V3PB.L vs. XMTW.L

Last updated Jun 5, 2026

V3PB.L (Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating) and XMTW.L (Xtrackers MSCI Taiwan UCITS ETF 1C) are both Asia Pacific Equities funds - V3PB.L tracks the FTSE Developed Asia Pacific All Cap Choice Index while XMTW.L tracks the MSCI Taiwan NR USD. Both are passively managed. Over the past 3 years, V3PB.L returned 19.25%/yr vs 41.00%/yr for XMTW.L. A 0.59 correlation means they provide meaningful diversification when combined. V3PB.L charges 0.17%/yr vs 0.65%/yr for XMTW.L.

Performance

V3PB.L vs. XMTW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating (V3PB.L) and Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

V3PB.L is traded in GBP, while XMTW.L is traded in GBp. To make them comparable, the XMTW.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, V3PB.L achieves a 30.39% return, which is significantly lower than XMTW.L's 67.90% return.

V3PB.L

• 1D: -2.23%
• 1M: 10.60%
• YTD: 30.39%
• 6M: 32.51%
• 1Y: 54.32%
• 3Y*: 19.25%
• 5Y*: —
• 10Y*: —

XMTW.L

• 1D: -1.55%
• 1M: 14.93%
• YTD: 67.90%
• 6M: 73.86%
• 1Y: 118.61%
• 3Y*: 41.00%
• 5Y*: 23.21%
• 10Y*: 23.25%

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

V3PB.L vs. XMTW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
V3PB.L Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating	30.39%	21.87%	3.24%	8.19%	-6.18%
XMTW.L Xtrackers MSCI Taiwan UCITS ETF 1C	67.90%	23.98%	25.99%	21.66%	4.16%

Correlation

The correlation between V3PB.L and XMTW.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.59

The correlation between V3PB.L and XMTW.L has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

Return for Risk

V3PB.L vs. XMTW.L — Risk / Return Rank

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

V3PB.L

V3PB.L Risk / Return Rank: 87
V3PB.L Sharpe Ratio Rank: 90
V3PB.L Sortino Ratio Rank: 89
V3PB.L Omega Ratio Rank: 90
V3PB.L Calmar Ratio Rank: 84
V3PB.L Martin Ratio Rank: 82

XMTW.L

XMTW.L Risk / Return Rank: 97
XMTW.L Sharpe Ratio Rank: 98
XMTW.L Sortino Ratio Rank: 97
XMTW.L Omega Ratio Rank: 97
XMTW.L Calmar Ratio Rank: 98
XMTW.L Martin Ratio Rank: 96

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.

V3PB.L vs. XMTW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating (V3PB.L) and Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.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.

	V3PB.L	XMTW.L	Difference
Sharpe ratio: Return per unit of total volatility	3.00	5.22	-2.22
Sortino ratio: Return per unit of downside risk	3.99	5.92	-1.93
Omega ratio: Gain probability vs. loss probability	1.56	1.84	-0.27
Calmar ratio: Return relative to maximum drawdown	4.52	13.03	-8.50
Martin ratio: Return relative to average drawdown	16.28	36.03	-19.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3PB.L vs. XMTW.L - Sharpe Ratio Comparison

The current V3PB.L Sharpe Ratio is 3.00, which is lower than the XMTW.L Sharpe Ratio of 5.22. The chart below compares the historical Sharpe Ratios of V3PB.L and XMTW.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

	V3PB.L	XMTW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	5.22	-2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.66	+0.28

Drawdowns

V3PB.L vs. XMTW.L - Drawdown Comparison

The maximum V3PB.L drawdown since its inception was -15.03%, smaller than the maximum XMTW.L drawdown of -47.86%. Use the drawdown chart below to compare losses from any high point for V3PB.L and XMTW.L.

Drawdown Indicators

	V3PB.L	XMTW.L	Difference
Max Drawdown Largest peak-to-trough decline	-15.03%	-47.86%	+32.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-9.05%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-15.03%	-28.76%	+13.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-30.18%	—
Current Drawdown Current decline from peak	-2.23%	-1.57%	-0.66%
Average Drawdown Average peak-to-trough decline	-3.40%	-8.70%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	3.28%	+0.05%

Volatility

V3PB.L vs. XMTW.L - Volatility Comparison

The current volatility for Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating (V3PB.L) is 7.65%, while Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) has a volatility of 9.41%. This indicates that V3PB.L experiences smaller price fluctuations and is considered to be less risky than XMTW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3PB.L	XMTW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	9.41%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	18.21%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	22.59%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.95%	20.47%	-4.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.95%	20.06%	-4.11%

V3PB.L vs. XMTW.L - Expense Ratio Comparison

V3PB.L has a 0.17% expense ratio, which is lower than XMTW.L's 0.65% expense ratio.

Dividends

V3PB.L vs. XMTW.L - Dividend Comparison

Neither V3PB.L nor XMTW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both V3PB.L and XMTW.L in my portfolio?

V3PB.L and XMTW.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, V3PB.L or XMTW.L?

On fees, V3PB.L is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, V3PB.L or XMTW.L?

V3PB.L is cheaper with a 0.17% expense ratio, compared with 0.65% for XMTW.L.

What is the main difference between V3PB.L and XMTW.L?

V3PB.L tracks FTSE Developed Asia Pacific All Cap Choice Index, while XMTW.L tracks MSCI Taiwan NR USD. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.17% for V3PB.L and 0.65% for XMTW.L.