PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CPJ1.L vs. VAPX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPJ1.L vs. VAPX.L

Last updated Jun 5, 2026

CPJ1.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both Asia Pacific Equities funds - CPJ1.L tracks the MSCI Pacific Ex Japan NR USD while VAPX.L tracks the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 10 years, CPJ1.L returned 8.53%/yr vs 12.84%/yr for VAPX.L. Their correlation of 0.91 suggests significant overlap in exposure. CPJ1.L charges 0.20%/yr vs 0.15%/yr for VAPX.L.

Performance

CPJ1.L vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CPJ1.L is traded in GBp, while VAPX.L is traded in GBP. To make them comparable, the VAPX.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CPJ1.L achieves a 8.83% return, which is significantly lower than VAPX.L's 48.85% return. Over the past 10 years, CPJ1.L has underperformed VAPX.L with an annualized return of 8.53%, while VAPX.L has yielded a comparatively higher 12.84% annualized return.

CPJ1.L

1D
-0.60%
1M
0.44%
YTD
8.83%
6M
9.62%
1Y
17.48%
3Y*
10.56%
5Y*
6.01%
10Y*
8.53%

VAPX.L

1D
-3.09%
1M
10.87%
YTD
48.85%
6M
53.84%
1Y
83.65%
3Y*
24.61%
5Y*
12.69%
10Y*
12.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPJ1.L vs. VAPX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CPJ1.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.83%12.05%6.89%0.15%4.86%5.71%3.46%14.30%-5.53%15.18%
VAPX.L
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing		48.85%30.80%-3.74%3.63%-1.84%1.30%14.91%12.74%-9.53%20.31%

Correlation

The correlation between CPJ1.L and VAPX.L is 0.65, 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

0.65

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

0.80

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

0.84

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

0.89

Correlation (All Time)
Calculated using the full available price history since May 23, 2013

0.91

Over the past year, the correlation between CPJ1.L and VAPX.L has dropped to 0.65 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.

CPJ1.L vs. VAPX.L - Sectors Allocation Comparison

Sectors
CPJ1.L
VAPX.L

Financial Services

45.5%
25.3%

Basic Materials

15.5%
9.5%

Industrials

8.6%
12.5%

Real Estate

7.9%
4.9%

Consumer Cyclical

6.1%
5.3%

Utilities

3.6%
2.0%

Healthcare

3.2%
3.3%

Consumer Defensive

2.9%
2.5%

Communication Services

2.9%
2.4%

Energy

2.8%
2.3%

Technology

1.1%
30.2%

Financial Services

CPJ1.L
45.5%
VAPX.L
25.3%

Basic Materials

CPJ1.L
15.5%
VAPX.L
9.5%

Industrials

CPJ1.L
8.6%
VAPX.L
12.5%

Real Estate

CPJ1.L
7.9%
VAPX.L
4.9%

Consumer Cyclical

CPJ1.L
6.1%
VAPX.L
5.3%

Utilities

CPJ1.L
3.6%
VAPX.L
2.0%

Healthcare

CPJ1.L
3.2%
VAPX.L
3.3%

Consumer Defensive

CPJ1.L
2.9%
VAPX.L
2.5%

Communication Services

CPJ1.L
2.9%
VAPX.L
2.4%

Energy

CPJ1.L
2.8%
VAPX.L
2.3%

Technology

CPJ1.L
1.1%
VAPX.L
30.2%

Compare stocks, funds, or ETFs

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

iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing

Often compared with CPJ1.L:
CPJ1.L vs. AGES.LCPJ1.L vs. CUKX.LCPJ1.L vs. LGAG.LCPJ1.L vs. ETLK.DECPJ1.L vs. IUKD.LCPJ1.L vs. VUKE.LCPJ1.L vs. PADV.L
Often compared with VAPX.L:
VAPX.L vs. HMXJ.LVAPX.L vs. VFEG.LVAPX.L vs. V3PA.DEVAPX.L vs. EIXVAPX.L vs. INAA.LVAPX.L vs. VTVAPX.L vs. SPHD

