VDPG.L vs. VGK

Last updated Jun 5, 2026

VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and VGK (Vanguard FTSE Europe 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 VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 5 years, VDPG.L returned 13.72%/yr vs 9.65%/yr for VGK. A 0.52 correlation means they provide meaningful diversification when combined. VDPG.L charges 0.15%/yr vs 0.06%/yr for VGK.

Performance

VDPG.L vs. VGK - 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 Vanguard FTSE Europe ETF (VGK). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VDPG.L is traded in GBP, while VGK is traded in USD. To make them comparable, the VGK 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 53.85% return, which is significantly higher than VGK's 7.25% return.

VDPG.L

• 1D: -0.73%
• 1M: 15.08%
• YTD: 53.85%
• 6M: 59.61%
• 1Y: 91.14%
• 3Y*: 26.43%
• 5Y*: 13.72%
• 10Y*: —

VGK

• 1D: 1.13%
• 1M: 3.26%
• YTD: 7.25%
• 6M: 9.19%
• 1Y: 19.71%
• 3Y*: 14.09%
• 5Y*: 9.65%
• 10Y*: 10.17%

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

VDPG.L vs. VGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc	53.85%	30.58%	-3.05%	4.09%	-1.89%	1.95%	15.56%	1.01%
VGK Vanguard FTSE Europe ETF	7.25%	26.16%	3.65%	14.18%	-5.99%	18.00%	2.33%	2.57%

Correlation

The correlation between VDPG.L and VGK is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.52

The correlation between VDPG.L and VGK shifts across timeframes, from 0.40 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.

VDPG.L vs. VGK - Sectors Allocation Comparison

Sectors	VDPG.L	VGK
Technology	30.2%	8.3%
Financial Services	25.3%	23.9%
Industrials	12.5%	19.5%
Basic Materials	9.5%	5.4%
Consumer Cyclical	5.3%	6.8%
Real Estate	4.9%	1.5%
Healthcare	3.3%	12.1%
Consumer Defensive	2.5%	8.5%
Communication Services	2.4%	3.3%
Energy	2.3%	5.3%
Utilities	2.0%	4.8%

Return for Risk

VDPG.L vs. VGK — 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: 95
VDPG.L Sharpe Ratio Rank: 97
VDPG.L Sortino Ratio Rank: 96
VDPG.L Omega Ratio Rank: 96
VDPG.L Calmar Ratio Rank: 93
VDPG.L Martin Ratio Rank: 94

VGK

VGK Risk / Return Rank: 34
VGK Sharpe Ratio Rank: 34
VGK Sortino Ratio Rank: 35
VGK Omega Ratio Rank: 33
VGK Calmar Ratio Rank: 32
VGK Martin Ratio Rank: 38

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. VGK - 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 Vanguard FTSE Europe ETF (VGK). 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	VGK	Difference
Sharpe ratio: Return per unit of total volatility	4.56	1.55	+3.01
Sortino ratio: Return per unit of downside risk	5.38	2.20	+3.18
Omega ratio: Gain probability vs. loss probability	1.81	1.28	+0.53
Calmar ratio: Return relative to maximum drawdown	6.87	1.78	+5.08
Martin ratio: Return relative to average drawdown	25.62	6.94	+18.68
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. VGK - Sharpe Ratio Comparison

The current VDPG.L Sharpe Ratio is 4.56, which is higher than the VGK Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of VDPG.L and VGK, 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

	VDPG.L	VGK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.56	1.55	+3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.68	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	0.33	+0.42

Drawdowns

VDPG.L vs. VGK - Drawdown Comparison

The maximum VDPG.L drawdown since its inception was -30.11%, smaller than the maximum VGK drawdown of -45.00%. Use the drawdown chart below to compare losses from any high point for VDPG.L and VGK.

Drawdown Indicators

	VDPG.L	VGK	Difference
Max Drawdown Largest peak-to-trough decline	-30.11%	-45.00%	+14.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-11.11%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-16.71%	-13.11%	-3.60%
Max Drawdown (5Y) Largest decline over 5 years	-17.64%	-17.68%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-30.91%	—
Current Drawdown Current decline from peak	-0.73%	-0.77%	+0.04%
Average Drawdown Average peak-to-trough decline	-5.88%	-7.01%	+1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	2.85%	+0.76%

Volatility

VDPG.L vs. VGK - Volatility Comparison

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) has a higher volatility of 10.34% compared to Vanguard FTSE Europe ETF (VGK) at 4.59%. This indicates that VDPG.L's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VDPG.L	VGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.34%	4.59%	+5.75%
Volatility (6M) Calculated over the trailing 6-month period	17.86%	10.71%	+7.15%
Volatility (1Y) Calculated over the trailing 1-year period	20.26%	12.78%	+7.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	14.32%	+1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	16.53%	+1.88%

VDPG.L vs. VGK - Expense Ratio Comparison

VDPG.L has a 0.15% expense ratio, which is higher than VGK's 0.06% 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. VGK - Dividend Comparison

VDPG.L has not paid dividends to shareholders, while VGK's dividend yield for the trailing twelve months is around 2.79%.

Position	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%
VGK Vanguard FTSE Europe ETF	2.79%	2.86%	3.61%	3.15%	3.25%	3.05%	2.11%	3.27%	3.95%	2.70%	3.52%	3.25%

Frequently Asked Questions

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

VDPG.L and VGK have a correlation of 0.40, 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 VGK?

On fees, VGK is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VDPG.L or VGK?

VGK is cheaper with a 0.06% expense ratio, compared with 0.15% for VDPG.L.

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

VDPG.L is categorized as Asia Pacific Equities, while VGK is Europe Equities. VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while VGK tracks FTSE Developed Europe All Cap Index. Their fees differ too: 0.15% for VDPG.L and 0.06% for VGK.