LGAP.L vs. IAPD.L
LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - LGAP.L tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, LGAP.L returned 5.36%/yr vs 10.51%/yr for IAPD.L. A 0.79 correlation means they provide meaningful diversification when combined. LGAP.L charges 0.10%/yr vs 0.59%/yr for IAPD.L.
Performance
LGAP.L vs. IAPD.L - Performance Comparison
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Different Trading Currencies
LGAP.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, LGAP.L achieves a 8.67% return, which is significantly lower than IAPD.L's 13.97% return.
LGAP.L
- 1D
- -0.95%
- 1M
- -0.95%
- 6M
- 6.00%
- YTD
- 8.67%
- 1Y
- 13.33%
- 3Y*
- 11.89%
- 5Y*
- 5.36%
- 10Y*
- —
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%
LGAP.L vs. IAPD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) | 8.67% | 20.97% | 4.67% | 4.82% | -5.65% | 2.87% | 8.44% | 17.78% | -1.30% |
IAPD.L iShares Asia Pacific Dividend UCITS | 13.97% | 30.05% | 6.09% | 12.89% | -2.04% | 3.80% | -9.90% | 14.66% | -4.93% |
Correlation
The correlation between LGAP.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 (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.79 |
The correlation between LGAP.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
LGAP.L vs. IAPD.L — Risk / Return Rank
LGAP.L
IAPD.L
LGAP.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 USD (Acc) (LGAP.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.
| LGAP.L | IAPD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.42 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.81 | -2.25 |
| Martin ratioReturn relative to average drawdown | 4.14 | 10.20 | -6.06 |
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Drawdowns
LGAP.L vs. IAPD.L - Drawdown Comparison
The maximum LGAP.L drawdown since its inception was -38.56%, smaller than the maximum IAPD.L drawdown of -70.10%. Use the drawdown chart below to compare losses from any high point for LGAP.L and IAPD.L.
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Drawdown Indicators
| LGAP.L | IAPD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.56% | -70.10% | +31.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.50% | -7.96% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -18.35% | -0.66% |
Max Drawdown (5Y)Largest decline over 5 years | -24.31% | -25.23% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.48% | — |
Current DrawdownCurrent decline from peak | -3.07% | -2.43% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -13.01% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.98% | +0.23% |
Volatility
LGAP.L vs. IAPD.L - Volatility Comparison
L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) and iShares Asia Pacific Dividend UCITS (IAPD.L) have volatilities of 3.28% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGAP.L | IAPD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.39% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 10.35% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 12.74% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 14.99% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 16.74% | +2.52% |
LGAP.L vs. IAPD.L - Expense Ratio Comparison
LGAP.L has a 0.10% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.
Dividends
LGAP.L vs. IAPD.L - Dividend Comparison
LGAP.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.18%.
| 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% |
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) | 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
LGAP.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, LGAP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGAP.L is cheaper with a 0.10% expense ratio, compared with 0.59% for IAPD.L.
LGAP.L tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for LGAP.L and 0.59% for IAPD.L.
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