TOK vs. VYM
Compare and contrast key facts about iShares MSCI Kokusai ETF (TOK) and Vanguard High Dividend Yield ETF (VYM).
TOK and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TOK is a passively managed fund by iShares that tracks the performance of the MSCI Kokusai Index. It was launched on Dec 10, 2007. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both TOK and VYM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TOK or VYM.
Key characteristics
| TOK | VYM | |
|---|---|---|
| YTD Return | 16.30% | 14.50% |
| 1Y Return | 24.61% | 19.67% |
| 3Y Return (Ann) | 7.76% | 9.62% |
| 5Y Return (Ann) | 12.87% | 10.52% |
| 10Y Return (Ann) | 10.27% | 9.85% |
| Sharpe Ratio | 2.09 | 1.90 |
| Daily Std Dev | 12.34% | 11.07% |
| Max Drawdown | -56.18% | -56.98% |
| Current Drawdown | -0.45% | -1.05% |
Correlation
The correlation between TOK and VYM is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TOK vs. VYM - Performance Comparison
In the year-to-date period, TOK achieves a 16.30% return, which is significantly higher than VYM's 14.50% return. Both investments have delivered pretty close results over the past 10 years, with TOK having a 10.27% annualized return and VYM not far behind at 9.85%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TOK vs. VYM - Expense Ratio Comparison
TOK has a 0.25% expense ratio, which is higher than VYM's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TOK vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kokusai ETF (TOK) and Vanguard High Dividend Yield ETF (VYM). 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.
Dividends
TOK vs. VYM - Dividend Comparison
TOK's dividend yield for the trailing twelve months is around 1.74%, less than VYM's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOK iShares MSCI Kokusai ETF | 1.74% | 1.95% | 3.55% | 1.66% | 1.52% | 2.12% | 2.74% | 2.60% | 2.56% | 3.02% | 2.64% | 2.38% |
VYM Vanguard High Dividend Yield ETF | 2.83% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
TOK vs. VYM - Drawdown Comparison
The maximum TOK drawdown since its inception was -56.18%, roughly equal to the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for TOK and VYM. For additional features, visit the drawdowns tool.
Volatility
TOK vs. VYM - Volatility Comparison
iShares MSCI Kokusai ETF (TOK) has a higher volatility of 4.12% compared to Vanguard High Dividend Yield ETF (VYM) at 3.42%. This indicates that TOK's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.