VEUSX vs. VPL

Last updated Aug 2, 2026

VEUSX (Vanguard European Stock Index Fund Admiral Shares) and VPL (Vanguard FTSE Pacific ETF) are both funds - VEUSX is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index, while VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index. Both are passively managed. Over the past 10 years, VEUSX returned 10.03%/yr vs 9.52%/yr for VPL. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.08% expense ratio.

Performance

VEUSX vs. VPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard European Stock Index Fund Admiral Shares (VEUSX) 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, VEUSX achieves a 11.05% return, which is significantly lower than VPL's 20.61% return. Over the past 10 years, VEUSX has outperformed VPL with an annualized return of 10.03%, while VPL has yielded a comparatively lower 9.52% annualized return.

VEUSX

• 1D: 2.27%
• 1M: 1.90%
• 6M: 6.04%
• YTD: 11.05%
• 1Y: 24.76%
• 3Y*: 16.45%
• 5Y*: 9.42%
• 10Y*: 10.03%
• ALL TIME*: 6.87%

VPL

• 1D: -1.01%
• 1M: -2.62%
• 6M: 10.34%
• YTD: 20.61%
• 1Y: 37.66%
• 3Y*: 18.88%
• 5Y*: 9.33%
• 10Y*: 9.52%
• ALL TIME*: 6.48%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VEUSX Vanguard European Stock Index Fund Admiral Shares	$0.00	$0.00	$0.00
VPL Vanguard FTSE Pacific ETF	$40.49M	$47.90M	$62.42M

VEUSX vs. VPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEUSX Vanguard European Stock Index Fund Admiral Shares	11.05%	35.41%	2.01%	19.99%	-16.06%	16.28%	6.43%	24.22%	-14.81%	27.04%
VPL Vanguard FTSE Pacific ETF	20.61%	32.66%	1.68%	15.58%	-15.20%	1.10%	16.65%	18.16%	-14.40%	28.85%

Correlation

The correlation between VEUSX and VPL is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.74
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.78
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005	0.78

The correlation between VEUSX and VPL has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.

VEUSX vs. VPL - Sectors Allocation Comparison

Sectors	VEUSX	VPL
Financial Services	24.1%	17.8%
Industrials	20.0%	17.4%
Healthcare	12.6%	4.3%
Technology	9.9%	31.6%
Consumer Defensive	7.8%	3.2%
Consumer Cyclical	7.0%	8.8%
Basic Materials	5.2%	6.5%
Energy	4.5%	1.1%
Utilities	4.5%	1.3%
Communication Services	2.8%	4.4%
Real Estate	1.5%	3.6%

Return for Risk

VEUSX vs. VPL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VEUSX

VEUSX Risk / Return Rank: 60
VEUSX Sharpe Ratio Rank: 63
VEUSX Sortino Ratio Rank: 64
VEUSX Omega Ratio Rank: 60
VEUSX Calmar Ratio Rank: 57
VEUSX Martin Ratio Rank: 57

VPL

VPL Risk / Return Rank: 72
VPL Sharpe Ratio Rank: 71
VPL Sortino Ratio Rank: 65
VPL Omega Ratio Rank: 73
VPL Calmar Ratio Rank: 80
VPL Martin Ratio Rank: 71

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEUSX vs. VPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Admiral Shares (VEUSX) 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.

	VEUSX	VPL	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.59	-0.11
Sortino ratio: Return per unit of downside risk	2.15	2.16	-0.01
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	1.93	2.84	-0.90
Martin ratio: Return relative to average drawdown	7.30	8.65	-1.35

VEUSX vs. VPL - Sharpe Ratio Comparison

The current VEUSX Sharpe Ratio is 1.48, which is comparable to the VPL Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VEUSX 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

VEUSX vs. VPL - Drawdown Comparison

The maximum VEUSX drawdown since its inception was -63.28%, which is greater than VPL's maximum drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for VEUSX and VPL.

Drawdown Indicators

	VEUSX	VPL	Difference
Max Drawdown Largest peak-to-trough decline	-63.28%	-55.49%	-7.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-13.33%	+1.36%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-16.35%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-31.09%	-1.63%
Max Drawdown (10Y) Largest decline over 10 years	-36.87%	-33.90%	-2.97%
Current Drawdown Current decline from peak	0.00%	-9.69%	+9.69%
Average Drawdown Average peak-to-trough decline	-12.88%	-11.59%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	4.37%	-1.20%

Volatility

VEUSX vs. VPL - Volatility Comparison

The current volatility for Vanguard European Stock Index Fund Admiral Shares (VEUSX) is 4.27%, while Vanguard FTSE Pacific ETF (VPL) has a volatility of 9.21%. This indicates that VEUSX experiences smaller price fluctuations and is considered to be less risky than VPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUSX	VPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	9.21%	-4.94%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	21.74%	-8.40%
Volatility (1Y) Calculated over the trailing 1-year period	15.73%	23.77%	-8.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	18.34%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	17.73%	+0.04%

VEUSX vs. VPL - Expense Ratio Comparison

Both VEUSX and VPL have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEUSX vs. VPL - Dividend Comparison

VEUSX's dividend yield for the trailing twelve months is around 2.80%, more than VPL's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEUSX Vanguard European Stock Index Fund Admiral Shares	2.80%	2.84%	3.58%	3.13%	3.22%	3.02%	2.08%	3.26%	3.92%	2.70%	3.52%	3.24%
VPL Vanguard FTSE Pacific ETF	2.77%	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 VEUSX and VPL in my portfolio?

VEUSX and VPL have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEUSX or VPL?

VPL has higher volatility (9.21%) compared to VEUSX (4.27%). In terms of maximum drawdown, VEUSX dropped -63.28% vs VPL's -55.49%.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (1.59 vs 1.48), 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.