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EWW vs. VYMI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EWW vs. VYMI

Last updated Aug 4, 2026
Documentation

EWW (iShares MSCI Mexico ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - EWW is a Latin America Equities fund tracking the MSCI Mexico IMI 25/50 Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, EWW returned 7.05%/yr vs 10.95%/yr for VYMI. Their 0.65 correlation means they have sometimes moved together and sometimes differently. EWW charges 0.50%/yr vs 0.07%/yr for VYMI.

Performance

EWW vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Mexico ETF (EWW) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EWW achieves a 12.04% return, which is significantly lower than VYMI's 17.63% return. Over the past 10 years, EWW has underperformed VYMI with an annualized return of 7.05%, while VYMI has yielded a comparatively higher 10.95% annualized return.

EWW

1D
-0.34%
1M
1.39%
6M
2.98%
YTD
12.04%
1Y
32.83%
3Y*
10.69%
5Y*
12.92%
10Y*
7.05%
ALL TIME*
8.92%

VYMI

1D
0.18%
1M
4.51%
6M
10.61%
YTD
17.63%
1Y
34.92%
3Y*
22.71%
5Y*
13.91%
10Y*
10.95%
ALL TIME*
11.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EWW

iShares MSCI Mexico ETF
$81.87M$77.20M$92.45M

VYMI

Vanguard International High Dividend Yield ETF
$79.97M$82.29M$91.79M

EWW vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EWW
iShares MSCI Mexico ETF		12.04%53.65%-28.22%40.32%1.24%20.27%-3.06%12.64%-14.58%14.47%
VYMI
Vanguard International High Dividend Yield ETF		17.63%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%

Correlation

The correlation between EWW and VYMI is 0.66, 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.

0.66

Correlation (3Y)
Balances recent behavior with more history.

0.61

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.64

Correlation (10Y)
Provides a long-term view across more market conditions.

0.64

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.65

The correlation between EWW and VYMI has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

EWW vs. VYMI - Sectors Allocation Comparison

Sectors
EWW
VYMI

Basic Materials

24.7%
6.5%

Consumer Defensive

24.4%
6.7%

Financial Services

19.7%
42.4%

Industrials

12.5%
6.1%

Communication Services

10.1%
3.5%

Real Estate

6.5%
1.1%

Consumer Cyclical

1.1%
6.0%

Healthcare

0.5%
6.5%

Energy

-

7.9%

Technology

-

5.3%

Utilities

-

5.2%

Basic Materials

EWW
24.7%
VYMI
6.5%

Consumer Defensive

EWW
24.4%
VYMI
6.7%

Financial Services

EWW
19.7%
VYMI
42.4%

Industrials

EWW
12.5%
VYMI
6.1%

Communication Services

EWW
10.1%
VYMI
3.5%

Real Estate

EWW
6.5%
VYMI
1.1%

Consumer Cyclical

EWW
1.1%
VYMI
6.0%

Healthcare

EWW
0.5%
VYMI
6.5%

Energy

EWW

-

VYMI
7.9%

Technology

EWW

-

VYMI
5.3%

Utilities

EWW

-

VYMI
5.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Mexico ETF

Vanguard International High Dividend Yield ETF

Often compared with EWW:
EWW vs. EWZEWW vs. FLMXEWW vs. ILFEWW vs. SPYEWW vs. VOOEWW vs. MEXXEWW vs. ECH
Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VXUS

Return for Risk

EWW vs. VYMI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EWW
EWW Risk / Return Rank: 6262
Overall Rank
EWW Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
EWW Sortino Ratio Rank: 6161
Sortino Ratio Rank
EWW Omega Ratio Rank: 5959
Omega Ratio Rank
EWW Calmar Ratio Rank: 6666
Calmar Ratio Rank
EWW Martin Ratio Rank: 6262
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 9191
Overall Rank
VYMI Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 9393
Sortino Ratio Rank
VYMI Omega Ratio Rank: 9393
Omega Ratio Rank
VYMI Calmar Ratio Rank: 8787
Calmar Ratio Rank
VYMI Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EWW vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) and Vanguard International High Dividend Yield ETF (VYMI). 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.

EWWVYMIDifference
Sharpe ratioReturn per unit of total volatility
1.50
2.66

-1.16

Sortino ratioReturn per unit of downside risk
2.12
3.61

-1.50

Omega ratioGain probability vs. loss probability

1.26

1.48

-0.21

Calmar ratioReturn relative to maximum drawdown

2.36

3.46

-1.10

Martin ratioReturn relative to average drawdown

7.62

13.66

-6.04

EWW vs. VYMI - Sharpe Ratio Comparison

The current EWW Sharpe Ratio is 1.50, which is lower than the VYMI Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of EWW and VYMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EWW vs. VYMI - Drawdown Comparison

The maximum EWW drawdown since its inception was -64.94%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for EWW and VYMI.

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Drawdown Indicators

EWWVYMIDifference

Max Drawdown

Largest peak-to-trough decline

-64.94%

-40.00%

-24.94%

Max Drawdown (1Y)

Largest decline over 1 year

-13.98%

-10.14%

-3.84%

Max Drawdown (3Y)

Largest decline over 3 years

-31.17%

-12.84%

-18.33%

Max Drawdown (5Y)

Largest decline over 5 years

-31.17%

-24.05%

-7.12%

Max Drawdown (10Y)

Largest decline over 10 years

-53.62%

-40.00%

-13.62%

Current Drawdown

Current decline from peak

-4.37%

-0.33%

-4.04%

Average Drawdown

Average peak-to-trough decline

-18.45%

-6.22%

-12.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.32%

2.56%

+1.76%

Volatility

EWW vs. VYMI - Volatility Comparison

iShares MSCI Mexico ETF (EWW) has a higher volatility of 5.26% compared to Vanguard International High Dividend Yield ETF (VYMI) at 3.40%. This indicates that EWW's price experiences larger fluctuations and is considered to be riskier than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EWWVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.26%

3.40%

+1.86%

Volatility (6M)

Calculated over the trailing 6-month period

18.05%

11.31%

+6.74%

Volatility (1Y)

Calculated over the trailing 1-year period

22.07%

13.24%

+8.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.57%

14.85%

+7.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.25%

16.55%

+8.70%

EWW vs. VYMI - Expense Ratio Comparison

EWW has a 0.50% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

EWW vs. VYMI - Dividend Comparison

EWW's dividend yield for the trailing twelve months is around 3.22%, less than VYMI's 3.47% yield.

PositionTTM20252024202320222021202020192018201720162015
EWW
iShares MSCI Mexico ETF		3.22%3.48%4.39%2.19%3.64%2.06%1.43%2.92%2.30%2.22%1.77%2.34%
VYMI
Vanguard International High Dividend Yield ETF		3.47%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%0.00%

Frequently Asked Questions

EWW and VYMI have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EWW has higher volatility (5.26%) compared to VYMI (3.40%). In terms of maximum drawdown, EWW dropped -64.94% vs VYMI's -40.00%.

On 10-year performance, VYMI leads with 10.95% vs 7.05% for EWW. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 3.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VYMI has performed better with a 10.95% return vs 7.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYMI is cheaper with a 0.07% expense ratio, compared with 0.50% for EWW.

VYMI has the higher dividend yield at 3.47%, compared with 3.22% for EWW.

EWW is categorized as Latin America Equities, while VYMI is Dividend. EWW tracks MSCI Mexico IMI 25/50 Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for EWW and 0.07% for VYMI.

VYMI currently has the higher Sharpe Ratio (2.66 vs 1.50), 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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