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PAXG.L vs. LAUU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAXG.L vs. LAUU.L

Last updated Jun 5, 2026

PAXG.L (Lyxor MSCI Pacific Ex Japan UCITS) and LAUU.L (Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist) are both Asia Pacific Equities funds from Amundi - PAXG.L tracks the MSCI Pacific Ex Japan NR USD while LAUU.L tracks the MSCI Australia NR USD. Both are passively managed. Over the past 5 years, PAXG.L returned 1.86%/yr vs 6.22%/yr for LAUU.L. At a 0.43 correlation, their price movements are largely independent. PAXG.L charges 0.12%/yr vs 0.40%/yr for LAUU.L.

Performance

PAXG.L vs. LAUU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Pacific Ex Japan UCITS (PAXG.L) and Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with PAXG.L having a 8.84% return and LAUU.L slightly lower at 8.52%.

PAXG.L

1D
-0.86%
1M
0.45%
YTD
8.84%
6M
5.98%
1Y
13.70%
3Y*
6.05%
5Y*
1.86%
10Y*
—

LAUU.L

1D
-0.65%
1M
0.42%
YTD
8.52%
6M
8.98%
1Y
15.62%
3Y*
9.50%
5Y*
6.22%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAXG.L vs. LAUU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAXG.L
Lyxor MSCI Pacific Ex Japan UCITS		8.84%8.63%1.48%-3.00%-0.45%0.41%0.63%7.84%-3.17%
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		8.52%9.00%3.16%6.34%2.97%9.40%8.08%16.74%-2.39%

Correlation

The correlation between PAXG.L and LAUU.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.85

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

0.73

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

0.54

Correlation (All Time)
Calculated using the full available price history since Mar 20, 2018

0.43

Over the past year, PAXG.L and LAUU.L have become more correlated (0.85) than their long-term average of 0.43, meaning their price movements have been converging.

PAXG.L vs. LAUU.L - Sectors Allocation Comparison

Sectors
PAXG.L
LAUU.L

Financial Services

46.1%
34.8%

Basic Materials

14.6%
24.7%

Industrials

8.5%
6.3%

Real Estate

7.8%
5.8%

Consumer Cyclical

6.0%
6.7%

Healthcare

3.7%
5.5%

Utilities

3.6%
1.5%

Consumer Defensive

3.0%
3.6%

Energy

2.9%
5.0%

Communication Services

2.7%
3.7%

Technology

1.1%
2.5%

Financial Services

PAXG.L
46.1%
LAUU.L
34.8%

Basic Materials

PAXG.L
14.6%
LAUU.L
24.7%

Industrials

PAXG.L
8.5%
LAUU.L
6.3%

Real Estate

PAXG.L
7.8%
LAUU.L
5.8%

Consumer Cyclical

PAXG.L
6.0%
LAUU.L
6.7%

Healthcare

PAXG.L
3.7%
LAUU.L
5.5%

Utilities

PAXG.L
3.6%
LAUU.L
1.5%

Consumer Defensive

PAXG.L
3.0%
LAUU.L
3.6%

Energy

PAXG.L
2.9%
LAUU.L
5.0%

Communication Services

PAXG.L
2.7%
LAUU.L
3.7%

Technology

PAXG.L
1.1%
LAUU.L
2.5%

Compare stocks, funds, or ETFs

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Lyxor MSCI Pacific Ex Japan UCITS

Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist

Often compared with PAXG.L:
PAXG.L vs. XDJP.LPAXG.L vs. CSJP.LPAXG.L vs. LCCN.LPAXG.L vs. AIL.DEPAXG.L vs. ESIF.LPAXG.L vs. FRQX.LPAXG.L vs. FRXT.L
Often compared with LAUU.L:
LAUU.L vs. SPYLAUU.L vs. ^NDXLAUU.L vs. TSLYLAUU.L vs. VUSA.LLAUU.L vs. YMAXLAUU.L vs. IVVLAUU.L vs. JEPI

Return for Risk

PAXG.L vs. LAUU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAXG.L
PAXG.L Risk / Return Rank: 3434
Overall Rank
PAXG.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
PAXG.L Sortino Ratio Rank: 3535
Sortino Ratio Rank
PAXG.L Omega Ratio Rank: 3434
Omega Ratio Rank
PAXG.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
PAXG.L Martin Ratio Rank: 3232
Martin Ratio Rank
LAUU.L
LAUU.L Risk / Return Rank: 2828
Overall Rank
LAUU.L Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
LAUU.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
LAUU.L Omega Ratio Rank: 2626
Omega Ratio Rank
LAUU.L Calmar Ratio Rank: 2929
Calmar Ratio Rank
LAUU.L Martin Ratio Rank: 2929
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.

