MDISX vs. VYMI

Last updated Aug 1, 2026

MDISX (Franklin Mutual Global Discovery Fund) and VYMI (Vanguard International High Dividend Yield ETF) are both funds - MDISX is a Global Equities fund managed by Franklin Templeton, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 10 years, MDISX returned 9.06%/yr vs 11.09%/yr for VYMI. Their correlation of 0.85 means they have usually moved in the same direction. MDISX charges 0.95%/yr vs 0.07%/yr for VYMI.

Performance

MDISX vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Mutual Global Discovery Fund (MDISX) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MDISX achieves a 7.51% return, which is significantly lower than VYMI's 17.41% return. Over the past 10 years, MDISX has underperformed VYMI with an annualized return of 9.06%, while VYMI has yielded a comparatively higher 11.09% annualized return.

MDISX

• 1D: 0.67%
• 1M: 3.76%
• 6M: 4.29%
• YTD: 7.51%
• 1Y: 20.26%
• 3Y*: 14.14%
• 5Y*: 10.89%
• 10Y*: 9.06%
• ALL TIME*: 10.47%

VYMI

• 1D: -0.51%
• 1M: 4.32%
• 6M: 11.07%
• YTD: 17.41%
• 1Y: 34.68%
• 3Y*: 21.98%
• 5Y*: 14.02%
• 10Y*: 11.09%
• ALL TIME*: 11.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDISX Franklin Mutual Global Discovery Fund	$0.00	$0.00	$0.00
VYMI Vanguard International High Dividend Yield ETF	$78.22M	$82.35M	$92.64M

MDISX vs. VYMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MDISX Franklin Mutual Global Discovery Fund	7.51%	23.75%	6.38%	20.48%	-4.73%	19.60%	-4.38%	24.74%	-10.86%	7.22%
VYMI Vanguard International High Dividend Yield ETF	17.41%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	22.36%

Correlation

The correlation between MDISX and VYMI is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016	0.85

The correlation between MDISX and VYMI has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

Return for Risk

MDISX vs. VYMI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDISX

MDISX Risk / Return Rank: 55
MDISX Sharpe Ratio Rank: 64
MDISX Sortino Ratio Rank: 64
MDISX Omega Ratio Rank: 63
MDISX Calmar Ratio Rank: 47
MDISX Martin Ratio Rank: 36

VYMI

VYMI Risk / Return Rank: 91
VYMI Sharpe Ratio Rank: 94
VYMI Sortino Ratio Rank: 93
VYMI Omega Ratio Rank: 93
VYMI Calmar Ratio Rank: 87
VYMI Martin Ratio Rank: 89

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDISX vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund (MDISX) 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.

	MDISX	VYMI	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.63	-1.12
Sortino ratio: Return per unit of downside risk	2.18	3.59	-1.41
Omega ratio: Gain probability vs. loss probability	1.28	1.48	-0.20
Calmar ratio: Return relative to maximum drawdown	1.78	3.43	-1.65
Martin ratio: Return relative to average drawdown	5.21	13.55	-8.34

MDISX vs. VYMI - Sharpe Ratio Comparison

The current MDISX Sharpe Ratio is 1.51, which is lower than the VYMI Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of MDISX 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.

Drawdowns

MDISX vs. VYMI - Drawdown Comparison

The maximum MDISX drawdown since its inception was -40.15%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for MDISX and VYMI.

Drawdown Indicators

	MDISX	VYMI	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-40.00%	-0.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-10.14%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-12.93%	-12.84%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-21.57%	-24.05%	+2.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.15%	-40.00%	-0.15%
Current Drawdown Current decline from peak	0.00%	-0.51%	+0.51%
Average Drawdown Average peak-to-trough decline	-5.26%	-6.23%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	2.56%	+0.89%

Volatility

MDISX vs. VYMI - Volatility Comparison

The current volatility for Franklin Mutual Global Discovery Fund (MDISX) is 3.28%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 3.62%. This indicates that MDISX 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.

Volatility by Period

	MDISX	VYMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.62%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	9.43%	11.39%	-1.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	13.24%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	14.85%	+0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	16.55%	+0.46%

MDISX vs. VYMI - Expense Ratio Comparison

MDISX has a 0.95% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

MDISX vs. VYMI - Dividend Comparison

MDISX's dividend yield for the trailing twelve months is around 9.82%, more than VYMI's 3.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDISX Franklin Mutual Global Discovery Fund	9.82%	10.55%	12.84%	7.12%	10.29%	8.75%	3.50%	7.21%	7.50%	2.97%	4.13%	7.77%
VYMI Vanguard International High Dividend Yield ETF	3.48%	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 MDISX and VYMI in my portfolio?

MDISX and VYMI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MDISX or VYMI?

VYMI has higher volatility (3.62%) compared to MDISX (3.28%). In terms of maximum drawdown, MDISX dropped -40.15% vs VYMI's -40.00%.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.63 vs 1.51), 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.