MEUD.L vs. VAPX.L

Last updated Jun 9, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, 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, MEUD.L returned 10.52%/yr vs 12.48%/yr for VAPX.L. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

MEUD.L vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.

Different Trading Currencies

MEUD.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, MEUD.L achieves a 6.17% return, which is significantly lower than VAPX.L's 40.82% return. Over the past 10 years, MEUD.L has underperformed VAPX.L with an annualized return of 10.52%, while VAPX.L has yielded a comparatively higher 12.48% annualized return.

MEUD.L

• 1D: 0.06%
• 1M: 2.27%
• YTD: 6.17%
• 6M: 8.63%
• 1Y: 18.55%
• 3Y*: 14.23%
• 5Y*: 9.58%
• 10Y*: 10.52%

VAPX.L

• 1D: 0.30%
• 1M: 0.03%
• YTD: 40.82%
• 6M: 44.79%
• 1Y: 72.72%
• 3Y*: 22.66%
• 5Y*: 11.85%
• 10Y*: 12.48%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	6.17%	26.51%	3.65%	13.48%	-5.04%	17.06%	3.85%	20.40%	-9.59%	15.43%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	40.82%	31.34%	-3.50%	3.89%	-1.65%	1.83%	15.31%	12.85%	-9.57%	20.38%

Correlation

The correlation between MEUD.L and VAPX.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.70

The correlation between MEUD.L and VAPX.L shifts across timeframes, from 0.53 (1 year) to 0.70 (10 years), reflecting how their relationship changes across market environments.

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

Sectors	MEUD.L	VAPX.L
Financial Services	23.9%	25.3%
Industrials	20.3%	12.5%
Healthcare	12.6%	3.3%
Technology	9.4%	30.2%
Consumer Defensive	7.7%	2.5%
Consumer Cyclical	7.1%	5.3%
Energy	5.3%	2.3%
Basic Materials	5.1%	9.5%
Utilities	4.4%	2.0%
Communication Services	3.0%	2.4%
Real Estate	1.2%	4.9%

Return for Risk

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

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

MEUD.L

MEUD.L Risk / Return Rank: 46
MEUD.L Sharpe Ratio Rank: 49
MEUD.L Sortino Ratio Rank: 48
MEUD.L Omega Ratio Rank: 51
MEUD.L Calmar Ratio Rank: 39
MEUD.L Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.

	MEUD.L	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.52	3.43	-1.91
Sortino ratio: Return per unit of downside risk	2.15	4.10	-1.95
Omega ratio: Gain probability vs. loss probability	1.29	1.63	-0.34
Calmar ratio: Return relative to maximum drawdown	1.75	5.40	-3.64
Martin ratio: Return relative to average drawdown	6.35	19.83	-13.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MEUD.L Sharpe Ratio is 1.52, which is lower than the VAPX.L Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of MEUD.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.

Sharpe Ratios by Period

	MEUD.L	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	3.43	-1.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.73	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.71	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.53	-0.08

Drawdowns

MEUD.L vs. VAPX.L - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, smaller than the maximum VAPX.L drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for MEUD.L and VAPX.L.

Drawdown Indicators

	MEUD.L	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.57%	-30.88%	+2.31%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-13.41%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	-16.81%	+4.20%
Max Drawdown (5Y) Largest decline over 5 years	-17.09%	-17.55%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-28.57%	-30.88%	+2.31%
Current Drawdown Current decline from peak	-1.71%	-8.79%	+7.08%
Average Drawdown Average peak-to-trough decline	-6.90%	-6.31%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	3.66%	-0.75%

Volatility

MEUD.L vs. VAPX.L - Volatility Comparison

The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.16%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 11.60%. This indicates that MEUD.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.

Volatility by Period

	MEUD.L	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	11.60%	-8.44%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	18.95%	-8.75%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	21.14%	-8.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	16.22%	-0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	17.48%	-0.54%

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

Both MEUD.L and VAPX.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MEUD.L vs. VAPX.L - Dividend Comparison

MEUD.L has not paid dividends to shareholders, while VAPX.L's dividend yield for the trailing twelve months is around 1.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF 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	1.91%	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 MEUD.L and VAPX.L in my portfolio?

MEUD.L and VAPX.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEUD.L or VAPX.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEUD.L or VAPX.L?

MEUD.L and VAPX.L have the same expense ratio: 0.15% per year.

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

MEUD.L is categorized as Europe Equities, while VAPX.L is Asia Pacific Equities. MEUD.L tracks MSCI Europe NR EUR, while VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: Amundi and Vanguard.