VAPX.AS vs. IWVL.L
VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (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 IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, VAPX.AS returned 12.48%/yr vs 13.53%/yr for IWVL.L. A 0.72 correlation means they provide meaningful diversification when combined. VAPX.AS charges 0.15%/yr vs 0.25%/yr for IWVL.L.
Performance
VAPX.AS vs. IWVL.L - Performance Comparison
Loading charts...
Different Trading Currencies
VAPX.AS is traded in EUR, while IWVL.L is traded in USD. To make them comparable, the IWVL.L 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 51.90% return, which is significantly higher than IWVL.L's 38.34% return. Over the past 10 years, VAPX.AS has underperformed IWVL.L with an annualized return of 12.48%, while IWVL.L has yielded a comparatively higher 13.53% annualized return.
VAPX.AS
- 1D
- 0.00%
- 1M
- 2.90%
- YTD
- 51.90%
- 6M
- 54.19%
- 1Y
- 78.39%
- 3Y*
- 26.43%
- 5Y*
- 12.96%
- 10Y*
- 12.48%
IWVL.L
- 1D
- 2.11%
- 1M
- 4.04%
- YTD
- 38.34%
- 6M
- 39.27%
- 1Y
- 68.39%
- 3Y*
- 27.72%
- 5Y*
- 17.85%
- 10Y*
- 13.53%
VAPX.AS vs. IWVL.L - 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 | 51.90% | 24.75% | 0.85% | 6.28% | -6.99% | 9.27% | 9.10% | 18.78% | -9.94% | 15.92% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 38.34% | 23.76% | 12.07% | 15.95% | -4.20% | 29.10% | -11.61% | 20.80% | -10.00% | 7.53% |
Correlation
The correlation between VAPX.AS and IWVL.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.72 |
The correlation between VAPX.AS and IWVL.L has been stable across timeframes, ranging from 0.66 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
VAPX.AS vs. IWVL.L — Risk / Return Rank
VAPX.AS
IWVL.L
VAPX.AS vs. IWVL.L - 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 Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). 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 | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.77 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 6.05 | 9.85 | -3.80 |
| Martin ratioReturn relative to average drawdown | 21.81 | 38.15 | -16.34 |
Loading charts...
Drawdowns
VAPX.AS vs. IWVL.L - Drawdown Comparison
The maximum VAPX.AS drawdown since its inception was -36.99%, roughly equal to the maximum IWVL.L drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and IWVL.L.
Loading charts...
Drawdown Indicators
| VAPX.AS | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -35.49% | -1.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -6.91% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.60% | -16.98% | -2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.60% | -16.98% | -2.62% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -35.49% | -1.50% |
Current DrawdownCurrent decline from peak | -5.08% | -0.38% | -4.70% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -5.85% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.79% | +1.79% |
Volatility
VAPX.AS vs. IWVL.L - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 12.03% compared to iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) at 6.04%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VAPX.AS | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.03% | 6.04% | +5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 21.53% | 13.64% | +7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.53% | 15.98% | +7.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 15.03% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 16.62% | +1.44% |
VAPX.AS vs. IWVL.L - Expense Ratio Comparison
VAPX.AS has a 0.15% expense ratio, which is lower than IWVL.L'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
VAPX.AS vs. IWVL.L - Dividend Comparison
VAPX.AS's dividend yield for the trailing twelve months is around 1.83%, while IWVL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (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 | 1.83% | 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 IWVL.L have a correlation of 0.66, 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 0.25% for IWVL.L.
VAPX.AS is categorized as Asia Pacific Equities, while IWVL.L is Global Equities. VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VAPX.AS and 0.25% for IWVL.L.
Find the right allocation for VAPX.AS and IWVL.L
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