VJPU.L vs. XDWU.L

Last updated Jul 16, 2026

VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) and XDWU.L (Xtrackers MSCI World Utilities UCITS ETF 1C) are both exchange-traded funds - VJPU.L is a Japan Equities fund tracking the FTSE Japan (USD Hedged), while XDWU.L is a Utilities Equities fund tracking the MSCI World/Utilities NR USD. Both are passively managed. Over the past 5 years, VJPU.L returned 22.28%/yr vs 9.82%/yr for XDWU.L. At a 0.32 correlation, their price movements are largely independent. VJPU.L charges 0.20%/yr vs 0.25%/yr for XDWU.L.

Performance

VJPU.L vs. XDWU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VJPU.L achieves a 21.68% return, which is significantly higher than XDWU.L's 9.46% return.

VJPU.L

• 1D: -1.00%
• 1M: 1.01%
• 6M: 14.24%
• YTD: 21.68%
• 1Y: 52.01%
• 3Y*: 29.40%
• 5Y*: 22.28%
• 10Y*: —

XDWU.L

• 1D: -0.30%
• 1M: 2.39%
• 6M: 8.54%
• YTD: 9.46%
• 1Y: 19.08%
• 3Y*: 15.46%
• 5Y*: 9.82%
• 10Y*: 8.72%

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

VJPU.L vs. XDWU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc	21.68%	31.51%	23.81%	35.67%	-2.33%	12.22%	11.64%
XDWU.L Xtrackers MSCI World Utilities UCITS ETF 1C	9.46%	25.35%	13.23%	0.32%	-3.57%	10.56%	-1.48%

Correlation

The correlation between VJPU.L and XDWU.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 31, 2020	0.32

The correlation between VJPU.L and XDWU.L shifts across timeframes, from 0.18 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.

VJPU.L vs. XDWU.L - Sectors Allocation Comparison

Sectors	VJPU.L	XDWU.L
Industrials	25.2%	1.4%
Technology	19.4%	-
Financial Services	15.8%	-
Consumer Cyclical	12.7%	0.5%
Communication Services	8.0%	-
Healthcare	5.5%	-
Basic Materials	4.4%	-
Consumer Defensive	4.0%	-
Real Estate	3.0%	-
Utilities	1.2%	97.3%
Energy	0.9%	0.5%

Return for Risk

VJPU.L vs. XDWU.L — Risk / Return Rank

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

VJPU.L

VJPU.L Risk / Return Rank: 92
VJPU.L Sharpe Ratio Rank: 92
VJPU.L Sortino Ratio Rank: 91
VJPU.L Omega Ratio Rank: 90
VJPU.L Calmar Ratio Rank: 94
VJPU.L Martin Ratio Rank: 93

XDWU.L

XDWU.L Risk / Return Rank: 51
XDWU.L Sharpe Ratio Rank: 53
XDWU.L Sortino Ratio Rank: 50
XDWU.L Omega Ratio Rank: 48
XDWU.L Calmar Ratio Rank: 58
XDWU.L Martin Ratio Rank: 45

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.

VJPU.L vs. XDWU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) and Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.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.

	VJPU.L	XDWU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.49	+1.12
Sortino ratio: Return per unit of downside risk	3.53	2.05	+1.47
Omega ratio: Gain probability vs. loss probability	1.46	1.25	+0.20
Calmar ratio: Return relative to maximum drawdown	5.41	2.36	+3.05
Martin ratio: Return relative to average drawdown	18.53	6.00	+12.53

VJPU.L vs. XDWU.L - Sharpe Ratio Comparison

The current VJPU.L Sharpe Ratio is 2.60, which is higher than the XDWU.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of VJPU.L and XDWU.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

VJPU.L vs. XDWU.L - Drawdown Comparison

The maximum VJPU.L drawdown since its inception was -27.53%, smaller than the maximum XDWU.L drawdown of -33.87%. Use the drawdown chart below to compare losses from any high point for VJPU.L and XDWU.L.

Drawdown Indicators

	VJPU.L	XDWU.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.53%	-33.87%	+6.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-8.05%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-21.44%	-17.56%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-21.44%	-21.92%	+0.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.87%	—
Current Drawdown Current decline from peak	-2.71%	-3.62%	+0.91%
Average Drawdown Average peak-to-trough decline	-4.11%	-5.28%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	3.17%	-0.37%

Volatility

VJPU.L vs. XDWU.L - Volatility Comparison

Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) has a higher volatility of 6.34% compared to Xtrackers MSCI World Utilities UCITS ETF 1C (XDWU.L) at 3.97%. This indicates that VJPU.L's price experiences larger fluctuations and is considered to be riskier than XDWU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VJPU.L	XDWU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	3.97%	+2.37%
Volatility (6M) Calculated over the trailing 6-month period	15.82%	10.85%	+4.97%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	12.80%	+7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	15.15%	+3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.59%	15.63%	+3.96%

VJPU.L vs. XDWU.L - Expense Ratio Comparison

VJPU.L has a 0.20% expense ratio, which is lower than XDWU.L's 0.25% 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

VJPU.L vs. XDWU.L - Dividend Comparison

Neither VJPU.L nor XDWU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VJPU.L and XDWU.L in my portfolio?

VJPU.L and XDWU.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VJPU.L or XDWU.L?

On fees, VJPU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VJPU.L or XDWU.L?

VJPU.L is cheaper with a 0.20% expense ratio, compared with 0.25% for XDWU.L.

What is the main difference between VJPU.L and XDWU.L?

VJPU.L is categorized as Japan Equities, while XDWU.L is Utilities Equities. VJPU.L tracks FTSE Japan (USD Hedged), while XDWU.L tracks MSCI World/Utilities NR USD. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.20% for VJPU.L and 0.25% for XDWU.L.