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XKS2.L vs. IDAP.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XKS2.L vs. IDAP.L

Last updated Jun 5, 2026

XKS2.L (Xtrackers MSCI Korea UCITS ETF 1C) and IDAP.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - XKS2.L tracks the MSCI Korea NR USD while IDAP.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, XKS2.L returned 17.87%/yr vs 7.95%/yr for IDAP.L. At a 0.47 correlation, their price movements are largely independent. XKS2.L charges 0.65%/yr vs 0.59%/yr for IDAP.L.

Performance

XKS2.L vs. IDAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) and iShares Asia Pacific Dividend UCITS (IDAP.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XKS2.L is traded in GBp, while IDAP.L is traded in USD. To make them comparable, the IDAP.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XKS2.L achieves a 107.22% return, which is significantly higher than IDAP.L's 13.31% return. Over the past 10 years, XKS2.L has outperformed IDAP.L with an annualized return of 17.87%, while IDAP.L has yielded a comparatively lower 7.95% annualized return.

XKS2.L

1D
-4.89%
1M
17.08%
YTD
107.22%
6M
125.61%
1Y
237.24%
3Y*
45.20%
5Y*
19.87%
10Y*
17.87%

IDAP.L

1D
-0.38%
1M
0.57%
YTD
13.31%
6M
13.10%
1Y
39.60%
3Y*
18.61%
5Y*
10.90%
10Y*
7.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XKS2.L vs. IDAP.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XKS2.L
Xtrackers MSCI Korea UCITS ETF 1C		107.22%85.79%-21.66%13.44%-19.57%-7.21%38.65%7.36%-16.54%32.58%
IDAP.L
iShares Asia Pacific Dividend UCITS		13.31%20.45%8.04%7.81%9.70%4.37%-12.05%9.56%-10.20%6.88%

Correlation

The correlation between XKS2.L and IDAP.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.40

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

0.45

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

0.46

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

0.53

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2007

0.47

The correlation between XKS2.L and IDAP.L shifts across timeframes, from 0.40 (1 year) to 0.53 (10 years), reflecting how their relationship changes across market environments.

XKS2.L vs. IDAP.L - Sectors Allocation Comparison

Sectors
XKS2.L
IDAP.L

Technology

56.0%
1.6%

Industrials

18.7%
7.1%

Financial Services

9.2%
30.9%

Consumer Cyclical

5.7%
10.9%

Healthcare

3.0%
3.5%

Communication Services

2.6%
4.7%

Basic Materials

2.0%
16.1%

Consumer Defensive

1.4%
5.2%

Energy

1.1%
5.1%

Utilities

0.4%
4.5%

Real Estate

-

10.6%

Technology

XKS2.L
56.0%
IDAP.L
1.6%

Industrials

XKS2.L
18.7%
IDAP.L
7.1%

Financial Services

XKS2.L
9.2%
IDAP.L
30.9%

Consumer Cyclical

XKS2.L
5.7%
IDAP.L
10.9%

Healthcare

XKS2.L
3.0%
IDAP.L
3.5%

Communication Services

XKS2.L
2.6%
IDAP.L
4.7%

Basic Materials

XKS2.L
2.0%
IDAP.L
16.1%

Consumer Defensive

XKS2.L
1.4%
IDAP.L
5.2%

Energy

XKS2.L
1.1%
IDAP.L
5.1%

Utilities

XKS2.L
0.4%
IDAP.L
4.5%

Real Estate

XKS2.L

-

IDAP.L
10.6%

Compare stocks, funds, or ETFs

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Xtrackers MSCI Korea UCITS ETF 1C

iShares Asia Pacific Dividend UCITS

Often compared with XKS2.L:
XKS2.L vs. LDAG.LXKS2.L vs. HMXD.LXKS2.L vs. UB20.LXKS2.L vs. AUAD.LXKS2.L vs. APEX.LXKS2.L vs. FLRK.LXKS2.L vs. PADV.L
Often compared with IDAP.L:
IDAP.L vs. EWLIDAP.L vs. VAPX.ASIDAP.L vs. ASDV.LIDAP.L vs. DVYAIDAP.L vs. SEDY.LIDAP.L vs. HYGWIDAP.L vs. LCAL.L

