VAPX.L vs. 3KOR.L

Last updated Jul 16, 2026

VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both exchange-traded funds - VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares. VAPX.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, VAPX.L returned 21.60%/yr vs 49.40%/yr for 3KOR.L. Their correlation of 0.82 suggests significant overlap in exposure. VAPX.L charges 0.15%/yr vs 0.75%/yr for 3KOR.L.

Performance

VAPX.L vs. 3KOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAPX.L is traded in GBP, while 3KOR.L is traded in USD. To make them comparable, the 3KOR.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VAPX.L achieves a 35.34% return, which is significantly lower than 3KOR.L's 124.48% return.

VAPX.L

• 1D: -2.32%
• 1M: -10.95%
• 6M: 28.36%
• YTD: 35.34%
• 1Y: 56.97%
• 3Y*: 21.60%
• 5Y*: 10.98%
• 10Y*: 10.62%

3KOR.L

• 1D: -11.21%
• 1M: -56.43%
• 6M: 66.70%
• YTD: 124.48%
• 1Y: 375.45%
• 3Y*: 49.40%
• 5Y*: —
• 10Y*: —

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

VAPX.L vs. 3KOR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	35.34%	31.34%	-3.50%	3.89%	-2.85%
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	124.48%	324.15%	-61.68%	9.27%	-54.74%

Correlation

The correlation between VAPX.L and 3KOR.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.82

The correlation between VAPX.L and 3KOR.L has been stable across timeframes, ranging from 0.82 to 0.92 - a consistent structural relationship.

VAPX.L vs. 3KOR.L - Sectors Allocation Comparison

Sectors	VAPX.L	3KOR.L
Technology	39.9%	63.4%
Financial Services	21.4%	7.4%
Industrials	10.4%	15.2%
Basic Materials	8.9%	1.4%
Consumer Cyclical	5.2%	5.5%
Real Estate	4.2%	-
Healthcare	2.6%	2.5%
Consumer Defensive	2.1%	1.3%
Communication Services	2.0%	2.1%
Energy	1.8%	0.9%
Utilities	1.6%	0.3%

Return for Risk

VAPX.L vs. 3KOR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VAPX.L

VAPX.L Risk / Return Rank: 82
VAPX.L Sharpe Ratio Rank: 86
VAPX.L Sortino Ratio Rank: 75
VAPX.L Omega Ratio Rank: 85
VAPX.L Calmar Ratio Rank: 86
VAPX.L Martin Ratio Rank: 80

3KOR.L

3KOR.L Risk / Return Rank: 88
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 78
3KOR.L Omega Ratio Rank: 82
3KOR.L Calmar Ratio Rank: 95
3KOR.L Martin Ratio Rank: 90

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.L vs. 3KOR.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 Distributing (VAPX.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.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.L	3KOR.L	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.90	-0.70
Sortino ratio: Return per unit of downside risk	2.69	2.78	-0.09
Omega ratio: Gain probability vs. loss probability	1.41	1.39	+0.02
Calmar ratio: Return relative to maximum drawdown	3.81	5.76	-1.95
Martin ratio: Return relative to average drawdown	12.19	15.71	-3.52

VAPX.L vs. 3KOR.L - Sharpe Ratio Comparison

The current VAPX.L Sharpe Ratio is 2.20, which is comparable to the 3KOR.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of VAPX.L and 3KOR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VAPX.L vs. 3KOR.L - Drawdown Comparison

The maximum VAPX.L drawdown since its inception was -30.88%, smaller than the maximum 3KOR.L drawdown of -85.83%. Use the drawdown chart below to compare losses from any high point for VAPX.L and 3KOR.L.

Drawdown Indicators

	VAPX.L	3KOR.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.88%	-85.83%	+54.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.89%	-64.70%	+49.81%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	-74.96%	+58.15%
Max Drawdown (5Y) Largest decline over 5 years	-17.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.88%	—	—
Current Drawdown Current decline from peak	-14.89%	-64.70%	+49.81%
Average Drawdown Average peak-to-trough decline	-6.32%	-52.67%	+46.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	23.77%	-19.11%

Volatility

VAPX.L vs. 3KOR.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) is 14.28%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 61.37%. This indicates that VAPX.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAPX.L	3KOR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.28%	61.37%	-47.09%
Volatility (6M) Calculated over the trailing 6-month period	24.12%	119.63%	-95.51%
Volatility (1Y) Calculated over the trailing 1-year period	25.75%	128.33%	-102.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.53%	86.79%	-69.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.03%	86.79%	-68.76%

VAPX.L vs. 3KOR.L - Expense Ratio Comparison

VAPX.L has a 0.15% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.

Dividends

VAPX.L vs. 3KOR.L - Dividend Comparison

VAPX.L's dividend yield for the trailing twelve months is around 2.04%, while 3KOR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	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.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	2.04%	2.70%	3.47%	3.53%	4.32%	3.51%	2.08%	3.39%	3.52%	3.10%	2.71%	3.49%

Frequently Asked Questions

Can I hold both VAPX.L and 3KOR.L in my portfolio?

With a correlation of 0.92, VAPX.L and 3KOR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VAPX.L or 3KOR.L?

On fees, VAPX.L 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.L or 3KOR.L?

VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.75% for 3KOR.L.

What is the main difference between VAPX.L and 3KOR.L?

VAPX.L is categorized as Asia Pacific Equities, while 3KOR.L is South Korea Equities. They also come from different issuers: Vanguard and Leverage Shares. Their fees differ too: 0.15% for VAPX.L and 0.75% for 3KOR.L.