VAPX.AS vs. CPXJ.AS
VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and CPXJ.AS (iShares Core MSCI Pacific ex Japan UCITS ETF) are both Asia Pacific Equities funds - VAPX.AS tracks the MSCI AC Asia Pac Ex JPN NR USD while CPXJ.AS tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, VAPX.AS returned 10.16%/yr vs 7.08%/yr for CPXJ.AS. Their correlation of 0.91 suggests significant overlap in exposure. VAPX.AS charges 0.15%/yr vs 0.20%/yr for CPXJ.AS.
Performance
VAPX.AS vs. CPXJ.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VAPX.AS achieves a 36.92% return, which is significantly higher than CPXJ.AS's 13.48% return. Over the past 10 years, VAPX.AS has outperformed CPXJ.AS with an annualized return of 10.16%, while CPXJ.AS has yielded a comparatively lower 7.08% annualized return.
VAPX.AS
- 1D
- 0.00%
- 1M
- -13.69%
- 6M
- 28.15%
- YTD
- 36.92%
- 1Y
- 56.22%
- 3Y*
- 21.48%
- 5Y*
- 10.86%
- 10Y*
- 10.16%
- ALL TIME*
- 6.43%
CPXJ.AS
- 1D
- 0.00%
- 1M
- 2.96%
- 6M
- 11.50%
- YTD
- 13.48%
- 1Y
- 16.81%
- 3Y*
- 11.93%
- 5Y*
- 6.60%
- 10Y*
- 7.08%
- ALL TIME*
- 6.48%
VAPX.AS vs. CPXJ.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAPX.AS Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF | 36.92% | 24.75% | 0.85% | 6.28% | -6.99% | 9.27% | 9.10% | 18.78% | -9.94% | 15.92% |
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF | 13.48% | 6.69% | 11.90% | 2.33% | -0.55% | 12.79% | -2.03% | 20.23% | -5.97% | 10.75% |
Correlation
The correlation between VAPX.AS and CPXJ.AS is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.91 |
Over the past year, the correlation between VAPX.AS and CPXJ.AS has dropped to 0.67 - well below their long-term average of 0.91, suggesting their price drivers have been diverging.
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Return for Risk
VAPX.AS vs. CPXJ.AS — Risk / Return Rank
VAPX.AS
CPXJ.AS
VAPX.AS vs. CPXJ.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) and iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.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.
| VAPX.AS | CPXJ.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.70 | +0.99 |
| Martin ratioReturn relative to average drawdown | 12.14 | 7.77 | +4.37 |
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Drawdowns
VAPX.AS vs. CPXJ.AS - Drawdown Comparison
The maximum VAPX.AS drawdown since its inception was -36.99%, roughly equal to the maximum CPXJ.AS drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and CPXJ.AS.
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Drawdown Indicators
| VAPX.AS | CPXJ.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -36.83% | -0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -6.20% | -8.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | -19.95% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -19.95% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -36.83% | -0.16% |
Current DrawdownCurrent decline from peak | -14.44% | -0.45% | -13.99% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -6.62% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 2.16% | +2.46% |
Volatility
VAPX.AS vs. CPXJ.AS - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 12.75% compared to iShares Core MSCI Pacific ex Japan UCITS ETF (CPXJ.AS) at 2.34%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than CPXJ.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAPX.AS | CPXJ.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 2.34% | +10.41% |
Volatility (6M)Calculated over the trailing 6-month period | 24.12% | 9.22% | +14.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.01% | 11.81% | +14.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 14.62% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 16.41% | +1.93% |
VAPX.AS vs. CPXJ.AS - Expense Ratio Comparison
VAPX.AS has a 0.15% expense ratio, which is lower than CPXJ.AS's 0.20% 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
VAPX.AS vs. CPXJ.AS - Dividend Comparison
VAPX.AS's dividend yield for the trailing twelve months is around 2.03%, while CPXJ.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPXJ.AS iShares Core MSCI Pacific ex Japan UCITS ETF | 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.AS Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF | 2.03% | 2.75% | 3.42% | 3.54% | 4.46% | 3.45% | 2.06% | 3.31% | 3.57% | 3.16% | 2.85% | 3.53% |
Frequently Asked Questions
VAPX.AS and CPXJ.AS have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAPX.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAPX.AS is cheaper with a 0.15% expense ratio, compared with 0.20% for CPXJ.AS.
VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while CPXJ.AS tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VAPX.AS and 0.20% for CPXJ.AS.
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