RLY vs. VYMI
RLY (State Street Multi-Asset Real Return ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - RLY is a Hedge Fund fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index, 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, RLY returned 8.02%/yr vs 10.70%/yr for VYMI. A 0.75 correlation means they provide meaningful diversification when combined. RLY charges 0.50%/yr vs 0.07%/yr for VYMI.
Performance
RLY vs. VYMI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with RLY having a 13.94% return and VYMI slightly lower at 13.64%. Over the past 10 years, RLY has underperformed VYMI with an annualized return of 8.02%, while VYMI has yielded a comparatively higher 10.70% annualized return.
RLY
- 1D
- -0.31%
- 1M
- 1.21%
- 6M
- 8.76%
- YTD
- 13.94%
- 1Y
- 24.26%
- 3Y*
- 12.31%
- 5Y*
- 10.60%
- 10Y*
- 8.02%
- ALL TIME*
- 4.68%
VYMI
- 1D
- -0.65%
- 1M
- 0.98%
- 6M
- 10.39%
- YTD
- 13.64%
- 1Y
- 30.07%
- 3Y*
- 20.68%
- 5Y*
- 13.43%
- 10Y*
- 10.70%
- ALL TIME*
- 11.03%
RLY vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 13.94% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
VYMI Vanguard International High Dividend Yield ETF | 13.64% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
Correlation
The correlation between RLY and VYMI is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.75 |
The correlation between RLY and VYMI shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RLY vs. VYMI — Risk / Return Rank
RLY
VYMI
RLY vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Multi-Asset Real Return ETF (RLY) 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.
| RLY | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 2.98 | +0.25 |
| Martin ratioReturn relative to average drawdown | 11.48 | 11.59 | -0.11 |
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Drawdowns
RLY vs. VYMI - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for RLY and VYMI.
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Drawdown Indicators
| RLY | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -40.00% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.54% | -10.14% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -12.84% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -24.05% | +5.11% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -40.00% | +5.83% |
Current DrawdownCurrent decline from peak | -4.28% | -1.14% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -6.25% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.12% | 2.60% | -0.48% |
Volatility
RLY vs. VYMI - Volatility Comparison
State Street Multi-Asset Real Return ETF (RLY) and Vanguard International High Dividend Yield ETF (VYMI) have volatilities of 2.91% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLY | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.91% | 2.96% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 11.33% | -2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 13.27% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.47% | 14.83% | -1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.79% | 16.53% | -2.74% |
RLY vs. VYMI - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than VYMI's 0.07% expense ratio.
Dividends
RLY vs. VYMI - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 3.11%, less than VYMI's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 3.11% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
VYMI Vanguard International High Dividend Yield ETF | 3.60% | 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
RLY and VYMI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (2.96%) compared to RLY (2.91%). In terms of maximum drawdown, RLY dropped -37.75% vs VYMI's -40.00%.
On 10-year performance, VYMI leads with 10.70% vs 8.02% for RLY. On fees, VYMI is cheaper at 0.07% per year. Their volatility is very similar. 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 10.70% return vs 8.02%. 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 0.50% for RLY.
VYMI has the higher dividend yield at 3.60%, compared with 3.11% for RLY.
RLY is categorized as Hedge Fund, while VYMI is Dividend. RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for RLY and 0.07% for VYMI.
RLY currently has the higher Sharpe Ratio (2.31 vs 2.28), 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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