VAPX.L vs. QQQI

Last updated Jun 9, 2026

VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and QQQI (NEOS Nasdaq-100 High Income 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 QQQI is a Nasdaq-100 fund actively managed by Neos. VAPX.L is passively managed, while QQQI is actively managed. Over the past year, VAPX.L returned 72.72% vs 27.58% for QQQI. At a 0.38 correlation, their price movements are largely independent. VAPX.L charges 0.15%/yr vs 0.68%/yr for QQQI.

Performance

VAPX.L vs. QQQI - 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 NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAPX.L is traded in GBP, while QQQI is traded in USD. To make them comparable, the QQQI 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 QQQI's 11.00% 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%

QQQI

• 1D: 1.24%
• 1M: 2.11%
• YTD: 11.00%
• 6M: 9.07%
• 1Y: 27.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VAPX.L vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	40.82%	31.34%	1.67%
QQQI NEOS Nasdaq-100 High Income ETF	11.00%	10.17%	21.61%

Correlation

The correlation between VAPX.L and QQQI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.38

VAPX.L vs. QQQI - Sectors Allocation Comparison

Sectors	VAPX.L	QQQI
Technology	30.2%	53.3%
Financial Services	25.3%	0.3%
Industrials	12.5%	3.3%
Basic Materials	9.5%	1.2%
Consumer Cyclical	5.3%	12.1%
Real Estate	4.9%	0.1%
Healthcare	3.3%	4.3%
Consumer Defensive	2.5%	7.7%
Communication Services	2.4%	15.7%
Energy	2.3%	0.7%
Utilities	2.0%	1.5%

Return for Risk

VAPX.L vs. QQQI — 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: 93
VAPX.L Sharpe Ratio Rank: 95
VAPX.L Sortino Ratio Rank: 92
VAPX.L Omega Ratio Rank: 94
VAPX.L Calmar Ratio Rank: 91
VAPX.L Martin Ratio Rank: 91

QQQI

QQQI Risk / Return Rank: 64
QQQI Sharpe Ratio Rank: 63
QQQI Sortino Ratio Rank: 58
QQQI Omega Ratio Rank: 66
QQQI Calmar Ratio Rank: 60
QQQI Martin Ratio Rank: 71

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. QQQI - 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 NEOS Nasdaq-100 High Income ETF (QQQI). 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	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	3.43	2.10	+1.33
Sortino ratio: Return per unit of downside risk	4.10	2.68	+1.42
Omega ratio: Gain probability vs. loss probability	1.63	1.39	+0.24
Calmar ratio: Return relative to maximum drawdown	5.40	3.19	+2.20
Martin ratio: Return relative to average drawdown	19.83	10.51	+9.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAPX.L vs. QQQI - Sharpe Ratio Comparison

The current VAPX.L Sharpe Ratio is 3.43, which is higher than the QQQI Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of VAPX.L and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAPX.L	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.43	2.10	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.07	-0.54

Drawdowns

VAPX.L vs. QQQI - Drawdown Comparison

The maximum VAPX.L drawdown since its inception was -30.88%, which is greater than QQQI's maximum drawdown of -21.94%. Use the drawdown chart below to compare losses from any high point for VAPX.L and QQQI.

Drawdown Indicators

	VAPX.L	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-30.88%	-21.94%	-8.94%
Max Drawdown (1Y) Largest decline over 1 year	-13.41%	-8.67%	-4.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.81%	—	—
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	-8.79%	-2.54%	-6.25%
Average Drawdown Average peak-to-trough decline	-6.31%	-3.50%	-2.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.66%	2.63%	+1.03%

Volatility

VAPX.L vs. QQQI - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a higher volatility of 11.60% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 4.47%. This indicates that VAPX.L's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAPX.L	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	4.47%	+7.13%
Volatility (6M) Calculated over the trailing 6-month period	18.95%	9.64%	+9.31%
Volatility (1Y) Calculated over the trailing 1-year period	21.14%	13.20%	+7.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	17.28%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	17.28%	+0.20%

VAPX.L vs. QQQI - Expense Ratio Comparison

VAPX.L has a 0.15% expense ratio, which is lower than QQQI's 0.68% expense ratio.

Dividends

VAPX.L vs. QQQI - Dividend Comparison

VAPX.L's dividend yield for the trailing twelve months is around 1.91%, less than QQQI's 13.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QQQI NEOS Nasdaq-100 High Income ETF	13.61%	13.82%	12.85%	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

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

VAPX.L and QQQI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAPX.L or QQQI?

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 QQQI?

VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.68% for QQQI.

What is the main difference between VAPX.L and QQQI?

VAPX.L is categorized as Asia Pacific Equities, while QQQI is Nasdaq-100. They also come from different issuers: Vanguard and Neos. Their fees differ too: 0.15% for VAPX.L and 0.68% for QQQI.