LDAP.L vs. XKS2.L

Last updated Jul 18, 2026

LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)) and XKS2.L (Xtrackers MSCI Korea UCITS ETF 1C) 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 XKS2.L is a South Korea Equities fund tracking the MSCI Korea NR USD. Both are passively managed. Over the past 5 years, LDAP.L returned 9.48%/yr vs 14.25%/yr for XKS2.L. A 0.70 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.65%/yr for XKS2.L.

Performance

LDAP.L vs. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDAP.L is traded in USD, while XKS2.L is traded in GBp. To make them comparable, the XKS2.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDAP.L achieves a 16.25% return, which is significantly lower than XKS2.L's 66.61% return.

LDAP.L

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

XKS2.L

• 1D: -1.72%
• 1M: -22.20%
• 6M: 45.48%
• YTD: 66.61%
• 1Y: 134.33%
• 3Y*: 36.96%
• 5Y*: 14.25%
• 10Y*: 14.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDAP.L vs. XKS2.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist)	16.25%	35.59%	3.81%	9.13%	-8.93%	-99.00%
XKS2.L Xtrackers MSCI Korea UCITS ETF 1C	66.61%	99.81%	-22.97%	19.42%	-28.16%	-12.38%

Correlation

The correlation between LDAP.L and XKS2.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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.70

The correlation between LDAP.L and XKS2.L has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

Return for Risk

LDAP.L vs. XKS2.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

XKS2.L

XKS2.L Risk / Return Rank: 93
XKS2.L Sharpe Ratio Rank: 96
XKS2.L Sortino Ratio Rank: 90
XKS2.L Omega Ratio Rank: 91
XKS2.L Calmar Ratio Rank: 93
XKS2.L Martin Ratio Rank: 92

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. XKS2.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 Xtrackers MSCI Korea UCITS ETF 1C (XKS2.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	XKS2.L	Difference
Sharpe ratio: Return per unit of total volatility	1.50	3.04	-1.54
Sortino ratio: Return per unit of downside risk	2.12	3.27	-1.15
Omega ratio: Gain probability vs. loss probability	1.26	1.45	-0.19
Calmar ratio: Return relative to maximum drawdown	2.18	5.30	-3.11
Martin ratio: Return relative to average drawdown	5.87	16.95	-11.08

LDAP.L vs. XKS2.L - Sharpe Ratio Comparison

The current LDAP.L Sharpe Ratio is 1.50, which is lower than the XKS2.L Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of LDAP.L and XKS2.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.

Drawdowns

LDAP.L vs. XKS2.L - Drawdown Comparison

The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than XKS2.L's maximum drawdown of -83.33%. Use the drawdown chart below to compare losses from any high point for LDAP.L and XKS2.L.

Drawdown Indicators

	LDAP.L	XKS2.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.33%	-83.33%	-16.00%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-25.22%	+14.37%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	-35.55%	+11.08%
Max Drawdown (5Y) Largest decline over 5 years	-34.61%	-47.37%	+12.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.13%	—
Current Drawdown Current decline from peak	-98.39%	-25.22%	-73.17%
Average Drawdown Average peak-to-trough decline	-98.71%	-42.53%	-56.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	7.89%	-3.85%

Volatility

LDAP.L vs. XKS2.L - Volatility Comparison

The current volatility for L&G APAC ex-Japan Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDAP.L) is 4.63%, while Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) has a volatility of 19.07%. This indicates that LDAP.L experiences smaller price fluctuations and is considered to be less risky than XKS2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAP.L	XKS2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	19.07%	-14.44%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	39.90%	-26.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.79%	43.97%	-28.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.06%	32.44%	-4.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.13%	28.55%	+22.58%

LDAP.L vs. XKS2.L - Expense Ratio Comparison

LDAP.L has a 0.40% expense ratio, which is lower than XKS2.L's 0.65% expense ratio.

Dividends

LDAP.L vs. XKS2.L - Dividend Comparison

LDAP.L's dividend yield for the trailing twelve months is around 3.86%, while XKS2.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
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%
XKS2.L Xtrackers MSCI Korea UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDAP.L and XKS2.L in my portfolio?

LDAP.L and XKS2.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.

Which ETF is better, LDAP.L or XKS2.L?

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

Which ETF is cheaper, LDAP.L or XKS2.L?

LDAP.L is cheaper with a 0.40% expense ratio, compared with 0.65% for XKS2.L.

What is the main difference between LDAP.L and XKS2.L?

LDAP.L is categorized as Asia Pacific Equities, while XKS2.L is South Korea 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 XKS2.L tracks MSCI Korea NR USD. They also come from different issuers: L&G and Xtrackers. Their fees differ too: 0.40% for LDAP.L and 0.65% for XKS2.L.