UC48.L vs. CPJ1.L
Compare and contrast key facts about UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L).
UC48.L and CPJ1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UC48.L is a passively managed fund by UBS that tracks the performance of the MSCI AC Asia Ex Japan NR USD. It was launched on Aug 20, 2012. CPJ1.L is a passively managed fund by iShares that tracks the performance of the MSCI Pacific Ex Japan NR USD. It was launched on Jan 12, 2010. Both UC48.L and CPJ1.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
UC48.L vs. CPJ1.L - Performance Comparison
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UC48.L vs. CPJ1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UC48.L UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc | 5.35% | 23.58% | 13.94% | -1.31% | -10.09% | -4.06% | 20.65% | 13.67% | -10.64% | 8.82% |
CPJ1.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 7.50% | 12.05% | 6.89% | 0.15% | 4.86% | 5.71% | 3.46% | 14.30% | -5.53% | 5.72% |
Returns By Period
In the year-to-date period, UC48.L achieves a 5.35% return, which is significantly lower than CPJ1.L's 7.50% return.
UC48.L
- 1D
- 3.32%
- 1M
- -6.09%
- YTD
- 5.35%
- 6M
- 8.38%
- 1Y
- 29.83%
- 3Y*
- 13.12%
- 5Y*
- 4.22%
- 10Y*
- —
CPJ1.L
- 1D
- 0.36%
- 1M
- -0.82%
- YTD
- 7.50%
- 6M
- 6.87%
- 1Y
- 22.08%
- 3Y*
- 8.64%
- 5Y*
- 6.58%
- 10Y*
- 8.67%
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UC48.L vs. CPJ1.L - Expense Ratio Comparison
UC48.L has a 0.23% expense ratio, which is higher than CPJ1.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
UC48.L vs. CPJ1.L — Risk / Return Rank
UC48.L
CPJ1.L
UC48.L vs. CPJ1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.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.
| UC48.L | CPJ1.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | 1.56 | +0.15 |
Sortino ratioReturn per unit of downside risk | 2.25 | 2.01 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.33 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.52 | -0.79 |
Martin ratioReturn relative to average drawdown | 9.32 | 11.81 | -2.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UC48.L | CPJ1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 1.56 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.48 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.45 | -0.11 |
Correlation
The correlation between UC48.L and CPJ1.L is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UC48.L vs. CPJ1.L - Dividend Comparison
Neither UC48.L nor CPJ1.L has paid dividends to shareholders.
Drawdowns
UC48.L vs. CPJ1.L - Drawdown Comparison
The maximum UC48.L drawdown since its inception was -32.18%, roughly equal to the maximum CPJ1.L drawdown of -32.49%. Use the drawdown chart below to compare losses from any high point for UC48.L and CPJ1.L.
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Drawdown Indicators
| UC48.L | CPJ1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.18% | -32.49% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.69% | -8.69% | -3.00% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -17.61% | -9.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.49% | — |
Current DrawdownCurrent decline from peak | -8.18% | -4.16% | -4.02% |
Average DrawdownAverage peak-to-trough decline | -11.59% | -6.96% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.15% | +1.10% |
Volatility
UC48.L vs. CPJ1.L - Volatility Comparison
UBS ETF (IE) MSCI AC Asia Ex Japan SF UCITS ETF (USD) A-acc (UC48.L) has a higher volatility of 6.99% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) at 4.51%. This indicates that UC48.L's price experiences larger fluctuations and is considered to be riskier than CPJ1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UC48.L | CPJ1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.99% | 4.51% | +2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 8.41% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 14.10% | +3.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 13.72% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.91% | 15.95% | +1.96% |