VPKIX vs. VPL
VPKIX (Vanguard Pacific Stock Index Fund Institutional Shares) and VPL (Vanguard FTSE Pacific ETF) are both Asia Pacific Equities funds from Vanguard. Over the past 10 years, VPKIX returned 9.49%/yr vs 9.52%/yr for VPL. Their 0.96 correlation means they have historically moved very closely together. Both charge a 0.08% expense ratio.
Performance
VPKIX vs. VPL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with VPKIX having a 21.22% return and VPL slightly lower at 20.61%. Both investments have delivered pretty close results over the past 10 years, with VPKIX having a 9.49% annualized return and VPL not far ahead at 9.52%.
VPKIX
- 1D
- 5.00%
- 1M
- -1.24%
- 6M
- 11.00%
- YTD
- 21.22%
- 1Y
- 38.82%
- 3Y*
- 18.74%
- 5Y*
- 9.54%
- 10Y*
- 9.49%
- ALL TIME*
- 4.96%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $40.49M | $47.90M | $62.42M |
VPKIX vs. VPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares | 21.22% | 33.12% | 1.29% | 15.58% | -15.20% | 1.47% | 16.54% | 17.61% | -13.87% | 28.55% |
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 VPKIX and VPL is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.96 |
The correlation between VPKIX and VPL has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VPKIX vs. VPL — Risk / Return Rank
VPKIX
VPL
VPKIX vs. VPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) 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.
| VPKIX | VPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.30 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.84 | 0.00 |
| Martin ratioReturn relative to average drawdown | 8.71 | 8.65 | +0.06 |
Loading charts...
Drawdowns
VPKIX vs. VPL - Drawdown Comparison
The maximum VPKIX drawdown since its inception was -55.26%, roughly equal to the maximum VPL drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for VPKIX and VPL.
Loading charts...
Drawdown Indicators
| VPKIX | VPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.26% | -55.49% | +0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.40% | -13.33% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.38% | -16.35% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -31.12% | -31.09% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.62% | -33.90% | +0.28% |
Current DrawdownCurrent decline from peak | -8.66% | -9.69% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -15.38% | -11.59% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 4.37% | -0.01% |
Volatility
VPKIX vs. VPL - Volatility Comparison
Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) has a higher volatility of 10.46% compared to Vanguard FTSE Pacific ETF (VPL) at 9.21%. This indicates that VPKIX's price experiences larger fluctuations and is considered to be riskier than VPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VPKIX | VPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.46% | 9.21% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 21.74% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.27% | 23.77% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 18.34% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.80% | 17.73% | -0.93% |
VPKIX vs. VPL - Expense Ratio Comparison
Both VPKIX 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
VPKIX vs. VPL - Dividend Comparison
VPKIX's dividend yield for the trailing twelve months is around 2.76%, which matches VPL's 2.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares | 2.76% | 4.00% | 3.15% | 3.11% | 2.74% | 3.17% | 1.81% | 2.85% | 3.05% | 2.60% | 2.67% | 2.45% |
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
With a correlation of 0.95, VPKIX and VPL move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VPKIX has higher volatility (10.46%) compared to VPL (9.21%). In terms of maximum drawdown, VPKIX dropped -55.26% vs VPL's -55.49%.
VPKIX currently has the higher Sharpe Ratio (1.63 vs 1.59), 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.
Find the right allocation for VPKIX and VPL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer