VDPG.L vs. CEMR.DE
VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - VDPG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 5 years, VDPG.L returned 12.82%/yr vs 11.69%/yr for CEMR.DE. A 0.59 correlation means they provide meaningful diversification when combined. VDPG.L charges 0.15%/yr vs 0.25%/yr for CEMR.DE.
Performance
VDPG.L vs. CEMR.DE - Performance Comparison
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Different Trading Currencies
VDPG.L is traded in GBP, while CEMR.DE is traded in EUR. To make them comparable, the CEMR.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDPG.L achieves a 47.65% return, which is significantly higher than CEMR.DE's 7.96% return.
VDPG.L
- 1D
- 4.17%
- 1M
- 2.70%
- YTD
- 47.65%
- 6M
- 52.89%
- 1Y
- 80.98%
- 3Y*
- 24.13%
- 5Y*
- 12.82%
- 10Y*
- —
CEMR.DE
- 1D
- 1.90%
- 1M
- 3.10%
- YTD
- 7.96%
- 6M
- 10.51%
- 1Y
- 23.24%
- 3Y*
- 20.64%
- 5Y*
- 11.69%
- 10Y*
- 13.02%
VDPG.L vs. CEMR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc | 47.65% | 30.58% | -3.06% | 4.10% | -1.89% | 1.95% | 15.56% | -19.58% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 7.96% | 33.87% | 14.79% | 10.51% | -10.68% | 13.51% | 17.10% | 4.07% |
Correlation
The correlation between VDPG.L and CEMR.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.59 |
The correlation between VDPG.L and CEMR.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
VDPG.L vs. CEMR.DE — Risk / Return Rank
VDPG.L
CEMR.DE
VDPG.L vs. CEMR.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 Acc (VDPG.L) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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.
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.
| VDPG.L | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.25 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.87 | 1.82 | +4.05 |
| Martin ratioReturn relative to average drawdown | 20.42 | 6.71 | +13.71 |
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Drawdowns
VDPG.L vs. CEMR.DE - Drawdown Comparison
The maximum VDPG.L drawdown since its inception was -40.69%, which is greater than CEMR.DE's maximum drawdown of -24.16%. Use the drawdown chart below to compare losses from any high point for VDPG.L and CEMR.DE.
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Drawdown Indicators
| VDPG.L | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.69% | -24.16% | -16.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -12.37% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -26.18% | -13.31% | -12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -21.45% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -4.74% | -0.76% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -5.10% | -6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 3.36% | +0.51% |
Volatility
VDPG.L vs. CEMR.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) has a higher volatility of 11.04% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.60%. This indicates that VDPG.L's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDPG.L | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 4.60% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 19.69% | 14.56% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 16.96% | +4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.25% | 16.18% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.27% | 16.38% | +6.89% |
VDPG.L vs. CEMR.DE - Expense Ratio Comparison
VDPG.L has a 0.15% expense ratio, which is lower than CEMR.DE's 0.25% 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
VDPG.L vs. CEMR.DE - Dividend Comparison
Neither VDPG.L nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
VDPG.L and CEMR.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDPG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDPG.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CEMR.DE.
VDPG.L is categorized as Asia Pacific Equities, while CEMR.DE is Momentum. VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while CEMR.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VDPG.L and 0.25% for CEMR.DE.
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