NRILY vs. VWICX

Last updated Jun 26, 2026

NRILY (Nomura Research Institute Ltd ADR) is a stock, while VWICX (Vanguard International Core Stock Fund Investor Shares) is Foreign Large Cap Equities fund actively managed by Vanguard. Over the past 5 years, NRILY returned -3.94%/yr vs 11.43%/yr for VWICX. At a 0.29 correlation, their price movements are largely independent.

Performance

NRILY vs. VWICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nomura Research Institute Ltd ADR (NRILY) and Vanguard International Core Stock Fund Investor Shares (VWICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NRILY achieves a -31.44% return, which is significantly lower than VWICX's 12.41% return.

NRILY

• 1D: -3.12%
• 1M: -8.77%
• YTD: -31.44%
• 6M: -31.96%
• 1Y: -33.45%
• 3Y*: -1.39%
• 5Y*: -3.94%
• 10Y*: 12.36%

VWICX

• 1D: 0.00%
• 1M: -0.73%
• YTD: 12.41%
• 6M: 12.34%
• 1Y: 30.87%
• 3Y*: 22.34%
• 5Y*: 11.43%
• 10Y*: —

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

NRILY vs. VWICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NRILY Nomura Research Institute Ltd ADR	-31.44%	30.52%	1.63%	22.67%	-43.16%	15.04%	70.82%	6.53%
VWICX Vanguard International Core Stock Fund Investor Shares	12.41%	38.41%	8.62%	14.30%	-10.76%	11.70%	9.12%	7.42%

Correlation

The correlation between NRILY and VWICX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.29

Return for Risk

NRILY vs. VWICX — Risk / Return Rank

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

NRILY

NRILY Risk / Return Rank: 13
NRILY Sharpe Ratio Rank: 12
NRILY Sortino Ratio Rank: 14
NRILY Omega Ratio Rank: 15
NRILY Calmar Ratio Rank: 15
NRILY Martin Ratio Rank: 7

VWICX

VWICX Risk / Return Rank: 64
VWICX Sharpe Ratio Rank: 63
VWICX Sortino Ratio Rank: 56
VWICX Omega Ratio Rank: 65
VWICX Calmar Ratio Rank: 71
VWICX Martin Ratio Rank: 66

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.

NRILY vs. VWICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nomura Research Institute Ltd ADR (NRILY) and Vanguard International Core Stock Fund Investor Shares (VWICX). 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.

	NRILY	VWICX	Difference
Sharpe ratio: Return per unit of total volatility	-0.73	1.93	-2.66
Sortino ratio: Return per unit of downside risk	-0.88	2.61	-3.48
Omega ratio: Gain probability vs. loss probability	0.89	1.37	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.75	2.83	-3.58
Martin ratio: Return relative to average drawdown	-1.48	10.90	-12.38

NRILY vs. VWICX - Sharpe Ratio Comparison

The current NRILY Sharpe Ratio is -0.73, which is lower than the VWICX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of NRILY and VWICX, 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

NRILY vs. VWICX - Drawdown Comparison

The maximum NRILY drawdown since its inception was -91.28%, which is greater than VWICX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for NRILY and VWICX.

Drawdown Indicators

	NRILY	VWICX	Difference
Max Drawdown Largest peak-to-trough decline	-91.28%	-34.37%	-56.91%
Max Drawdown (1Y) Largest decline over 1 year	-44.92%	-10.84%	-34.08%
Max Drawdown (3Y) Largest decline over 3 years	-44.92%	-13.28%	-31.64%
Max Drawdown (5Y) Largest decline over 5 years	-52.98%	-24.94%	-28.04%
Max Drawdown (10Y) Largest decline over 10 years	-52.98%	—	—
Current Drawdown Current decline from peak	-65.86%	-3.21%	-62.65%
Average Drawdown Average peak-to-trough decline	-46.81%	-5.71%	-41.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.64%	2.81%	+19.83%

Volatility

NRILY vs. VWICX - Volatility Comparison

Nomura Research Institute Ltd ADR (NRILY) has a higher volatility of 15.82% compared to Vanguard International Core Stock Fund Investor Shares (VWICX) at 7.24%. This indicates that NRILY's price experiences larger fluctuations and is considered to be riskier than VWICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NRILY	VWICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.82%	7.24%	+8.58%
Volatility (6M) Calculated over the trailing 6-month period	41.73%	13.80%	+27.93%
Volatility (1Y) Calculated over the trailing 1-year period	46.02%	15.95%	+30.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.91%	15.53%	+19.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.82%	18.03%	+20.79%

Dividends

NRILY vs. VWICX - Dividend Comparison

NRILY has not paid dividends to shareholders, while VWICX's dividend yield for the trailing twelve months is around 3.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRILY Nomura Research Institute Ltd ADR	0.00%	0.62%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%
VWICX Vanguard International Core Stock Fund Investor Shares	3.85%	4.33%	2.58%	2.10%	1.99%	4.27%	1.80%	0.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NRILY and VWICX in my portfolio?

NRILY and VWICX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRILY or VWICX?

NRILY has higher volatility (15.82%) compared to VWICX (7.24%). In terms of maximum drawdown, NRILY dropped -91.28% vs VWICX's -34.37%.

Which has better risk-adjusted returns?

VWICX currently has the higher Sharpe Ratio (1.93 vs -0.73), 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.