VEUR.MI vs. CPXJ.L
VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) and CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both exchange-traded funds - VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index, while CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, VEUR.MI returned 9.89%/yr vs 5.84%/yr for CPXJ.L. A 0.69 correlation means they provide meaningful diversification when combined. VEUR.MI charges 0.10%/yr vs 0.20%/yr for CPXJ.L.
Performance
VEUR.MI vs. CPXJ.L - Performance Comparison
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Different Trading Currencies
VEUR.MI is traded in EUR, while CPXJ.L is traded in USD. To make them comparable, the CPXJ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEUR.MI achieves a 7.10% return, which is significantly lower than CPXJ.L's 9.81% return.
VEUR.MI
- 1D
- 0.40%
- 1M
- 3.04%
- YTD
- 7.10%
- 6M
- 9.73%
- 1Y
- 16.16%
- 3Y*
- 14.02%
- 5Y*
- 9.89%
- 10Y*
- —
CPXJ.L
- 1D
- -0.86%
- 1M
- -1.97%
- YTD
- 9.81%
- 6M
- 10.57%
- 1Y
- 13.76%
- 3Y*
- 10.45%
- 5Y*
- 5.84%
- 10Y*
- 7.49%
VEUR.MI vs. CPXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 7.10% | 20.77% | 9.08% | 16.29% | -10.22% | 25.16% | -2.48% | 19.93% |
CPXJ.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 9.81% | 5.81% | 12.31% | 2.70% | -0.16% | 12.07% | -2.00% | 13.36% |
Correlation
The correlation between VEUR.MI and CPXJ.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2019 | 0.69 |
The correlation between VEUR.MI and CPXJ.L has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
VEUR.MI vs. CPXJ.L — Risk / Return Rank
VEUR.MI
CPXJ.L
VEUR.MI vs. CPXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.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.
| VEUR.MI | CPXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.36 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.24 | 6.66 | -0.42 |
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
| VEUR.MI | CPXJ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.14 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | 0.37 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.41 | +0.27 |
Drawdowns
VEUR.MI vs. CPXJ.L - Drawdown Comparison
The maximum VEUR.MI drawdown since its inception was -35.22%, roughly equal to the maximum CPXJ.L drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for VEUR.MI and CPXJ.L.
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Drawdown Indicators
| VEUR.MI | CPXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.22% | -36.85% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -6.00% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -20.19% | +3.83% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -20.19% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.85% | — |
Current DrawdownCurrent decline from peak | -1.73% | -1.97% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -6.96% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.13% | +0.46% |
Volatility
VEUR.MI vs. CPXJ.L - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) has a higher volatility of 4.40% compared to iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) at 4.13%. This indicates that VEUR.MI's price experiences larger fluctuations and is considered to be riskier than CPXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUR.MI | CPXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.13% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.56% | 9.63% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.79% | 12.39% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.37% | 15.61% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 17.37% | -0.91% |
VEUR.MI vs. CPXJ.L - Expense Ratio Comparison
VEUR.MI has a 0.10% expense ratio, which is lower than CPXJ.L's 0.20% 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
VEUR.MI vs. CPXJ.L - Dividend Comparison
VEUR.MI's dividend yield for the trailing twelve months is around 2.61%, while CPXJ.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CPXJ.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.61% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
VEUR.MI and CPXJ.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.20% for CPXJ.L.
VEUR.MI is categorized as Europe Equities, while CPXJ.L is Asia Pacific Equities. VEUR.MI tracks FTSE Developed Europe Index, while CPXJ.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.MI and 0.20% for CPXJ.L.
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