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SMIN vs. VYMI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMIN vs. VYMI

Last updated Jun 14, 2026

SMIN (iShares MSCI India Small-Cap ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - SMIN is a Asia Pacific Equities fund tracking the MSCI India Small Cap 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, SMIN returned 9.73%/yr vs 11.24%/yr for VYMI. A 0.50 correlation means they provide meaningful diversification when combined. SMIN charges 0.76%/yr vs 0.07%/yr for VYMI.

Performance

SMIN vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI India Small-Cap ETF (SMIN) and Vanguard International High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SMIN achieves a -4.03% return, which is significantly lower than VYMI's 12.90% return. Over the past 10 years, SMIN has underperformed VYMI with an annualized return of 9.73%, while VYMI has yielded a comparatively higher 11.24% annualized return.

SMIN

1D
1.44%
1M
0.72%
YTD
-4.03%
6M
-1.54%
1Y
-8.33%
3Y*
8.94%
5Y*
6.19%
10Y*
9.73%

VYMI

1D
0.54%
1M
1.28%
YTD
12.90%
6M
14.90%
1Y
31.26%
3Y*
21.73%
5Y*
12.29%
10Y*
11.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMIN vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SMIN
iShares MSCI India Small-Cap ETF		-4.03%-6.68%16.78%35.41%-14.23%44.43%19.59%-5.21%-25.55%62.36%
VYMI
Vanguard International High Dividend Yield ETF		12.90%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%

Correlation

The correlation between SMIN and VYMI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.50

The correlation between SMIN and VYMI shifts across timeframes, from 0.40 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.

SMIN vs. VYMI - Sectors Allocation Comparison

Sectors
SMIN
VYMI

Industrials

21.2%
6.6%

Financial Services

16.1%
41.9%

Healthcare

15.1%
6.6%

Consumer Cyclical

14.0%
6.5%

Basic Materials

10.9%
6.8%

Technology

8.0%
4.3%

Consumer Defensive

3.9%
7.0%

Real Estate

3.3%
1.3%

Utilities

2.4%
5.6%

Communication Services

1.4%
4.0%

Energy

1.2%
9.5%

Industrials

SMIN
21.2%
VYMI
6.6%

Financial Services

SMIN
16.1%
VYMI
41.9%

Healthcare

SMIN
15.1%
VYMI
6.6%

Consumer Cyclical

SMIN
14.0%
VYMI
6.5%

Basic Materials

SMIN
10.9%
VYMI
6.8%

Technology

SMIN
8.0%
VYMI
4.3%

Consumer Defensive

SMIN
3.9%
VYMI
7.0%

Real Estate

SMIN
3.3%
VYMI
1.3%

Utilities

SMIN
2.4%
VYMI
5.6%

Communication Services

SMIN
1.4%
VYMI
4.0%

Energy

SMIN
1.2%
VYMI
9.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI India Small-Cap ETF

Vanguard International High Dividend Yield ETF

Often compared with SMIN:
SMIN vs. INDASMIN vs. EPISMIN vs. FLINSMIN vs. NFTYSMIN vs. INCOSMIN vs. EWSSMIN vs. VOO
Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT

Return for Risk

SMIN vs. VYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMIN
SMIN Risk / Return Rank: 55
Overall Rank
SMIN Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SMIN Sortino Ratio Rank: 55
Sortino Ratio Rank
SMIN Omega Ratio Rank: 55
Omega Ratio Rank
SMIN Calmar Ratio Rank: 66
Calmar Ratio Rank
SMIN Martin Ratio Rank: 66
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 7676
Overall Rank
VYMI Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 8080
Sortino Ratio Rank
VYMI Omega Ratio Rank: 8080
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6868
Calmar Ratio Rank
VYMI Martin Ratio Rank: 7272
Martin Ratio Rank
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.

SMIN vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India Small-Cap ETF (SMIN) 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.

SMINVYMIDifference
Sharpe ratioReturn per unit of total volatility
-0.51
2.26

-2.77

Sortino ratioReturn per unit of downside risk
-0.64
3.08

-3.73

Omega ratioGain probability vs. loss probability

0.93

1.41

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.39

2.96

-3.35

Martin ratioReturn relative to average drawdown

-0.87

11.60

-12.46

SMIN vs. VYMI - Sharpe Ratio Comparison

The current SMIN Sharpe Ratio is -0.51, which is lower than the VYMI Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SMIN 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.

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Drawdowns

SMIN vs. VYMI - Drawdown Comparison

The maximum SMIN drawdown since its inception was -60.50%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for SMIN and VYMI.

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Drawdown Indicators

SMINVYMIDifference

Max Drawdown

Largest peak-to-trough decline

-60.50%

-40.00%

-20.50%

Max Drawdown (1Y)

Largest decline over 1 year

-24.54%

-10.14%

-14.40%

Max Drawdown (3Y)

Largest decline over 3 years

-27.58%

-12.84%

-14.74%

Max Drawdown (5Y)

Largest decline over 5 years

-27.58%

-24.05%

-3.53%

Max Drawdown (10Y)

Largest decline over 10 years

-60.50%

-40.00%

-20.50%

Current Drawdown

Current decline from peak

-16.07%

0.00%

-16.07%

Average Drawdown

Average peak-to-trough decline

-14.62%

-6.30%

-8.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.01%

2.59%

+8.42%

Volatility

SMIN vs. VYMI - Volatility Comparison

iShares MSCI India Small-Cap ETF (SMIN) has a higher volatility of 4.86% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.40%. This indicates that SMIN's price experiences larger fluctuations and is considered to be riskier 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

SMINVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.86%

4.40%

+0.46%

Volatility (6M)

Calculated over the trailing 6-month period

15.58%

11.15%

+4.43%

Volatility (1Y)

Calculated over the trailing 1-year period

18.67%

13.33%

+5.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.88%

14.90%

+3.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.83%

16.85%

+5.98%

SMIN vs. VYMI - Expense Ratio Comparison

SMIN has a 0.76% expense ratio, which is higher than VYMI's 0.07% expense ratio.

Dividends

SMIN vs. VYMI - Dividend Comparison

SMIN's dividend yield for the trailing twelve months is around 2.10%, less than VYMI's 3.39% yield.

PositionTTM20252024202320222021202020192018201720162015
SMIN
iShares MSCI India Small-Cap ETF		2.10%2.01%6.84%0.41%0.01%1.27%1.06%1.75%1.68%0.89%2.30%0.93%
VYMI
Vanguard International High Dividend Yield ETF		3.39%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

SMIN and VYMI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMIN has higher volatility (4.86%) compared to VYMI (4.40%). In terms of maximum drawdown, SMIN dropped -60.50% vs VYMI's -40.00%.

On 10-year performance, VYMI leads with 11.24% vs 9.73% for SMIN. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.40%. 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 11.24% return vs 9.73%. 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 0.76% for SMIN.

VYMI has the higher dividend yield at 3.39%, compared with 2.10% for SMIN.

SMIN is categorized as Asia Pacific Equities, while VYMI is Dividend. SMIN tracks MSCI India Small Cap Index, 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: 0.76% for SMIN and 0.07% for VYMI.

VYMI currently has the higher Sharpe Ratio (2.26 vs -0.51), 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.

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