XAXJ.L vs. PADV.L

Last updated Jun 5, 2026

XAXJ.L (Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C) and PADV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) are both Asia Pacific Equities funds - XAXJ.L tracks the MSCI AC Asia Ex Japan NR USD while PADV.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, XAXJ.L returned 7.37%/yr vs 7.74%/yr for PADV.L. A 0.66 correlation means they provide meaningful diversification when combined. XAXJ.L charges 0.65%/yr vs 0.55%/yr for PADV.L.

Performance

XAXJ.L vs. PADV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C (XAXJ.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XAXJ.L is traded in GBp, while PADV.L is traded in GBP. To make them comparable, the PADV.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XAXJ.L achieves a 1.72% return, which is significantly lower than PADV.L's 3.65% return. Over the past 10 years, XAXJ.L has underperformed PADV.L with an annualized return of 7.37%, while PADV.L has yielded a comparatively higher 7.74% annualized return.

XAXJ.L

• 1D: -1.69%
• 1M: -0.01%
• YTD: 1.72%
• 6M: 0.31%
• 1Y: 15.73%
• 3Y*: 9.12%
• 5Y*: 0.83%
• 10Y*: 7.37%

PADV.L

• 1D: -0.57%
• 1M: 0.51%
• YTD: 3.65%
• 6M: 1.18%
• 1Y: 13.25%
• 3Y*: 10.47%
• 5Y*: 5.22%
• 10Y*: 7.74%

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

XAXJ.L vs. PADV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XAXJ.L Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C	1.72%	20.48%	10.76%	-8.18%	-10.59%	-4.15%	20.15%	12.59%	-9.32%	28.24%
PADV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	3.65%	14.61%	6.60%	9.29%	-5.74%	3.20%	-2.54%	16.77%	-3.74%	18.23%

Correlation

The correlation between XAXJ.L and PADV.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since May 23, 2013	0.66

The correlation between XAXJ.L and PADV.L shifts across timeframes, from 0.47 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.

XAXJ.L vs. PADV.L - Sectors Allocation Comparison

Sectors	XAXJ.L	PADV.L
Technology	27.5%	6.7%
Industrials	23.4%	7.3%
Financial Services	15.9%	33.0%
Healthcare	9.5%	8.7%
Consumer Cyclical	8.2%	6.7%
Communication Services	7.8%	6.2%
Real Estate	5.7%	4.6%
Basic Materials	2.2%	2.8%
Consumer Defensive	1.5%	9.2%
Energy	0.3%	-
Utilities	0.3%	14.9%

Return for Risk

XAXJ.L vs. PADV.L — Risk / Return Rank

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

XAXJ.L

XAXJ.L Risk / Return Rank: 28
XAXJ.L Sharpe Ratio Rank: 29
XAXJ.L Sortino Ratio Rank: 28
XAXJ.L Omega Ratio Rank: 28
XAXJ.L Calmar Ratio Rank: 30
XAXJ.L Martin Ratio Rank: 28

PADV.L

PADV.L Risk / Return Rank: 33
PADV.L Sharpe Ratio Rank: 33
PADV.L Sortino Ratio Rank: 31
PADV.L Omega Ratio Rank: 32
PADV.L Calmar Ratio Rank: 38
PADV.L Martin Ratio Rank: 32

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.

XAXJ.L vs. PADV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C (XAXJ.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.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.

	XAXJ.L	PADV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.17	-0.15
Sortino ratio: Return per unit of downside risk	1.50	1.63	-0.13
Omega ratio: Gain probability vs. loss probability	1.18	1.21	-0.03
Calmar ratio: Return relative to maximum drawdown	1.43	1.87	-0.45
Martin ratio: Return relative to average drawdown	3.85	4.60	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XAXJ.L vs. PADV.L - Sharpe Ratio Comparison

The current XAXJ.L Sharpe Ratio is 1.02, which is comparable to the PADV.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of XAXJ.L and PADV.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.

Sharpe Ratios by Period

	XAXJ.L	PADV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.17	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.41	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.56	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.44	+0.03

Drawdowns

XAXJ.L vs. PADV.L - Drawdown Comparison

The maximum XAXJ.L drawdown since its inception was -35.15%, which is greater than PADV.L's maximum drawdown of -27.09%. Use the drawdown chart below to compare losses from any high point for XAXJ.L and PADV.L.

Drawdown Indicators

	XAXJ.L	PADV.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.15%	-27.09%	-8.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.99%	-7.01%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-16.46%	-10.60%	-5.86%
Max Drawdown (5Y) Largest decline over 5 years	-30.60%	-20.25%	-10.35%
Max Drawdown (10Y) Largest decline over 10 years	-35.15%	-24.94%	-10.21%
Current Drawdown Current decline from peak	-4.49%	-4.84%	+0.35%
Average Drawdown Average peak-to-trough decline	-11.14%	-5.65%	-5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.87%	+1.21%

Volatility

XAXJ.L vs. PADV.L - Volatility Comparison

Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C (XAXJ.L) has a higher volatility of 5.96% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L) at 2.49%. This indicates that XAXJ.L's price experiences larger fluctuations and is considered to be riskier than PADV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XAXJ.L	PADV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	2.49%	+3.47%
Volatility (6M) Calculated over the trailing 6-month period	11.72%	8.83%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	11.24%	+4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.81%	13.03%	+4.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	14.63%	+3.60%

XAXJ.L vs. PADV.L - Expense Ratio Comparison

XAXJ.L has a 0.65% expense ratio, which is higher than PADV.L's 0.55% expense ratio.

Dividends

XAXJ.L vs. PADV.L - Dividend Comparison

XAXJ.L has not paid dividends to shareholders, while PADV.L's dividend yield for the trailing twelve months is around 2.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PADV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.89%	2.96%	3.06%	2.93%	3.44%	2.91%	2.94%	2.79%	2.38%	1.76%	2.14%	3.16%
XAXJ.L Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XAXJ.L and PADV.L in my portfolio?

XAXJ.L and PADV.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XAXJ.L or PADV.L?

On fees, PADV.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XAXJ.L or PADV.L?

PADV.L is cheaper with a 0.55% expense ratio, compared with 0.65% for XAXJ.L.

What is the main difference between XAXJ.L and PADV.L?

XAXJ.L tracks MSCI AC Asia Ex Japan NR USD, while PADV.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.65% for XAXJ.L and 0.55% for PADV.L.