PAXG.L vs. LAUU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Pacific Ex Japan UCITS (PAXG.L) and Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.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.

PAXG.LLAUU.LDifference
Sharpe ratioReturn per unit of total volatility
1.22
1.13

+0.09

Sortino ratioReturn per unit of downside risk
1.78
1.67

+0.10

Omega ratioGain probability vs. loss probability

1.23

1.21

+0.02

Calmar ratioReturn relative to maximum drawdown

1.83

1.68

+0.15

Martin ratioReturn relative to average drawdown

4.61

4.91

-0.30

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

PAXG.L vs. LAUU.L - Sharpe Ratio Comparison

The current PAXG.L Sharpe Ratio is 1.22, which is comparable to the LAUU.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of PAXG.L and LAUU.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

PAXG.LLAUU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.22

1.13

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.17

0.36

-0.19

Sharpe Ratio (All Time)

Calculated using the full available price history

0.35

0.36

-0.01

Drawdowns

PAXG.L vs. LAUU.L - Drawdown Comparison

The maximum PAXG.L drawdown since its inception was -31.27%, smaller than the maximum LAUU.L drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for PAXG.L and LAUU.L.

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Drawdown Indicators

PAXG.LLAUU.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.27%

-39.10%

+7.83%

Max Drawdown (1Y)

Largest decline over 1 year

-7.45%

-9.27%

+1.82%

Max Drawdown (3Y)

Largest decline over 3 years

-21.29%

-21.43%

+0.14%

Max Drawdown (5Y)

Largest decline over 5 years

-21.29%

-21.43%

+0.14%

Current Drawdown

Current decline from peak

-3.15%

-3.83%

+0.68%

Average Drawdown

Average peak-to-trough decline

-6.86%

-6.07%

-0.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

3.17%

-0.20%

Volatility

PAXG.L vs. LAUU.L - Volatility Comparison

The current volatility for Lyxor MSCI Pacific Ex Japan UCITS (PAXG.L) is 3.60%, while Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist (LAUU.L) has a volatility of 5.13%. This indicates that PAXG.L experiences smaller price fluctuations and is considered to be less risky than LAUU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PAXG.LLAUU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.60%

5.13%

-1.53%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

11.30%

-2.39%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

13.80%

-2.56%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.63%

17.13%

+0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.15%

20.47%

+2.68%

PAXG.L vs. LAUU.L - Expense Ratio Comparison

PAXG.L has a 0.12% expense ratio, which is lower than LAUU.L's 0.40% expense ratio.

Dividends

PAXG.L vs. LAUU.L - Dividend Comparison

PAXG.L's dividend yield for the trailing twelve months is around 0.03%, less than LAUU.L's 2.40% yield.

PositionTTM2025202420232022202120202019201820172016
LAUU.L
Lyxor Australia (S&P/ASX 200) UCITS ETF - Dist		2.40%2.60%3.90%3.13%4.48%2.86%1.94%3.50%3.96%0.00%0.00%
PAXG.L
Lyxor MSCI Pacific Ex Japan UCITS		0.03%0.03%0.06%0.04%0.04%0.04%0.03%0.04%0.04%0.03%0.02%

Frequently Asked Questions

PAXG.L and LAUU.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, PAXG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

PAXG.L is cheaper with a 0.12% expense ratio, compared with 0.40% for LAUU.L.

PAXG.L tracks MSCI Pacific Ex Japan NR USD, while LAUU.L tracks MSCI Australia NR USD. Their fees differ too: 0.12% for PAXG.L and 0.40% for LAUU.L.

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