HFQTX vs. VYMI

Last updated Aug 5, 2026

HFQTX (Janus Henderson Global Equity Income Fund Class T) and VYMI (Vanguard International High Dividend Yield ETF) are both funds - HFQTX is a Global Equity Income fund tracking the MSCI World 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 5 years, HFQTX returned 11.76%/yr vs 13.93%/yr for VYMI. Their correlation of 0.90 means they have usually moved in the same direction. HFQTX charges 0.95%/yr vs 0.07%/yr for VYMI.

Performance

HFQTX vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Global Equity Income Fund Class T (HFQTX) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with HFQTX having a 17.82% return and VYMI slightly higher at 18.16%.

HFQTX

• 1D: 0.36%
• 1M: 3.64%
• 6M: 8.41%
• YTD: 17.82%
• 1Y: 28.83%
• 3Y*: 19.75%
• 5Y*: 11.76%
• 10Y*: —
• ALL TIME*: 8.63%

VYMI

• 1D: 0.45%
• 1M: 4.99%
• 6M: 10.02%
• YTD: 18.16%
• 1Y: 33.89%
• 3Y*: 22.89%
• 5Y*: 13.93%
• 10Y*: 11.00%
• ALL TIME*: 11.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HFQTX Janus Henderson Global Equity Income Fund Class T	$0.00	$0.00	$0.00
VYMI Vanguard International High Dividend Yield ETF	$81.12M	$82.35M	$91.64M

HFQTX vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFQTX Janus Henderson Global Equity Income Fund Class T	17.82%	29.80%	7.08%	10.40%	-6.41%	12.85%	1.59%	21.13%	-15.74%	7.75%
VYMI Vanguard International High Dividend Yield ETF	18.16%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	9.12%

Correlation

The correlation between HFQTX and VYMI is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.88
Correlation (3Y) Balances recent behavior with more history.	0.87
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Jun 9, 2017	0.90

The correlation between HFQTX and VYMI has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

Return for Risk

HFQTX vs. VYMI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HFQTX

HFQTX Risk / Return Rank: 87
HFQTX Sharpe Ratio Rank: 94
HFQTX Sortino Ratio Rank: 90
HFQTX Omega Ratio Rank: 91
HFQTX Calmar Ratio Rank: 83
HFQTX Martin Ratio Rank: 80

VYMI

VYMI Risk / Return Rank: 88
VYMI Sharpe Ratio Rank: 92
VYMI Sortino Ratio Rank: 91
VYMI Omega Ratio Rank: 91
VYMI Calmar Ratio Rank: 82
VYMI Martin Ratio Rank: 85

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.

HFQTX vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Equity Income Fund Class T (HFQTX) 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.

	HFQTX	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.59	-0.07
Sortino ratio: Return per unit of downside risk	3.39	3.52	-0.13
Omega ratio: Gain probability vs. loss probability	1.48	1.47	+0.01
Calmar ratio: Return relative to maximum drawdown	3.02	3.36	-0.34
Martin ratio: Return relative to average drawdown	10.85	13.26	-2.41

HFQTX vs. VYMI - Sharpe Ratio Comparison

The current HFQTX Sharpe Ratio is 2.52, which is comparable to the VYMI Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of HFQTX 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.

Drawdowns

HFQTX vs. VYMI - Drawdown Comparison

The maximum HFQTX drawdown since its inception was -34.53%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for HFQTX and VYMI.

Drawdown Indicators

	HFQTX	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-40.00%	+5.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.02%	-10.14%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.18%	-12.84%	+0.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.72%	-24.05%	+2.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.00%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.68%	-6.22%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.56%	+0.23%

Volatility

HFQTX vs. VYMI - Volatility Comparison

The current volatility for Janus Henderson Global Equity Income Fund Class T (HFQTX) is 2.95%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 3.30%. This indicates that HFQTX experiences smaller price fluctuations and is considered to be less risky than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFQTX	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.30%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	11.30%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	13.22%	-1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	14.85%	-1.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	16.55%	-1.70%

HFQTX vs. VYMI - Expense Ratio Comparison

HFQTX has a 0.95% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

HFQTX vs. VYMI - Dividend Comparison

HFQTX's dividend yield for the trailing twelve months is around 5.97%, more than VYMI's 3.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HFQTX Janus Henderson Global Equity Income Fund Class T	5.97%	6.80%	8.18%	8.08%	8.26%	7.10%	7.47%	6.99%	7.85%	5.06%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.46%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both HFQTX and VYMI in my portfolio?

HFQTX and VYMI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HFQTX or VYMI?

VYMI has higher volatility (3.30%) compared to HFQTX (2.95%). In terms of maximum drawdown, HFQTX dropped -34.53% vs VYMI's -40.00%.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.59 vs 2.52), 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.