CPXJ.AS vs. VAPX.AS
CPXJ.AS (iShares Core MSCI Pacific ex Japan UCITS ETF) and VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) are both Asia Pacific Equities funds - CPXJ.AS tracks the MSCI Pacific Ex Japan NR USD while VAPX.AS tracks the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 10 years, CPXJ.AS returned 7.08%/yr vs 10.16%/yr for VAPX.AS. Their correlation of 0.91 suggests significant overlap in exposure. CPXJ.AS charges 0.20%/yr vs 0.15%/yr for VAPX.AS.
Performance
CPXJ.AS vs. VAPX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, CPXJ.AS achieves a 13.48% return, which is significantly lower than VAPX.AS's 36.92% return. Over the past 10 years, CPXJ.AS has underperformed VAPX.AS with an annualized return of 7.08%, while VAPX.AS has yielded a comparatively higher 10.16% annualized return.
CPXJ.AS
- 1D
- 0.00%
- 1M
- 2.96%
- 6M
- 11.50%
- YTD
- 13.48%
- 1Y
- 16.81%
- 3Y*
- 11.93%
- 5Y*
- 6.60%
- 10Y*
- 7.08%
- ALL TIME*
- 6.48%
VAPX.AS
- 1D
- 0.00%
- 1M
- -13.69%
- 6M
- 28.15%
- YTD
- 36.92%
- 1Y
- 56.22%
- 3Y*
- 21.48%
- 5Y*
- 10.86%
- 10Y*
- 10.16%
- ALL TIME*
- 6.43%
CPXJ.AS vs. VAPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF | 13.48% | 6.69% | 11.90% | 2.33% | -0.55% | 12.79% | -2.03% | 20.23% | -5.97% | 10.75% |
VAPX.AS Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF | 36.92% | 24.75% | 0.85% | 6.28% | -6.99% | 9.27% | 9.10% | 18.78% | -9.94% | 15.92% |
Correlation
The correlation between CPXJ.AS and VAPX.AS is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.91 |
Over the past year, the correlation between CPXJ.AS and VAPX.AS has dropped to 0.67 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
CPXJ.AS vs. VAPX.AS — Risk / Return Rank
CPXJ.AS
VAPX.AS
CPXJ.AS vs. VAPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS). 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.
| CPXJ.AS | VAPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.69 | -0.99 |
| Martin ratioReturn relative to average drawdown | 7.77 | 12.14 | -4.37 |
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Drawdowns
CPXJ.AS vs. VAPX.AS - Drawdown Comparison
The maximum CPXJ.AS drawdown since its inception was -36.83%, roughly equal to the maximum VAPX.AS drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for CPXJ.AS and VAPX.AS.
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Drawdown Indicators
| CPXJ.AS | VAPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -36.99% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.20% | -15.17% | +8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -19.60% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -19.60% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.83% | -36.99% | +0.16% |
Current DrawdownCurrent decline from peak | -0.45% | -14.44% | +13.99% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -9.66% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 4.62% | -2.46% |
Volatility
CPXJ.AS vs. VAPX.AS - Volatility Comparison
The current volatility for iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) is 2.34%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a volatility of 12.75%. This indicates that CPXJ.AS experiences smaller price fluctuations and is considered to be less risky than VAPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CPXJ.AS | VAPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 12.75% | -10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 24.12% | -14.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 26.01% | -14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 17.97% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 18.34% | -1.93% |
CPXJ.AS vs. VAPX.AS - Expense Ratio Comparison
CPXJ.AS has a 0.20% expense ratio, which is higher than VAPX.AS'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
CPXJ.AS vs. VAPX.AS - Dividend Comparison
CPXJ.AS has not paid dividends to shareholders, while VAPX.AS's dividend yield for the trailing twelve months is around 2.03%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF | 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.AS Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF | 2.03% | 2.75% | 3.42% | 3.54% | 4.46% | 3.45% | 2.06% | 3.31% | 3.57% | 3.16% | 2.85% | 3.53% |
Frequently Asked Questions
CPXJ.AS and VAPX.AS have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAPX.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAPX.AS is cheaper with a 0.15% expense ratio, compared with 0.20% for CPXJ.AS.
CPXJ.AS tracks MSCI Pacific Ex Japan NR USD, while VAPX.AS 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 CPXJ.AS and 0.15% for VAPX.AS.
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