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XAUS.L vs. IAPD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XAUS.L vs. IAPD.L

Last updated Jun 5, 2026

XAUS.L (Xtrackers S&P/ASX 200 UCITS ETF 1D) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - XAUS.L tracks the MSCI Australia NR USD while IAPD.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, XAUS.L returned 9.17%/yr vs 9.65%/yr for IAPD.L. A 0.56 correlation means they provide meaningful diversification when combined. XAUS.L charges 0.50%/yr vs 0.59%/yr for IAPD.L.

Performance

XAUS.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) and iShares Asia Pacific Dividend UCITS (IAPD.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, XAUS.L achieves a 8.13% return, which is significantly lower than IAPD.L's 13.20% return. Over the past 10 years, XAUS.L has underperformed IAPD.L with an annualized return of 9.17%, while IAPD.L has yielded a comparatively higher 9.65% annualized return.

XAUS.L

1D
-0.60%
1M
0.41%
YTD
8.13%
6M
9.60%
1Y
16.15%
3Y*
9.59%
5Y*
6.41%
10Y*
9.17%

IAPD.L

1D
0.04%
1M
0.77%
YTD
13.20%
6M
13.76%
1Y
41.98%
3Y*
20.42%
5Y*
12.72%
10Y*
9.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XAUS.L vs. IAPD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XAUS.L
Xtrackers S&P/ASX 200 UCITS ETF 1D		8.13%9.45%3.36%5.67%3.27%9.35%9.38%18.34%-8.52%9.19%
IAPD.L
iShares Asia Pacific Dividend UCITS		13.20%22.91%9.51%8.99%11.40%6.82%-11.63%11.98%-8.55%8.25%

Correlation

The correlation between XAUS.L and IAPD.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.66

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

0.71

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

0.66

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

0.65

Correlation (All Time)
Calculated using the full available price history since Feb 18, 2008

0.56

The correlation between XAUS.L and IAPD.L shifts across timeframes, from 0.56 (all time) to 0.71 (3 years), reflecting how their relationship changes across market environments.

XAUS.L vs. IAPD.L - Sectors Allocation Comparison

Sectors
XAUS.L
IAPD.L

Financial Services

34.8%
30.9%

Basic Materials

24.7%
16.1%

Consumer Cyclical

6.7%
10.9%

Industrials

6.3%
7.1%

Real Estate

5.8%
10.6%

Healthcare

5.5%
3.5%

Energy

5.0%
5.1%

Communication Services

3.7%
4.7%

Consumer Defensive

3.6%
5.2%

Technology

2.5%
1.6%

Utilities

1.5%
4.5%

Financial Services

XAUS.L
34.8%
IAPD.L
30.9%

Basic Materials

XAUS.L
24.7%
IAPD.L
16.1%

Consumer Cyclical

XAUS.L
6.7%
IAPD.L
10.9%

Industrials

XAUS.L
6.3%
IAPD.L
7.1%

Real Estate

XAUS.L
5.8%
IAPD.L
10.6%

Healthcare

XAUS.L
5.5%
IAPD.L
3.5%

Energy

XAUS.L
5.0%
IAPD.L
5.1%

Communication Services

XAUS.L
3.7%
IAPD.L
4.7%

Consumer Defensive

XAUS.L
3.6%
IAPD.L
5.2%

Technology

XAUS.L
2.5%
IAPD.L
1.6%

Utilities

XAUS.L
1.5%
IAPD.L
4.5%

Compare stocks, funds, or ETFs

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

Xtrackers S&P/ASX 200 UCITS ETF 1D

iShares Asia Pacific Dividend UCITS

Often compared with XAUS.L:
XAUS.L vs. DX2S.DEXAUS.L vs. ^GSPCXAUS.L vs. GLDXAUS.L vs. VUSA.LXAUS.L vs. VOOXAUS.L vs. CNX1.LXAUS.L vs. XDEQ.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. IJRIAPD.L vs. VAPX.LIAPD.L vs. VOO

Return for Risk

XAUS.L vs. IAPD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XAUS.L
XAUS.L Risk / Return Rank: 3535
Overall Rank
XAUS.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XAUS.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
XAUS.L Omega Ratio Rank: 3535
Omega Ratio Rank
XAUS.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
XAUS.L Martin Ratio Rank: 3535
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9393
Overall Rank
IAPD.L Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9595
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 9090
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.

