EMMF vs. VPL

Last updated Jun 24, 2026

EMMF (WisdomTree Emerging Markets Multifactor Fund) and VPL (Vanguard FTSE Pacific ETF) are both Asia Pacific Equities funds. EMMF is actively managed, while VPL is passively managed. Over the past 5 years, EMMF returned 10.20%/yr vs 9.86%/yr for VPL. A 0.77 correlation means they provide meaningful diversification when combined. EMMF charges 0.48%/yr vs 0.08%/yr for VPL.

Performance

EMMF vs. VPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets Multifactor Fund (EMMF) and Vanguard FTSE Pacific ETF (VPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMMF achieves a 21.57% return, which is significantly lower than VPL's 25.73% return.

EMMF

• 1D: -5.06%
• 1M: 1.49%
• YTD: 21.57%
• 6M: 22.05%
• 1Y: 38.99%
• 3Y*: 21.51%
• 5Y*: 10.20%
• 10Y*: —

VPL

• 1D: -5.86%
• 1M: 1.56%
• YTD: 25.73%
• 6M: 25.83%
• 1Y: 47.86%
• 3Y*: 22.03%
• 5Y*: 9.86%
• 10Y*: 10.76%

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

EMMF vs. VPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMMF WisdomTree Emerging Markets Multifactor Fund	21.57%	21.22%	9.45%	20.59%	-13.47%	5.97%	9.25%	2.30%	-6.45%
VPL Vanguard FTSE Pacific ETF	25.73%	32.66%	1.68%	15.58%	-15.20%	1.10%	16.65%	18.16%	-11.87%

Correlation

The correlation between EMMF and VPL is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Aug 10, 2018	0.77

The correlation between EMMF and VPL has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

EMMF vs. VPL - Sectors Allocation Comparison

Sectors	EMMF	VPL
Technology	32.9%	22.6%
Consumer Cyclical	14.0%	9.6%
Financial Services	8.2%	19.3%
Communication Services	6.6%	4.8%
Consumer Defensive	4.4%	3.5%
Industrials	3.8%	20.5%
Energy	2.1%	1.6%
Utilities	2.0%	1.6%
Basic Materials	1.9%	7.3%
Healthcare	0.3%	5.0%
Real Estate	-	4.3%

Return for Risk

EMMF vs. VPL — Risk / Return Rank

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

EMMF

EMMF Risk / Return Rank: 71
EMMF Sharpe Ratio Rank: 67
EMMF Sortino Ratio Rank: 60
EMMF Omega Ratio Rank: 73
EMMF Calmar Ratio Rank: 76
EMMF Martin Ratio Rank: 77

VPL

VPL Risk / Return Rank: 70
VPL Sharpe Ratio Rank: 70
VPL Sortino Ratio Rank: 61
VPL Omega Ratio Rank: 72
VPL Calmar Ratio Rank: 74
VPL Martin Ratio Rank: 75

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.

EMMF vs. VPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Multifactor Fund (EMMF) and Vanguard FTSE Pacific ETF (VPL). 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.

	EMMF	VPL	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.16	-0.13
Sortino ratio: Return per unit of downside risk	2.61	2.76	-0.14
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	3.69	3.61	+0.08
Martin ratio: Return relative to average drawdown	13.79	13.71	+0.08

EMMF vs. VPL - Sharpe Ratio Comparison

The current EMMF Sharpe Ratio is 2.03, which is comparable to the VPL Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of EMMF and VPL, 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

EMMF vs. VPL - Drawdown Comparison

The maximum EMMF drawdown since its inception was -32.57%, smaller than the maximum VPL drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for EMMF and VPL.

Drawdown Indicators

	EMMF	VPL	Difference
Max Drawdown Largest peak-to-trough decline	-32.57%	-55.49%	+22.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.62%	-13.33%	+2.71%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	-16.35%	+0.33%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-31.09%	+7.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-6.18%	-5.86%	-0.32%
Average Drawdown Average peak-to-trough decline	-7.43%	-11.61%	+4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.50%	-0.66%

Volatility

EMMF vs. VPL - Volatility Comparison

WisdomTree Emerging Markets Multifactor Fund (EMMF) and Vanguard FTSE Pacific ETF (VPL) have volatilities of 11.36% and 11.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMMF	VPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.36%	11.91%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	17.64%	19.95%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	19.26%	22.25%	-2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.04%	17.93%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.95%	17.52%	-0.57%

EMMF vs. VPL - Expense Ratio Comparison

EMMF has a 0.48% expense ratio, which is higher than VPL's 0.08% expense ratio.

Dividends

EMMF vs. VPL - Dividend Comparison

EMMF's dividend yield for the trailing twelve months is around 1.95%, less than VPL's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMMF WisdomTree Emerging Markets Multifactor Fund	1.95%	2.45%	1.30%	1.62%	3.48%	2.64%	1.93%	2.93%	0.66%	0.00%	0.00%	0.00%
VPL Vanguard FTSE Pacific ETF	2.66%	4.01%	3.15%	3.12%	2.75%	3.19%	1.81%	2.84%	3.06%	2.57%	2.65%	2.43%

Frequently Asked Questions

Can I hold both EMMF and VPL in my portfolio?

EMMF and VPL have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMMF or VPL?

VPL has higher volatility (11.91%) compared to EMMF (11.36%). In terms of maximum drawdown, EMMF dropped -32.57% vs VPL's -55.49%.

Which ETF is better, EMMF or VPL?

On 5-year performance, EMMF leads with 10.20% vs 9.86% for VPL. On fees, VPL is cheaper at 0.08% per year. On volatility, EMMF has been the lower-risk option at 11.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMMF or VPL?

Over the 5-year period, EMMF has performed better with a 10.20% return vs 9.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMMF or VPL?

VPL is cheaper with a 0.08% expense ratio, compared with 0.48% for EMMF.

Which ETF pays a higher dividend yield, EMMF or VPL?

VPL has the higher dividend yield at 2.66%, compared with 1.95% for EMMF.

What is the main difference between EMMF and VPL?

They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for EMMF and 0.08% for VPL.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (2.16 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.