DGRO vs. VAPX.L

Last updated Jun 9, 2026

DGRO (iShares Core Dividend Growth ETF) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index, while VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 10 years, DGRO returned 13.26%/yr vs 11.74%/yr for VAPX.L. At a 0.48 correlation, their price movements are largely independent. DGRO charges 0.08%/yr vs 0.15%/yr for VAPX.L.

Performance

DGRO vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core Dividend Growth ETF (DGRO) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DGRO achieves a 8.47% return, which is significantly lower than VAPX.L's 39.58% return. Over the past 10 years, DGRO has outperformed VAPX.L with an annualized return of 13.26%, while VAPX.L has yielded a comparatively lower 11.74% annualized return.

DGRO

• 1D: -0.29%
• 1M: 2.67%
• YTD: 8.47%
• 6M: 9.27%
• 1Y: 21.90%
• 3Y*: 16.63%
• 5Y*: 10.64%
• 10Y*: 13.26%

VAPX.L

• 1D: 0.35%
• 1M: -2.11%
• YTD: 39.58%
• 6M: 44.97%
• 1Y: 70.32%
• 3Y*: 25.08%
• 5Y*: 10.60%
• 10Y*: 11.74%

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

DGRO vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGRO iShares Core Dividend Growth ETF	8.47%	15.69%	16.62%	10.47%	-7.91%	26.64%	9.50%	29.87%	-2.38%	23.00%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	39.58%	41.25%	-5.11%	9.37%	-12.16%	0.91%	18.84%	17.37%	-14.69%	31.84%

Correlation

The correlation between DGRO and VAPX.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014	0.48

The correlation between DGRO and VAPX.L shifts across timeframes, from 0.37 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

DGRO vs. VAPX.L - Sectors Allocation Comparison

Sectors	DGRO	VAPX.L
Financial Services	21.2%	25.3%
Technology	19.4%	30.2%
Healthcare	16.4%	3.3%
Consumer Defensive	11.5%	2.5%
Industrials	10.8%	12.5%
Utilities	6.9%	2.0%
Consumer Cyclical	5.7%	5.3%
Energy	5.6%	2.3%
Basic Materials	2.5%	9.5%
Communication Services	0.1%	2.4%
Real Estate	-	4.9%

Return for Risk

DGRO vs. VAPX.L — Risk / Return Rank

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

DGRO

DGRO Risk / Return Rank: 78
DGRO Sharpe Ratio Rank: 80
DGRO Sortino Ratio Rank: 84
DGRO Omega Ratio Rank: 78
DGRO Calmar Ratio Rank: 74
DGRO Martin Ratio Rank: 76

VAPX.L

VAPX.L Risk / Return Rank: 93
VAPX.L Sharpe Ratio Rank: 95
VAPX.L Sortino Ratio Rank: 92
VAPX.L Omega Ratio Rank: 94
VAPX.L Calmar Ratio Rank: 91
VAPX.L Martin Ratio Rank: 91

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Core Dividend Growth ETF (DGRO) 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.

	DGRO	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.32	3.02	-0.70
Sortino ratio: Return per unit of downside risk	3.37	3.68	-0.31
Omega ratio: Gain probability vs. loss probability	1.42	1.54	-0.13
Calmar ratio: Return relative to maximum drawdown	3.40	4.63	-1.23
Martin ratio: Return relative to average drawdown	13.12	17.93	-4.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DGRO vs. VAPX.L - Sharpe Ratio Comparison

The current DGRO Sharpe Ratio is 2.32, which is comparable to the VAPX.L Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of DGRO 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.

Sharpe Ratios by Period

	DGRO	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	3.02	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.55	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.61	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.43	+0.33

Drawdowns

DGRO vs. VAPX.L - Drawdown Comparison

The maximum DGRO drawdown since its inception was -35.10%, smaller than the maximum VAPX.L drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for DGRO and VAPX.L.

Drawdown Indicators

	DGRO	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.10%	-38.96%	+3.86%
Max Drawdown (1Y) Largest decline over 1 year	-6.47%	-15.09%	+8.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-20.38%	+6.35%
Max Drawdown (5Y) Largest decline over 5 years	-19.31%	-31.90%	+12.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.10%	-38.96%	+3.86%
Current Drawdown Current decline from peak	-1.07%	-9.65%	+8.58%
Average Drawdown Average peak-to-trough decline	-3.44%	-10.17%	+6.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	3.91%	-2.24%

Volatility

DGRO vs. VAPX.L - Volatility Comparison

The current volatility for iShares Core Dividend Growth ETF (DGRO) is 2.32%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 12.47%. This indicates that DGRO 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.

Volatility by Period

	DGRO	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.32%	12.47%	-10.15%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	20.85%	-13.90%
Volatility (1Y) Calculated over the trailing 1-year period	9.52%	23.25%	-13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	19.18%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	19.32%	-2.69%

DGRO vs. VAPX.L - Expense Ratio Comparison

DGRO has a 0.08% expense ratio, which is lower than VAPX.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DGRO vs. VAPX.L - Dividend Comparison

DGRO's dividend yield for the trailing twelve months is around 1.96%, more than VAPX.L's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRO iShares Core Dividend Growth ETF	1.96%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	1.91%	2.70%	3.47%	3.53%	4.32%	3.51%	2.08%	3.39%	3.52%	3.10%	2.71%	3.49%

Frequently Asked Questions

Can I hold both DGRO and VAPX.L in my portfolio?

DGRO and VAPX.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DGRO or VAPX.L?

On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DGRO or VAPX.L?

DGRO is cheaper with a 0.08% expense ratio, compared with 0.15% for VAPX.L.

What is the main difference between DGRO and VAPX.L?

DGRO is categorized as Large Cap Growth Equities, while VAPX.L is Asia Pacific Equities. DGRO tracks Morningstar US Dividend Growth Index, 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: 0.08% for DGRO and 0.15% for VAPX.L.