VPL vs. MKOR

Last updated Jun 4, 2026

VPL (Vanguard FTSE Pacific ETF) and MKOR (Matthews Korea Active ETF) are both Asia Pacific Equities funds. VPL is passively managed, while MKOR is actively managed. Over the past year, VPL returned 53.61% vs 187.66% for MKOR. A 0.71 correlation means they provide meaningful diversification when combined. VPL charges 0.08%/yr vs 0.79%/yr for MKOR.

Performance

VPL vs. MKOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Pacific ETF (VPL) and Matthews Korea Active ETF (MKOR). 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 lower than MKOR's 96.84% return.

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%

MKOR

• 1D: -0.99%
• 1M: 16.82%
• YTD: 96.84%
• 6M: 107.34%
• 1Y: 187.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VPL vs. MKOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VPL Vanguard FTSE Pacific ETF	30.29%	32.66%	1.68%	3.33%
MKOR Matthews Korea Active ETF	96.84%	70.33%	-15.76%	-2.16%

Correlation

The correlation between VPL and MKOR is 0.78, 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	0.78
Correlation (All Time) Calculated using the full available price history since Jul 18, 2023	0.72

The correlation between VPL and MKOR has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

VPL vs. MKOR - Sectors Allocation Comparison

Sectors	VPL	MKOR
Technology	22.6%	56.1%
Industrials	20.5%	15.0%
Financial Services	19.3%	8.0%
Consumer Cyclical	9.6%	7.0%
Basic Materials	7.3%	0.8%
Healthcare	5.0%	1.5%
Communication Services	4.8%	2.1%
Real Estate	4.3%	-
Consumer Defensive	3.5%	1.7%
Energy	1.6%	0.6%
Utilities	1.6%	0.6%

Return for Risk

VPL vs. MKOR — 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

MKOR

MKOR Risk / Return Rank: 96
MKOR Sharpe Ratio Rank: 97
MKOR Sortino Ratio Rank: 94
MKOR Omega Ratio Rank: 94
MKOR Calmar Ratio Rank: 96
MKOR Martin Ratio Rank: 96

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. MKOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and Matthews Korea Active ETF (MKOR). 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	MKOR	Difference
Sharpe ratio: Return per unit of total volatility	2.76	5.08	-2.33
Sortino ratio: Return per unit of downside risk	3.60	4.94	-1.35
Omega ratio: Gain probability vs. loss probability	1.49	1.70	-0.20
Calmar ratio: Return relative to maximum drawdown	4.04	9.16	-5.12
Martin ratio: Return relative to average drawdown	15.95	35.31	-19.35
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. MKOR - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 2.76, which is lower than the MKOR Sharpe Ratio of 5.08. The chart below compares the historical Sharpe Ratios of VPL and MKOR, 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	MKOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	5.08	-2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.57	-1.23

Drawdowns

VPL vs. MKOR - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, which is greater than MKOR's maximum drawdown of -22.09%. Use the drawdown chart below to compare losses from any high point for VPL and MKOR.

Drawdown Indicators

	VPL	MKOR	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-22.09%	-33.40%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-20.62%	+7.29%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-0.28%	-2.27%	+1.99%
Average Drawdown Average peak-to-trough decline	-11.63%	-6.22%	-5.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	5.34%	-1.97%

Volatility

VPL vs. MKOR - Volatility Comparison

The current volatility for Vanguard FTSE Pacific ETF (VPL) is 7.32%, while Matthews Korea Active ETF (MKOR) has a volatility of 17.87%. This indicates that VPL experiences smaller price fluctuations and is considered to be less risky than MKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPL	MKOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	17.87%	-10.55%
Volatility (6M) Calculated over the trailing 6-month period	16.71%	33.29%	-16.58%
Volatility (1Y) Calculated over the trailing 1-year period	19.55%	37.15%	-17.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.29%	27.06%	-9.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.29%	27.06%	-9.77%

VPL vs. MKOR - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than MKOR's 0.79% expense ratio.

Dividends

VPL vs. MKOR - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.73%, more than MKOR's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MKOR Matthews Korea Active ETF	1.33%	2.62%	5.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 MKOR in my portfolio?

VPL and MKOR have a correlation of 0.78, 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 MKOR?

MKOR has higher volatility (17.87%) compared to VPL (7.32%). In terms of maximum drawdown, VPL dropped -55.49% vs MKOR's -22.09%.

Which ETF is better, VPL or MKOR?

On 1-year performance, MKOR leads with 187.66% vs 53.61% for VPL. On fees, VPL is cheaper at 0.08% per year. On volatility, VPL has been the lower-risk option at 7.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VPL or MKOR?

Over the 1-year period, MKOR has performed better with a 187.66% return vs 53.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VPL or MKOR?

VPL is cheaper with a 0.08% expense ratio, compared with 0.79% for MKOR.

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

VPL has the higher dividend yield at 2.73%, compared with 1.33% for MKOR.

What is the main difference between VPL and MKOR?

They also come from different issuers: Vanguard and Matthews. Their fees differ too: 0.08% for VPL and 0.79% for MKOR.

Which has better risk-adjusted returns?

MKOR currently has the higher Sharpe Ratio (5.08 vs 2.76), 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.