SPXJ.L vs. SWDA.L

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L).

SPXJ.L and SWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXJ.L is a passively managed fund by iShares that tracks the performance of the MSCI Pacific Ex Japan NR USD. It was launched on Apr 17, 2009. SWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both SPXJ.L and SWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPXJ.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

SPXJ.L vs. SWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	7.42%	11.54%	7.16%	-1.01%	4.28%	5.67%	1.82%	15.19%	-5.97%	13.88%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	-1.13%	12.64%	21.11%	17.59%	-8.33%	23.64%	12.25%	23.03%	-3.78%	11.78%

Returns By Period

In the year-to-date period, SPXJ.L achieves a 7.42% return, which is significantly higher than SWDA.L's -1.13% return. Over the past 10 years, SPXJ.L has underperformed SWDA.L with an annualized return of 8.25%, while SWDA.L has yielded a comparatively higher 12.93% annualized return.

SPXJ.L

• 1D: 0.29%
• 1M: -0.86%
• YTD: 7.42%
• 6M: 6.68%
• 1Y: 21.64%
• 3Y*: 8.16%
• 5Y*: 6.16%
• 10Y*: 8.25%

SWDA.L

• 1D: 0.18%
• 1M: -1.75%
• YTD: -1.13%
• 6M: 1.88%
• 1Y: 17.03%
• 3Y*: 14.73%
• 5Y*: 11.41%
• 10Y*: 12.93%

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

SPXJ.L vs. SWDA.L - Expense Ratio Comparison

SPXJ.L has a 0.60% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

SPXJ.L

iShares MSCI Pacific ex-Japan UCITS ETF (Dist)

SWDA.L

iShares Core MSCI World UCITS ETF USD (Acc)

Return for Risk

SPXJ.L vs. SWDA.L — Risk / Return Rank

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

SPXJ.L

SPXJ.L Risk / Return Rank: 70
SPXJ.L Sharpe Ratio Rank: 78
SPXJ.L Sortino Ratio Rank: 74
SPXJ.L Omega Ratio Rank: 79
SPXJ.L Calmar Ratio Rank: 56
SPXJ.L Martin Ratio Rank: 61

SWDA.L

SWDA.L Risk / Return Rank: 74
SWDA.L Sharpe Ratio Rank: 64
SWDA.L Sortino Ratio Rank: 62
SWDA.L Omega Ratio Rank: 63
SWDA.L Calmar Ratio Rank: 90
SWDA.L Martin Ratio Rank: 91

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.

SPXJ.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.

	SPXJ.L	SWDA.L	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.20	+0.32
Sortino ratio Return per unit of downside risk	1.97	1.68	+0.29
Omega ratio Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio Return relative to maximum drawdown	1.76	3.40	-1.63
Martin ratio Return relative to average drawdown	7.55	13.33	-5.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPXJ.L vs. SWDA.L - Sharpe Ratio Comparison

The current SPXJ.L Sharpe Ratio is 1.52, which is comparable to the SWDA.L Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of SPXJ.L and SWDA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPXJ.L	SWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.20	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.85	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.89	-0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.84	-0.28

Correlation

The correlation between SPXJ.L and SWDA.L is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPXJ.L vs. SWDA.L - Dividend Comparison

SPXJ.L's dividend yield for the trailing twelve months is around 2.72%, while SWDA.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPXJ.L iShares MSCI Pacific ex-Japan UCITS ETF (Dist)	2.72%	2.93%	3.42%	3.60%	3.75%	2.84%	2.63%	3.63%	3.71%	3.36%	3.20%	3.30%
SWDA.L iShares Core MSCI World 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%

Drawdowns

SPXJ.L vs. SWDA.L - Drawdown Comparison

The maximum SPXJ.L drawdown since its inception was -32.61%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for SPXJ.L and SWDA.L.

Drawdown Indicators

	SPXJ.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.61%	-25.58%	-7.03%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-6.55%	-2.70%
Max Drawdown (5Y) Largest decline over 5 years	-17.62%	-18.50%	+0.88%
Max Drawdown (10Y) Largest decline over 10 years	-32.61%	-25.58%	-7.03%
Current Drawdown Current decline from peak	-4.30%	-3.42%	-0.88%
Average Drawdown Average peak-to-trough decline	-6.61%	-3.52%	-3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.67%	+1.12%

Volatility

SPXJ.L vs. SWDA.L - Volatility Comparison

iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) has a higher volatility of 4.48% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 4.16%. This indicates that SPXJ.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPXJ.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	4.16%	+0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	8.09%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	14.14%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	13.37%	+1.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	14.51%	+2.95%