VPL vs. FICDX

Last updated Jun 4, 2026

VPL (Vanguard FTSE Pacific ETF) and FICDX (Fidelity Canada Fund) are both funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while FICDX is a Foreign Large Cap Equities fund managed by Fidelity. Over the past 10 years, VPL returned 10.84%/yr vs 10.43%/yr for FICDX. A 0.69 correlation means they provide meaningful diversification when combined. VPL charges 0.08%/yr vs 0.80%/yr for FICDX.

Performance

VPL vs. FICDX - Performance Comparison

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

Returns By Period

In the year-to-date period, VPL achieves a 30.29% return, which is significantly higher than FICDX's 7.97% return. Both investments have delivered pretty close results over the past 10 years, with VPL having a 10.84% annualized return and FICDX not far behind at 10.43%.

VPL

• 1D: -0.28%
• 1M: 10.45%
• YTD: 30.29%
• 6M: 33.07%
• 1Y: 53.61%
• 3Y*: 23.02%
• 5Y*: 10.36%
• 10Y*: 10.84%

FICDX

• 1D: 0.84%
• 1M: 2.43%
• YTD: 7.97%
• 6M: 11.79%
• 1Y: 18.69%
• 3Y*: 17.25%
• 5Y*: 10.71%
• 10Y*: 10.43%

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

VPL vs. FICDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VPL Vanguard FTSE Pacific ETF	30.29%	32.66%	1.68%	15.58%	-15.20%	1.10%	16.65%	18.16%	-14.40%	28.85%
FICDX Fidelity Canada Fund	7.97%	25.86%	9.15%	14.66%	-6.14%	26.86%	4.43%	25.82%	-14.32%	12.79%

Correlation

The correlation between VPL and FICDX is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Mar 11, 2005	0.69

The correlation between VPL and FICDX shifts across timeframes, from 0.56 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VPL vs. FICDX — Risk / Return Rank

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

VPL

VPL Risk / Return Rank: 80
VPL Sharpe Ratio Rank: 83
VPL Sortino Ratio Rank: 78
VPL Omega Ratio Rank: 81
VPL Calmar Ratio Rank: 78
VPL Martin Ratio Rank: 80

FICDX

FICDX Risk / Return Rank: 32
FICDX Sharpe Ratio Rank: 28
FICDX Sortino Ratio Rank: 25
FICDX Omega Ratio Rank: 26
FICDX Calmar Ratio Rank: 42
FICDX Martin Ratio Rank: 37

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. FICDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and Fidelity Canada Fund (FICDX). 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.

	VPL	FICDX	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.50	+1.26
Sortino ratio: Return per unit of downside risk	3.60	2.07	+1.53
Omega ratio: Gain probability vs. loss probability	1.49	1.27	+0.23
Calmar ratio: Return relative to maximum drawdown	4.04	2.47	+1.57
Martin ratio: Return relative to average drawdown	15.95	8.19	+7.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VPL vs. FICDX - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 2.76, which is higher than the FICDX Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of VPL and FICDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VPL	FICDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	1.50	+1.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.67	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.60	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.48	-0.14

Drawdowns

VPL vs. FICDX - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, roughly equal to the maximum FICDX drawdown of -58.09%. Use the drawdown chart below to compare losses from any high point for VPL and FICDX.

Drawdown Indicators

	VPL	FICDX	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-58.09%	+2.60%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-7.60%	-5.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-12.06%	-4.29%
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	-21.01%	-10.08%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-39.85%	+5.95%
Current Drawdown Current decline from peak	-0.28%	-0.52%	+0.24%
Average Drawdown Average peak-to-trough decline	-11.63%	-10.52%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	2.29%	+1.08%

Volatility

VPL vs. FICDX - Volatility Comparison

Vanguard FTSE Pacific ETF (VPL) has a higher volatility of 7.32% compared to Fidelity Canada Fund (FICDX) at 2.76%. This indicates that VPL's price experiences larger fluctuations and is considered to be riskier than FICDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPL	FICDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	2.76%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	16.71%	9.87%	+6.84%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	12.53%	+7.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	15.95%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	17.42%	-0.13%

VPL vs. FICDX - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than FICDX's 0.80% expense ratio.

Dividends

VPL vs. FICDX - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.73%, less than FICDX's 5.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FICDX Fidelity Canada Fund	5.28%	5.70%	7.44%	3.36%	4.11%	5.16%	2.56%	4.41%	7.33%	0.89%	1.63%	0.15%
VPL Vanguard FTSE Pacific ETF	2.73%	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 FICDX in my portfolio?

VPL and FICDX have a correlation of 0.56, 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 FICDX?

VPL has higher volatility (7.32%) compared to FICDX (2.76%). In terms of maximum drawdown, VPL dropped -55.49% vs FICDX's -58.09%.

Which has better risk-adjusted returns?

VPL currently has the higher Sharpe Ratio (2.76 vs 1.50), 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.