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

UB20.L vs. SPXJ.L

Last updated Jun 25, 2026

UB20.L (UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis) and SPXJ.L (iShares MSCI Pacific ex-Japan UCITS ETF (Dist)) are both Asia Pacific Equities funds tracking the MSCI Pacific Ex Japan NR USD, from UBS and iShares respectively. Both are passively managed. Over the past 10 years, UB20.L returned 8.18%/yr vs 7.80%/yr for SPXJ.L. With a 0.99 correlation, they move nearly in lockstep. UB20.L charges 0.30%/yr vs 0.60%/yr for SPXJ.L.

Performance

UB20.L vs. SPXJ.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) and iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UB20.L achieves a 9.02% return, which is significantly higher than SPXJ.L's 8.36% return. Both investments have delivered pretty close results over the past 10 years, with UB20.L having a 8.18% annualized return and SPXJ.L not far behind at 7.80%.

UB20.L

1D
0.00%
1M
0.15%
YTD
9.02%
6M
8.55%
1Y
16.87%
3Y*
11.65%
5Y*
6.01%
10Y*
8.18%

SPXJ.L

1D
0.01%
1M
0.04%
YTD
8.36%
6M
7.90%
1Y
15.89%
3Y*
11.04%
5Y*
5.51%
10Y*
7.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		9.02%12.00%6.98%-0.10%5.26%5.29%3.52%14.10%-5.54%14.53%
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		8.36%11.70%6.26%-0.31%4.87%5.07%3.08%13.81%-5.83%14.36%

Correlation

The correlation between UB20.L and SPXJ.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.98

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

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Jun 28, 2012

0.99

The correlation between UB20.L and SPXJ.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors
UB20.L
SPXJ.L

Financial Services

45.1%
44.6%

Basic Materials

16.3%
16.4%

Industrials

8.5%
8.6%

Real Estate

7.8%
7.4%

Consumer Cyclical

6.3%
6.4%

Utilities

3.5%
3.5%

Healthcare

3.3%
3.5%

Consumer Defensive

3.0%
3.1%

Energy

2.7%
2.8%

Communication Services

2.6%
2.6%

Technology

1.0%
1.0%

Financial Services

UB20.L
45.1%
SPXJ.L
44.6%

Basic Materials

UB20.L
16.3%
SPXJ.L
16.4%

Industrials

UB20.L
8.5%
SPXJ.L
8.6%

Real Estate

UB20.L
7.8%
SPXJ.L
7.4%

Consumer Cyclical

UB20.L
6.3%
SPXJ.L
6.4%

Utilities

UB20.L
3.5%
SPXJ.L
3.5%

Healthcare

UB20.L
3.3%
SPXJ.L
3.5%

Consumer Defensive

UB20.L
3.0%
SPXJ.L
3.1%

Energy

UB20.L
2.7%
SPXJ.L
2.8%

Communication Services

UB20.L
2.6%
SPXJ.L
2.6%

Technology

UB20.L
1.0%
SPXJ.L
1.0%

Compare stocks, funds, or ETFs

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

iShares MSCI Pacific ex-Japan UCITS ETF (Dist)

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. PADV.L
Often compared with SPXJ.L:
SPXJ.L vs. SPYSPXJ.L vs. XDEQ.LSPXJ.L vs. HKOR.LSPXJ.L vs. SWDA.LSPXJ.L vs. HTWN.LSPXJ.L vs. CPJ1.LSPXJ.L vs. HMXJ.L

Return for Risk

UB20.L vs. SPXJ.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UB20.L
UB20.L Risk / Return Rank: 5050
Overall Rank
UB20.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
UB20.L Sortino Ratio Rank: 5252
Sortino Ratio Rank
UB20.L Omega Ratio Rank: 4848
Omega Ratio Rank
UB20.L Calmar Ratio Rank: 5353
Calmar Ratio Rank
UB20.L Martin Ratio Rank: 4545
Martin Ratio Rank
SPXJ.L
SPXJ.L Risk / Return Rank: 4646
Overall Rank
SPXJ.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SPXJ.L Sortino Ratio Rank: 4747
Sortino Ratio Rank
SPXJ.L Omega Ratio Rank: 4545
Omega Ratio Rank
SPXJ.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
SPXJ.L Martin Ratio Rank: 4141
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.

UB20.L vs. SPXJ.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) and iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.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.

UB20.LSPXJ.LDifference
Sharpe ratioReturn per unit of total volatility
1.50
1.41

+0.09

Sortino ratioReturn per unit of downside risk
2.22
2.07

+0.15

Omega ratioGain probability vs. loss probability

1.27

1.26

+0.02

Calmar ratioReturn relative to maximum drawdown

2.29

2.14

+0.15

Martin ratioReturn relative to average drawdown

6.64

6.01

+0.63

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

The current UB20.L Sharpe Ratio is 1.50, which is comparable to the SPXJ.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of UB20.L and SPXJ.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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Drawdowns

UB20.L vs. SPXJ.L - Drawdown Comparison

The maximum UB20.L drawdown since its inception was -32.34%, smaller than the maximum SPXJ.L drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for UB20.L and SPXJ.L.

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Drawdown Indicators

UB20.LSPXJ.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.34%

-34.08%

+1.74%

Max Drawdown (1Y)

Largest decline over 1 year

-7.32%

-7.39%

+0.07%

Max Drawdown (3Y)

Largest decline over 3 years

-17.80%

-17.62%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-17.80%

-17.83%

+0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-32.34%

-32.60%

+0.26%

Current Drawdown

Current decline from peak

-2.91%

-3.12%

+0.21%

Average Drawdown

Average peak-to-trough decline

-6.50%

-7.24%

+0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

2.64%

-0.10%

Volatility

UB20.L vs. SPXJ.L - Volatility Comparison

UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis (UB20.L) and iShares MSCI Pacific ex-Japan UCITS ETF (Dist) (SPXJ.L) have volatilities of 3.80% and 3.89%, 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.

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Volatility by Period

UB20.LSPXJ.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.80%

3.89%

-0.09%

Volatility (6M)

Calculated over the trailing 6-month period

8.91%

8.98%

-0.07%

Volatility (1Y)

Calculated over the trailing 1-year period

11.22%

11.27%

-0.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.00%

13.90%

+0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.76%

15.79%

-0.03%

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

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

Dividends

UB20.L vs. SPXJ.L - Dividend Comparison

UB20.L's dividend yield for the trailing twelve months is around 2.92%, more than SPXJ.L's 2.47% yield.

PositionTTM20252024202320222021202020192018201720162015
SPXJ.L
iShares MSCI Pacific ex-Japan UCITS ETF (Dist)		2.47%2.93%3.42%3.57%3.75%2.86%2.63%3.68%3.71%3.37%3.22%3.32%
UB20.L
UBS ETF (LU) MSCI Pacific (ex Japan) UCITS ETF (USD) A-dis		2.92%3.86%3.26%3.96%3.66%2.60%3.05%4.08%4.33%3.43%4.00%5.19%

Frequently Asked Questions

With a correlation of 0.98, UB20.L and SPXJ.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: UBS and iShares. Their fees differ too: 0.30% for UB20.L and 0.60% for SPXJ.L.

Portfolio Optimizer

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