IMTM vs. VYMI

Last updated Jun 4, 2026

IMTM (iShares MSCI Intl Momentum Factor ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - IMTM is a Momentum fund tracking the MSCI World ex USA Momentum, 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, IMTM returned 10.29%/yr vs 10.49%/yr for VYMI. Their correlation of 0.83 suggests significant overlap in exposure. IMTM charges 0.30%/yr vs 0.07%/yr for VYMI.

Performance

IMTM vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Momentum Factor ETF (IMTM) 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 IMTM having a 11.05% return and VYMI slightly higher at 11.31%. Both investments have delivered pretty close results over the past 10 years, with IMTM having a 10.29% annualized return and VYMI not far ahead at 10.49%.

IMTM

• 1D: -0.39%
• 1M: 4.43%
• YTD: 11.05%
• 6M: 14.04%
• 1Y: 23.92%
• 3Y*: 21.55%
• 5Y*: 9.00%
• 10Y*: 10.29%

VYMI

• 1D: -1.01%
• 1M: 2.05%
• YTD: 11.31%
• 6M: 14.77%
• 1Y: 30.23%
• 3Y*: 21.88%
• 5Y*: 11.95%
• 10Y*: 10.49%

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

IMTM vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IMTM iShares MSCI Intl Momentum Factor ETF	11.05%	34.50%	12.17%	13.89%	-16.81%	3.50%	22.17%	24.52%	-14.31%	25.46%
VYMI Vanguard International High Dividend Yield ETF	11.31%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	22.36%

Correlation

The correlation between IMTM and VYMI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Mar 3, 2016	0.83

The correlation between IMTM and VYMI has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

IMTM vs. VYMI - Sectors Allocation Comparison

Sectors	IMTM	VYMI
Financial Services	29.6%	41.9%
Industrials	17.5%	6.6%
Technology	11.4%	4.3%
Energy	9.4%	9.5%
Basic Materials	9.3%	6.8%
Healthcare	9.0%	6.6%
Utilities	6.4%	5.6%
Consumer Defensive	2.4%	7.0%
Communication Services	1.9%	4.0%
Consumer Cyclical	1.8%	6.5%
Real Estate	1.2%	1.3%

Return for Risk

IMTM vs. VYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IMTM

IMTM Risk / Return Rank: 40
IMTM Sharpe Ratio Rank: 39
IMTM Sortino Ratio Rank: 39
IMTM Omega Ratio Rank: 39
IMTM Calmar Ratio Rank: 37
IMTM Martin Ratio Rank: 45

VYMI

VYMI Risk / Return Rank: 66
VYMI Sharpe Ratio Rank: 70
VYMI Sortino Ratio Rank: 68
VYMI Omega Ratio Rank: 69
VYMI Calmar Ratio Rank: 59
VYMI Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IMTM vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) 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.

	IMTM	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.35	-0.94
Sortino ratio: Return per unit of downside risk	2.07	3.20	-1.13
Omega ratio: Gain probability vs. loss probability	1.26	1.43	-0.17
Calmar ratio: Return relative to maximum drawdown	1.87	2.99	-1.13
Martin ratio: Return relative to average drawdown	7.46	11.80	-4.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IMTM vs. VYMI - Sharpe Ratio Comparison

The current IMTM Sharpe Ratio is 1.41, which is lower than the VYMI Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of IMTM 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.

Sharpe Ratios by Period

	IMTM	VYMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.35	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.81	-0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.62	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.65	-0.15

Drawdowns

IMTM vs. VYMI - Drawdown Comparison

The maximum IMTM drawdown since its inception was -32.66%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for IMTM and VYMI.

Drawdown Indicators

	IMTM	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-32.66%	-40.00%	+7.34%
Max Drawdown (1Y) Largest decline over 1 year	-12.85%	-10.14%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-12.85%	-12.84%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-32.66%	-24.05%	-8.61%
Max Drawdown (10Y) Largest decline over 10 years	-32.66%	-40.00%	+7.34%
Current Drawdown Current decline from peak	-0.39%	-1.40%	+1.01%
Average Drawdown Average peak-to-trough decline	-7.45%	-6.31%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	2.57%	+0.64%

Volatility

IMTM vs. VYMI - Volatility Comparison

iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 5.48% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.04%. This indicates that IMTM'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.

Volatility by Period

	IMTM	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	4.04%	+1.44%
Volatility (6M) Calculated over the trailing 6-month period	14.98%	10.73%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	12.94%	+4.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	14.84%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.64%	16.87%	+0.77%

IMTM vs. VYMI - Expense Ratio Comparison

IMTM has a 0.30% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

IMTM vs. VYMI - Dividend Comparison

IMTM's dividend yield for the trailing twelve months is around 4.23%, more than VYMI's 3.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IMTM iShares MSCI Intl Momentum Factor ETF	4.23%	4.70%	2.93%	2.29%	2.68%	2.51%	0.97%	2.13%	2.36%	1.92%	2.75%	1.56%
VYMI Vanguard International High Dividend Yield ETF	3.44%	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

Can I hold both IMTM and VYMI in my portfolio?

IMTM and VYMI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMTM or VYMI?

IMTM has higher volatility (5.48%) compared to VYMI (4.04%). In terms of maximum drawdown, IMTM dropped -32.66% vs VYMI's -40.00%.

Which ETF is better, IMTM or VYMI?

On 10-year performance, VYMI leads with 10.49% vs 10.29% for IMTM. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IMTM or VYMI?

Over the 10-year period, VYMI has performed better with a 10.49% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IMTM or VYMI?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.30% for IMTM.

Which ETF pays a higher dividend yield, IMTM or VYMI?

IMTM has the higher dividend yield at 4.23%, compared with 3.44% for VYMI.

What is the main difference between IMTM and VYMI?

IMTM is categorized as Momentum, while VYMI is Dividend. IMTM tracks MSCI World ex USA Momentum, 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: 0.30% for IMTM and 0.07% for VYMI.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.35 vs 1.41), 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.