Return for Risk

CPJ1.L vs. VAPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPJ1.L
CPJ1.L Risk / Return Rank: 4747
Overall Rank
CPJ1.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
CPJ1.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
CPJ1.L Omega Ratio Rank: 4646
Omega Ratio Rank
CPJ1.L Calmar Ratio Rank: 5050
Calmar Ratio Rank
CPJ1.L Martin Ratio Rank: 4545
Martin Ratio Rank
VAPX.L
VAPX.L Risk / Return Rank: 9494
Overall Rank
VAPX.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
VAPX.L Sortino Ratio Rank: 9595
Sortino Ratio Rank
VAPX.L Omega Ratio Rank: 9595
Omega Ratio Rank
VAPX.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
VAPX.L Martin Ratio Rank: 9292
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.

CPJ1.L vs. VAPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.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.

CPJ1.LVAPX.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
4.11

-2.53

Sortino ratioReturn per unit of downside risk
2.37
4.98

-2.61

Omega ratioGain probability vs. loss probability

1.29

1.75

-0.46

Calmar ratioReturn relative to maximum drawdown

2.41

6.18

-3.77

Martin ratioReturn relative to average drawdown

7.27

23.27

-16.00

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

CPJ1.L vs. VAPX.L - Sharpe Ratio Comparison

The current CPJ1.L Sharpe Ratio is 1.59, which is lower than the VAPX.L Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of CPJ1.L and VAPX.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.

Loading charts...

Sharpe Ratios by Period

CPJ1.LVAPX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

4.11

-2.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.44

0.79

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.74

-0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.54

-0.08

Drawdowns

CPJ1.L vs. VAPX.L - Drawdown Comparison

The maximum CPJ1.L drawdown since its inception was -32.49%, which is greater than VAPX.L's maximum drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for CPJ1.L and VAPX.L.

Loading charts...

Drawdown Indicators

CPJ1.LVAPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.49%

-30.88%

-1.61%

Max Drawdown (1Y)

Largest decline over 1 year

-7.23%

-13.47%

+6.24%

Max Drawdown (3Y)

Largest decline over 3 years

-17.15%

-16.88%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-17.61%

-18.04%

+0.43%

Max Drawdown (10Y)

Largest decline over 10 years

-32.49%

-30.88%

-1.61%

Current Drawdown

Current decline from peak

-2.97%

-3.50%

+0.53%

Average Drawdown

Average peak-to-trough decline

-6.90%

-6.47%

-0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

3.58%

-1.18%

Volatility

CPJ1.L vs. VAPX.L - Volatility Comparison

The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPJ1.L) is 3.70%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 10.22%. This indicates that CPJ1.L experiences smaller price fluctuations and is considered to be less risky than VAPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CPJ1.LVAPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

10.22%

-6.52%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

17.90%

-9.25%

Volatility (1Y)

Calculated over the trailing 1-year period

10.99%

20.27%

-9.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.74%

16.00%

-2.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

17.39%

-1.46%

CPJ1.L vs. VAPX.L - Expense Ratio Comparison

CPJ1.L has a 0.20% expense ratio, which is higher than VAPX.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CPJ1.L vs. VAPX.L - Dividend Comparison

CPJ1.L has not paid dividends to shareholders, while VAPX.L's dividend yield for the trailing twelve months is around 1.54%.

PositionTTM20252024202320222021202020192018201720162015
CPJ1.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VAPX.L
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing		1.54%2.36%3.20%3.30%4.12%2.99%1.81%3.28%3.55%3.07%2.71%3.45%

Frequently Asked Questions

CPJ1.L and VAPX.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VAPX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.20% for CPJ1.L.

CPJ1.L tracks MSCI Pacific Ex Japan NR USD, while VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CPJ1.L and 0.15% for VAPX.L.

Portfolio Optimizer

Find the right allocation for CPJ1.L and VAPX.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer