VAPX.L vs. ERNS.L
VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and ERNS.L (iShares £ Ultrashort Bond UCITS ETF GBP (Dist)) are both exchange-traded funds - VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while ERNS.L is a Ultrashort Bond fund actively managed by iShares. VAPX.L is passively managed, while ERNS.L is actively managed. Over the past 10 years, VAPX.L returned 12.84%/yr vs 2.20%/yr for ERNS.L. At a 0.06 correlation, their price movements are largely independent. VAPX.L charges 0.15%/yr vs 0.09%/yr for ERNS.L.
Performance
VAPX.L vs. ERNS.L - Performance Comparison
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Returns By Period
In the year-to-date period, VAPX.L achieves a 48.85% return, which is significantly higher than ERNS.L's 1.58% return. Over the past 10 years, VAPX.L has outperformed ERNS.L with an annualized return of 12.84%, while ERNS.L has yielded a comparatively lower 2.20% annualized return.
VAPX.L
- 1D
- -3.09%
- 1M
- 10.87%
- YTD
- 48.85%
- 6M
- 53.84%
- 1Y
- 83.65%
- 3Y*
- 24.61%
- 5Y*
- 12.69%
- 10Y*
- 12.84%
ERNS.L
- 1D
- 0.06%
- 1M
- 0.37%
- YTD
- 1.58%
- 6M
- 2.00%
- 1Y
- 4.44%
- 3Y*
- 5.11%
- 5Y*
- 3.62%
- 10Y*
- 2.20%
VAPX.L vs. ERNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 48.85% | 30.80% | -3.74% | 3.63% | -1.84% | 1.30% | 14.91% | 12.74% | -9.53% | 20.31% |
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 1.58% | 4.84% | 5.54% | 4.76% | 1.54% | 0.13% | 0.77% | 1.27% | 0.58% | 0.57% |
Correlation
The correlation between VAPX.L and ERNS.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013 | 0.06 |
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Return for Risk
VAPX.L vs. ERNS.L — Risk / Return Rank
VAPX.L
ERNS.L
VAPX.L vs. ERNS.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 iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.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.
| VAPX.L | ERNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -4.51 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 2.39 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 6.18 | 20.38 | -14.20 |
| Martin ratioReturn relative to average drawdown | 23.27 | 108.76 | -85.49 |
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.L | ERNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.11 | 5.30 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 4.34 | -3.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 2.38 | -1.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 2.23 | -1.69 |
Drawdowns
VAPX.L vs. ERNS.L - Drawdown Comparison
The maximum VAPX.L drawdown since its inception was -30.88%, which is greater than ERNS.L's maximum drawdown of -1.51%. Use the drawdown chart below to compare losses from any high point for VAPX.L and ERNS.L.
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Drawdown Indicators
| VAPX.L | ERNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.88% | -1.51% | -29.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.47% | -0.22% | -13.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -0.22% | -16.66% |
Max Drawdown (5Y)Largest decline over 5 years | -18.04% | -0.36% | -17.68% |
Max Drawdown (10Y)Largest decline over 10 years | -30.88% | -1.51% | -29.37% |
Current DrawdownCurrent decline from peak | -3.50% | 0.00% | -3.50% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -0.05% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 0.04% | +3.54% |
Volatility
VAPX.L vs. ERNS.L - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a higher volatility of 10.22% compared to iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) at 0.36%. This indicates that VAPX.L's price experiences larger fluctuations and is considered to be riskier than ERNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAPX.L | ERNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.22% | 0.36% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 17.90% | 0.68% | +17.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 0.84% | +19.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 0.83% | +15.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 0.92% | +16.47% |
VAPX.L vs. ERNS.L - Expense Ratio Comparison
VAPX.L has a 0.15% expense ratio, which is higher than ERNS.L's 0.09% expense ratio. However, 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.L vs. ERNS.L - Dividend Comparison
VAPX.L's dividend yield for the trailing twelve months is around 1.54%, less than ERNS.L's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNS.L iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 5.65% | 4.65% | 5.42% | 4.54% | 1.14% | 0.28% | 0.75% | 1.04% | 0.74% | 0.52% | 0.81% | 0.72% |
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.54% | 2.36% | 3.20% | 3.30% | 4.12% | 2.99% | 1.81% | 3.28% | 3.55% | 3.07% | 2.71% | 3.45% |
Frequently Asked Questions
VAPX.L and ERNS.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ERNS.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ERNS.L is cheaper with a 0.09% expense ratio, compared with 0.15% for VAPX.L.
VAPX.L is categorized as Asia Pacific Equities, while ERNS.L is Ultrashort Bond. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VAPX.L and 0.09% for ERNS.L.
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