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LGAG.L vs. IAPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGAG.L vs. IAPD.L

Last updated Jun 5, 2026

LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - LGAG.L tracks the MSCI Pacific Ex Japan NR USD while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, LGAG.L returned 5.68%/yr vs 12.72%/yr for IAPD.L. Their correlation of 0.80 suggests significant overlap in exposure. LGAG.L charges 0.10%/yr vs 0.59%/yr for IAPD.L.

Performance

LGAG.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and iShares Asia Pacific Dividend UCITS (IAPD.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, LGAG.L achieves a 8.78% return, which is significantly lower than IAPD.L's 13.20% return.

LGAG.L

1D
-0.69%
1M
0.27%
YTD
8.78%
6M
9.30%
1Y
17.23%
3Y*
10.29%
5Y*
5.68%
10Y*
—

IAPD.L

1D
0.04%
1M
0.77%
YTD
13.20%
6M
13.76%
1Y
41.98%
3Y*
20.42%
5Y*
12.72%
10Y*
9.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGAG.L vs. IAPD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGAG.L
L&G Asia Pacific ex Japan Equity UCITS ETF		8.78%12.56%6.20%-0.81%5.61%4.15%4.80%14.08%-22.77%
IAPD.L
iShares Asia Pacific Dividend UCITS		13.20%22.91%9.51%8.99%11.40%6.82%-11.63%11.98%-2.03%

Correlation

The correlation between LGAG.L and IAPD.L is 0.76, 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

0.76

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

0.80

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

0.77

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2018

0.80

The correlation between LGAG.L and IAPD.L has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

LGAG.L vs. IAPD.L - Sectors Allocation Comparison

Sectors
LGAG.L
IAPD.L

Financial Services

41.2%
30.9%

Basic Materials

16.4%
16.1%

Industrials

9.2%
7.1%

Real Estate

8.6%
10.6%

Consumer Cyclical

6.4%
10.9%

Healthcare

3.9%
3.5%

Communication Services

3.7%
4.7%

Consumer Defensive

3.1%
5.2%

Energy

3.1%
5.1%

Utilities

2.7%
4.5%

Technology

1.9%
1.6%

Financial Services

LGAG.L
41.2%
IAPD.L
30.9%

Basic Materials

LGAG.L
16.4%
IAPD.L
16.1%

Industrials

LGAG.L
9.2%
IAPD.L
7.1%

Real Estate

LGAG.L
8.6%
IAPD.L
10.6%

Consumer Cyclical

LGAG.L
6.4%
IAPD.L
10.9%

Healthcare

LGAG.L
3.9%
IAPD.L
3.5%

Communication Services

LGAG.L
3.7%
IAPD.L
4.7%

Consumer Defensive

LGAG.L
3.1%
IAPD.L
5.2%

Energy

LGAG.L
3.1%
IAPD.L
5.1%

Utilities

LGAG.L
2.7%
IAPD.L
4.5%

Technology

LGAG.L
1.9%
IAPD.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G Asia Pacific ex Japan Equity UCITS ETF

iShares Asia Pacific Dividend UCITS

Often compared with LGAG.L:
LGAG.L vs. ^SPLRCSLGAG.L vs. CPJ1.LLGAG.L vs. VDPG.LLGAG.L vs. SPY5.LLGAG.L vs. VXC.TOLGAG.L vs. ^GSPCLGAG.L vs. SPY
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO

Return for Risk

LGAG.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LGAG.L
LGAG.L Risk / Return Rank: 4646
Overall Rank
LGAG.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
LGAG.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
LGAG.L Omega Ratio Rank: 4444
Omega Ratio Rank
LGAG.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
LGAG.L Martin Ratio Rank: 4444
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
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.

LGAG.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.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.

LGAG.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
1.55
3.89

-2.35

Sortino ratioReturn per unit of downside risk
2.30
5.56

-3.25

Omega ratioGain probability vs. loss probability

1.28

1.71

-0.43

Calmar ratioReturn relative to maximum drawdown

2.37

6.04

-3.67

Martin ratioReturn relative to average drawdown

6.97

20.30

-13.33

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

LGAG.L vs. IAPD.L - Sharpe Ratio Comparison

The current LGAG.L Sharpe Ratio is 1.55, which is lower than the IAPD.L Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of LGAG.L and IAPD.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

LGAG.LIAPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

3.89

-2.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

1.02

-0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.62

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.16

0.56

-0.39

Drawdowns

LGAG.L vs. IAPD.L - Drawdown Comparison

The maximum LGAG.L drawdown since its inception was -35.16%, smaller than the maximum IAPD.L drawdown of -52.66%. Use the drawdown chart below to compare losses from any high point for LGAG.L and IAPD.L.

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Drawdown Indicators

LGAG.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.16%

-52.66%

+17.50%

Max Drawdown (1Y)

Largest decline over 1 year

-7.24%

-6.92%

-0.32%

Max Drawdown (3Y)

Largest decline over 3 years

-24.83%

-16.88%

-7.95%

Max Drawdown (5Y)

Largest decline over 5 years

-24.83%

-16.88%

-7.95%

Max Drawdown (10Y)

Largest decline over 10 years

—

-37.53%

—

Current Drawdown

Current decline from peak

-3.09%

-2.91%

-0.18%

Average Drawdown

Average peak-to-trough decline

-10.11%

-7.37%

-2.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.47%

2.06%

+0.41%

Volatility

LGAG.L vs. IAPD.L - Volatility Comparison

L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) has a higher volatility of 3.98% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.49%. This indicates that LGAG.L's price experiences larger fluctuations and is considered to be riskier 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

LGAG.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

3.49%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

8.32%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

11.11%

10.73%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.57%

12.44%

+8.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.27%

15.46%

+6.81%

LGAG.L vs. IAPD.L - Expense Ratio Comparison

LGAG.L has a 0.10% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.

Dividends

LGAG.L vs. IAPD.L - Dividend Comparison

LGAG.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.89%.

PositionTTM20252024202320222021202020192018201720162015
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%
LGAG.L
L&G Asia Pacific ex Japan Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LGAG.L and IAPD.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LGAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LGAG.L is cheaper with a 0.10% expense ratio, compared with 0.59% for IAPD.L.

LGAG.L tracks MSCI Pacific Ex Japan NR USD, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for LGAG.L and 0.59% for IAPD.L.

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