V3PB.L vs. XUSE.AS
V3PB.L (Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating) and XUSE.AS (iShares MSCI World ex-USA UCITS ETF) are both exchange-traded funds - V3PB.L is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Choice Index, while XUSE.AS is a Global Equities fund tracking the MSCI World ex USA Index. Both are passively managed. Over the past year, V3PB.L returned 48.20% vs 23.66% for XUSE.AS. A 0.72 correlation means they provide meaningful diversification when combined. V3PB.L charges 0.17%/yr vs 0.25%/yr for XUSE.AS.
Performance
V3PB.L vs. XUSE.AS - Performance Comparison
Loading charts...
Different Trading Currencies
V3PB.L is traded in GBP, while XUSE.AS is traded in USD. To make them comparable, the XUSE.AS 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 28.26% return, which is significantly higher than XUSE.AS's 10.46% return.
V3PB.L
- 1D
- 0.00%
- 1M
- -3.39%
- 6M
- 23.25%
- YTD
- 28.26%
- 1Y
- 48.20%
- 3Y*
- 19.76%
- 5Y*
- —
- 10Y*
- —
XUSE.AS
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 7.49%
- YTD
- 10.46%
- 1Y
- 23.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
V3PB.L vs. XUSE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
V3PB.L Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating | 28.26% | 16.78% |
XUSE.AS iShares MSCI World ex-USA UCITS ETF | 10.46% | 16.50% |
Correlation
The correlation between V3PB.L and XUSE.AS is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2025 | 0.72 |
The correlation between V3PB.L and XUSE.AS has been stable across timeframes, ranging from 0.71 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
V3PB.L vs. XUSE.AS — Risk / Return Rank
V3PB.L
XUSE.AS
V3PB.L vs. XUSE.AS - 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 iShares MSCI World ex-USA UCITS ETF (XUSE.AS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| V3PB.L | XUSE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.05 | 2.43 | +1.62 |
| Martin ratioReturn relative to average drawdown | 12.77 | 8.89 | +3.87 |
Loading charts...
Drawdowns
V3PB.L vs. XUSE.AS - Drawdown Comparison
The maximum V3PB.L drawdown since its inception was -15.03%, which is greater than XUSE.AS's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for V3PB.L and XUSE.AS.
Loading charts...
Drawdown Indicators
| V3PB.L | XUSE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -12.78% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -9.60% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | — | — |
Current DrawdownCurrent decline from peak | -7.70% | -1.45% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -1.76% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.64% | +1.15% |
Volatility
V3PB.L vs. XUSE.AS - Volatility Comparison
Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating (V3PB.L) has a higher volatility of 10.62% compared to iShares MSCI World ex-USA UCITS ETF (XUSE.AS) at 3.85%. This indicates that V3PB.L's price experiences larger fluctuations and is considered to be riskier than XUSE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| V3PB.L | XUSE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.62% | 3.85% | +6.77% |
Volatility (6M)Calculated over the trailing 6-month period | 19.23% | 11.77% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.46% | 13.51% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 14.53% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 14.53% | +2.33% |
V3PB.L vs. XUSE.AS - Expense Ratio Comparison
V3PB.L has a 0.17% expense ratio, which is lower than XUSE.AS's 0.25% 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
V3PB.L vs. XUSE.AS - Dividend Comparison
Neither V3PB.L nor XUSE.AS has paid dividends to shareholders.
Frequently Asked Questions
V3PB.L and XUSE.AS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
V3PB.L is cheaper with a 0.17% expense ratio, compared with 0.25% for XUSE.AS.
V3PB.L is categorized as Asia Pacific Equities, while XUSE.AS is Global Equities. V3PB.L tracks FTSE Developed Asia Pacific All Cap Choice Index, while XUSE.AS tracks MSCI World ex USA Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.17% for V3PB.L and 0.25% for XUSE.AS.
Find the right allocation for V3PB.L and XUSE.AS
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