GF vs. VIHAX
GF (The New Germany Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - GF is a Foreign Large Cap Equities fund managed by DWS, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 10 years, GF returned 8.02%/yr vs 11.25%/yr for VIHAX. Their 0.67 correlation means they have sometimes moved together and sometimes differently. GF charges 0.01%/yr vs 0.16%/yr for VIHAX.
Performance
GF vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, GF achieves a -0.63% return, which is significantly lower than VIHAX's 18.05% return. Over the past 10 years, GF has underperformed VIHAX with an annualized return of 8.02%, while VIHAX has yielded a comparatively higher 11.25% annualized return.
GF
- 1D
- -1.06%
- 1M
- -3.20%
- 6M
- -4.96%
- YTD
- -0.63%
- 1Y
- 0.16%
- 3Y*
- 8.42%
- 5Y*
- -3.94%
- 10Y*
- 8.02%
- ALL TIME*
- 3.88%
VIHAX
- 1D
- 2.01%
- 1M
- 4.98%
- 6M
- 11.54%
- YTD
- 18.05%
- 1Y
- 35.31%
- 3Y*
- 21.69%
- 5Y*
- 14.15%
- 10Y*
- 11.25%
- ALL TIME*
- 11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $342.45K | $308.40K | $485.94K | |
| $0.00 | $0.00 | $0.00 |
GF vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | -0.63% | 48.34% | -9.96% | 11.66% | -42.21% | 7.92% | 38.43% | 38.75% | -21.55% | 54.50% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 18.05% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between GF and VIHAX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.67 |
The correlation between GF and VIHAX shifts across timeframes, from 0.49 (1 year) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GF vs. VIHAX — Risk / Return Rank
GF
VIHAX
GF vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The New Germany Fund (GF) 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.
| GF | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -3.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.52 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.62 | -3.75 |
| Martin ratioReturn relative to average drawdown | -0.37 | 13.83 | -14.20 |
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Drawdowns
GF vs. VIHAX - Drawdown Comparison
The maximum GF drawdown since its inception was -85.97%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for GF and VIHAX.
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Drawdown Indicators
| GF | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.97% | -38.80% | -47.17% |
Max Drawdown (1Y)Largest decline over 1 year | -18.07% | -9.53% | -8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -18.07% | -12.29% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -53.83% | -23.92% | -29.91% |
Max Drawdown (10Y)Largest decline over 10 years | -53.83% | -38.80% | -15.03% |
Current DrawdownCurrent decline from peak | -21.10% | 0.00% | -21.10% |
Average DrawdownAverage peak-to-trough decline | -33.87% | -5.94% | -27.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 2.49% | +4.03% |
Volatility
GF vs. VIHAX - Volatility Comparison
The New Germany Fund (GF) has a higher volatility of 5.23% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.47%. This indicates that GF's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GF | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 3.47% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 16.42% | 10.27% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 12.15% | +7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 13.77% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.58% | 15.55% | +5.03% |
GF vs. VIHAX - Expense Ratio Comparison
GF has a 0.01% expense ratio, which is lower than VIHAX's 0.16% 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
GF vs. VIHAX - Dividend Comparison
GF's dividend yield for the trailing twelve months is around 2.53%, less than VIHAX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GF The New Germany Fund | 2.53% | 1.30% | 0.92% | 0.80% | 9.74% | 39.51% | 12.92% | 3.29% | 31.23% | 3.82% | 9.05% | 8.37% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.43% | 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
GF and VIHAX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GF has higher volatility (5.23%) compared to VIHAX (3.47%). In terms of maximum drawdown, GF dropped -85.97% vs VIHAX's -38.80%.
VIHAX currently has the higher Sharpe Ratio (2.85 vs -0.12), 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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