XAUS.L vs. IAPD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) and iShares Asia Pacific Dividend UCITS (IAPD.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.

XAUS.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
1.27
3.89

-2.62

Sortino ratioReturn per unit of downside risk
1.86
5.56

-3.69

Omega ratioGain probability vs. loss probability

1.23

1.71

-0.48

Calmar ratioReturn relative to maximum drawdown

1.72

6.04

-4.31

Martin ratioReturn relative to average drawdown

5.19

20.30

-15.10

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

XAUS.L vs. IAPD.L - Sharpe Ratio Comparison

The current XAUS.L Sharpe Ratio is 1.27, which is lower than the IAPD.L Sharpe Ratio of 3.89. The chart below compares the historical Sharpe Ratios of XAUS.L and IAPD.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

XAUS.LIAPD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

3.89

-2.62

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

1.02

-0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.62

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.56

-0.18

Drawdowns

XAUS.L vs. IAPD.L - Drawdown Comparison

The maximum XAUS.L drawdown since its inception was -51.15%, roughly equal to the maximum IAPD.L drawdown of -52.66%. Use the drawdown chart below to compare losses from any high point for XAUS.L and IAPD.L.

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Drawdown Indicators

XAUS.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-51.15%

-52.66%

+1.51%

Max Drawdown (1Y)

Largest decline over 1 year

-9.57%

-6.92%

-2.65%

Max Drawdown (3Y)

Largest decline over 3 years

-21.54%

-16.88%

-4.66%

Max Drawdown (5Y)

Largest decline over 5 years

-21.54%

-16.88%

-4.66%

Max Drawdown (10Y)

Largest decline over 10 years

-38.31%

-37.53%

-0.78%

Current Drawdown

Current decline from peak

-4.18%

-2.91%

-1.27%

Average Drawdown

Average peak-to-trough decline

-8.06%

-7.37%

-0.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.14%

2.06%

+1.08%

Volatility

XAUS.L vs. IAPD.L - Volatility Comparison

Xtrackers S&P/ASX 200 UCITS ETF 1D (XAUS.L) has a higher volatility of 4.33% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.49%. This indicates that XAUS.L's price experiences larger fluctuations and is considered to be riskier than IAPD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XAUS.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.33%

3.49%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

10.24%

8.32%

+1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

13.00%

10.73%

+2.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.76%

12.44%

+4.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.45%

15.46%

+4.99%

XAUS.L vs. IAPD.L - Expense Ratio Comparison

XAUS.L has a 0.50% expense ratio, which is lower than IAPD.L's 0.59% expense ratio.

Dividends

XAUS.L vs. IAPD.L - Dividend Comparison

XAUS.L's dividend yield for the trailing twelve months is around 2.54%, less than IAPD.L's 4.89% yield.

PositionTTM20252024202320222021202020192018201720162015
IAPD.L
iShares Asia Pacific Dividend UCITS		4.89%5.67%6.72%7.29%8.34%7.53%4.77%7.26%7.70%6.15%5.60%8.10%
XAUS.L
Xtrackers S&P/ASX 200 UCITS ETF 1D		2.54%2.67%3.22%3.83%5.17%2.15%4.85%3.73%3.53%3.49%3.73%0.00%

Frequently Asked Questions

XAUS.L and IAPD.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XAUS.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XAUS.L is cheaper with a 0.50% expense ratio, compared with 0.59% for IAPD.L.

XAUS.L tracks MSCI Australia NR USD, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: DWS and iShares. Their fees differ too: 0.50% for XAUS.L and 0.59% for IAPD.L.

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