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

XNIF.L vs. IDAP.L

Last updated Jun 5, 2026

XNIF.L (Xtrackers Nifty 50 Swap UCITS ETF 1C) and IDAP.L (iShares Asia Pacific Dividend UCITS) are both Asia Pacific Equities funds - XNIF.L tracks the MSCI India NR USD while IDAP.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, XNIF.L returned 7.18%/yr vs 7.95%/yr for IDAP.L. At a 0.33 correlation, their price movements are largely independent. XNIF.L charges 0.85%/yr vs 0.59%/yr for IDAP.L.

Performance

XNIF.L vs. IDAP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.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

XNIF.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, XNIF.L achieves a -16.13% return, which is significantly lower than IDAP.L's 13.27% return. Over the past 10 years, XNIF.L has underperformed IDAP.L with an annualized return of 7.18%, while IDAP.L has yielded a comparatively higher 7.95% annualized return.

XNIF.L

1D
1.22%
1M
-3.90%
YTD
-16.13%
6M
-16.53%
1Y
-14.54%
3Y*
-0.33%
5Y*
3.30%
10Y*
7.18%

IDAP.L

1D
-0.41%
1M
-1.49%
YTD
13.27%
6M
13.07%
1Y
38.36%
3Y*
18.60%
5Y*
10.90%
10Y*
7.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
XNIF.L
Xtrackers Nifty 50 Swap UCITS ETF 1C		-16.13%-1.71%6.70%11.98%5.08%23.10%6.44%6.11%-1.17%23.90%
IDAP.L
iShares Asia Pacific Dividend UCITS		13.27%20.45%8.04%7.81%9.70%4.37%-12.05%9.56%-10.20%6.88%

Correlation

The correlation between XNIF.L and IDAP.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.32

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

0.27

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

0.37

Correlation (All Time)
Calculated using the full available price history since Sep 19, 2007

0.33

The correlation between XNIF.L and IDAP.L shifts across timeframes, from 0.27 (5 years) to 0.37 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
XNIF.L
IDAP.L

Technology

22.4%
1.6%

Consumer Cyclical

19.7%
10.9%

Communication Services

17.1%
4.7%

Financial Services

11.0%
30.9%

Healthcare

11.0%
3.5%

Consumer Defensive

7.7%
5.2%

Energy

5.4%
5.1%

Basic Materials

2.6%
16.1%

Industrials

2.3%
7.1%

Utilities

0.9%
4.5%

Real Estate

-

10.6%

Technology

XNIF.L
22.4%
IDAP.L
1.6%

Consumer Cyclical

XNIF.L
19.7%
IDAP.L
10.9%

Communication Services

XNIF.L
17.1%
IDAP.L
4.7%

Financial Services

XNIF.L
11.0%
IDAP.L
30.9%

Healthcare

XNIF.L
11.0%
IDAP.L
3.5%

Consumer Defensive

XNIF.L
7.7%
IDAP.L
5.2%

Energy

XNIF.L
5.4%
IDAP.L
5.1%

Basic Materials

XNIF.L
2.6%
IDAP.L
16.1%

Industrials

XNIF.L
2.3%
IDAP.L
7.1%

Utilities

XNIF.L
0.9%
IDAP.L
4.5%

Real Estate

XNIF.L

-

IDAP.L
10.6%

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Xtrackers Nifty 50 Swap UCITS ETF 1C

iShares Asia Pacific Dividend UCITS

Often compared with XNIF.L:
XNIF.L vs. FRIN.LXNIF.L vs. INDYXNIF.L vs. NFTYXNIF.L vs. ^NIFTY500XNIF.L vs. IGCXNIF.L vs. SPYXNIF.L vs. FLIN
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XNIF.L
XNIF.L Risk / Return Rank: 22
Overall Rank
XNIF.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
XNIF.L Sortino Ratio Rank: 22
Sortino Ratio Rank
XNIF.L Omega Ratio Rank: 22
Omega Ratio Rank
XNIF.L Calmar Ratio Rank: 33
Calmar Ratio Rank
XNIF.L Martin Ratio Rank: 22
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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.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.

XNIF.LIDAP.LDifference
Sharpe ratioReturn per unit of total volatility
-0.96
3.28

-4.24

Sortino ratioReturn per unit of downside risk
-1.33
4.42

-5.75

Omega ratioGain probability vs. loss probability

0.85

1.58

-0.72

Calmar ratioReturn relative to maximum drawdown

-0.66

5.04

-5.70

Martin ratioReturn relative to average drawdown

-1.41

19.35

-20.76

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

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

The current XNIF.L Sharpe Ratio is -0.96, which is lower than the IDAP.L Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of XNIF.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

XNIF.LIDAP.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.96

3.28

-4.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

0.82

-0.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.49

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.29

-0.04

Drawdowns

XNIF.L vs. IDAP.L - Drawdown Comparison

The maximum XNIF.L drawdown since its inception was -58.56%, 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 XNIF.L and IDAP.L.

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Drawdown Indicators

XNIF.LIDAP.LDifference

Max Drawdown

Largest peak-to-trough decline

-58.56%

-55.27%

-3.29%

Max Drawdown (1Y)

Largest decline over 1 year

-21.09%

-7.82%

-13.27%

Max Drawdown (3Y)

Largest decline over 3 years

-23.80%

-17.11%

-6.69%

Max Drawdown (5Y)

Largest decline over 5 years

-23.80%

-17.11%

-6.69%

Max Drawdown (10Y)

Largest decline over 10 years

-38.55%

-38.20%

-0.35%

Current Drawdown

Current decline from peak

-22.51%

-3.05%

-19.46%

Average Drawdown

Average peak-to-trough decline

-13.41%

-8.42%

-4.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.94%

2.04%

+7.90%

Volatility

XNIF.L vs. IDAP.L - Volatility Comparison

Xtrackers Nifty 50 Swap UCITS ETF 1C (XNIF.L) has a higher volatility of 5.56% compared to iShares Asia Pacific Dividend UCITS (IDAP.L) at 4.06%. This indicates that XNIF.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

XNIF.LIDAP.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.56%

4.06%

+1.50%

Volatility (6M)

Calculated over the trailing 6-month period

12.21%

9.50%

+2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

14.57%

12.02%

+2.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.62%

13.25%

+2.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.38%

16.12%

+4.26%

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

XNIF.L has a 0.85% expense ratio, which is higher than IDAP.L's 0.59% expense ratio.

Dividends

XNIF.L vs. IDAP.L - Dividend Comparison

XNIF.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%
XNIF.L
Xtrackers Nifty 50 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

XNIF.L and IDAP.L have a correlation of 0.35, 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 0.85% for XNIF.L.

XNIF.L tracks MSCI India 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: 0.85% for XNIF.L and 0.59% for IDAP.L.

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