VPL vs. OPPJ
VPL (Vanguard FTSE Pacific ETF) and OPPJ (WisdomTree Japan Opportunities ETF) are both exchange-traded funds - VPL is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific Index, while OPPJ is a Japan Equities fund tracking the WisdomTree Japan Opportunities Index. Both are passively managed. Over the past 10 years, VPL returned 9.72%/yr vs 17.19%/yr for OPPJ. A 0.70 correlation means they provide meaningful diversification when combined. VPL charges 0.08%/yr vs 0.58%/yr for OPPJ.
Performance
VPL vs. OPPJ - Performance Comparison
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Returns By Period
In the year-to-date period, VPL achieves a 21.68% return, which is significantly lower than OPPJ's 23.60% return. Over the past 10 years, VPL has underperformed OPPJ with an annualized return of 9.72%, while OPPJ has yielded a comparatively higher 17.19% annualized return.
VPL
- 1D
- -3.32%
- 1M
- -4.08%
- 6M
- 15.16%
- YTD
- 21.68%
- 1Y
- 40.48%
- 3Y*
- 19.23%
- 5Y*
- 9.14%
- 10Y*
- 9.72%
OPPJ
- 1D
- -2.10%
- 1M
- -2.08%
- 6M
- 14.84%
- YTD
- 23.60%
- 1Y
- 59.51%
- 3Y*
- 33.02%
- 5Y*
- 24.42%
- 10Y*
- 17.19%
VPL vs. OPPJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 21.68% | 32.66% | 1.68% | 15.58% | -15.20% | 1.10% | 16.65% | 18.16% | -14.40% | 28.85% |
OPPJ WisdomTree Japan Opportunities ETF | 23.60% | 37.08% | 20.70% | 38.96% | 5.02% | 11.66% | -3.22% | 18.24% | -18.69% | 29.56% |
Correlation
The correlation between VPL and OPPJ is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.70 |
The correlation between VPL and OPPJ has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
VPL vs. OPPJ — Risk / Return Rank
VPL
OPPJ
VPL vs. OPPJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and WisdomTree Japan Opportunities ETF (OPPJ). 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 | OPPJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.47 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 6.09 | -3.04 |
| Martin ratioReturn relative to average drawdown | 10.84 | 19.33 | -8.48 |
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Drawdowns
VPL vs. OPPJ - Drawdown Comparison
The maximum VPL drawdown since its inception was -55.49%, which is greater than OPPJ's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VPL and OPPJ.
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Drawdown Indicators
| VPL | OPPJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -39.30% | -16.19% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -9.82% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -16.49% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -16.49% | -14.60% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -39.30% | +5.40% |
Current DrawdownCurrent decline from peak | -8.89% | -6.21% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -6.48% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.09% | +0.65% |
Volatility
VPL vs. OPPJ - Volatility Comparison
Vanguard FTSE Pacific ETF (VPL) has a higher volatility of 10.84% compared to WisdomTree Japan Opportunities ETF (OPPJ) at 8.02%. This indicates that VPL's price experiences larger fluctuations and is considered to be riskier than OPPJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPL | OPPJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 8.02% | +2.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 17.12% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.93% | 21.04% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 18.31% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 19.55% | -1.95% |
VPL vs. OPPJ - Expense Ratio Comparison
VPL has a 0.08% expense ratio, which is lower than OPPJ's 0.58% expense ratio.
Dividends
VPL vs. OPPJ - Dividend Comparison
VPL's dividend yield for the trailing twelve months is around 2.75%, more than OPPJ's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPPJ WisdomTree Japan Opportunities ETF | 1.13% | 1.78% | 4.02% | 2.71% | 2.63% | 2.96% | 3.04% | 2.17% | 2.06% | 1.53% | 1.66% | 3.61% |
VPL Vanguard FTSE Pacific ETF | 2.75% | 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
VPL and OPPJ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPL has higher volatility (10.84%) compared to OPPJ (8.02%). In terms of maximum drawdown, VPL dropped -55.49% vs OPPJ's -39.30%.
On 10-year performance, OPPJ leads with 17.19% vs 9.72% for VPL. On fees, VPL is cheaper at 0.08% per year. On volatility, OPPJ has been the lower-risk option at 8.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, OPPJ has performed better with a 17.19% return vs 9.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPL is cheaper with a 0.08% expense ratio, compared with 0.58% for OPPJ.
VPL has the higher dividend yield at 2.75%, compared with 1.13% for OPPJ.
VPL is categorized as Asia Pacific Equities, while OPPJ is Japan Equities. VPL tracks FTSE Developed Asia Pacific Index, while OPPJ tracks WisdomTree Japan Opportunities Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.08% for VPL and 0.58% for OPPJ.
OPPJ currently has the higher Sharpe Ratio (2.85 vs 1.78), 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.
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