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VAPX.AS vs. ESIN.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VAPX.AS vs. ESIN.DE

Last updated Jun 5, 2026

VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and ESIN.DE (iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - VAPX.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while ESIN.DE is a Industrials Equities fund tracking the MSCI World/Materials NR USD. Both are passively managed. Over the past 5 years, VAPX.AS returned 12.51%/yr vs 12.86%/yr for ESIN.DE. A 0.61 correlation means they provide meaningful diversification when combined. VAPX.AS charges 0.15%/yr vs 0.18%/yr for ESIN.DE.

Performance

VAPX.AS vs. ESIN.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) and iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VAPX.AS achieves a 50.19% return, which is significantly higher than ESIN.DE's 8.75% return.

VAPX.AS

1D
-3.34%
1M
10.58%
YTD
50.19%
6M
55.62%
1Y
79.45%
3Y*
24.50%
5Y*
12.51%
10Y*
11.61%

ESIN.DE

1D
0.51%
1M
0.39%
YTD
8.75%
6M
11.05%
1Y
15.27%
3Y*
19.52%
5Y*
12.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VAPX.AS vs. ESIN.DE - Yearly Performance Comparison

2026 (YTD)20252024202320222021
VAPX.AS
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF		50.19%24.27%0.59%6.01%-7.19%0.50%
ESIN.DE
iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)		8.75%25.30%14.45%26.98%-16.86%13.86%

Correlation

The correlation between VAPX.AS and ESIN.DE is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.61

Correlation (All Time)
Calculated using the full available price history since May 19, 2021

0.61

The correlation between VAPX.AS and ESIN.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.

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Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF

iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc)

Often compared with VAPX.AS:
VAPX.AS vs. EEMAVAPX.AS vs. V3PA.DEVAPX.AS vs. VOOVAPX.AS vs. IDAP.LVAPX.AS vs. PRFVAPX.AS vs. VUGVAPX.AS vs. AIA
Often compared with ESIN.DE:
ESIN.DE vs. ESIN.LESIN.DE vs. LSMC.DEESIN.DE vs. EXUS.DEESIN.DE vs. SPYY.DEESIN.DE vs. VWCE.DEESIN.DE vs. LYP6.DEESIN.DE vs. VUAA.L

Return for Risk

VAPX.AS vs. ESIN.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VAPX.AS
VAPX.AS Risk / Return Rank: 9393
Overall Rank
VAPX.AS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VAPX.AS Sortino Ratio Rank: 9393
Sortino Ratio Rank
VAPX.AS Omega Ratio Rank: 9494
Omega Ratio Rank
VAPX.AS Calmar Ratio Rank: 9292
Calmar Ratio Rank
VAPX.AS Martin Ratio Rank: 9393
Martin Ratio Rank
ESIN.DE
ESIN.DE Risk / Return Rank: 2525
Overall Rank
ESIN.DE Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ESIN.DE Sortino Ratio Rank: 2424
Sortino Ratio Rank
ESIN.DE Omega Ratio Rank: 2323
Omega Ratio Rank
ESIN.DE Calmar Ratio Rank: 2525
Calmar Ratio Rank
ESIN.DE Martin Ratio Rank: 3030
Martin Ratio Rank
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.

VAPX.AS vs. ESIN.DE - 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 Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE). 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.ASESIN.DEDifference
Sharpe ratioReturn per unit of total volatility
3.69
0.78

+2.92

Sortino ratioReturn per unit of downside risk
4.53
1.27

+3.26

Omega ratioGain probability vs. loss probability

1.67

1.15

+0.52

Calmar ratioReturn relative to maximum drawdown

6.04

1.16

+4.88

Martin ratioReturn relative to average drawdown

23.49

4.21

+19.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAPX.AS vs. ESIN.DE - Sharpe Ratio Comparison

The current VAPX.AS Sharpe Ratio is 3.69, which is higher than the ESIN.DE Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of VAPX.AS and ESIN.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VAPX.ASESIN.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.69

0.78

+2.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.67

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.64

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.70

-0.16

Drawdowns

VAPX.AS vs. ESIN.DE - Drawdown Comparison

The maximum VAPX.AS drawdown since its inception was -36.99%, which is greater than ESIN.DE's maximum drawdown of -29.12%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and ESIN.DE.

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Drawdown Indicators

VAPX.ASESIN.DEDifference

Max Drawdown

Largest peak-to-trough decline

-36.99%

-29.12%

-7.87%

Max Drawdown (1Y)

Largest decline over 1 year

-12.96%

-13.11%

+0.15%

Max Drawdown (3Y)

Largest decline over 3 years

-19.68%

-18.30%

-1.38%

Max Drawdown (5Y)

Largest decline over 5 years

-19.68%

-29.12%

+9.44%

Max Drawdown (10Y)

Largest decline over 10 years

-36.99%

—

—

Current Drawdown

Current decline from peak

-3.68%

-2.69%

-0.99%

Average Drawdown

Average peak-to-trough decline

-6.58%

-6.30%

-0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.35%

3.61%

-0.26%

Volatility

VAPX.AS vs. ESIN.DE - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 10.60% compared to iShares MSCI Europe Industrials Sector UCITS ETF EUR (Acc) (ESIN.DE) at 6.37%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than ESIN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VAPX.ASESIN.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.60%

6.37%

+4.23%

Volatility (6M)

Calculated over the trailing 6-month period

18.88%

16.51%

+2.37%

Volatility (1Y)

Calculated over the trailing 1-year period

21.20%

19.60%

+1.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.69%

18.85%

-2.16%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.80%

18.81%

-1.01%

VAPX.AS vs. ESIN.DE - Expense Ratio Comparison

VAPX.AS has a 0.15% expense ratio, which is lower than ESIN.DE's 0.18% 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. ESIN.DE - Dividend Comparison

VAPX.AS's dividend yield for the trailing twelve months is around 1.55%, while ESIN.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ESIN.DE
iShares MSCI Europe Industrials Sector UCITS ETF EUR (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.AS
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF		1.55%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 ESIN.DE have a correlation of 0.56, 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 0.18% for ESIN.DE.

VAPX.AS is categorized as Asia Pacific Equities, while ESIN.DE is Industrials Equities. VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while ESIN.DE tracks MSCI World/Materials NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VAPX.AS and 0.18% for ESIN.DE.

Portfolio Optimizer

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