PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SPXJ.L vs. UB20.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXJ.L vs. UB20.L

Last updated Jun 5, 2026

SPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) and UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from iShares and UBS respectively. Both are passively managed. Over the past 10 years, SPXJ.L returned 8.40%/yr vs 8.09%/yr for UB20.L. A 0.54 correlation means they provide meaningful diversification when combined. SPXJ.L charges 0.60%/yr vs 0.30%/yr for UB20.L.

Performance

SPXJ.L vs. UB20.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 UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with SPXJ.L having a 8.56% return and UB20.L slightly higher at 8.88%. Both investments have delivered pretty close results over the past 10 years, with SPXJ.L having a 8.40% annualized return and UB20.L not far behind at 8.09%.

SPXJ.L

1D
-0.92%
1M
0.58%
YTD
8.56%
6M
9.23%
1Y
16.64%
3Y*
10.06%
5Y*
5.56%
10Y*
8.40%

UB20.L

1D
-0.89%
1M
0.41%
YTD
8.88%
6M
9.55%
1Y
17.52%
3Y*
10.59%
5Y*
6.00%
10Y*
8.09%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPXJ.L vs. UB20.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		8.56%11.54%7.16%-1.01%4.28%5.67%1.82%15.19%-5.97%13.88%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		8.88%12.00%6.98%-0.60%5.80%5.29%2.35%16.21%-6.21%14.50%

Correlation

The correlation between SPXJ.L and UB20.L is 0.94, 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

0.94

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

0.87

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

0.75

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Jul 5, 2012

0.54

Over the past year, SPXJ.L and UB20.L have become more correlated (0.94) than their long-term average of 0.54, meaning their price movements have been converging.

SPXJ.L vs. UB20.L - Sectors Allocation Comparison

Sectors
SPXJ.L
UB20.L

Financial Services

46.1%
46.1%

Basic Materials

14.6%
14.6%

Industrials

8.5%
8.5%

Real Estate

7.8%
7.8%

Consumer Cyclical

6.0%
6.0%

Healthcare

3.7%
3.7%

Utilities

3.6%
3.6%

Consumer Defensive

3.0%
3.0%

Energy

2.9%
2.9%

Communication Services

2.7%
2.7%

Technology

1.1%
1.1%

Financial Services

SPXJ.L
46.1%
UB20.L
46.1%

Basic Materials

SPXJ.L
14.6%
UB20.L
14.6%

Industrials

SPXJ.L
8.5%
UB20.L
8.5%

Real Estate

SPXJ.L
7.8%
UB20.L
7.8%

Consumer Cyclical

SPXJ.L
6.0%
UB20.L
6.0%

Healthcare

SPXJ.L
3.7%
UB20.L
3.7%

Utilities

SPXJ.L
3.6%
UB20.L
3.6%

Consumer Defensive

SPXJ.L
3.0%
UB20.L
3.0%

Energy

SPXJ.L
2.9%
UB20.L
2.9%

Communication Services

SPXJ.L
2.7%
UB20.L
2.7%

Technology

SPXJ.L
1.1%
UB20.L
1.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Pacific ex-Japan UCITS ETF (Dist)

UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis

Often compared with SPXJ.L:
SPXJ.L vs. SPYSPXJ.L vs. XDEQ.LSPXJ.L vs. SWDA.LSPXJ.L vs. HKOR.LSPXJ.L vs. HTWN.LSPXJ.L vs. CPJ1.LSPXJ.L vs. HMXJ.L
Often compared with UB20.L:
UB20.L vs. EQQQ.LUB20.L vs. XKS2.LUB20.L vs. UC44.LUB20.L vs. FRIN.LUB20.L vs. ASDV.LUB20.L vs. HMEF.LUB20.L vs. IAPD.L

Return for Risk

SPXJ.L vs. UB20.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: 4545
Overall Rank
SPXJ.L Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
SPXJ.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
SPXJ.L Omega Ratio Rank: 4343
Omega Ratio Rank
SPXJ.L Calmar Ratio Rank: 4747
Calmar Ratio Rank
SPXJ.L Martin Ratio Rank: 4343
Martin Ratio Rank
UB20.L
UB20.L Risk / Return Rank: 4848
Overall Rank
UB20.L Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
UB20.L Sortino Ratio Rank: 5151
Sortino Ratio Rank
UB20.L Omega Ratio Rank: 4646
Omega Ratio Rank
UB20.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
UB20.L Martin Ratio Rank: 4747
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.

SPXJ.L vs. UB20.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 UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.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.LUB20.LDifference
Sharpe ratioReturn per unit of total volatility
1.52
1.62

-0.10

Sortino ratioReturn per unit of downside risk
2.23
2.42

-0.18

Omega ratioGain probability vs. loss probability

1.27

1.29

-0.02

Calmar ratioReturn relative to maximum drawdown

2.30

2.46

-0.15

Martin ratioReturn relative to average drawdown

6.86

7.51

-0.64

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. UB20.L - Sharpe Ratio Comparison

The current SPXJ.L Sharpe Ratio is 1.52, which is comparable to the UB20.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of SPXJ.L and UB20.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.

Loading charts...

Sharpe Ratios by Period

SPXJ.LUB20.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.52

1.62

-0.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.47

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.58

0.66

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

0.68

-0.12

Drawdowns

SPXJ.L vs. UB20.L - Drawdown Comparison

The maximum SPXJ.L drawdown since its inception was -32.61%, which is greater than UB20.L's maximum drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for SPXJ.L and UB20.L.

Loading charts...

Drawdown Indicators

SPXJ.LUB20.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.61%

-30.04%

-2.57%

Max Drawdown (1Y)

Largest decline over 1 year

-7.39%

-7.32%

-0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-17.62%

-17.80%

+0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-17.62%

-17.80%

+0.18%

Max Drawdown (10Y)

Largest decline over 10 years

-32.61%

-30.04%

-2.57%

Current Drawdown

Current decline from peak

-3.28%

-3.03%

-0.25%

Average Drawdown

Average peak-to-trough decline

-6.57%

-5.59%

-0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.45%

2.37%

+0.08%

Volatility

SPXJ.L vs. UB20.L - Volatility Comparison

iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) and UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) have volatilities of 3.81% and 3.70%, 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.

Loading charts...

Volatility by Period

SPXJ.LUB20.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.81%

3.70%

+0.11%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

8.48%

+0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

11.19%

11.12%

+0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.93%

15.34%

-0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.40%

18.15%

-0.75%

SPXJ.L vs. UB20.L - Expense Ratio Comparison

SPXJ.L has a 0.60% expense ratio, which is higher than UB20.L's 0.30% expense ratio.

Dividends

SPXJ.L vs. UB20.L - Dividend Comparison

SPXJ.L's dividend yield for the trailing twelve months is around 2.80%, less than UB20.L's 2.93% yield.

PositionTTM20252024202320222021202020192018201720162015
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		2.80%2.93%3.42%3.60%3.75%2.84%2.63%3.63%3.71%3.36%3.20%3.30%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		2.93%3.86%3.26%3.97%3.64%2.60%3.05%4.03%4.36%3.43%4.00%5.16%

Frequently Asked Questions

With a correlation of 0.94, SPXJ.L and UB20.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, UB20.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

UB20.L is cheaper with a 0.30% expense ratio, compared with 0.60% for SPXJ.L.

Both ETFs track MSCI Pacific Ex Japan NR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.60% for SPXJ.L and 0.30% for UB20.L.

Portfolio Optimizer

Find the right allocation for SPXJ.L and UB20.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer