CVFCX vs. VIHAX
CVFCX (Pioneer Disciplined Value Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both Large Cap Value Equities funds. Over the past 10 years, CVFCX returned 11.30%/yr vs 11.24%/yr for VIHAX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. CVFCX charges 0.91%/yr vs 0.16%/yr for VIHAX.
Performance
CVFCX vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, CVFCX achieves a 12.17% return, which is significantly lower than VIHAX's 17.32% return. Both investments have delivered pretty close results over the past 10 years, with CVFCX having a 11.30% annualized return and VIHAX not far behind at 11.24%.
CVFCX
- 1D
- 0.27%
- 1M
- 2.47%
- 6M
- 7.80%
- YTD
- 12.17%
- 1Y
- 24.37%
- 3Y*
- 13.35%
- 5Y*
- 9.49%
- 10Y*
- 11.30%
- ALL TIME*
- 8.49%
VIHAX
- 1D
- -0.62%
- 1M
- 4.34%
- 6M
- 10.32%
- YTD
- 17.32%
- 1Y
- 34.48%
- 3Y*
- 21.86%
- 5Y*
- 14.01%
- 10Y*
- 11.24%
- ALL TIME*
- 11.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CVFCX vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 12.17% | 17.37% | 12.11% | 8.19% | -9.69% | 27.72% | 5.64% | 29.54% | -13.17% | 21.67% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 17.32% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between CVFCX and VIHAX is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.57 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.75 |
The correlation between CVFCX and VIHAX shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVFCX vs. VIHAX — Risk / Return Rank
CVFCX
VIHAX
CVFCX vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pioneer Disciplined Value Fund (CVFCX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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.
| CVFCX | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.53 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 3.63 | -0.81 |
| Martin ratioReturn relative to average drawdown | 8.98 | 13.90 | -4.92 |
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Drawdowns
CVFCX vs. VIHAX - Drawdown Comparison
The maximum CVFCX drawdown since its inception was -55.99%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for CVFCX and VIHAX.
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Drawdown Indicators
| CVFCX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.99% | -38.80% | -17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -9.53% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.88% | -12.29% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -23.92% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | -38.80% | +3.48% |
Current DrawdownCurrent decline from peak | -0.82% | -0.62% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -10.57% | -5.94% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.49% | +0.06% |
Volatility
CVFCX vs. VIHAX - Volatility Comparison
Pioneer Disciplined Value Fund (CVFCX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) have volatilities of 3.48% and 3.46%, 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.
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Volatility by Period
| CVFCX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.46% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 10.28% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 12.13% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 13.76% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 15.55% | +2.22% |
CVFCX vs. VIHAX - Expense Ratio Comparison
CVFCX has a 0.91% expense ratio, which is higher than VIHAX's 0.16% expense ratio.
Dividends
CVFCX vs. VIHAX - Dividend Comparison
CVFCX's dividend yield for the trailing twelve months is around 5.22%, more than VIHAX's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVFCX Pioneer Disciplined Value Fund | 5.22% | 5.85% | 4.65% | 2.14% | 12.02% | 23.77% | 1.25% | 1.20% | 18.94% | 15.22% | 0.95% | 25.02% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.45% | 3.69% | 4.85% | 4.58% | 4.70% | 4.30% | 3.22% | 5.63% | 4.28% | 3.16% | 2.37% | 0.00% |
Frequently Asked Questions
CVFCX and VIHAX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVFCX has higher volatility (3.48%) compared to VIHAX (3.46%). In terms of maximum drawdown, CVFCX dropped -55.99% vs VIHAX's -38.80%.
VIHAX currently has the higher Sharpe Ratio (2.86 vs 1.98), 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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