ISHG vs. VYMI
ISHG (iShares 1-3 Year International Treasury Bond ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - ISHG is a International Government Bonds fund tracking the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, 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, ISHG returned -0.18%/yr vs 10.82%/yr for VYMI. At a 0.41 correlation, their price movements are largely independent. ISHG charges 0.35%/yr vs 0.07%/yr for VYMI.
Performance
ISHG vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, ISHG achieves a -1.21% return, which is significantly lower than VYMI's 14.02% return. Over the past 10 years, ISHG has underperformed VYMI with an annualized return of -0.18%, while VYMI has yielded a comparatively higher 10.82% annualized return.
ISHG
- 1D
- 0.06%
- 1M
- -1.04%
- 6M
- -0.60%
- YTD
- -1.21%
- 1Y
- -0.54%
- 3Y*
- 3.44%
- 5Y*
- -0.95%
- 10Y*
- -0.18%
VYMI
- 1D
- 0.80%
- 1M
- 1.00%
- 6M
- 12.36%
- YTD
- 14.02%
- 1Y
- 29.89%
- 3Y*
- 22.15%
- 5Y*
- 13.17%
- 10Y*
- 10.82%
ISHG vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | -1.21% | 13.31% | -4.16% | 3.76% | -10.95% | -7.05% | 7.47% | -0.64% | -3.54% | 10.91% |
VYMI Vanguard International High Dividend Yield ETF | 14.02% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
Correlation
The correlation between ISHG and VYMI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.41 |
Over the past year, ISHG and VYMI have become more correlated (0.67) than their long-term average of 0.41, meaning their price movements have been converging.
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Return for Risk
ISHG vs. VYMI — Risk / Return Rank
ISHG
VYMI
ISHG vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year International Treasury Bond ETF (ISHG) 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.
| ISHG | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 2.88 | -3.05 |
| Martin ratioReturn relative to average drawdown | -0.37 | 11.21 | -11.58 |
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Drawdowns
ISHG vs. VYMI - Drawdown Comparison
The maximum ISHG drawdown since its inception was -37.24%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for ISHG and VYMI.
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Drawdown Indicators
| ISHG | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.24% | -40.00% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -10.14% | +5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -8.21% | -12.84% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -22.29% | -24.05% | +1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -25.56% | -40.00% | +14.44% |
Current DrawdownCurrent decline from peak | -23.17% | 0.00% | -23.17% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -6.26% | -12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 2.60% | -0.31% |
Volatility
ISHG vs. VYMI - Volatility Comparison
The current volatility for iShares 1-3 Year International Treasury Bond ETF (ISHG) is 1.58%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 3.76%. This indicates that ISHG 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.
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Volatility by Period
| ISHG | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 3.76% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 11.29% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.49% | 13.25% | -6.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.59% | 14.85% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 16.54% | -9.63% |
ISHG vs. VYMI - Expense Ratio Comparison
ISHG has a 0.35% expense ratio, which is higher than VYMI's 0.07% expense ratio.
Dividends
ISHG vs. VYMI - Dividend Comparison
ISHG's dividend yield for the trailing twelve months is around 1.47%, less than VYMI's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISHG iShares 1-3 Year International Treasury Bond ETF | 1.47% | 1.45% | 2.56% | 0.18% | 0.00% | 1.29% | 0.00% | 0.00% | 1.80% | 0.46% | 0.00% | 0.09% |
VYMI Vanguard International High Dividend Yield ETF | 3.58% | 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
ISHG and VYMI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (3.76%) compared to ISHG (1.58%). In terms of maximum drawdown, ISHG dropped -37.24% vs VYMI's -40.00%.
On 10-year performance, VYMI leads with 10.82% vs -0.18% for ISHG. On fees, VYMI is cheaper at 0.07% per year. On volatility, ISHG has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VYMI has performed better with a 10.82% return vs -0.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.35% for ISHG.
VYMI has the higher dividend yield at 3.58%, compared with 1.47% for ISHG.
ISHG is categorized as International Government Bonds, while VYMI is Dividend. ISHG tracks S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year, 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: 0.35% for ISHG and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.20 vs -0.13), 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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