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

XCHA.L vs. IAPD.L

Last updated Jul 16, 2026
Documentation

XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) and IAPD.L (iShares Asia Pacific Dividend UCITS) are both exchange-traded funds - XCHA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while IAPD.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, XCHA.L returned 8.65%/yr vs 6.81%/yr for IAPD.L. At a 0.42 correlation, their price movements are largely independent. XCHA.L charges 0.50%/yr vs 0.59%/yr for IAPD.L.

Performance

XCHA.L vs. IAPD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) and iShares Asia Pacific Dividend UCITS (IAPD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XCHA.L is traded in USD, while IAPD.L is traded in GBp. To make them comparable, the IAPD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCHA.L achieves a 9.79% return, which is significantly lower than IAPD.L's 15.29% return. Over the past 10 years, XCHA.L has outperformed IAPD.L with an annualized return of 8.65%, while IAPD.L has yielded a comparatively lower 6.81% annualized return.

XCHA.L

1D
-0.23%
1M
-1.60%
6M
7.00%
YTD
9.79%
1Y
33.96%
3Y*
14.18%
5Y*
2.69%
10Y*
8.65%

IAPD.L

1D
1.14%
1M
2.42%
6M
10.89%
YTD
15.29%
1Y
32.78%
3Y*
20.44%
5Y*
10.76%
10Y*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XCHA.L
Xtrackers CSI 300 Swap UCITS ETF 1C		9.79%30.11%16.00%-11.00%-24.25%3.24%45.85%40.57%-24.26%35.21%
IAPD.L
iShares Asia Pacific Dividend UCITS		15.29%30.05%6.09%12.89%-2.04%3.80%-9.90%14.66%-15.20%16.87%

Correlation

The correlation between XCHA.L and IAPD.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.39

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

0.44

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

0.46

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

0.46

Correlation (All Time)
Calculated using the full available price history since Jun 27, 2012

0.42

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

Sectors
XCHA.L
IAPD.L

Technology

31.6%
1.8%

Financial Services

18.8%
30.8%

Industrials

16.0%
6.7%

Basic Materials

9.1%
18.2%

Consumer Defensive

6.6%
4.6%

Consumer Cyclical

6.2%
11.1%

Healthcare

4.3%
3.4%

Utilities

2.9%
4.1%

Energy

2.7%
4.8%

Communication Services

1.5%
4.4%

Real Estate

0.4%
10.0%

Technology

XCHA.L
31.6%
IAPD.L
1.8%

Financial Services

XCHA.L
18.8%
IAPD.L
30.8%

Industrials

XCHA.L
16.0%
IAPD.L
6.7%

Basic Materials

XCHA.L
9.1%
IAPD.L
18.2%

Consumer Defensive

XCHA.L
6.6%
IAPD.L
4.6%

Consumer Cyclical

XCHA.L
6.2%
IAPD.L
11.1%

Healthcare

XCHA.L
4.3%
IAPD.L
3.4%

Utilities

XCHA.L
2.9%
IAPD.L
4.1%

Energy

XCHA.L
2.7%
IAPD.L
4.8%

Communication Services

XCHA.L
1.5%
IAPD.L
4.4%

Real Estate

XCHA.L
0.4%
IAPD.L
10.0%

Compare stocks, funds, or ETFs

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

Xtrackers CSI 300 Swap UCITS ETF 1C

iShares Asia Pacific Dividend UCITS

Often compared with XCHA.L:
XCHA.L vs. ASHRXCHA.L vs. CSPX.LXCHA.L vs. VUAA.DEXCHA.L vs. HMCT.LXCHA.L vs. CC1U.LXCHA.L vs. CA3S.LXCHA.L vs. XCNA.L
Often compared with IAPD.L:
IAPD.L vs. 100D.LIAPD.L vs. JEPQIAPD.L vs. NOBLIAPD.L vs. CNDX.LIAPD.L vs. VAPX.LIAPD.L vs. IJRIAPD.L vs. VOO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XCHA.L
XCHA.L Risk / Return Rank: 7676
Overall Rank
XCHA.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
XCHA.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
XCHA.L Omega Ratio Rank: 6666
Omega Ratio Rank
XCHA.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
XCHA.L Martin Ratio Rank: 8484
Martin Ratio Rank
IAPD.L
IAPD.L Risk / Return Rank: 9191
Overall Rank
IAPD.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
IAPD.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
IAPD.L Omega Ratio Rank: 9393
Omega Ratio Rank
IAPD.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IAPD.L Martin Ratio Rank: 8181
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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.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.

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.

XCHA.LIAPD.LDifference
Sharpe ratioReturn per unit of total volatility
1.80
2.57

-0.78

Sortino ratioReturn per unit of downside risk
2.51
3.65

-1.14

Omega ratioGain probability vs. loss probability

1.32

1.45

-0.13

Calmar ratioReturn relative to maximum drawdown

4.82

4.10

+0.72

Martin ratioReturn relative to average drawdown

13.29

11.01

+2.29

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

The current XCHA.L Sharpe Ratio is 1.80, which is lower than the IAPD.L Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XCHA.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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Drawdowns

XCHA.L vs. IAPD.L - Drawdown Comparison

The maximum XCHA.L drawdown since its inception was -50.90%, smaller than the maximum IAPD.L drawdown of -70.10%. Use the drawdown chart below to compare losses from any high point for XCHA.L and IAPD.L.

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Drawdown Indicators

XCHA.LIAPD.LDifference

Max Drawdown

Largest peak-to-trough decline

-50.90%

-70.10%

+19.20%

Max Drawdown (1Y)

Largest decline over 1 year

-7.02%

-7.96%

+0.94%

Max Drawdown (3Y)

Largest decline over 3 years

-26.85%

-18.35%

-8.50%

Max Drawdown (5Y)

Largest decline over 5 years

-39.75%

-25.23%

-14.52%

Max Drawdown (10Y)

Largest decline over 10 years

-44.89%

-45.48%

+0.59%

Current Drawdown

Current decline from peak

-4.94%

-1.30%

-3.64%

Average Drawdown

Average peak-to-trough decline

-24.00%

-13.01%

-10.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.55%

2.97%

-0.42%

Volatility

XCHA.L vs. IAPD.L - Volatility Comparison

Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) has a higher volatility of 8.65% compared to iShares Asia Pacific Dividend UCITS (IAPD.L) at 3.63%. This indicates that XCHA.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

XCHA.LIAPD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.65%

3.63%

+5.02%

Volatility (6M)

Calculated over the trailing 6-month period

14.40%

10.36%

+4.04%

Volatility (1Y)

Calculated over the trailing 1-year period

18.83%

12.71%

+6.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.62%

14.99%

+7.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.77%

16.74%

+6.03%

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

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

Dividends

XCHA.L vs. IAPD.L - Dividend Comparison

XCHA.L has not paid dividends to shareholders, while IAPD.L's dividend yield for the trailing twelve months is around 4.16%.

PositionTTM20252024202320222021202020192018201720162015
IAPD.L
iShares Asia Pacific Dividend UCITS		4.16%4.20%5.25%5.77%6.84%5.51%3.70%5.67%5.87%4.71%4.22%5.31%
XCHA.L
Xtrackers CSI 300 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

XCHA.L and IAPD.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

XCHA.L is categorized as China Equities, while IAPD.L is Asia Pacific Equities. XCHA.L tracks MSCI China A Onshore NR CNY, while IAPD.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.50% for XCHA.L and 0.59% for IAPD.L.

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