VPL vs. VPADX

Last updated Jul 14, 2026

VPL (Vanguard FTSE Pacific ETF) and VPADX (Vanguard Pacific Stock Index Fund Admiral Shares) are both Asia Pacific Equities funds from Vanguard. Over the past 10 years, VPL returned 9.72%/yr vs 10.12%/yr for VPADX. With a 0.96 correlation, they move nearly in lockstep. VPL charges 0.08%/yr vs 0.10%/yr for VPADX.

Performance

VPL vs. VPADX - Performance Comparison

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

Returns By Period

In the year-to-date period, VPL achieves a 21.68% return, which is significantly lower than VPADX's 25.55% return. Both investments have delivered pretty close results over the past 10 years, with VPL having a 9.72% annualized return and VPADX not far ahead at 10.12%.

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%

VPADX

• 1D: 0.59%
• 1M: -0.65%
• 6M: 19.27%
• YTD: 25.55%
• 1Y: 45.02%
• 3Y*: 21.49%
• 5Y*: 9.96%
• 10Y*: 10.12%

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

VPL vs. VPADX - 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%
VPADX Vanguard Pacific Stock Index Fund Admiral Shares	25.55%	33.15%	1.24%	15.55%	-15.24%	1.46%	16.56%	17.57%	-13.92%	28.62%

Correlation

The correlation between VPL and VPADX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005	0.96

The correlation between VPL and VPADX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

VPL vs. VPADX - Sectors Allocation Comparison

Sectors	VPL	VPADX
Technology	28.2%	28.2%
Industrials	18.5%	18.5%
Financial Services	17.8%	17.8%
Consumer Cyclical	9.4%	9.4%
Basic Materials	7.1%	7.1%
Communication Services	4.9%	4.9%
Healthcare	4.4%	4.4%
Real Estate	3.8%	3.8%
Consumer Defensive	3.2%	3.2%
Utilities	1.4%	1.4%
Energy	1.3%	1.3%

Return for Risk

VPL vs. VPADX — 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: 69
VPL Sortino Ratio Rank: 63
VPL Omega Ratio Rank: 71
VPL Calmar Ratio Rank: 75
VPL Martin Ratio Rank: 74

VPADX

VPADX Risk / Return Rank: 78
VPADX Sharpe Ratio Rank: 78
VPADX Sortino Ratio Rank: 67
VPADX Omega Ratio Rank: 77
VPADX Calmar Ratio Rank: 86
VPADX Martin Ratio Rank: 83

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. VPADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and Vanguard Pacific Stock Index Fund Admiral Shares (VPADX). 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	VPADX	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.02	-0.25
Sortino ratio: Return per unit of downside risk	2.33	2.57	-0.24
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.04
Calmar ratio: Return relative to maximum drawdown	3.05	3.30	-0.25
Martin ratio: Return relative to average drawdown	10.84	11.71	-0.86

VPL vs. VPADX - Sharpe Ratio Comparison

The current VPL Sharpe Ratio is 1.78, which is comparable to the VPADX Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of VPL and VPADX, 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. VPADX - Drawdown Comparison

The maximum VPL drawdown since its inception was -55.49%, roughly equal to the maximum VPADX drawdown of -55.28%. Use the drawdown chart below to compare losses from any high point for VPL and VPADX.

Drawdown Indicators

	VPL	VPADX	Difference
Max Drawdown Largest peak-to-trough decline	-55.49%	-55.28%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-13.41%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-16.37%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	-31.09%	-31.17%	+0.08%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	-33.67%	-0.23%
Current Drawdown Current decline from peak	-8.89%	-5.38%	-3.51%
Average Drawdown Average peak-to-trough decline	-11.60%	-11.72%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	3.78%	-0.04%

Volatility

VPL vs. VPADX - Volatility Comparison

Vanguard FTSE Pacific ETF (VPL) and Vanguard Pacific Stock Index Fund Admiral Shares (VPADX) have volatilities of 10.84% and 11.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VPL	VPADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.84%	11.17%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	20.79%	19.49%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	22.93%	21.91%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.10%	17.29%	+0.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.60%	16.58%	+1.02%

VPL vs. VPADX - Expense Ratio Comparison

VPL has a 0.08% expense ratio, which is lower than VPADX's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VPL vs. VPADX - Dividend Comparison

VPL's dividend yield for the trailing twelve months is around 2.75%, more than VPADX's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VPADX Vanguard Pacific Stock Index Fund Admiral Shares	2.65%	3.99%	3.13%	3.09%	2.73%	3.15%	1.79%	2.83%	3.03%	2.57%	2.65%	2.43%
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

Can I hold both VPL and VPADX in my portfolio?

With a correlation of 0.94, VPL and VPADX 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.

Which is riskier, VPL or VPADX?

VPADX has higher volatility (11.17%) compared to VPL (10.84%). In terms of maximum drawdown, VPL dropped -55.49% vs VPADX's -55.28%.

Which has better risk-adjusted returns?

VPADX currently has the higher Sharpe Ratio (2.02 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.