IAE vs. VPKIX

Last updated Jun 24, 2026

IAE (Voya Asia Pacific High Dividend Equity Income Fund) and VPKIX (Vanguard Pacific Stock Index Fund Institutional Shares) are both Asia Pacific Equities funds. Over the past 10 years, IAE returned 11.72%/yr vs 11.38%/yr for VPKIX. A 0.59 correlation means they provide meaningful diversification when combined. IAE charges 0.02%/yr vs 0.08%/yr for VPKIX.

Performance

IAE vs. VPKIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Voya Asia Pacific High Dividend Equity Income Fund (IAE) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAE achieves a 29.30% return, which is significantly lower than VPKIX's 32.71% return. Both investments have delivered pretty close results over the past 10 years, with IAE having a 11.72% annualized return and VPKIX not far behind at 11.38%.

IAE

• 1D: -1.53%
• 1M: 9.35%
• YTD: 29.30%
• 6M: 28.51%
• 1Y: 46.86%
• 3Y*: 28.34%
• 5Y*: 11.43%
• 10Y*: 11.72%

VPKIX

• 1D: 0.04%
• 1M: 7.11%
• YTD: 32.71%
• 6M: 32.94%
• 1Y: 56.42%
• 3Y*: 24.35%
• 5Y*: 11.29%
• 10Y*: 11.38%

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

IAE vs. VPKIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IAE Voya Asia Pacific High Dividend Equity Income Fund	29.30%	34.63%	13.44%	9.06%	-13.97%	3.60%	13.77%	9.62%	-11.31%	30.19%
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares	32.71%	33.12%	1.29%	15.58%	-15.20%	1.47%	16.54%	17.61%	-13.87%	28.55%

Correlation

The correlation between IAE and VPKIX is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007	0.59

The correlation between IAE and VPKIX has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.

Return for Risk

IAE vs. VPKIX — Risk / Return Rank

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

IAE

IAE Risk / Return Rank: 68
IAE Sharpe Ratio Rank: 68
IAE Sortino Ratio Rank: 60
IAE Omega Ratio Rank: 65
IAE Calmar Ratio Rank: 83
IAE Martin Ratio Rank: 64

VPKIX

VPKIX Risk / Return Rank: 87
VPKIX Sharpe Ratio Rank: 91
VPKIX Sortino Ratio Rank: 80
VPKIX Omega Ratio Rank: 84
VPKIX Calmar Ratio Rank: 89
VPKIX Martin Ratio Rank: 89

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.

IAE vs. VPKIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Voya Asia Pacific High Dividend Equity Income Fund (IAE) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX). 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.

	IAE	VPKIX	Difference
Sharpe ratio: Return per unit of total volatility	2.22	2.81	-0.60
Sortino ratio: Return per unit of downside risk	2.97	3.50	-0.53
Omega ratio: Gain probability vs. loss probability	1.41	1.52	-0.11
Calmar ratio: Return relative to maximum drawdown	3.66	4.29	-0.62
Martin ratio: Return relative to average drawdown	11.74	15.98	-4.24

IAE vs. VPKIX - Sharpe Ratio Comparison

The current IAE Sharpe Ratio is 2.22, which is comparable to the VPKIX Sharpe Ratio of 2.81. The chart below compares the historical Sharpe Ratios of IAE and VPKIX, 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

IAE vs. VPKIX - Drawdown Comparison

The maximum IAE drawdown since its inception was -60.72%, which is greater than VPKIX's maximum drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for IAE and VPKIX.

Drawdown Indicators

	IAE	VPKIX	Difference
Max Drawdown Largest peak-to-trough decline	-60.72%	-55.26%	-5.46%
Max Drawdown (1Y) Largest decline over 1 year	-12.86%	-13.40%	+0.54%
Max Drawdown (3Y) Largest decline over 3 years	-16.19%	-16.38%	+0.19%
Max Drawdown (5Y) Largest decline over 5 years	-32.87%	-31.12%	-1.75%
Max Drawdown (10Y) Largest decline over 10 years	-42.44%	-33.62%	-8.82%
Current Drawdown Current decline from peak	-1.53%	0.00%	-1.53%
Average Drawdown Average peak-to-trough decline	-13.72%	-15.41%	+1.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.00%	3.59%	+0.41%

Volatility

IAE vs. VPKIX - Volatility Comparison

The current volatility for Voya Asia Pacific High Dividend Equity Income Fund (IAE) is 7.99%, while Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) has a volatility of 10.05%. This indicates that IAE experiences smaller price fluctuations and is considered to be less risky than VPKIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAE	VPKIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.99%	10.05%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	17.27%	17.55%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	21.26%	20.46%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.02%	16.93%	+1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	16.46%	+3.01%

IAE vs. VPKIX - Expense Ratio Comparison

IAE has a 0.02% expense ratio, which is lower than VPKIX's 0.08% 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

IAE vs. VPKIX - Dividend Comparison

IAE's dividend yield for the trailing twelve months is around 8.63%, more than VPKIX's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAE Voya Asia Pacific High Dividend Equity Income Fund	8.63%	10.71%	12.29%	10.65%	14.03%	10.60%	9.97%	9.88%	9.61%	7.82%	11.14%	12.74%
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares	2.52%	4.00%	3.15%	3.11%	2.74%	3.17%	1.81%	2.85%	3.05%	2.60%	2.67%	2.45%

Frequently Asked Questions

Can I hold both IAE and VPKIX in my portfolio?

IAE and VPKIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAE or VPKIX?

VPKIX has higher volatility (10.05%) compared to IAE (7.99%). In terms of maximum drawdown, IAE dropped -60.72% vs VPKIX's -55.26%.

Which has better risk-adjusted returns?

VPKIX currently has the higher Sharpe Ratio (2.81 vs 2.22), 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.