VAPX.L vs. ETSZ.DE
VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and ETSZ.DE (BNP Paribas Easy STOXX Europe 600 UCITS ETF) are both exchange-traded funds - VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while ETSZ.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, VAPX.L returned 12.48%/yr vs 10.22%/yr for ETSZ.DE. A 0.66 correlation means they provide meaningful diversification when combined. VAPX.L charges 0.15%/yr vs 0.20%/yr for ETSZ.DE.
Performance
VAPX.L vs. ETSZ.DE - Performance Comparison
Loading charts...
Different Trading Currencies
VAPX.L is traded in GBP, while ETSZ.DE is traded in EUR. To make them comparable, the ETSZ.DE 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 40.82% return, which is significantly higher than ETSZ.DE's 6.35% return. Over the past 10 years, VAPX.L has outperformed ETSZ.DE with an annualized return of 12.48%, while ETSZ.DE has yielded a comparatively lower 10.22% annualized return.
VAPX.L
- 1D
- 0.30%
- 1M
- 0.03%
- YTD
- 40.82%
- 6M
- 44.79%
- 1Y
- 72.72%
- 3Y*
- 22.66%
- 5Y*
- 11.85%
- 10Y*
- 12.48%
ETSZ.DE
- 1D
- 0.66%
- 1M
- 2.53%
- YTD
- 6.35%
- 6M
- 8.77%
- 1Y
- 18.75%
- 3Y*
- 13.87%
- 5Y*
- 9.76%
- 10Y*
- 10.22%
VAPX.L vs. ETSZ.DE - 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 | 40.82% | 31.34% | -3.50% | 3.89% | -1.65% | 1.83% | 15.31% | 12.85% | -9.57% | 20.38% |
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS ETF | 6.35% | 26.70% | 3.50% | 13.30% | -5.40% | 16.08% | 4.07% | 22.16% | -9.92% | 15.35% |
Correlation
The correlation between VAPX.L and ETSZ.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | 0.66 |
The correlation between VAPX.L and ETSZ.DE shifts across timeframes, from 0.50 (1 year) to 0.67 (10 years), reflecting how their relationship changes across market environments.
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.L vs. ETSZ.DE — Risk / Return Rank
VAPX.L
ETSZ.DE
VAPX.L vs. ETSZ.DE - 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 BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE). 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 | ETSZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.29 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 1.85 | +3.54 |
| Martin ratioReturn relative to average drawdown | 19.83 | 6.76 | +13.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VAPX.L | ETSZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.43 | 1.54 | +1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.68 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.67 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.57 | -0.04 |
Drawdowns
VAPX.L vs. ETSZ.DE - Drawdown Comparison
The maximum VAPX.L drawdown since its inception was -30.88%, which is greater than ETSZ.DE's maximum drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for VAPX.L and ETSZ.DE.
Loading charts...
Drawdown Indicators
| VAPX.L | ETSZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.88% | -27.68% | -3.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -10.36% | -3.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.81% | -13.90% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -17.55% | -16.82% | -0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -30.88% | -27.68% | -3.20% |
Current DrawdownCurrent decline from peak | -8.79% | -1.39% | -7.40% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -4.24% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.85% | +0.81% |
Volatility
VAPX.L vs. ETSZ.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a higher volatility of 11.60% compared to BNP Paribas Easy STOXX Europe 600 UCITS ETF (ETSZ.DE) at 4.09%. This indicates that VAPX.L's price experiences larger fluctuations and is considered to be riskier than ETSZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VAPX.L | ETSZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 4.09% | +7.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.95% | 10.55% | +8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.14% | 12.47% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.22% | 14.26% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.48% | 15.16% | +2.32% |
VAPX.L vs. ETSZ.DE - Expense Ratio Comparison
VAPX.L has a 0.15% expense ratio, which is lower than ETSZ.DE's 0.20% 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.L vs. ETSZ.DE - Dividend Comparison
VAPX.L's dividend yield for the trailing twelve months is around 1.91%, while ETSZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETSZ.DE BNP Paribas Easy STOXX Europe 600 UCITS 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.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.91% | 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
VAPX.L and ETSZ.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.20% for ETSZ.DE.
VAPX.L is categorized as Asia Pacific Equities, while ETSZ.DE is Europe Equities. VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD, while ETSZ.DE tracks STOXX® Europe 600. They also come from different issuers: Vanguard and BNP Paribas. Their fees differ too: 0.15% for VAPX.L and 0.20% for ETSZ.DE.
Find the right allocation for VAPX.L and ETSZ.DE
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