MPXG.L vs. PAXJ.L
MPXG.L (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D)) and PAXJ.L (Lyxor MSCI Pacific Ex Japan UCITS ETF) are both Asia Pacific Equities funds from Amundi tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past year, MPXG.L returned 5.29% vs 20.81% for PAXJ.L. At a 0.35 correlation, their price movements are largely independent. MPXG.L charges 0.15%/yr vs 0.12%/yr for PAXJ.L.
Performance
MPXG.L vs. PAXJ.L - Performance Comparison
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Different Trading Currencies
MPXG.L is traded in GBp, while PAXJ.L is traded in USD. To make them comparable, the PAXJ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MPXG.L achieves a 2.88% return, which is significantly lower than PAXJ.L's 10.05% return.
MPXG.L
- 1D
- -0.35%
- 1M
- -2.75%
- YTD
- 2.88%
- 6M
- 2.63%
- 1Y
- 5.29%
- 3Y*
- 4.17%
- 5Y*
- —
- 10Y*
- —
PAXJ.L
- 1D
- -0.53%
- 1M
- 0.94%
- YTD
- 10.05%
- 6M
- 11.25%
- 1Y
- 20.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPXG.L vs. PAXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MPXG.L Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) | 2.88% | 5.53% | 0.86% |
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF | 10.05% | 12.28% | 7.08% |
Correlation
The correlation between MPXG.L and PAXJ.L is 0.55, 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 | 0.55 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.35 |
The correlation between MPXG.L and PAXJ.L shifts across timeframes, from 0.35 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MPXG.L vs. PAXJ.L — Risk / Return Rank
MPXG.L
PAXJ.L
MPXG.L vs. PAXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) (MPXG.L) and Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.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.
| MPXG.L | PAXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.45 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 5.30 | -4.56 |
| Martin ratioReturn relative to average drawdown | 1.90 | 13.64 | -11.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MPXG.L | PAXJ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 2.52 | -2.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.76 | -1.48 |
Drawdowns
MPXG.L vs. PAXJ.L - Drawdown Comparison
The maximum MPXG.L drawdown since its inception was -16.94%, roughly equal to the maximum PAXJ.L drawdown of -17.40%. Use the drawdown chart below to compare losses from any high point for MPXG.L and PAXJ.L.
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Drawdown Indicators
| MPXG.L | PAXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.94% | -17.40% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -7.11% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -15.75% | — | — |
Current DrawdownCurrent decline from peak | -5.39% | -2.04% | -3.35% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -2.59% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | — | — |
Volatility
MPXG.L vs. PAXJ.L - Volatility Comparison
The current volatility for Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) (MPXG.L) is 3.74%, while Lyxor MSCI Pacific Ex Japan UCITS ETF (PAXJ.L) has a volatility of 4.18%. This indicates that MPXG.L experiences smaller price fluctuations and is considered to be less risky than PAXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MPXG.L | PAXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 4.18% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 9.14% | 10.05% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 15.00% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 24.18% | -9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 24.18% | -9.27% |
MPXG.L vs. PAXJ.L - Expense Ratio Comparison
MPXG.L has a 0.15% expense ratio, which is higher than PAXJ.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MPXG.L vs. PAXJ.L - Dividend Comparison
MPXG.L's dividend yield for the trailing twelve months is around 3.15%, more than PAXJ.L's 3.05% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MPXG.L Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF DR GBP (D) | 3.15% | 3.24% | 3.36% | 3.87% |
PAXJ.L Lyxor MSCI Pacific Ex Japan UCITS ETF | 3.05% | 3.34% | 5.70% | 0.00% |
Frequently Asked Questions
MPXG.L and PAXJ.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAXJ.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAXJ.L is cheaper with a 0.12% expense ratio, compared with 0.15% for MPXG.L.
Both ETFs track MSCI Pacific Ex Japan NR USD. Their fees differ too: 0.15% for MPXG.L and 0.12% for PAXJ.L.
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