VAPX.AS vs. VWRL.AS
VAPX.AS (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both exchange-traded funds - VAPX.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while VWRL.AS is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VAPX.AS returned 11.61%/yr vs 12.39%/yr for VWRL.AS. A 0.80 correlation means they provide meaningful diversification when combined. VAPX.AS charges 0.15%/yr vs 0.19%/yr for VWRL.AS.
Performance
VAPX.AS vs. VWRL.AS - Performance Comparison
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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 VWRL.AS's 12.89% return. Over the past 10 years, VAPX.AS has underperformed VWRL.AS with an annualized return of 11.61%, while VWRL.AS has yielded a comparatively higher 12.39% 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%
VWRL.AS
- 1D
- -0.19%
- 1M
- 5.02%
- YTD
- 12.89%
- 6M
- 13.40%
- 1Y
- 26.44%
- 3Y*
- 17.84%
- 5Y*
- 12.29%
- 10Y*
- 12.39%
VAPX.AS vs. VWRL.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 | 50.19% | 24.27% | 0.59% | 6.01% | -7.19% | 8.72% | 8.76% | 18.36% | -10.39% | 15.47% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 12.89% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
Correlation
The correlation between VAPX.AS and VWRL.AS is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2013 | 0.80 |
The correlation between VAPX.AS and VWRL.AS has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
VAPX.AS vs. VWRL.AS — Risk / Return Rank
VAPX.AS
VWRL.AS
VAPX.AS vs. VWRL.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 Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.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.
| VAPX.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.44 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.04 | 4.00 | +2.04 |
| Martin ratioReturn relative to average drawdown | 23.49 | 16.48 | +7.00 |
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 | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.69 | 2.34 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.88 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.77 | -0.23 |
Drawdowns
VAPX.AS vs. VWRL.AS - Drawdown Comparison
The maximum VAPX.AS drawdown since its inception was -36.99%, which is greater than VWRL.AS's maximum drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for VAPX.AS and VWRL.AS.
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Drawdown Indicators
| VAPX.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -33.27% | -3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -12.96% | -6.53% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -21.00% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -21.00% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | -36.99% | -33.27% | -3.72% |
Current DrawdownCurrent decline from peak | -3.68% | -0.61% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -4.38% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 1.59% | +1.76% |
Volatility
VAPX.AS vs. VWRL.AS - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (VAPX.AS) has a higher volatility of 10.60% compared to Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) at 3.07%. This indicates that VAPX.AS's price experiences larger fluctuations and is considered to be riskier than VWRL.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 | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 3.07% | +7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 18.88% | 8.03% | +10.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.20% | 11.16% | +10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 13.70% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 14.82% | +2.98% |
VAPX.AS vs. VWRL.AS - Expense Ratio Comparison
VAPX.AS has a 0.15% expense ratio, which is lower than VWRL.AS's 0.19% 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. VWRL.AS - Dividend Comparison
VAPX.AS's dividend yield for the trailing twelve months is around 1.55%, more than VWRL.AS's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
VAPX.AS and VWRL.AS have a correlation of 0.71, 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 0.19% for VWRL.AS.
VAPX.AS is categorized as Asia Pacific Equities, while VWRL.AS is Global Equities. VAPX.AS tracks MSCI AC Asia Pac Ex JPN NR USD, while VWRL.AS tracks FTSE All-World Index. Their fees differ too: 0.15% for VAPX.AS and 0.19% for VWRL.AS.
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