SMVLX vs. VIHAX
SMVLX (Smead Value Fund) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both Large Cap Value Equities funds. Over the past 10 years, SMVLX returned 12.94%/yr vs 11.29%/yr for VIHAX. A 0.68 correlation means they provide meaningful diversification when combined. SMVLX charges 1.26%/yr vs 0.22%/yr for VIHAX.
Performance
SMVLX vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, SMVLX achieves a 16.78% return, which is significantly higher than VIHAX's 10.71% return. Over the past 10 years, SMVLX has outperformed VIHAX with an annualized return of 12.94%, while VIHAX has yielded a comparatively lower 11.29% annualized return.
SMVLX
- 1D
- 1.14%
- 1M
- 2.89%
- YTD
- 16.78%
- 6M
- 15.63%
- 1Y
- 31.12%
- 3Y*
- 14.56%
- 5Y*
- 9.72%
- 10Y*
- 12.94%
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%
SMVLX vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 16.78% | 5.05% | 4.78% | 16.87% | -2.79% | 42.46% | 1.71% | 26.29% | -4.79% | 19.73% |
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 SMVLX and VIHAX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.68 |
Over the past year, the correlation between SMVLX and VIHAX has dropped to 0.45 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
SMVLX vs. VIHAX — Risk / Return Rank
SMVLX
VIHAX
SMVLX vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Smead Value Fund (SMVLX) 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.
| SMVLX | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.43 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.13 | 2.95 | +2.18 |
| Martin ratioReturn relative to average drawdown | 14.76 | 11.20 | +3.55 |
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Drawdowns
SMVLX vs. VIHAX - Drawdown Comparison
The maximum SMVLX drawdown since its inception was -39.56%, roughly equal to the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for SMVLX and VIHAX.
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Drawdown Indicators
| SMVLX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.56% | -38.80% | -0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -9.53% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.62% | -12.29% | -12.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.62% | -23.92% | -0.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -38.80% | -0.76% |
Current DrawdownCurrent decline from peak | -0.61% | -2.61% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -5.99% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.51% | -0.46% |
Volatility
SMVLX vs. VIHAX - Volatility Comparison
Smead Value Fund (SMVLX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) have volatilities of 3.82% and 3.65%, 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
| SMVLX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.65% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.84% | 10.06% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.30% | 12.17% | +2.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 13.78% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.45% | 15.62% | +3.83% |
SMVLX vs. VIHAX - Expense Ratio Comparison
SMVLX has a 1.26% expense ratio, which is higher than VIHAX's 0.22% expense ratio.
Dividends
SMVLX vs. VIHAX - Dividend Comparison
SMVLX's dividend yield for the trailing twelve months is around 1.43%, less than VIHAX's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMVLX Smead Value Fund | 1.43% | 1.67% | 1.08% | 1.34% | 1.78% | 3.91% | 1.40% | 3.83% | 7.47% | 0.22% | 3.14% | 3.10% |
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
SMVLX and VIHAX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMVLX has higher volatility (3.82%) compared to VIHAX (3.65%). In terms of maximum drawdown, SMVLX dropped -39.56% vs VIHAX's -38.80%.
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.
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