VPL vs. EIDO

Last updated Jun 24, 2026

VPL (Vanguard FTSE Pacific ETF) and EIDO (iShares MSCI Indonesia ETF) are both Asia Pacific Equities funds - VPL tracks the FTSE Developed Asia Pacific Index while EIDO tracks the MSCI Indonesia Investable Market Index. Both are passively managed. Over the past 10 years, VPL returned 10.76%/yr vs -3.60%/yr for EIDO. A 0.56 correlation means they provide meaningful diversification when combined. VPL charges 0.08%/yr vs 0.59%/yr for EIDO.

Performance

VPL vs. EIDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Pacific ETF (VPL) and iShares MSCI Indonesia ETF (EIDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VPL achieves a 25.73% return, which is significantly higher than EIDO's -33.53% return. Over the past 10 years, VPL has outperformed EIDO with an annualized return of 10.76%, while EIDO has yielded a comparatively lower -3.60% annualized return.

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%

EIDO

• 1D: 0.41%
• 1M: -5.05%
• YTD: -33.53%
• 6M: -32.96%
• 1Y: -25.70%
• 3Y*: -15.88%
• 5Y*: -7.01%
• 10Y*: -3.60%

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

VPL vs. EIDO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPL Vanguard FTSE Pacific ETF	25.73%	32.66%	1.68%	15.58%	-15.20%	1.10%	16.65%	18.16%	-14.40%	28.85%
EIDO iShares MSCI Indonesia ETF	-33.53%	4.90%	-13.02%	2.56%	-0.16%	-0.60%	-7.13%	5.30%	-10.88%	19.40%

Correlation

The correlation between VPL and EIDO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 7, 2010	0.56

Over the past year, the correlation between VPL and EIDO has dropped to 0.34 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.

VPL vs. EIDO - Sectors Allocation Comparison

Sectors	VPL	EIDO
Technology	22.6%	3.9%
Industrials	20.5%	5.2%
Financial Services	19.3%	42.5%
Consumer Cyclical	9.6%	2.1%
Basic Materials	7.3%	12.8%
Healthcare	5.0%	1.8%
Communication Services	4.8%	10.2%
Real Estate	4.3%	2.4%
Consumer Defensive	3.5%	7.9%
Energy	1.6%	9.2%
Utilities	1.6%	2.0%

Return for Risk

VPL vs. EIDO — Risk / Return Rank

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

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

EIDO

EIDO Risk / Return Rank: 2
EIDO Sharpe Ratio Rank: 1
EIDO Sortino Ratio Rank: 2
EIDO Omega Ratio Rank: 1
EIDO Calmar Ratio Rank: 4
EIDO Martin Ratio Rank: 0

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.

VPL vs. EIDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and iShares MSCI Indonesia ETF (EIDO). 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.

	VPL	EIDO	Difference
Sharpe ratio: Return per unit of total volatility	2.16	-1.01	+3.18
Sortino ratio: Return per unit of downside risk	2.76	-1.38	+4.14
Omega ratio: Gain probability vs. loss probability	1.40	0.82	+0.58
Calmar ratio: Return relative to maximum drawdown	3.61	-0.59	+4.20
Martin ratio: Return relative to average drawdown	13.71	-1.77	+15.49

VPL vs. EIDO - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 2.16, which is higher than the EIDO Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of VPL and EIDO, 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

VPL vs. EIDO - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, smaller than the maximum EIDO drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for VPL and EIDO.

Drawdown Indicators

	VPL	EIDO	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-63.21%	+7.72%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-43.81%	+30.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-51.77%	+35.42%
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	-51.77%	+20.68%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-59.41%	+25.51%
Current Drawdown Current decline from peak	-5.86%	-54.63%	+48.77%
Average Drawdown Average peak-to-trough decline	-11.61%	-24.72%	+13.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	14.51%	-11.01%

Volatility

VPL vs. EIDO - Volatility Comparison

The current volatility for Vanguard FTSE Pacific ETF (VPL) is 11.91%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 14.34%. This indicates that VPL experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPL	EIDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.91%	14.34%	-2.43%
Volatility (6M) Calculated over the trailing 6-month period	19.95%	22.25%	-2.30%
Volatility (1Y) Calculated over the trailing 1-year period	22.25%	25.45%	-3.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.93%	20.51%	-2.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	24.98%	-7.46%

VPL vs. EIDO - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than EIDO's 0.59% expense ratio.

Dividends

VPL vs. EIDO - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.66%, less than EIDO's 3.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIDO iShares MSCI Indonesia ETF	3.35%	3.56%	5.20%	2.94%	2.53%	1.33%	1.51%	1.78%	1.99%	1.26%	1.16%	1.67%
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 VPL and EIDO in my portfolio?

VPL and EIDO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VPL or EIDO?

EIDO has higher volatility (14.34%) compared to VPL (11.91%). In terms of maximum drawdown, VPL dropped -55.49% vs EIDO's -63.21%.

Which ETF is better, VPL or EIDO?

On 10-year performance, VPL leads with 10.76% vs -3.60% for EIDO. On fees, VPL is cheaper at 0.08% per year. On volatility, VPL has been the lower-risk option at 11.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPL or EIDO?

Over the 10-year period, VPL has performed better with a 10.76% return vs -3.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPL or EIDO?

VPL is cheaper with a 0.08% expense ratio, compared with 0.59% for EIDO.

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

EIDO has the higher dividend yield at 3.35%, compared with 2.66% for VPL.

What is the main difference between VPL and EIDO?

VPL tracks FTSE Developed Asia Pacific Index, while EIDO tracks MSCI Indonesia Investable Market Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VPL and 0.59% for EIDO.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (2.16 vs -1.01), 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.