Return for Risk

XKS2.L vs. IDAP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XKS2.L
XKS2.L Risk / Return Rank: 9797
Overall Rank
XKS2.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
XKS2.L Sortino Ratio Rank: 9797
Sortino Ratio Rank
XKS2.L Omega Ratio Rank: 9797
Omega Ratio Rank
XKS2.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
XKS2.L Martin Ratio Rank: 9797
Martin Ratio Rank
IDAP.L
IDAP.L Risk / Return Rank: 8686
Overall Rank
IDAP.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
IDAP.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
IDAP.L Omega Ratio Rank: 8686
Omega Ratio Rank
IDAP.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
IDAP.L Martin Ratio Rank: 8484
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.

XKS2.L vs. IDAP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) and iShares Asia Pacific Dividend UCITS (IDAP.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.

XKS2.LIDAP.LDifference
Sharpe ratioReturn per unit of total volatility
6.41
3.28

+3.13

Sortino ratioReturn per unit of downside risk
5.85
4.43

+1.42

Omega ratioGain probability vs. loss probability

1.85

1.58

+0.27

Calmar ratioReturn relative to maximum drawdown

11.05

5.04

+6.00

Martin ratioReturn relative to average drawdown

39.18

19.37

+19.81

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

XKS2.L vs. IDAP.L - Sharpe Ratio Comparison

The current XKS2.L Sharpe Ratio is 6.41, which is higher than the IDAP.L Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of XKS2.L and IDAP.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

XKS2.LIDAP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

6.41

3.28

+3.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.82

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.49

+0.24

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.29

+0.09

Drawdowns

XKS2.L vs. IDAP.L - Drawdown Comparison

The maximum XKS2.L drawdown since its inception was -62.63%, which is greater than IDAP.L's maximum drawdown of -55.27%. Use the drawdown chart below to compare losses from any high point for XKS2.L and IDAP.L.

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Drawdown Indicators

XKS2.LIDAP.LDifference

Max Drawdown

Largest peak-to-trough decline

-62.63%

-55.27%

-7.36%

Max Drawdown (1Y)

Largest decline over 1 year

-21.33%

-7.82%

-13.51%

Max Drawdown (3Y)

Largest decline over 3 years

-28.70%

-17.11%

-11.59%

Max Drawdown (5Y)

Largest decline over 5 years

-40.70%

-17.11%

-23.59%

Max Drawdown (10Y)

Largest decline over 10 years

-44.01%

-38.20%

-5.81%

Current Drawdown

Current decline from peak

-5.27%

-3.02%

-2.25%

Average Drawdown

Average peak-to-trough decline

-15.75%

-8.42%

-7.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.03%

2.04%

+3.99%

Volatility

XKS2.L vs. IDAP.L - Volatility Comparison

Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) has a higher volatility of 17.29% compared to iShares Asia Pacific Dividend UCITS (IDAP.L) at 4.06%. This indicates that XKS2.L's price experiences larger fluctuations and is considered to be riskier than IDAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XKS2.LIDAP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.29%

4.06%

+13.23%

Volatility (6M)

Calculated over the trailing 6-month period

32.10%

9.50%

+22.60%

Volatility (1Y)

Calculated over the trailing 1-year period

36.79%

12.01%

+24.78%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.17%

13.25%

+11.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.35%

16.12%

+8.23%

XKS2.L vs. IDAP.L - Expense Ratio Comparison

XKS2.L has a 0.65% expense ratio, which is higher than IDAP.L's 0.59% expense ratio.

Dividends

XKS2.L vs. IDAP.L - Dividend Comparison

XKS2.L has not paid dividends to shareholders, while IDAP.L's dividend yield for the trailing twelve months is around 3.65%.

PositionTTM20252024202320222021202020192018201720162015
IDAP.L
iShares Asia Pacific Dividend UCITS		3.65%4.22%5.36%5.72%6.92%5.59%3.49%5.52%6.04%4.55%4.54%5.47%
XKS2.L
Xtrackers MSCI Korea 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

XKS2.L and IDAP.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IDAP.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IDAP.L is cheaper with a 0.59% expense ratio, compared with 0.65% for XKS2.L.

XKS2.L tracks MSCI Korea NR USD, while IDAP.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XKS2.L and 0.59% for IDAP.L.

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