MDDVX vs. VIHAX

Last updated Jun 25, 2026

MDDVX (BlackRock Equity Dividend Fund Investor A Shares) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - MDDVX is a Dividend fund actively managed by BlackRock, while VIHAX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, MDDVX returned 11.66%/yr vs 11.29%/yr for VIHAX. A 0.80 correlation means they provide meaningful diversification when combined. MDDVX charges 0.94%/yr vs 0.22%/yr for VIHAX.

Performance

MDDVX vs. VIHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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 MDDVX having a 10.67% return and VIHAX slightly higher at 10.71%. Both investments have delivered pretty close results over the past 10 years, with MDDVX having a 11.66% annualized return and VIHAX not far behind at 11.29%.

MDDVX

• 1D: -0.95%
• 1M: 2.01%
• YTD: 10.67%
• 6M: 10.04%
• 1Y: 23.58%
• 3Y*: 15.80%
• 5Y*: 9.74%
• 10Y*: 11.66%

VIHAX

• 1D: -0.67%
• 1M: -1.83%
• YTD: 10.71%
• 6M: 10.48%
• 1Y: 28.43%
• 3Y*: 21.51%
• 5Y*: 12.21%
• 10Y*: 11.29%

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

MDDVX vs. VIHAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDDVX BlackRock Equity Dividend Fund Investor A Shares	10.67%	21.43%	6.78%	12.39%	-4.17%	19.86%	3.74%	27.30%	-7.42%	16.06%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	10.71%	38.01%	6.96%	16.81%	-6.88%	15.01%	-0.73%	20.03%	-12.38%	22.40%

Correlation

The correlation between MDDVX and VIHAX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016	0.80

The correlation between MDDVX and VIHAX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

MDDVX vs. VIHAX — Risk / Return Rank

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

MDDVX

MDDVX Risk / Return Rank: 65
MDDVX Sharpe Ratio Rank: 68
MDDVX Sortino Ratio Rank: 67
MDDVX Omega Ratio Rank: 63
MDDVX Calmar Ratio Rank: 62
MDDVX Martin Ratio Rank: 66

VIHAX

VIHAX Risk / Return Rank: 77
VIHAX Sharpe Ratio Rank: 82
VIHAX Sortino Ratio Rank: 79
VIHAX Omega Ratio Rank: 78
VIHAX Calmar Ratio Rank: 75
VIHAX Martin Ratio Rank: 68

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.

MDDVX vs. VIHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock Equity Dividend Fund Investor A Shares (MDDVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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.

	MDDVX	VIHAX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.32	-0.20
Sortino ratio: Return per unit of downside risk	2.98	3.20	-0.22
Omega ratio: Gain probability vs. loss probability	1.38	1.43	-0.04
Calmar ratio: Return relative to maximum drawdown	2.75	2.95	-0.20
Martin ratio: Return relative to average drawdown	11.50	11.20	+0.30

MDDVX vs. VIHAX - Sharpe Ratio Comparison

The current MDDVX Sharpe Ratio is 2.12, which is comparable to the VIHAX Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of MDDVX and VIHAX, 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

MDDVX vs. VIHAX - Drawdown Comparison

The maximum MDDVX drawdown since its inception was -50.22%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for MDDVX and VIHAX.

Drawdown Indicators

	MDDVX	VIHAX	Difference
Max Drawdown Largest peak-to-trough decline	-50.22%	-38.80%	-11.42%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-9.53%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-15.26%	-12.29%	-2.97%
Max Drawdown (5Y) Largest decline over 5 years	-18.18%	-23.92%	+5.74%
Max Drawdown (10Y) Largest decline over 10 years	-35.93%	-38.80%	+2.87%
Current Drawdown Current decline from peak	-1.55%	-2.61%	+1.06%
Average Drawdown Average peak-to-trough decline	-5.92%	-5.99%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	2.51%	-0.36%

Volatility

MDDVX vs. VIHAX - Volatility Comparison

BlackRock Equity Dividend Fund Investor A Shares (MDDVX) has a higher volatility of 4.36% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.65%. This indicates that MDDVX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDDVX	VIHAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.36%	3.65%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	10.06%	-0.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.68%	12.17%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.27%	13.78%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.32%	15.62%	+0.70%

MDDVX vs. VIHAX - Expense Ratio Comparison

MDDVX has a 0.94% expense ratio, which is higher than VIHAX's 0.22% expense ratio.

Dividends

MDDVX vs. VIHAX - Dividend Comparison

MDDVX's dividend yield for the trailing twelve months is around 9.11%, more than VIHAX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDDVX BlackRock Equity Dividend Fund Investor A Shares	9.11%	10.06%	8.38%	6.89%	13.29%	11.93%	6.15%	12.95%	13.77%	14.20%	7.79%	18.15%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	3.66%	3.69%	4.85%	4.58%	4.70%	4.30%	3.22%	5.63%	4.28%	3.16%	2.37%	0.00%

Frequently Asked Questions

Can I hold both MDDVX and VIHAX in my portfolio?

MDDVX and VIHAX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDDVX or VIHAX?

MDDVX has higher volatility (4.36%) compared to VIHAX (3.65%). In terms of maximum drawdown, MDDVX dropped -50.22% vs VIHAX's -38.80%.

Which has better risk-adjusted returns?

VIHAX currently has the higher Sharpe Ratio (2.32 vs 2.12), 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.