XDEQ.L vs. VAPX.L

Last updated Jun 5, 2026

XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and VAPX.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) are both exchange-traded funds - XDEQ.L is a Global Equities fund tracking the MSCI ACWI NR USD, 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, XDEQ.L returned 13.78%/yr vs 12.84%/yr for VAPX.L. At a 0.47 correlation, their price movements are largely independent. XDEQ.L charges 0.25%/yr vs 0.15%/yr for VAPX.L.

Performance

XDEQ.L vs. VAPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) 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

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

Returns By Period

In the year-to-date period, XDEQ.L achieves a 8.63% return, which is significantly lower than VAPX.L's 48.85% return. Over the past 10 years, XDEQ.L has outperformed VAPX.L with an annualized return of 13.78%, while VAPX.L has yielded a comparatively lower 12.84% annualized return.

XDEQ.L

• 1D: 0.92%
• 1M: 4.55%
• YTD: 8.63%
• 6M: 9.20%
• 1Y: 22.27%
• 3Y*: 15.29%
• 5Y*: 11.55%
• 10Y*: 13.78%

VAPX.L

• 1D: -3.09%
• 1M: 10.87%
• YTD: 48.85%
• 6M: 53.84%
• 1Y: 83.65%
• 3Y*: 24.61%
• 5Y*: 12.69%
• 10Y*: 12.84%

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

XDEQ.L vs. VAPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	8.63%	7.52%	18.91%	19.22%	-9.44%	24.28%	11.14%	30.48%	-5.16%	12.25%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	48.85%	30.80%	-3.74%	3.63%	-1.84%	1.30%	14.91%	12.74%	-9.53%	20.31%

Correlation

The correlation between XDEQ.L and VAPX.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 21, 2014	0.47

The correlation between XDEQ.L and VAPX.L shifts across timeframes, from 0.47 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.

XDEQ.L vs. VAPX.L - Sectors Allocation Comparison

Sectors	XDEQ.L	VAPX.L
Technology	30.4%	30.2%
Financial Services	14.7%	25.3%
Industrials	10.1%	12.5%
Healthcare	9.2%	3.3%
Communication Services	9.1%	2.4%
Consumer Cyclical	8.9%	5.3%
Consumer Defensive	5.3%	2.5%
Energy	4.6%	2.3%
Basic Materials	3.2%	9.5%
Utilities	2.7%	2.0%
Real Estate	1.7%	4.9%

Return for Risk

XDEQ.L vs. VAPX.L — Risk / Return Rank

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

XDEQ.L

XDEQ.L Risk / Return Rank: 70
XDEQ.L Sharpe Ratio Rank: 70
XDEQ.L Sortino Ratio Rank: 71
XDEQ.L Omega Ratio Rank: 73
XDEQ.L Calmar Ratio Rank: 65
XDEQ.L Martin Ratio Rank: 72

VAPX.L

VAPX.L Risk / Return Rank: 94
VAPX.L Sharpe Ratio Rank: 96
VAPX.L Sortino Ratio Rank: 95
VAPX.L Omega Ratio Rank: 95
VAPX.L Calmar Ratio Rank: 92
VAPX.L Martin Ratio Rank: 92

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) 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.

	XDEQ.L	VAPX.L	Difference
Sharpe ratio: Return per unit of total volatility	2.26	4.11	-1.85
Sortino ratio: Return per unit of downside risk	3.17	4.98	-1.81
Omega ratio: Gain probability vs. loss probability	1.43	1.75	-0.32
Calmar ratio: Return relative to maximum drawdown	3.21	6.18	-2.96
Martin ratio: Return relative to average drawdown	13.32	23.27	-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.

XDEQ.L vs. VAPX.L - Sharpe Ratio Comparison

The current XDEQ.L Sharpe Ratio is 2.26, which is lower than the VAPX.L Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of XDEQ.L 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

	XDEQ.L	VAPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	4.11	-1.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.79	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.13	0.74	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.54	+0.67

Drawdowns

XDEQ.L vs. VAPX.L - Drawdown Comparison

The maximum XDEQ.L drawdown since its inception was -23.79%, smaller than the maximum VAPX.L drawdown of -30.88%. Use the drawdown chart below to compare losses from any high point for XDEQ.L and VAPX.L.

Drawdown Indicators

	XDEQ.L	VAPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.79%	-30.88%	+7.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.90%	-13.47%	+6.57%
Max Drawdown (3Y) Largest decline over 3 years	-17.96%	-16.88%	-1.08%
Max Drawdown (5Y) Largest decline over 5 years	-17.96%	-18.04%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	-23.79%	-30.88%	+7.09%
Current Drawdown Current decline from peak	0.00%	-3.50%	+3.50%
Average Drawdown Average peak-to-trough decline	-3.78%	-6.47%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	3.58%	-1.91%

Volatility

XDEQ.L vs. VAPX.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) is 2.57%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VAPX.L) has a volatility of 10.22%. This indicates that XDEQ.L 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

	XDEQ.L	VAPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	10.22%	-7.65%
Volatility (6M) Calculated over the trailing 6-month period	7.12%	17.90%	-10.78%
Volatility (1Y) Calculated over the trailing 1-year period	9.81%	20.27%	-10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	16.00%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	17.39%	-0.50%

XDEQ.L vs. VAPX.L - Expense Ratio Comparison

XDEQ.L has a 0.25% expense ratio, which is higher than VAPX.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XDEQ.L vs. VAPX.L - Dividend Comparison

XDEQ.L has not paid dividends to shareholders, while VAPX.L's dividend yield for the trailing twelve months is around 1.54%.

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	1.54%	2.36%	3.20%	3.30%	4.12%	2.99%	1.81%	3.28%	3.55%	3.07%	2.71%	3.45%
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

XDEQ.L and VAPX.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDEQ.L or VAPX.L?

On fees, VAPX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XDEQ.L or VAPX.L?

VAPX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEQ.L.

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

XDEQ.L is categorized as Global Equities, while VAPX.L is Asia Pacific Equities. XDEQ.L tracks MSCI ACWI NR USD, while VAPX.L tracks MSCI AC Asia Pac Ex JPN NR USD. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.25% for XDEQ.L and 0.15% for VAPX.L.