IHY vs. VYM
Compare and contrast key facts about VanEck Vectors International High Yield Bond ETF (IHY) and Vanguard High Dividend Yield ETF (VYM).
IHY and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHY is a passively managed fund by VanEck that tracks the performance of the Bank of America Merrill Lynch Global Ex-‐US Issuers High Yield Constrained Index. It was launched on Apr 2, 2012. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both IHY and VYM 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: IHY or VYM.
Key characteristics
| IHY | VYM | |
|---|---|---|
| YTD Return | 0.49% | 9.46% |
| 1Y Return | 10.35% | 20.83% |
| 3Y Return (Ann) | -2.62% | 7.80% |
| 5Y Return (Ann) | 1.74% | 10.63% |
| 10Y Return (Ann) | 2.00% | 10.04% |
| Sharpe Ratio | 1.48 | 2.05 |
| Daily Std Dev | 6.82% | 10.36% |
| Max Drawdown | -27.63% | -56.98% |
| Current Drawdown | -8.29% | 0.00% |
Correlation
The correlation between IHY and VYM is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IHY vs. VYM - Performance Comparison
In the year-to-date period, IHY achieves a 0.49% return, which is significantly lower than VYM's 9.46% return. Over the past 10 years, IHY has underperformed VYM with an annualized return of 2.00%, while VYM has yielded a comparatively higher 10.04% annualized 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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IHY vs. VYM - Expense Ratio Comparison
IHY has a 0.40% expense ratio, which is higher than VYM's 0.06% expense ratio.
Risk-Adjusted Performance
IHY vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors International High Yield Bond ETF (IHY) and Vanguard High Dividend Yield ETF (VYM). 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
IHY vs. VYM - Dividend Comparison
IHY's dividend yield for the trailing twelve months is around 5.42%, more than VYM's 2.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHY VanEck Vectors International High Yield Bond ETF | 5.42% | 5.27% | 4.97% | 4.55% | 4.65% | 4.86% | 4.70% | 4.37% | 5.11% | 5.79% | 5.74% | 6.48% |
VYM Vanguard High Dividend Yield ETF | 2.81% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
IHY vs. VYM - Drawdown Comparison
The maximum IHY drawdown since its inception was -27.63%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for IHY and VYM. For additional features, visit the drawdowns tool.
Volatility
IHY vs. VYM - Volatility Comparison
The current volatility for VanEck Vectors International High Yield Bond ETF (IHY) is 1.48%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 2.34%. This indicates that IHY experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.