HFXI vs. VIGI
Compare and contrast key facts about IQ 50 Percent Hedged FTSE International ETF (HFXI) and Vanguard International Dividend Appreciation ETF (VIGI).
HFXI and VIGI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HFXI is a passively managed fund by New York Life that tracks the performance of the FTSE Developed ex North America 50% Hedged to USD Index. It was launched on Jul 22, 2015. VIGI is a passively managed fund by Vanguard that tracks the performance of the NASDAQ International DividendAchieversSelect Index. It was launched on Feb 25, 2016. Both HFXI and VIGI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFXI or VIGI.
Key characteristics
| HFXI | VIGI | |
|---|---|---|
| YTD Return | 7.86% | 6.13% |
| 1Y Return | 16.08% | 16.89% |
| 3Y Return (Ann) | 4.48% | 0.72% |
| 5Y Return (Ann) | 7.68% | 6.76% |
| Sharpe Ratio | 1.43 | 1.48 |
| Sortino Ratio | 2.01 | 2.14 |
| Omega Ratio | 1.26 | 1.26 |
| Calmar Ratio | 1.83 | 1.21 |
| Martin Ratio | 7.76 | 7.52 |
| Ulcer Index | 2.12% | 2.26% |
| Daily Std Dev | 11.51% | 11.54% |
| Max Drawdown | -32.42% | -31.01% |
| Current Drawdown | -5.48% | -6.73% |
Correlation
The correlation between HFXI and VIGI is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HFXI vs. VIGI - Performance Comparison
In the year-to-date period, HFXI achieves a 7.86% return, which is significantly higher than VIGI's 6.13% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFXI vs. VIGI - Expense Ratio Comparison
HFXI has a 0.20% expense ratio, which is higher than VIGI's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
HFXI vs. VIGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ 50 Percent Hedged FTSE International ETF (HFXI) and Vanguard International Dividend Appreciation ETF (VIGI). 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.
Dividends
HFXI vs. VIGI - Dividend Comparison
HFXI's dividend yield for the trailing twelve months is around 2.39%, more than VIGI's 2.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFXI IQ 50 Percent Hedged FTSE International ETF | 2.39% | 2.49% | 4.65% | 3.10% | 2.00% | 3.19% | 4.33% | 2.55% | 3.47% | 0.78% |
VIGI Vanguard International Dividend Appreciation ETF | 2.00% | 1.92% | 2.06% | 7.02% | 1.29% | 1.83% | 1.99% | 1.75% | 0.98% | 0.00% |
Drawdowns
HFXI vs. VIGI - Drawdown Comparison
The maximum HFXI drawdown since its inception was -32.42%, roughly equal to the maximum VIGI drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for HFXI and VIGI. For additional features, visit the drawdowns tool.
Volatility
HFXI vs. VIGI - Volatility Comparison
IQ 50 Percent Hedged FTSE International ETF (HFXI) and Vanguard International Dividend Appreciation ETF (VIGI) have volatilities of 3.42% 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.