VDPG.L vs. DFEU.L

Last updated Jun 14, 2026

VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - VDPG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index. Both are passively managed. At a 0.26 correlation, their price movements are largely independent. VDPG.L charges 0.15%/yr vs 0.35%/yr for DFEU.L.

Performance

VDPG.L vs. DFEU.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 Acc (VDPG.L) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VDPG.L achieves a 47.65% return, which is significantly higher than DFEU.L's 3.58% 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*: —

DFEU.L

• 1D: 0.00%
• 1M: 4.74%
• YTD: 3.58%
• 6M: 4.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VDPG.L vs. DFEU.L - Yearly Performance Comparison

	2026 (YTD)	2025
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	47.65%	19.05%
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating	3.58%	-14.38%

Correlation

The correlation between VDPG.L and DFEU.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025	0.26

Return for Risk

VDPG.L vs. DFEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VDPG.L

VDPG.L Risk / Return Rank: 94
VDPG.L Sharpe Ratio Rank: 96
VDPG.L Sortino Ratio Rank: 94
VDPG.L Omega Ratio Rank: 95
VDPG.L Calmar Ratio Rank: 93
VDPG.L Martin Ratio Rank: 92

DFEU.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

VDPG.L vs. DFEU.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 Acc (VDPG.L) and iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.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.

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	DFEU.L	Difference
Sharpe ratio: Return per unit of total volatility	3.62	—	—
Sortino ratio: Return per unit of downside risk	4.28	—	—
Omega ratio: Gain probability vs. loss probability	1.65	—	—
Calmar ratio: Return relative to maximum drawdown	5.87	—	—
Martin ratio: Return relative to average drawdown	20.42	—	—

Drawdowns

VDPG.L vs. DFEU.L - Drawdown Comparison

The maximum VDPG.L drawdown since its inception was -40.69%, which is greater than DFEU.L's maximum drawdown of -23.78%. Use the drawdown chart below to compare losses from any high point for VDPG.L and DFEU.L.

Drawdown Indicators

	VDPG.L	DFEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.69%	-23.78%	-16.91%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.18%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	—	—
Current Drawdown Current decline from peak	-4.74%	-14.72%	+9.98%
Average Drawdown Average peak-to-trough decline	-11.24%	-11.47%	+0.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	—	—

Volatility

Volatility by Period

	VDPG.L	DFEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.82%	38.83%	-17.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	38.83%	-17.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.27%	38.83%	-15.56%

VDPG.L vs. DFEU.L - Expense Ratio Comparison

VDPG.L has a 0.15% expense ratio, which is lower than DFEU.L's 0.35% expense ratio.

Dividends

VDPG.L vs. DFEU.L - Dividend Comparison

Neither VDPG.L nor DFEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VDPG.L and DFEU.L in my portfolio?

VDPG.L and DFEU.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VDPG.L or DFEU.L?

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.

Which ETF is cheaper, VDPG.L or DFEU.L?

VDPG.L is cheaper with a 0.15% expense ratio, compared with 0.35% for DFEU.L.

What is the main difference between VDPG.L and DFEU.L?

VDPG.L is categorized as Asia Pacific Equities, while DFEU.L is Aerospace & Defense. VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while DFEU.L tracks STOXX Europe Targeted Defence Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VDPG.L and 0.35% for DFEU.L.