LDAP.L vs. C500.L

Last updated Jul 18, 2026

LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)) and C500.L (Invesco S&P China A MidCap 500 Swap UCITS ETF Acc) are both exchange-traded funds - LDAP.L is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, 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, LDAP.L returned 19.79%/yr vs 3.78%/yr for C500.L. At a 0.35 correlation, their price movements are largely independent. LDAP.L charges 0.40%/yr vs 0.35%/yr for C500.L.

Performance

LDAP.L vs. C500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.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.

Returns By Period

LDAP.L

• 1D: -0.31%
• 1M: -1.62%
• 6M: 14.02%
• YTD: 16.25%
• 1Y: 23.79%
• 3Y*: 19.79%
• 5Y*: 9.48%
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024	2023	2022
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)	16.25%	35.59%	3.81%	9.13%	-5.75%
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 LDAP.L and C500.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (All Time) Calculated using the full available price history since May 9, 2022	0.35

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDAP.L

LDAP.L Risk / Return Rank: 56
LDAP.L Sharpe Ratio Rank: 60
LDAP.L Sortino Ratio Rank: 59
LDAP.L Omega Ratio Rank: 56
LDAP.L Calmar Ratio Rank: 58
LDAP.L Martin Ratio Rank: 47

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.

LDAP.L vs. C500.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.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.

	LDAP.L	C500.L	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.18	—	—
Martin ratio: Return relative to average drawdown	5.87	—	—

Drawdowns

LDAP.L vs. C500.L - Drawdown Comparison

The maximum LDAP.L drawdown since its inception was -99.33%, 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 LDAP.L and C500.L.

Drawdown Indicators

	LDAP.L	C500.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.33%	-35.90%	-63.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	0.00%	-10.85%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	-27.05%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	-34.61%	—	—
Current Drawdown Current decline from peak	-98.39%	-11.28%	-87.11%
Average Drawdown Average peak-to-trough decline	-98.71%	-14.00%	-84.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	0.00%	+4.04%

Volatility

LDAP.L vs. C500.L - Volatility Comparison

L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.L) has a higher volatility of 4.63% compared to Invesco S&P China A MidCap 500 Swap UCITS ETF Acc (C500.L) at 0.00%. This indicates that LDAP.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.

Volatility by Period

	LDAP.L	C500.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	0.00%	+4.63%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	0.00%	+13.33%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	0.00%	+15.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.06%	23.48%	+4.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.13%	23.48%	+27.65%

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

LDAP.L has a 0.40% expense ratio, which is higher than C500.L's 0.35% expense ratio.

Dividends

LDAP.L vs. C500.L - Dividend Comparison

LDAP.L's dividend yield for the trailing twelve months is around 3.86%, while C500.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
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%
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)	3.86%	4.23%	4.86%	5.25%	4.92%	2.23%

Frequently Asked Questions

Can I hold both LDAP.L and C500.L in my portfolio?

LDAP.L and C500.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDAP.L or C500.L?

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.

Which ETF is cheaper, LDAP.L or C500.L?

C500.L is cheaper with a 0.35% expense ratio, compared with 0.40% for LDAP.L.

What is the main difference between LDAP.L and C500.L?

LDAP.L is categorized as Asia Pacific Equities, while C500.L is China Equities. LDAP.L tracks FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality Net Tax Index, while C500.L tracks S&P China A MidCap 500 Index. They also come from different issuers: L&G and Invesco. Their fees differ too: 0.40% for LDAP.L and 0.35% for C500.L.