VAPX.AS vs. GLTR

Last updated Jun 5, 2026

VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and GLTR (Aberdeen Standard Physical Precious Metals Basket Shares ETF) are both exchange-traded funds - VAPX.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index. Both are passively managed. Over the past 10 years, VAPX.AS returned 11.61%/yr vs 12.98%/yr for GLTR. At a 0.21 correlation, their price movements are largely independent. VAPX.AS charges 0.15%/yr vs 0.60%/yr for GLTR.

Performance

VAPX.AS vs. GLTR - 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 Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAPX.AS is traded in EUR, while GLTR is traded in USD. To make them comparable, the GLTR 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 50.19% return, which is significantly higher than GLTR's 3.57% return. Over the past 10 years, VAPX.AS has underperformed GLTR with an annualized return of 11.61%, while GLTR has yielded a comparatively higher 12.98% annualized 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%

GLTR

• 1D: 0.78%
• 1M: -0.38%
• YTD: 3.57%
• 6M: 13.11%
• 1Y: 51.11%
• 3Y*: 29.10%
• 5Y*: 16.61%
• 10Y*: 12.98%

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

VAPX.AS vs. GLTR - 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	50.19%	24.27%	0.59%	6.01%	-7.19%	8.72%	8.76%	18.36%	-10.39%	15.47%
GLTR Aberdeen Standard Physical Precious Metals Basket Shares ETF	3.57%	65.03%	28.60%	-1.05%	5.93%	-2.84%	18.84%	23.70%	1.72%	-0.94%

Correlation

The correlation between VAPX.AS and GLTR is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013	0.21

Return for Risk

VAPX.AS vs. GLTR — 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: 93
VAPX.AS Sharpe Ratio Rank: 95
VAPX.AS Sortino Ratio Rank: 93
VAPX.AS Omega Ratio Rank: 94
VAPX.AS Calmar Ratio Rank: 92
VAPX.AS Martin Ratio Rank: 93

GLTR

GLTR Risk / Return Rank: 38
GLTR Sharpe Ratio Rank: 41
GLTR Sortino Ratio Rank: 34
GLTR Omega Ratio Rank: 47
GLTR Calmar Ratio Rank: 37
GLTR Martin Ratio Rank: 29

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. GLTR - 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 Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR). 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	GLTR	Difference
Sharpe ratio: Return per unit of total volatility	3.69	1.43	+2.26
Sortino ratio: Return per unit of downside risk	4.53	1.74	+2.79
Omega ratio: Gain probability vs. loss probability	1.67	1.29	+0.37
Calmar ratio: Return relative to maximum drawdown	6.04	1.89	+4.14
Martin ratio: Return relative to average drawdown	23.49	4.30	+19.18
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. GLTR - Sharpe Ratio Comparison

The current VAPX.AS Sharpe Ratio is 3.69, which is higher than the GLTR Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of VAPX.AS and GLTR, 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

	VAPX.AS	GLTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.69	1.43	+2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.76	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.68	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.41	+0.13

Drawdowns

VAPX.AS vs. GLTR - Drawdown Comparison

The maximum VAPX.AS drawdown since its inception was -36.99%, smaller than the maximum GLTR drawdown of -42.73%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and GLTR.

Drawdown Indicators

	VAPX.AS	GLTR	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	-42.73%	+5.74%
Max Drawdown (1Y) Largest decline over 1 year	-12.96%	-27.14%	+14.18%
Max Drawdown (3Y) Largest decline over 3 years	-19.68%	-27.14%	+7.46%
Max Drawdown (5Y) Largest decline over 5 years	-19.68%	-27.14%	+7.46%
Max Drawdown (10Y) Largest decline over 10 years	-36.99%	-27.14%	-9.85%
Current Drawdown Current decline from peak	-3.68%	-24.02%	+20.34%
Average Drawdown Average peak-to-trough decline	-6.58%	-20.13%	+13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	11.91%	-8.56%

Volatility

VAPX.AS vs. GLTR - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 10.60% compared to Aberdeen Standard Physical Precious Metals Basket Shares ETF (GLTR) at 8.25%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAPX.AS	GLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.60%	8.25%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	18.88%	33.72%	-14.84%
Volatility (1Y) Calculated over the trailing 1-year period	21.20%	35.94%	-14.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	21.94%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.80%	19.05%	-1.25%

VAPX.AS vs. GLTR - Expense Ratio Comparison

VAPX.AS has a 0.15% expense ratio, which is lower than GLTR's 0.60% expense ratio.

Dividends

VAPX.AS vs. GLTR - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLTR Aberdeen Standard Physical Precious Metals Basket Shares 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	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

Can I hold both VAPX.AS and GLTR in my portfolio?

VAPX.AS and GLTR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAPX.AS or GLTR?

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.

Which ETF is cheaper, VAPX.AS or GLTR?

VAPX.AS is cheaper with a 0.15% expense ratio, compared with 0.60% for GLTR.

What is the main difference between VAPX.AS and GLTR?

VAPX.AS is categorized as Asia Pacific Equities, while GLTR is Precious Metals. VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while GLTR tracks ETFS Physical Precious Metals Basket Index. They also come from different issuers: Vanguard and Aberdeen. Their fees differ too: 0.15% for VAPX.AS and 0.60% for GLTR.