PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CPXJ.L vs. VEU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CPXJ.L vs. VEU

Last updated Jun 5, 2026

CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, CPXJ.L returned 7.73%/yr vs 9.88%/yr for VEU. A 0.57 correlation means they provide meaningful diversification when combined. CPXJ.L charges 0.20%/yr vs 0.04%/yr for VEU.

Performance

CPXJ.L vs. VEU - 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 (CPXJ.L) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, CPXJ.L achieves a 8.57% return, which is significantly lower than VEU's 14.77% return. Over the past 10 years, CPXJ.L has underperformed VEU with an annualized return of 7.73%, while VEU has yielded a comparatively higher 9.88% annualized return.

CPXJ.L

1D
-0.72%
1M
-0.61%
YTD
8.57%
6M
10.28%
1Y
16.16%
3Y*
13.47%
5Y*
4.86%
10Y*
7.73%

VEU

1D
0.15%
1M
3.74%
YTD
14.77%
6M
17.23%
1Y
31.73%
3Y*
19.86%
5Y*
8.71%
10Y*
9.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CPXJ.L vs. VEU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CPXJ.L
iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc		8.57%20.05%5.35%5.87%-5.98%4.27%6.80%18.07%-10.71%26.08%
VEU
Vanguard FTSE All-World ex-US ETF		14.77%32.35%5.56%15.84%-15.58%8.27%11.10%21.83%-14.18%27.40%

Correlation

The correlation between CPXJ.L and VEU is 0.68, 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

0.68

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

0.67

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

0.67

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

0.67

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2010

0.57

The correlation between CPXJ.L and VEU shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.

CPXJ.L vs. VEU - Sectors Allocation Comparison

Sectors
CPXJ.L
VEU

Financial Services

45.5%
23.3%

Basic Materials

15.5%
7.1%

Industrials

8.6%
15.7%

Real Estate

7.9%
2.0%

Consumer Cyclical

6.1%
8.2%

Utilities

3.6%
3.2%

Healthcare

3.2%
7.1%

Consumer Defensive

2.9%
5.1%

Communication Services

2.9%
4.6%

Energy

2.8%
5.2%

Technology

1.1%
18.5%

Financial Services

CPXJ.L
45.5%
VEU
23.3%

Basic Materials

CPXJ.L
15.5%
VEU
7.1%

Industrials

CPXJ.L
8.6%
VEU
15.7%

Real Estate

CPXJ.L
7.9%
VEU
2.0%

Consumer Cyclical

CPXJ.L
6.1%
VEU
8.2%

Utilities

CPXJ.L
3.6%
VEU
3.2%

Healthcare

CPXJ.L
3.2%
VEU
7.1%

Consumer Defensive

CPXJ.L
2.9%
VEU
5.1%

Communication Services

CPXJ.L
2.9%
VEU
4.6%

Energy

CPXJ.L
2.8%
VEU
5.2%

Technology

CPXJ.L
1.1%
VEU
18.5%

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 All-World ex-US ETF

Often compared with CPXJ.L:
CPXJ.L vs. CEMAT.COCPXJ.L vs. VFEA.DECPXJ.L vs. IWDA.LCPXJ.L vs. VUAA.LCPXJ.L vs. QTOPCPXJ.L vs. IJPN.LCPXJ.L vs. DRIV
Often compared with VEU:
VEU vs. VXUSVEU vs. VEAVEU vs. VOOVEU vs. VGKVEU vs. SPYVEU vs. ACWXVEU vs. VTI

Return for Risk

CPXJ.L vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CPXJ.L
CPXJ.L Risk / Return Rank: 3636
Overall Rank
CPXJ.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
CPXJ.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
CPXJ.L Omega Ratio Rank: 3333
Omega Ratio Rank
CPXJ.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
CPXJ.L Martin Ratio Rank: 3838
Martin Ratio Rank
VEU
VEU Risk / Return Rank: 6262
Overall Rank
VEU Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VEU Sortino Ratio Rank: 6363
Sortino Ratio Rank
VEU Omega Ratio Rank: 6464
Omega Ratio Rank
VEU Calmar Ratio Rank: 5757
Calmar Ratio Rank
VEU Martin Ratio Rank: 6161
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.

CPXJ.L vs. VEU - 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 (CPXJ.L) and Vanguard FTSE All-World ex-US ETF (VEU). 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.LVEUDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.09

-0.89

Sortino ratioReturn per unit of downside risk
1.87
2.89

-1.02

Omega ratioGain probability vs. loss probability

1.22

1.38

-0.17

Calmar ratioReturn relative to maximum drawdown

1.89

2.79

-0.90

Martin ratioReturn relative to average drawdown

5.93

10.84

-4.91

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.L vs. VEU - Sharpe Ratio Comparison

The current CPXJ.L Sharpe Ratio is 1.20, which is lower than the VEU Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of CPXJ.L and VEU, 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

CPXJ.LVEUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

2.09

-0.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.54

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

0.58

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.25

+0.08

Drawdowns

CPXJ.L vs. VEU - Drawdown Comparison

The maximum CPXJ.L drawdown since its inception was -38.92%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for CPXJ.L and VEU.

Loading charts...

Drawdown Indicators

CPXJ.LVEUDifference

Max Drawdown

Largest peak-to-trough decline

-38.92%

-61.52%

+22.60%

Max Drawdown (1Y)

Largest decline over 1 year

-8.50%

-11.43%

+2.93%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-13.69%

-5.56%

Max Drawdown (5Y)

Largest decline over 5 years

-25.36%

-29.31%

+3.95%

Max Drawdown (10Y)

Largest decline over 10 years

-38.92%

-34.98%

-3.94%

Current Drawdown

Current decline from peak

-3.31%

-0.82%

-2.49%

Average Drawdown

Average peak-to-trough decline

-8.34%

-13.13%

+4.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.72%

2.93%

-0.21%

Volatility

CPXJ.L vs. VEU - Volatility Comparison

The current volatility for iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) is 4.55%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.45%. This indicates that CPXJ.L experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CPXJ.LVEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.55%

5.45%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

13.04%

-2.19%

Volatility (1Y)

Calculated over the trailing 1-year period

13.42%

15.28%

-1.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.30%

16.06%

+1.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.03%

17.20%

+0.83%

CPXJ.L vs. VEU - Expense Ratio Comparison

CPXJ.L has a 0.20% expense ratio, which is higher than VEU's 0.04% 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.L vs. VEU - Dividend Comparison

CPXJ.L has not paid dividends to shareholders, while VEU's dividend yield for the trailing twelve months is around 2.60%.

PositionTTM20252024202320222021202020192018201720162015
CPXJ.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%
VEU
Vanguard FTSE All-World ex-US ETF		2.60%3.09%3.24%3.32%3.12%3.08%2.00%3.10%3.27%2.66%2.96%2.95%

Frequently Asked Questions

CPXJ.L and VEU have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VEU is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEU is cheaper with a 0.04% expense ratio, compared with 0.20% for CPXJ.L.

CPXJ.L is categorized as Asia Pacific Equities, while VEU is Foreign Large Cap Equities. CPXJ.L tracks MSCI Pacific Ex Japan NR USD, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for CPXJ.L and 0.04% for VEU.

Portfolio Optimizer

Find the right allocation for CPXJ.L and VEU

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