CPXJ.AS vs. VGEK.DE

Last updated Jun 5, 2026

CPXJ.AS (iShares Core MSCI Pacific ex Japan UCITS ETF) and VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) are both Asia Pacific Equities funds - CPXJ.AS tracks the MSCI Pacific Ex Japan NR USD while VGEK.DE tracks the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 5 years, CPXJ.AS returned 5.85%/yr vs 12.83%/yr for VGEK.DE. Their correlation of 0.87 suggests significant overlap in exposure. CPXJ.AS charges 0.20%/yr vs 0.15%/yr for VGEK.DE.

Performance

CPXJ.AS vs. VGEK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CPXJ.AS achieves a 9.65% return, which is significantly lower than VGEK.DE's 49.52% return.

CPXJ.AS

• 1D: -0.99%
• 1M: 0.12%
• YTD: 9.65%
• 6M: 10.54%
• 1Y: 14.24%
• 3Y*: 10.42%
• 5Y*: 5.85%
• 10Y*: 7.49%

VGEK.DE

• 1D: -3.21%
• 1M: 10.22%
• YTD: 49.52%
• 6M: 55.71%
• 1Y: 79.92%
• 3Y*: 24.83%
• 5Y*: 12.83%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXJ.AS vs. VGEK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF	9.65%	6.69%	11.90%	2.33%	-0.55%	12.79%	-2.03%	2.76%
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating	49.52%	25.03%	1.02%	6.43%	-7.37%	9.39%	8.22%	6.27%

Correlation

The correlation between CPXJ.AS and VGEK.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.87

The correlation between CPXJ.AS and VGEK.DE shifts across timeframes, from 0.70 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CPXJ.AS vs. VGEK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CPXJ.AS

CPXJ.AS Risk / Return Rank: 39
CPXJ.AS Sharpe Ratio Rank: 35
CPXJ.AS Sortino Ratio Rank: 36
CPXJ.AS Omega Ratio Rank: 33
CPXJ.AS Calmar Ratio Rank: 46
CPXJ.AS Martin Ratio Rank: 42

VGEK.DE

VGEK.DE Risk / Return Rank: 93
VGEK.DE Sharpe Ratio Rank: 95
VGEK.DE Sortino Ratio Rank: 93
VGEK.DE Omega Ratio Rank: 94
VGEK.DE Calmar Ratio Rank: 92
VGEK.DE Martin Ratio Rank: 93

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.

CPXJ.AS vs. VGEK.DE - 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 (USD) Accumulating (VGEK.DE). 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.

	CPXJ.AS	VGEK.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.22	3.77	-2.55
Sortino ratio: Return per unit of downside risk	1.86	4.68	-2.82
Omega ratio: Gain probability vs. loss probability	1.22	1.66	-0.44
Calmar ratio: Return relative to maximum drawdown	2.27	6.17	-3.91
Martin ratio: Return relative to average drawdown	6.65	24.03	-17.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CPXJ.AS vs. VGEK.DE - Sharpe Ratio Comparison

The current CPXJ.AS Sharpe Ratio is 1.22, which is lower than the VGEK.DE Sharpe Ratio of 3.77. The chart below compares the historical Sharpe Ratios of CPXJ.AS and VGEK.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CPXJ.AS	VGEK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.22	3.77	-2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.76	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.69	-0.33

Drawdowns

CPXJ.AS vs. VGEK.DE - Drawdown Comparison

The maximum CPXJ.AS drawdown since its inception was -36.83%, roughly equal to the maximum VGEK.DE drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for CPXJ.AS and VGEK.DE.

Drawdown Indicators

	CPXJ.AS	VGEK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-36.64%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-6.20%	-12.88%	+6.68%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-19.68%	-0.27%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-19.68%	-0.27%
Max Drawdown (10Y) Largest decline over 10 years	-36.83%	—	—
Current Drawdown Current decline from peak	-2.08%	-3.76%	+1.68%
Average Drawdown Average peak-to-trough decline	-6.66%	-6.08%	-0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	3.32%	-1.19%

Volatility

CPXJ.AS vs. VGEK.DE - Volatility Comparison

The current volatility for iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) is 3.32%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a volatility of 10.20%. This indicates that CPXJ.AS experiences smaller price fluctuations and is considered to be less risky than VGEK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPXJ.AS	VGEK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	10.20%	-6.88%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	18.52%	-9.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	21.09%	-9.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	16.60%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	19.60%	-3.12%

CPXJ.AS vs. VGEK.DE - Expense Ratio Comparison

CPXJ.AS has a 0.20% expense ratio, which is higher than VGEK.DE'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. VGEK.DE - Dividend Comparison

Neither CPXJ.AS nor VGEK.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CPXJ.AS and VGEK.DE in my portfolio?

CPXJ.AS and VGEK.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CPXJ.AS or VGEK.DE?

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

Which ETF is cheaper, CPXJ.AS or VGEK.DE?

VGEK.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for CPXJ.AS.

What is the main difference between CPXJ.AS and VGEK.DE?

CPXJ.AS tracks MSCI Pacific Ex Japan NR USD, while VGEK.DE tracks FTSE Developed Asia Pacific ex Japan. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CPXJ.AS and 0.15% for VGEK.DE.