VT vs. VAPX.L

Last updated Jun 9, 2026

VT (Vanguard Total World Stock ETF) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - VT is a Global Equities fund tracking the FTSE Global All Cap Index, 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, VT returned 12.61%/yr vs 11.74%/yr for VAPX.L. A 0.64 correlation means they provide meaningful diversification when combined. VT charges 0.06%/yr vs 0.15%/yr for VAPX.L.

Performance

VT vs. VAPX.L - Performance Comparison

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

Different Trading Currencies

VT is traded in USD, while VAPX.L is traded in GBP. To make them comparable, the VAPX.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VT achieves a 9.77% return, which is significantly lower than VAPX.L's 39.58% return. Over the past 10 years, VT has outperformed VAPX.L with an annualized return of 12.61%, while VAPX.L has yielded a comparatively lower 11.74% annualized return.

VT

• 1D: 0.52%
• 1M: -0.45%
• YTD: 9.77%
• 6M: 10.59%
• 1Y: 25.47%
• 3Y*: 19.82%
• 5Y*: 10.54%
• 10Y*: 12.61%

VAPX.L

• 1D: 0.35%
• 1M: -2.11%
• YTD: 39.58%
• 6M: 44.97%
• 1Y: 70.32%
• 3Y*: 25.08%
• 5Y*: 10.60%
• 10Y*: 11.74%

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

VT vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VT Vanguard Total World Stock ETF	9.77%	22.43%	16.49%	22.02%	-18.00%	18.27%	16.59%	26.81%	-9.76%	24.50%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	39.58%	41.25%	-5.11%	9.37%	-12.16%	0.91%	18.84%	17.37%	-14.69%	31.84%

Correlation

The correlation between VT and VAPX.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.64

The correlation between VT and VAPX.L has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

VT vs. VAPX.L - Sectors Allocation Comparison

Sectors	VT	VAPX.L
Technology	27.8%	30.2%
Financial Services	15.9%	25.3%
Industrials	12.0%	12.5%
Consumer Cyclical	9.5%	5.3%
Communication Services	8.3%	2.4%
Healthcare	8.1%	3.3%
Consumer Defensive	4.8%	2.5%
Energy	4.3%	2.3%
Basic Materials	4.2%	9.5%
Utilities	2.7%	2.0%
Real Estate	2.4%	4.9%

Return for Risk

VT vs. VAPX.L — Risk / Return Rank

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

VT

VT Risk / Return Rank: 65
VT Sharpe Ratio Rank: 65
VT Sortino Ratio Rank: 64
VT Omega Ratio Rank: 66
VT Calmar Ratio Rank: 59
VT Martin Ratio Rank: 69

VAPX.L

VAPX.L Risk / Return Rank: 93
VAPX.L Sharpe Ratio Rank: 95
VAPX.L Sortino Ratio Rank: 92
VAPX.L Omega Ratio Rank: 94
VAPX.L Calmar Ratio Rank: 91
VAPX.L Martin Ratio Rank: 91

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) 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.

	VT	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.96	3.02	-1.06
Sortino ratio: Return per unit of downside risk	2.68	3.68	-1.00
Omega ratio: Gain probability vs. loss probability	1.36	1.54	-0.19
Calmar ratio: Return relative to maximum drawdown	2.64	4.63	-1.99
Martin ratio: Return relative to average drawdown	11.68	17.93	-6.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VT vs. VAPX.L - Sharpe Ratio Comparison

The current VT Sharpe Ratio is 1.96, which is lower than the VAPX.L Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of VT 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.

Sharpe Ratios by Period

	VT	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.96	3.02	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.55	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.61	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.43	0.00

Drawdowns

VT vs. VAPX.L - Drawdown Comparison

The maximum VT drawdown since its inception was -50.27%, which is greater than VAPX.L's maximum drawdown of -38.96%. Use the drawdown chart below to compare losses from any high point for VT and VAPX.L.

Drawdown Indicators

	VT	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-50.27%	-38.96%	-11.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.67%	-15.09%	+5.42%
Max Drawdown (3Y) Largest decline over 3 years	-16.51%	-20.38%	+3.87%
Max Drawdown (5Y) Largest decline over 5 years	-26.38%	-31.90%	+5.52%
Max Drawdown (10Y) Largest decline over 10 years	-34.24%	-38.96%	+4.72%
Current Drawdown Current decline from peak	-3.06%	-9.65%	+6.59%
Average Drawdown Average peak-to-trough decline	-7.02%	-10.17%	+3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	3.91%	-1.72%

Volatility

VT vs. VAPX.L - Volatility Comparison

The current volatility for Vanguard Total World Stock ETF (VT) is 4.55%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 12.47%. This indicates that VT 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

	VT	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	12.47%	-7.92%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	20.85%	-10.18%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	23.25%	-10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	19.18%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	19.32%	-2.06%

VT vs. VAPX.L - Expense Ratio Comparison

VT has a 0.06% 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

VT vs. VAPX.L - Dividend Comparison

VT's dividend yield for the trailing twelve months is around 1.63%, less than VAPX.L's 1.91% 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	1.91%	2.70%	3.47%	3.53%	4.32%	3.51%	2.08%	3.39%	3.52%	3.10%	2.71%	3.49%
VT Vanguard Total World Stock ETF	1.63%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%

Frequently Asked Questions

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

VT and VAPX.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VT or VAPX.L?

On fees, VT 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, VT or VAPX.L?

VT is cheaper with a 0.06% expense ratio, compared with 0.15% for VAPX.L.

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

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