VEUA.L vs. V3PA.DE
VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and V3PA.DE (Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating) are both exchange-traded funds - VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while V3PA.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Choice. Both are passively managed. Over the past 3 years, VEUA.L returned 14.21%/yr vs 19.48%/yr for V3PA.DE. A 0.59 correlation means they provide meaningful diversification when combined. VEUA.L charges 0.10%/yr vs 0.17%/yr for V3PA.DE.
Performance
VEUA.L vs. V3PA.DE - Performance Comparison
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Different Trading Currencies
VEUA.L is traded in GBP, while V3PA.DE is traded in EUR. To make them comparable, the V3PA.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEUA.L achieves a 6.65% return, which is significantly lower than V3PA.DE's 30.52% return.
VEUA.L
- 1D
- 0.78%
- 1M
- 3.51%
- YTD
- 6.65%
- 6M
- 9.00%
- 1Y
- 19.55%
- 3Y*
- 14.21%
- 5Y*
- 10.11%
- 10Y*
- —
V3PA.DE
- 1D
- -1.22%
- 1M
- 7.44%
- YTD
- 30.52%
- 6M
- 32.66%
- 1Y
- 54.98%
- 3Y*
- 19.48%
- 5Y*
- —
- 10Y*
- —
VEUA.L vs. V3PA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 6.65% | 26.07% | 4.49% | 13.45% | 12.92% |
V3PA.DE Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating | 30.52% | 22.53% | 2.96% | 8.70% | 6.48% |
Correlation
The correlation between VEUA.L and V3PA.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2022 | 0.59 |
The correlation between VEUA.L and V3PA.DE has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
VEUA.L vs. V3PA.DE — Risk / Return Rank
VEUA.L
V3PA.DE
VEUA.L vs. V3PA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating (V3PA.DE). 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.
| VEUA.L | V3PA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.58 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.56 | -2.72 |
| Martin ratioReturn relative to average drawdown | 6.57 | 16.51 | -9.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEUA.L | V3PA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 3.08 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.30 | -0.69 |
Drawdowns
VEUA.L vs. V3PA.DE - Drawdown Comparison
The maximum VEUA.L drawdown since its inception was -28.45%, which is greater than V3PA.DE's maximum drawdown of -15.40%. Use the drawdown chart below to compare losses from any high point for VEUA.L and V3PA.DE.
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Drawdown Indicators
| VEUA.L | V3PA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -15.40% | -13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -12.00% | +1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -15.40% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -1.63% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -2.91% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.32% | -0.35% |
Volatility
VEUA.L vs. V3PA.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) is 4.10%, while Vanguard ESG Developed Asia Pacific All Cap UCITS ETF (USD) Accumulating (V3PA.DE) has a volatility of 6.32%. This indicates that VEUA.L experiences smaller price fluctuations and is considered to be less risky than V3PA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUA.L | V3PA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 6.32% | -2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 15.46% | -5.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 17.76% | -5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.79% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 14.79% | +1.04% |
VEUA.L vs. V3PA.DE - Expense Ratio Comparison
VEUA.L has a 0.10% expense ratio, which is lower than V3PA.DE's 0.17% 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
VEUA.L vs. V3PA.DE - Dividend Comparison
Neither VEUA.L nor V3PA.DE has paid dividends to shareholders.
Frequently Asked Questions
VEUA.L and V3PA.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.17% for V3PA.DE.
VEUA.L is categorized as Europe Equities, while V3PA.DE is Asia Pacific Equities. VEUA.L tracks MSCI Europe NR EUR, while V3PA.DE tracks FTSE Developed Asia Pacific All Cap Choice. Their fees differ too: 0.10% for VEUA.L and 0.17% for V3PA.DE.
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