XAXJ.L vs. VEUR.MI
XAXJ.L (Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - XAXJ.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, XAXJ.L returned 0.83%/yr vs 10.04%/yr for VEUR.MI. A 0.53 correlation means they provide meaningful diversification when combined. XAXJ.L charges 0.65%/yr vs 0.10%/yr for VEUR.MI.
Performance
XAXJ.L vs. VEUR.MI - Performance Comparison
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Different Trading Currencies
XAXJ.L is traded in GBp, while VEUR.MI is traded in EUR. To make them comparable, the VEUR.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XAXJ.L achieves a 1.72% return, which is significantly lower than VEUR.MI's 6.26% return.
XAXJ.L
- 1D
- -1.69%
- 1M
- -0.01%
- YTD
- 1.72%
- 6M
- 0.31%
- 1Y
- 15.73%
- 3Y*
- 9.12%
- 5Y*
- 0.83%
- 10Y*
- 7.37%
VEUR.MI
- 1D
- 0.52%
- 1M
- 3.27%
- YTD
- 6.26%
- 6M
- 8.67%
- 1Y
- 19.30%
- 3Y*
- 14.19%
- 5Y*
- 10.04%
- 10Y*
- —
XAXJ.L vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XAXJ.L Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C | 1.72% | 20.48% | 10.76% | -8.18% | -10.59% | -4.15% | 20.15% | 9.79% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 6.26% | 27.05% | 4.33% | 13.97% | -5.30% | 16.33% | 3.02% | 16.20% |
Correlation
The correlation between XAXJ.L and VEUR.MI is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2019 | 0.53 |
The correlation between XAXJ.L and VEUR.MI has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
XAXJ.L vs. VEUR.MI — Risk / Return Rank
XAXJ.L
VEUR.MI
XAXJ.L vs. VEUR.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C (XAXJ.L) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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.
| XAXJ.L | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.29 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 1.83 | -0.41 |
| Martin ratioReturn relative to average drawdown | 3.85 | 6.57 | -2.72 |
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
| XAXJ.L | VEUR.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.55 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.72 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.68 | -0.21 |
Drawdowns
XAXJ.L vs. VEUR.MI - Drawdown Comparison
The maximum XAXJ.L drawdown since its inception was -35.15%, which is greater than VEUR.MI's maximum drawdown of -28.41%. Use the drawdown chart below to compare losses from any high point for XAXJ.L and VEUR.MI.
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Drawdown Indicators
| XAXJ.L | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.15% | -28.41% | -6.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -10.54% | -0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -13.80% | -2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -16.38% | -14.22% |
Max Drawdown (10Y)Largest decline over 10 years | -35.15% | — | — |
Current DrawdownCurrent decline from peak | -4.49% | -1.38% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -11.14% | -3.97% | -7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.94% | +1.14% |
Volatility
XAXJ.L vs. VEUR.MI - Volatility Comparison
Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C (XAXJ.L) has a higher volatility of 5.96% compared to Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) at 4.19%. This indicates that XAXJ.L's price experiences larger fluctuations and is considered to be riskier than VEUR.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAXJ.L | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 4.19% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 10.53% | +1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.42% | 12.47% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 14.21% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 16.10% | +2.13% |
XAXJ.L vs. VEUR.MI - Expense Ratio Comparison
XAXJ.L has a 0.65% expense ratio, which is higher than VEUR.MI's 0.10% expense ratio.
Dividends
XAXJ.L vs. VEUR.MI - Dividend Comparison
XAXJ.L has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.61% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
XAXJ.L Xtrackers MSCI AC Asia ex Japan ESG Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAXJ.L and VEUR.MI have a correlation of 0.44, 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 0.65% for XAXJ.L.
XAXJ.L is categorized as Asia Pacific Equities, while VEUR.MI is Europe Equities. XAXJ.L tracks MSCI AC Asia Ex Japan NR USD, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.65% for XAXJ.L and 0.10% for VEUR.MI.
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