr for LDAG.L. A 0.67 correlation means they provide meaningful diversification when combined. ISFE.L charges 0.74%/yr vs 0.40%/yr for LDAG.L.

Performance

ISFE.L vs. LDAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF (ISFE.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.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, ISFE.L achieves a 24.56% return, which is significantly higher than LDAG.L's 15.96% return.

ISFE.L

1D
-0.69%
1M
0.39%
YTD
24.56%
6M
24.82%
1Y
52.91%
3Y*
18.16%
5Y*
9.21%
10Y*
11.11%

LDAG.L

1D
-1.55%
1M
0.03%
YTD
15.96%
6M
14.78%
1Y
37.27%
3Y*
17.83%
5Y*
9.96%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISFE.L vs. LDAG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
ISFE.L
iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF		24.56%25.83%1.88%7.33%-11.93%4.96%
LDAG.L
L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF		15.96%26.41%5.50%3.28%1.73%-0.75%

Correlation

The correlation between ISFE.L and LDAG.L is 0.60, 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

0.60

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

0.64

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

0.67

Correlation (All Time)
Calculated using the full available price history since Apr 16, 2021

0.67

The correlation between ISFE.L and LDAG.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.

ISFE.L vs. LDAG.L - Sectors Allocation Comparison

Sectors
ISFE.L
LDAG.L

Technology

32.6%
6.5%

Industrials

18.1%
12.3%

Healthcare

8.5%
2.8%

Real Estate

8.1%
0.3%

Consumer Cyclical

8.1%
11.1%

Basic Materials

6.9%
5.8%

Financial Services

5.8%
34.9%

Consumer Defensive

5.2%
7.1%

Communication Services

3.1%
4.3%

Energy

2.2%
3.7%

Utilities

1.3%
11.6%

Technology

ISFE.L
32.6%
LDAG.L
6.5%

Industrials

ISFE.L
18.1%
LDAG.L
12.3%

Healthcare

ISFE.L
8.5%
LDAG.L
2.8%

Real Estate

ISFE.L
8.1%
LDAG.L
0.3%

Consumer Cyclical

ISFE.L
8.1%
LDAG.L
11.1%

Basic Materials

ISFE.L
6.9%
LDAG.L
5.8%

Financial Services

ISFE.L
5.8%
LDAG.L
34.9%

Consumer Defensive

ISFE.L
5.2%
LDAG.L
7.1%

Communication Services

ISFE.L
3.1%
LDAG.L
4.3%

Energy

ISFE.L
2.2%
LDAG.L
3.7%

Utilities

ISFE.L
1.3%
LDAG.L
11.6%

Compare stocks, funds, or ETFs

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iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF

L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF

Often compared with ISFE.L:
ISFE.L vs. SCHDISFE.L vs. FLINISFE.L vs. CSKR.LISFE.L vs. CP9G.LISFE.L vs. PADV.LISFE.L vs. IWDA.LISFE.L vs. HKOR.L
Often compared with LDAG.L:
LDAG.L vs. VAPX.LLDAG.L vs. XKS2.LLDAG.L vs. AIAI.LLDAG.L vs. GLGG.LLDAG.L vs. SPYGLDAG.L vs. APEX.LLDAG.L vs. CP9U.L

Return for Risk

ISFE.L vs. LDAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISFE.L
ISFE.L Risk / Return Rank: 8787
Overall Rank
ISFE.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ISFE.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
ISFE.L Omega Ratio Rank: 8484
Omega Ratio Rank
ISFE.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
ISFE.L Martin Ratio Rank: 9090
Martin Ratio Rank
LDAG.L
LDAG.L Risk / Return Rank: 7777
Overall Rank
LDAG.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
LDAG.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
LDAG.L Omega Ratio Rank: 8080
Omega Ratio Rank
LDAG.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
LDAG.L Martin Ratio Rank: 6161
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.

ISFE.L vs. LDAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF (ISFE.L) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.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.

ISFE.LLDAG.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.72

+0.17

Sortino ratioReturn per unit of downside risk
3.61
3.57

+0.04

Omega ratioGain probability vs. loss probability

1.50

1.47

+0.03

Calmar ratioReturn relative to maximum drawdown

6.08

3.87

+2.21

Martin ratioReturn relative to average drawdown

20.44

10.60

+9.84

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

ISFE.L vs. LDAG.L - Sharpe Ratio Comparison

The current ISFE.L Sharpe Ratio is 2.89, which is comparable to the LDAG.L Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of ISFE.L and LDAG.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

ISFE.LLDAG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.72

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

0.77

-0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.76

-0.24

Drawdowns

ISFE.L vs. LDAG.L - Drawdown Comparison

The maximum ISFE.L drawdown since its inception was -52.81%, which is greater than LDAG.L's maximum drawdown of -14.68%. Use the drawdown chart below to compare losses from any high point for ISFE.L and LDAG.L.

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Drawdown Indicators

ISFE.LLDAG.LDifference

Max Drawdown

Largest peak-to-trough decline

-52.81%

-14.68%

-38.13%

Max Drawdown (1Y)

Largest decline over 1 year

-8.67%

-9.58%

+0.91%

Max Drawdown (3Y)

Largest decline over 3 years

-21.48%

-14.68%

-6.80%

Max Drawdown (5Y)

Largest decline over 5 years

-23.69%

-14.68%

-9.01%

Max Drawdown (10Y)

Largest decline over 10 years

-33.84%

—

—

Current Drawdown

Current decline from peak

-1.77%

-3.00%

+1.23%

Average Drawdown

Average peak-to-trough decline

-8.25%

-4.33%

-3.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.58%

3.51%

-0.93%

Volatility

ISFE.L vs. LDAG.L - Volatility Comparison

iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF (ISFE.L) has a higher volatility of 6.71% compared to L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) at 4.72%. This indicates that ISFE.L's price experiences larger fluctuations and is considered to be riskier than LDAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISFE.LLDAG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.71%

4.72%

+1.99%

Volatility (6M)

Calculated over the trailing 6-month period

15.13%

10.47%

+4.66%

Volatility (1Y)

Calculated over the trailing 1-year period

18.23%

13.75%

+4.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.29%

12.90%

+3.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.25%

12.90%

+4.35%

ISFE.L vs. LDAG.L - Expense Ratio Comparison

ISFE.L has a 0.74% expense ratio, which is higher than LDAG.L's 0.40% expense ratio.

Dividends

ISFE.L vs. LDAG.L - Dividend Comparison

ISFE.L's dividend yield for the trailing twelve months is around 2.44%, less than LDAG.L's 3.78% yield.

PositionTTM20252024202320222021202020192018201720162015
ISFE.L
iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF		2.44%3.10%3.47%3.94%4.44%2.88%2.67%3.85%4.25%3.10%3.04%3.92%
LDAG.L
L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF		3.78%4.23%4.75%5.40%4.80%2.19%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISFE.L and LDAG.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LDAG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LDAG.L is cheaper with a 0.40% expense ratio, compared with 0.74% for ISFE.L.

ISFE.L tracks MSCI AC Asia Ex JPN Small Cap NR USD, while LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.74% for ISFE.L and 0.40% for LDAG.L.

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