PADV.L vs. XCHA.L

Last updated Jul 16, 2026

PADV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) and XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) are both exchange-traded funds - PADV.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while XCHA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 10 years, PADV.L returned 6.28%/yr vs 8.36%/yr for XCHA.L. A 0.51 correlation means they provide meaningful diversification when combined. PADV.L charges 0.55%/yr vs 0.50%/yr for XCHA.L.

Performance

PADV.L vs. XCHA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PADV.L is traded in GBP, while XCHA.L is traded in USD. To make them comparable, the XCHA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, PADV.L achieves a 5.46% return, which is significantly lower than XCHA.L's 9.34% return. Over the past 10 years, PADV.L has underperformed XCHA.L with an annualized return of 6.28%, while XCHA.L has yielded a comparatively higher 8.36% annualized return.

PADV.L

• 1D: -0.85%
• 1M: -0.33%
• 6M: 3.08%
• YTD: 5.46%
• 1Y: 12.75%
• 3Y*: 9.78%
• 5Y*: 5.56%
• 10Y*: 6.28%

XCHA.L

• 1D: -1.27%
• 1M: -2.46%
• 6M: 6.35%
• YTD: 9.34%
• 1Y: 32.54%
• 3Y*: 12.94%
• 5Y*: 3.04%
• 10Y*: 8.36%

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

PADV.L vs. XCHA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PADV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	5.46%	14.60%	6.60%	9.21%	-5.68%	3.94%	-3.24%	16.77%	-3.73%	18.24%
XCHA.L Xtrackers CSI 300 Swap UCITS ETF 1C	9.34%	20.84%	18.03%	-15.45%	-15.25%	4.22%	41.57%	35.22%	-19.77%	23.51%

Correlation

The correlation between PADV.L and XCHA.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 14, 2013	0.51

The correlation between PADV.L and XCHA.L shifts across timeframes, from 0.36 (1 year) to 0.52 (10 years), reflecting how their relationship changes across market environments.

PADV.L vs. XCHA.L - Sectors Allocation Comparison

Sectors	PADV.L	XCHA.L
Financial Services	32.1%	18.8%
Utilities	12.7%	2.9%
Consumer Defensive	9.7%	6.6%
Technology	8.4%	31.6%
Industrials	8.1%	16.0%
Consumer Cyclical	7.4%	6.2%
Healthcare	7.1%	4.3%
Communication Services	6.7%	1.5%
Real Estate	4.7%	0.4%
Basic Materials	3.1%	9.1%
Energy	-	2.7%

Return for Risk

PADV.L vs. XCHA.L — Risk / Return Rank

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

PADV.L

PADV.L Risk / Return Rank: 37
PADV.L Sharpe Ratio Rank: 37
PADV.L Sortino Ratio Rank: 35
PADV.L Omega Ratio Rank: 35
PADV.L Calmar Ratio Rank: 43
PADV.L Martin Ratio Rank: 34

XCHA.L

XCHA.L Risk / Return Rank: 76
XCHA.L Sharpe Ratio Rank: 68
XCHA.L Sortino Ratio Rank: 68
XCHA.L Omega Ratio Rank: 66
XCHA.L Calmar Ratio Rank: 92
XCHA.L Martin Ratio Rank: 84

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.

PADV.L vs. XCHA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.

	PADV.L	XCHA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.73	-0.61
Sortino ratio: Return per unit of downside risk	1.59	2.36	-0.78
Omega ratio: Gain probability vs. loss probability	1.20	1.31	-0.10
Calmar ratio: Return relative to maximum drawdown	1.81	4.18	-2.37
Martin ratio: Return relative to average drawdown	4.10	12.31	-8.21

PADV.L vs. XCHA.L - Sharpe Ratio Comparison

The current PADV.L Sharpe Ratio is 1.12, which is lower than the XCHA.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of PADV.L and XCHA.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

PADV.L vs. XCHA.L - Drawdown Comparison

The maximum PADV.L drawdown since its inception was -45.35%, roughly equal to the maximum XCHA.L drawdown of -47.44%. Use the drawdown chart below to compare losses from any high point for PADV.L and XCHA.L.

Drawdown Indicators

	PADV.L	XCHA.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.35%	-47.44%	+2.09%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-7.75%	+0.74%
Max Drawdown (3Y) Largest decline over 3 years	-10.60%	-24.79%	+14.19%
Max Drawdown (5Y) Largest decline over 5 years	-19.89%	-36.94%	+17.05%
Max Drawdown (10Y) Largest decline over 10 years	-24.92%	-39.50%	+14.58%
Current Drawdown Current decline from peak	-3.17%	-6.86%	+3.69%
Average Drawdown Average peak-to-trough decline	-13.08%	-18.39%	+5.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.64%	+0.46%

Volatility

PADV.L vs. XCHA.L - Volatility Comparison

The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L) is 2.53%, while Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) has a volatility of 8.78%. This indicates that PADV.L experiences smaller price fluctuations and is considered to be less risky than XCHA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PADV.L	XCHA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	8.78%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	14.31%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	18.77%	-7.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	21.72%	-8.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.05%	22.57%	-8.52%

PADV.L vs. XCHA.L - Expense Ratio Comparison

PADV.L has a 0.55% expense ratio, which is higher than XCHA.L's 0.50% expense ratio.

Dividends

PADV.L vs. XCHA.L - Dividend Comparison

PADV.L's dividend yield for the trailing twelve months is around 2.84%, while XCHA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PADV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.84%	2.96%	3.06%	2.94%	3.44%	2.90%	2.96%	2.79%	2.38%	1.76%	2.14%	3.13%
XCHA.L Xtrackers CSI 300 Swap UCITS ETF 1C	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

Can I hold both PADV.L and XCHA.L in my portfolio?

PADV.L and XCHA.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PADV.L or XCHA.L?

On fees, XCHA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PADV.L or XCHA.L?

XCHA.L is cheaper with a 0.50% expense ratio, compared with 0.55% for PADV.L.

What is the main difference between PADV.L and XCHA.L?

PADV.L is categorized as Asia Pacific Equities, while XCHA.L is China Equities. PADV.L tracks MSCI AC Asia Pacific NR USD, while XCHA.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.55% for PADV.L and 0.50% for XCHA.L.