VAPX.AS vs. EEMA
VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and EEMA (iShares MSCI Emerging Markets Asia ETF) are both Asia Pacific Equities funds - VAPX.AS tracks the MSCI AC Asia Pac Ex JPN NR USD while EEMA tracks the MSCI Emerging Markets Asia Index. Both are passively managed. Over the past 10 years, VAPX.AS returned 12.16%/yr vs 10.57%/yr for EEMA. A 0.67 correlation means they provide meaningful diversification when combined. VAPX.AS charges 0.15%/yr vs 0.50%/yr for EEMA.
Performance
VAPX.AS vs. EEMA - Performance Comparison
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Different Trading Currencies
VAPX.AS is traded in EUR, while EEMA is traded in USD. To make them comparable, the EEMA values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAPX.AS achieves a 55.39% return, which is significantly higher than EEMA's 29.31% return. Over the past 10 years, VAPX.AS has outperformed EEMA with an annualized return of 12.16%, while EEMA has yielded a comparatively lower 10.57% annualized return.
VAPX.AS
- 1D
- -0.35%
- 1M
- 17.80%
- YTD
- 55.39%
- 6M
- 61.24%
- 1Y
- 87.40%
- 3Y*
- 25.92%
- 5Y*
- 13.28%
- 10Y*
- 12.16%
EEMA
- 1D
- -0.95%
- 1M
- 9.78%
- YTD
- 29.31%
- 6M
- 31.68%
- 1Y
- 53.65%
- 3Y*
- 20.79%
- 5Y*
- 8.05%
- 10Y*
- 10.57%
VAPX.AS vs. EEMA - 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 | 55.39% | 24.27% | 0.59% | 6.01% | -7.19% | 8.72% | 8.76% | 18.36% | -10.39% | 15.47% |
EEMA iShares MSCI Emerging Markets Asia ETF | 29.31% | 17.45% | 17.51% | 3.37% | -16.62% | 2.95% | 14.86% | 21.28% | -11.81% | 25.78% |
Correlation
The correlation between VAPX.AS and EEMA is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013 | 0.67 |
The correlation between VAPX.AS and EEMA has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
VAPX.AS vs. EEMA — Risk / Return Rank
VAPX.AS
EEMA
VAPX.AS vs. EEMA - 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 MSCI Emerging Markets Asia ETF (EEMA). 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.
| VAPX.AS | EEMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.50 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.64 | 4.61 | +2.03 |
| Martin ratioReturn relative to average drawdown | 25.89 | 16.28 | +9.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VAPX.AS | EEMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.12 | 2.80 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.43 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.53 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.42 | +0.13 |
Drawdowns
VAPX.AS vs. EEMA - Drawdown Comparison
The maximum VAPX.AS drawdown since its inception was -36.99%, roughly equal to the maximum EEMA drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and EEMA.
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Drawdown Indicators
| VAPX.AS | EEMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -36.20% | -0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -11.70% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -20.09% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -28.11% | +8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -31.93% | -5.06% |
Current DrawdownCurrent decline from peak | -0.35% | -0.95% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -10.74% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 3.31% | +0.03% |
Volatility
VAPX.AS vs. EEMA - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 10.29% compared to iShares MSCI Emerging Markets Asia ETF (EEMA) at 7.80%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than EEMA 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 | EEMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 7.80% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 18.49% | 16.00% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.91% | 19.28% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 18.87% | -2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 20.13% | -2.36% |
VAPX.AS vs. EEMA - Expense Ratio Comparison
VAPX.AS has a 0.15% expense ratio, which is lower than EEMA's 0.50% expense ratio.
Dividends
VAPX.AS vs. EEMA - Dividend Comparison
VAPX.AS's dividend yield for the trailing twelve months is around 1.50%, more than EEMA's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMA iShares MSCI Emerging Markets Asia ETF | 1.16% | 1.48% | 1.74% | 2.02% | 1.78% | 2.19% | 1.15% | 1.86% | 2.17% | 1.74% | 1.74% | 2.44% |
VAPX.AS Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF | 1.50% | 2.41% | 3.16% | 3.28% | 4.23% | 2.95% | 1.80% | 2.96% | 3.03% | 2.78% | 2.57% | 3.20% |
Frequently Asked Questions
VAPX.AS and EEMA have a correlation of 0.68, 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 0.50% for EEMA.
VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while EEMA tracks MSCI Emerging Markets Asia Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VAPX.AS and 0.50% for EEMA.
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