VERX.L vs. VAPX.L

Last updated Jun 26, 2026

VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - VERX.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while VAPX.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD. Both are passively managed. Over the past 10 years, VERX.L returned 11.39%/yr vs 13.08%/yr for VAPX.L. A 0.69 correlation means they provide meaningful diversification when combined. VERX.L charges 0.10%/yr vs 0.15%/yr for VAPX.L.

Performance

VERX.L vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VERX.L achieves a 9.47% return, which is significantly lower than VAPX.L's 52.76% return. Over the past 10 years, VERX.L has underperformed VAPX.L with an annualized return of 11.39%, while VAPX.L has yielded a comparatively higher 13.08% annualized return.

VERX.L

• 1D: 0.80%
• 1M: 2.48%
• YTD: 9.47%
• 6M: 9.91%
• 1Y: 23.92%
• 3Y*: 15.55%
• 5Y*: 9.67%
• 10Y*: 11.39%

VAPX.L

• 1D: 2.06%
• 1M: 4.45%
• YTD: 52.76%
• 6M: 55.06%
• 1Y: 83.41%
• 3Y*: 27.43%
• 5Y*: 13.43%
• 10Y*: 13.08%

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

VERX.L vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	9.47%	26.33%	2.69%	15.21%	-7.06%	16.11%	8.53%	20.51%	-9.70%	16.56%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	52.76%	31.34%	-3.50%	3.89%	-1.65%	1.83%	15.31%	12.85%	-9.57%	20.38%

Correlation

The correlation between VERX.L and VAPX.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014	0.69

The correlation between VERX.L and VAPX.L shifts across timeframes, from 0.54 (1 year) to 0.70 (10 years), reflecting how their relationship changes across market environments.

VERX.L vs. VAPX.L - Sectors Allocation Comparison

Sectors	VERX.L	VAPX.L
Financial Services	23.7%	21.4%
Industrials	21.2%	10.4%
Healthcare	12.6%	2.6%
Technology	12.1%	39.9%
Consumer Cyclical	7.5%	5.2%
Consumer Defensive	6.4%	2.1%
Basic Materials	4.7%	8.9%
Utilities	4.5%	1.6%
Energy	3.1%	1.8%
Communication Services	3.1%	2.0%
Real Estate	1.1%	4.2%

Return for Risk

VERX.L vs. VAPX.L — Risk / Return Rank

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

VERX.L

VERX.L Risk / Return Rank: 58
VERX.L Sharpe Ratio Rank: 63
VERX.L Sortino Ratio Rank: 64
VERX.L Omega Ratio Rank: 65
VERX.L Calmar Ratio Rank: 48
VERX.L Martin Ratio Rank: 50

VAPX.L

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

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.

VERX.L vs. VAPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.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.

	VERX.L	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	3.58	-1.77
Sortino ratio: Return per unit of downside risk	2.60	4.10	-1.50
Omega ratio: Gain probability vs. loss probability	1.34	1.65	-0.31
Calmar ratio: Return relative to maximum drawdown	2.12	6.19	-4.07
Martin ratio: Return relative to average drawdown	7.61	21.53	-13.92

VERX.L vs. VAPX.L - Sharpe Ratio Comparison

The current VERX.L Sharpe Ratio is 1.82, which is lower than the VAPX.L Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of VERX.L and VAPX.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

VERX.L vs. VAPX.L - Drawdown Comparison

The maximum VERX.L drawdown since its inception was -27.65%, smaller than the maximum VAPX.L drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for VERX.L and VAPX.L.

Drawdown Indicators

	VERX.L	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.65%	-30.88%	+3.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.24%	-13.41%	+2.17%
Max Drawdown (3Y) Largest decline over 3 years	-13.25%	-16.81%	+3.56%
Max Drawdown (5Y) Largest decline over 5 years	-20.31%	-17.55%	-2.76%
Max Drawdown (10Y) Largest decline over 10 years	-27.65%	-30.88%	+3.23%
Current Drawdown Current decline from peak	-0.37%	-3.93%	+3.56%
Average Drawdown Average peak-to-trough decline	-4.56%	-6.30%	+1.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	3.86%	-0.73%

Volatility

VERX.L vs. VAPX.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) is 3.27%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 12.87%. This indicates that VERX.L experiences smaller price fluctuations and is considered to be less risky than VAPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERX.L	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	12.87%	-9.60%
Volatility (6M) Calculated over the trailing 6-month period	11.04%	21.25%	-10.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	23.15%	-10.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.80%	16.81%	-2.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.55%	17.71%	-2.16%

VERX.L vs. VAPX.L - Expense Ratio Comparison

VERX.L has a 0.10% expense ratio, which is lower than VAPX.L's 0.15% 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

VERX.L vs. VAPX.L - Dividend Comparison

VERX.L's dividend yield for the trailing twelve months is around 2.49%, more than VAPX.L's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	1.81%	2.70%	3.47%	3.53%	4.32%	3.51%	2.08%	3.39%	3.52%	3.10%	2.71%	3.49%
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	2.49%	2.62%	2.94%	2.72%	2.92%	2.33%	1.97%	2.95%	3.14%	2.68%	2.64%	2.56%

Frequently Asked Questions

Can I hold both VERX.L and VAPX.L in my portfolio?

VERX.L and VAPX.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VERX.L or VAPX.L?

On fees, VERX.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, VERX.L or VAPX.L?

VERX.L is cheaper with a 0.10% expense ratio, compared with 0.15% for VAPX.L.

What is the main difference between VERX.L and VAPX.L?

VERX.L is categorized as Europe Equities, while VAPX.L is Asia Pacific Equities. VERX.L tracks MSCI Europe Ex UK NR EUR, while VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD. Their fees differ too: 0.10% for VERX.L and 0.15% for VAPX.L.