VDPG.L vs. EWA

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) and iShares MSCI-Australia ETF (EWA).

VDPG.L and EWA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VDPG.L is a passively managed fund by Vanguard that tracks the performance of the MSCI AC Asia Pac Ex JPN NR USD. It was launched on Sep 24, 2019. EWA is a passively managed fund by iShares that tracks the performance of the MSCI Australia Index. It was launched on Mar 18, 1996. Both VDPG.L and EWA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VDPG.L vs. EWA - 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 MSCI-Australia ETF (EWA). The values are adjusted to include any dividend payments, if applicable.

VDPG.L vs. EWA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	11.14%	30.58%	-3.05%	4.09%	-1.89%	1.95%	15.56%	1.01%
EWA iShares MSCI-Australia ETF	9.03%	5.28%	3.38%	8.12%	5.27%	9.97%	5.11%	-3.61%

Different Trading Currencies

VDPG.L is traded in GBP, while EWA is traded in USD. To make them comparable, the EWA 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 11.14% return, which is significantly higher than EWA's 9.03% return.

VDPG.L

• 1D: -1.12%
• 1M: -11.68%
• YTD: 11.14%
• 6M: 20.93%
• 1Y: 45.88%
• 3Y*: 13.35%
• 5Y*: 7.22%
• 10Y*: —

EWA

• 1D: 0.96%
• 1M: -5.08%
• YTD: 9.03%
• 6M: 7.01%
• 1Y: 19.27%
• 3Y*: 8.23%
• 5Y*: 7.45%
• 10Y*: 9.02%

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

VDPG.L vs. EWA - Expense Ratio Comparison

VDPG.L has a 0.15% expense ratio, which is lower than EWA's 0.50% expense ratio.

EWA

iShares MSCI-Australia ETF

VDPG.L

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc

Return for Risk

VDPG.L vs. EWA — 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: 95
VDPG.L Omega Ratio Rank: 96
VDPG.L Calmar Ratio Rank: 91
VDPG.L Martin Ratio Rank: 90

EWA

EWA Risk / Return Rank: 61
EWA Sharpe Ratio Rank: 58
EWA Sortino Ratio Rank: 57
EWA Omega Ratio Rank: 59
EWA Calmar Ratio Rank: 69
EWA Martin Ratio Rank: 64

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. EWA - 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 MSCI-Australia ETF (EWA). 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.

	VDPG.L	EWA	Difference
Sharpe ratio Return per unit of total volatility	2.68	1.02	+1.66
Sortino ratio Return per unit of downside risk	3.21	1.49	+1.72
Omega ratio Gain probability vs. loss probability	1.50	1.23	+0.27
Calmar ratio Return relative to maximum drawdown	3.41	1.82	+1.59
Martin ratio Return relative to average drawdown	12.71	6.49	+6.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VDPG.L vs. EWA - Sharpe Ratio Comparison

The current VDPG.L Sharpe Ratio is 2.68, which is higher than the EWA Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of VDPG.L and EWA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VDPG.L	EWA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	1.02	+1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.46	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.27	+0.21

Correlation

The correlation between VDPG.L and EWA is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VDPG.L vs. EWA - Dividend Comparison

VDPG.L has not paid dividends to shareholders, while EWA's dividend yield for the trailing twelve months is around 2.99%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EWA iShares MSCI-Australia ETF	2.99%	3.21%	3.71%	3.72%	5.28%	5.08%	2.02%	3.97%	6.11%	4.44%	4.03%	5.48%

Drawdowns

VDPG.L vs. EWA - Drawdown Comparison

The maximum VDPG.L drawdown since its inception was -30.11%, smaller than the maximum EWA drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for VDPG.L and EWA.

Drawdown Indicators

	VDPG.L	EWA	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-66.98%	+36.87%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-12.85%	-0.60%
Max Drawdown (5Y) Largest decline over 5 years	-17.64%	-24.87%	+7.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.54%	—
Current Drawdown Current decline from peak	-13.45%	-6.86%	-6.59%
Average Drawdown Average peak-to-trough decline	-5.97%	-11.38%	+5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	3.50%	+0.11%

Volatility

VDPG.L vs. EWA - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) has a higher volatility of 9.64% compared to iShares MSCI-Australia ETF (EWA) at 6.98%. This indicates that VDPG.L's price experiences larger fluctuations and is considered to be riskier than EWA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDPG.L	EWA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.64%	6.98%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	14.29%	11.12%	+3.17%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	19.01%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.90%	16.25%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	21.03%	-3.14%