VTPSX vs. VESIX
VTPSX (Vanguard Total International Stock Index Fund Institutional Plus Shares) and VESIX (Vanguard European Stock Index Fund Institutional Shares) are both mutual funds - VTPSX is a Foreign Large Cap Equities fund managed by Vanguard, while VESIX is a Europe Equities fund managed by Vanguard. Over the past 10 years, VTPSX returned 9.80%/yr vs 9.26%/yr for VESIX. Their correlation of 0.94 suggests significant overlap in exposure. VTPSX charges 0.07%/yr vs 0.08%/yr for VESIX.
Performance
VTPSX vs. VESIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTPSX achieves a 14.49% return, which is significantly higher than VESIX's 5.77% return. Over the past 10 years, VTPSX has outperformed VESIX with an annualized return of 9.80%, while VESIX has yielded a comparatively lower 9.26% annualized return.
VTPSX
- 1D
- -0.81%
- 1M
- 3.56%
- YTD
- 14.49%
- 6M
- 16.99%
- 1Y
- 31.54%
- 3Y*
- 19.52%
- 5Y*
- 8.49%
- 10Y*
- 9.80%
VESIX
- 1D
- -1.24%
- 1M
- 1.32%
- YTD
- 5.77%
- 6M
- 8.92%
- 1Y
- 17.51%
- 3Y*
- 16.40%
- 5Y*
- 8.26%
- 10Y*
- 9.26%
VTPSX vs. VESIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 14.49% | 32.25% | 5.39% | 15.31% | -15.99% | 8.64% | 11.29% | 21.57% | -14.40% | 27.56% |
VESIX Vanguard European Stock Index Fund Institutional Shares | 5.77% | 35.43% | 2.02% | 20.03% | -16.07% | 16.31% | 6.46% | 24.24% | -14.78% | 27.05% |
Correlation
The correlation between VTPSX and VESIX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.94 |
The correlation between VTPSX and VESIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
VTPSX vs. VESIX — Risk / Return Rank
VTPSX
VESIX
VTPSX vs. VESIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) and Vanguard European Stock Index Fund Institutional Shares (VESIX). 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.
| VTPSX | VESIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.52 | +1.35 |
| Martin ratioReturn relative to average drawdown | 11.37 | 5.62 | +5.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTPSX | VESIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.20 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.48 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.51 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.26 | +0.18 |
Drawdowns
VTPSX vs. VESIX - Drawdown Comparison
The maximum VTPSX drawdown since its inception was -35.77%, smaller than the maximum VESIX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for VTPSX and VESIX.
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Drawdown Indicators
| VTPSX | VESIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.77% | -63.25% | +27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -11.96% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.14% | -13.94% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -29.54% | -32.68% | +3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -35.77% | -36.85% | +1.08% |
Current DrawdownCurrent decline from peak | -0.81% | -2.36% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -15.22% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 3.23% | -0.38% |
Volatility
VTPSX vs. VESIX - Volatility Comparison
The current volatility for Vanguard Total International Stock Index Fund Institutional Plus Shares (VTPSX) is 4.87%, while Vanguard European Stock Index Fund Institutional Shares (VESIX) has a volatility of 5.38%. This indicates that VTPSX experiences smaller price fluctuations and is considered to be less risky than VESIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTPSX | VESIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 5.38% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 12.58% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 15.24% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 17.39% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 18.24% | -2.31% |
VTPSX vs. VESIX - Expense Ratio Comparison
VTPSX has a 0.07% expense ratio, which is lower than VESIX's 0.08% 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
VTPSX vs. VESIX - Dividend Comparison
VTPSX's dividend yield for the trailing twelve months is around 2.65%, less than VESIX's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESIX Vanguard European Stock Index Fund Institutional Shares | 2.81% | 2.86% | 3.60% | 3.15% | 3.25% | 3.04% | 2.10% | 3.28% | 3.95% | 2.72% | 3.54% | 3.27% |
VTPSX Vanguard Total International Stock Index Fund Institutional Plus Shares | 2.65% | 3.18% | 3.37% | 3.25% | 3.09% | 3.09% | 2.13% | 3.08% | 3.20% | 2.77% | 2.97% | 2.89% |
Frequently Asked Questions
With a correlation of 0.91, VTPSX and VESIX 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.
VESIX has higher volatility (5.38%) compared to VTPSX (4.87%). In terms of maximum drawdown, VTPSX dropped -35.77% vs VESIX's -63.25%.
VTPSX currently has the higher Sharpe Ratio (2.29 vs 1.20), 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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