VAPX.L vs. VMID.L

Last updated Jun 5, 2026

VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and VMID.L (Vanguard FTSE 250 UCITS ETF Distributing) are both exchange-traded funds - VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while VMID.L is a Europe Equities fund tracking the FTSE 250 Ex Investment Trust TR GBP. Both are passively managed. Over the past 10 years, VAPX.L returned 12.84%/yr vs 5.85%/yr for VMID.L. A 0.59 correlation means they provide meaningful diversification when combined. VAPX.L charges 0.15%/yr vs 0.10%/yr for VMID.L.

Performance

VAPX.L vs. VMID.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 Vanguard FTSE 250 UCITS ETF Distributing (VMID.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VAPX.L achieves a 48.85% return, which is significantly higher than VMID.L's 5.14% return. Over the past 10 years, VAPX.L has outperformed VMID.L with an annualized return of 12.84%, while VMID.L has yielded a comparatively lower 5.85% 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%

VMID.L

• 1D: 0.59%
• 1M: 4.12%
• YTD: 5.14%
• 6M: 7.30%
• 1Y: 14.06%
• 3Y*: 10.30%
• 5Y*: 3.36%
• 10Y*: 5.85%

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

VAPX.L vs. VMID.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%
VMID.L Vanguard FTSE 250 UCITS ETF Distributing	5.14%	12.87%	7.42%	8.16%	-17.36%	16.04%	-4.93%	29.17%	-13.15%	17.24%

Correlation

The correlation between VAPX.L and VMID.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014	0.59

The correlation between VAPX.L and VMID.L shifts across timeframes, from 0.46 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

VAPX.L vs. VMID.L - Sectors Allocation Comparison

Sectors	VAPX.L	VMID.L
Technology	30.2%	9.4%
Financial Services	25.3%	19.4%
Industrials	12.5%	19.9%
Basic Materials	9.5%	6.6%
Consumer Cyclical	5.3%	13.3%
Real Estate	4.9%	9.4%
Healthcare	3.3%	4.4%
Consumer Defensive	2.5%	6.1%
Communication Services	2.4%	5.9%
Energy	2.3%	2.5%
Utilities	2.0%	3.0%

Return for Risk

VAPX.L vs. VMID.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: 94
VAPX.L Sharpe Ratio Rank: 96
VAPX.L Sortino Ratio Rank: 95
VAPX.L Omega Ratio Rank: 95
VAPX.L Calmar Ratio Rank: 92
VAPX.L Martin Ratio Rank: 92

VMID.L

VMID.L Risk / Return Rank: 30
VMID.L Sharpe Ratio Rank: 31
VMID.L Sortino Ratio Rank: 32
VMID.L Omega Ratio Rank: 32
VMID.L Calmar Ratio Rank: 26
VMID.L Martin Ratio Rank: 31

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. VMID.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 Vanguard FTSE 250 UCITS ETF Distributing (VMID.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	VMID.L	Difference
Sharpe ratio: Return per unit of total volatility	4.11	1.13	+2.98
Sortino ratio: Return per unit of downside risk	4.98	1.70	+3.28
Omega ratio: Gain probability vs. loss probability	1.75	1.21	+0.54
Calmar ratio: Return relative to maximum drawdown	6.18	1.21	+4.96
Martin ratio: Return relative to average drawdown	23.27	4.35	+18.92
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. VMID.L - Sharpe Ratio Comparison

The current VAPX.L Sharpe Ratio is 4.11, which is higher than the VMID.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of VAPX.L and VMID.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.

Sharpe Ratios by Period

	VAPX.L	VMID.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.11	1.13	+2.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.22	+0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.35	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.40	+0.14

Drawdowns

VAPX.L vs. VMID.L - Drawdown Comparison

The maximum VAPX.L drawdown since its inception was -30.88%, smaller than the maximum VMID.L drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for VAPX.L and VMID.L.

Drawdown Indicators

	VAPX.L	VMID.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.88%	-41.85%	+10.97%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-11.55%	-1.92%
Max Drawdown (3Y) Largest decline over 3 years	-16.88%	-15.97%	-0.91%
Max Drawdown (5Y) Largest decline over 5 years	-18.04%	-29.51%	+11.47%
Max Drawdown (10Y) Largest decline over 10 years	-30.88%	-41.85%	+10.97%
Current Drawdown Current decline from peak	-3.50%	-0.83%	-2.67%
Average Drawdown Average peak-to-trough decline	-6.47%	-7.80%	+1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	3.23%	+0.35%

Volatility

VAPX.L vs. VMID.L - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a higher volatility of 10.22% compared to Vanguard FTSE 250 UCITS ETF Distributing (VMID.L) at 3.80%. This indicates that VAPX.L's price experiences larger fluctuations and is considered to be riskier than VMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAPX.L	VMID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.22%	3.80%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	17.90%	10.23%	+7.67%
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	12.41%	+7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	15.18%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.39%	16.53%	+0.86%

VAPX.L vs. VMID.L - Expense Ratio Comparison

VAPX.L has a 0.15% expense ratio, which is higher than VMID.L's 0.10% 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. VMID.L - Dividend Comparison

VAPX.L's dividend yield for the trailing twelve months is around 1.54%, less than VMID.L's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VMID.L Vanguard FTSE 250 UCITS ETF Distributing	3.65%	3.90%	3.30%	3.41%	3.30%	2.55%	2.08%	2.82%	3.59%	3.19%	3.08%	3.09%

Frequently Asked Questions

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

VAPX.L and VMID.L have a correlation of 0.46, 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 VMID.L?

On fees, VMID.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAPX.L or VMID.L?

VMID.L is cheaper with a 0.10% expense ratio, compared with 0.15% for VAPX.L.

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

VAPX.L is categorized as Asia Pacific Equities, while VMID.L is Europe Equities. VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD, while VMID.L tracks FTSE 250 Ex Investment Trust TR GBP. Their fees differ too: 0.15% for VAPX.L and 0.10% for VMID.L.