VDPG.L vs. LGAP.L

Last updated Jul 18, 2026

VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) are both Asia Pacific Equities funds - VDPG.L tracks the MSCI AC Asia Pac Ex JPN NR USD while LGAP.L tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, VDPG.L returned 10.46%/yr vs 5.84%/yr for LGAP.L. Their correlation of 0.82 suggests significant overlap in exposure. VDPG.L charges 0.15%/yr vs 0.10%/yr for LGAP.L.

Performance

VDPG.L vs. LGAP.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 L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDPG.L is traded in GBP, while LGAP.L is traded in USD. To make them comparable, the LGAP.L 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 32.17% return, which is significantly higher than LGAP.L's 8.82% return.

VDPG.L

• 1D: -0.88%
• 1M: -14.24%
• 6M: 23.05%
• YTD: 32.17%
• 1Y: 53.12%
• 3Y*: 20.59%
• 5Y*: 10.46%
• 10Y*: —

LGAP.L

• 1D: -0.79%
• 1M: -2.17%
• 6M: 5.38%
• YTD: 8.82%
• 1Y: 13.02%
• 3Y*: 10.73%
• 5Y*: 5.84%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	32.17%	30.58%	-3.06%	4.10%	-1.89%	1.95%	15.56%	-19.58%
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)	8.82%	12.35%	6.50%	-0.42%	5.57%	3.84%	5.25%	-1.64%

Correlation

The correlation between VDPG.L and LGAP.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.82

Over the past year, the correlation between VDPG.L and LGAP.L has dropped to 0.60 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.

Return for Risk

VDPG.L vs. LGAP.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: 78
VDPG.L Sharpe Ratio Rank: 82
VDPG.L Sortino Ratio Rank: 72
VDPG.L Omega Ratio Rank: 82
VDPG.L Calmar Ratio Rank: 78
VDPG.L Martin Ratio Rank: 76

LGAP.L

LGAP.L Risk / Return Rank: 36
LGAP.L Sharpe Ratio Rank: 34
LGAP.L Sortino Ratio Rank: 36
LGAP.L Omega Ratio Rank: 32
LGAP.L Calmar Ratio Rank: 40
LGAP.L Martin Ratio Rank: 36

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. LGAP.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 L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.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	LGAP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.02	+1.05
Sortino ratio: Return per unit of downside risk	2.56	1.55	+1.01
Omega ratio: Gain probability vs. loss probability	1.38	1.19	+0.19
Calmar ratio: Return relative to maximum drawdown	3.13	1.84	+1.30
Martin ratio: Return relative to average drawdown	10.76	4.79	+5.97

VDPG.L vs. LGAP.L - Sharpe Ratio Comparison

The current VDPG.L Sharpe Ratio is 2.07, which is higher than the LGAP.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of VDPG.L and LGAP.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.

Drawdowns

VDPG.L vs. LGAP.L - Drawdown Comparison

The maximum VDPG.L drawdown since its inception was -40.69%, which is greater than LGAP.L's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for VDPG.L and LGAP.L.

Drawdown Indicators

	VDPG.L	LGAP.L	Difference
Max Drawdown Largest peak-to-trough decline	-40.69%	-32.02%	-8.67%
Max Drawdown (1Y) Largest decline over 1 year	-16.87%	-7.06%	-9.81%
Max Drawdown (3Y) Largest decline over 3 years	-26.18%	-17.57%	-8.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.18%	-18.59%	-7.59%
Current Drawdown Current decline from peak	-16.87%	-2.86%	-14.01%
Average Drawdown Average peak-to-trough decline	-11.19%	-5.98%	-5.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	2.71%	+2.21%

Volatility

VDPG.L vs. LGAP.L - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) has a higher volatility of 12.79% compared to L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) at 3.00%. This indicates that VDPG.L's price experiences larger fluctuations and is considered to be riskier than LGAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDPG.L	LGAP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.79%	3.00%	+9.79%
Volatility (6M) Calculated over the trailing 6-month period	23.93%	10.48%	+13.45%
Volatility (1Y) Calculated over the trailing 1-year period	25.52%	12.70%	+12.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.10%	15.20%	+6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.70%	17.53%	+6.17%

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

VDPG.L has a 0.15% expense ratio, which is higher than LGAP.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

VDPG.L vs. LGAP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

VDPG.L and LGAP.L have a correlation of 0.60, 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 LGAP.L?

On fees, LGAP.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, VDPG.L or LGAP.L?

LGAP.L is cheaper with a 0.10% expense ratio, compared with 0.15% for VDPG.L.

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

VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while LGAP.L tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. They also come from different issuers: Vanguard and L&G. Their fees differ too: 0.15% for VDPG.L and 0.10% for LGAP.L.