VDIPX vs. IVFIX
VDIPX (Vanguard Developed Markets Index Fund Institutional Plus Shares) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, VDIPX returned 10.20%/yr vs 6.77%/yr for IVFIX. A 0.80 correlation means they provide meaningful diversification when combined. VDIPX charges 0.04%/yr vs 0.86%/yr for IVFIX.
Performance
VDIPX vs. IVFIX - Performance Comparison
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Returns By Period
In the year-to-date period, VDIPX achieves a 15.16% return, which is significantly higher than IVFIX's 5.57% return. Over the past 10 years, VDIPX has outperformed IVFIX with an annualized return of 10.20%, while IVFIX has yielded a comparatively lower 6.77% annualized return.
VDIPX
- 1D
- -0.66%
- 1M
- 4.06%
- YTD
- 15.16%
- 6M
- 18.09%
- 1Y
- 32.08%
- 3Y*
- 19.97%
- 5Y*
- 9.65%
- 10Y*
- 10.20%
IVFIX
- 1D
- -0.63%
- 1M
- -1.93%
- YTD
- 5.57%
- 6M
- 7.69%
- 1Y
- 14.82%
- 3Y*
- 13.81%
- 5Y*
- 8.83%
- 10Y*
- 6.77%
VDIPX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares | 15.16% | 35.15% | 3.08% | 17.78% | -15.35% | 11.45% | 10.26% | 22.06% | -14.48% | 26.48% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 5.57% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Correlation
The correlation between VDIPX and IVFIX is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015 | 0.80 |
Over the past year, the correlation between VDIPX and IVFIX has dropped to 0.55 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
VDIPX vs. IVFIX — Risk / Return Rank
VDIPX
IVFIX
VDIPX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
| VDIPX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.30 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.77 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.93 | 7.37 | +3.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VDIPX | IVFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.18 | 1.61 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.71 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.47 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.21 | +0.33 |
Drawdowns
VDIPX vs. IVFIX - Drawdown Comparison
The maximum VDIPX drawdown since its inception was -35.61%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for VDIPX and IVFIX.
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Drawdown Indicators
| VDIPX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.61% | -51.49% | +15.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -6.97% | -4.70% |
Max Drawdown (3Y)Largest decline over 3 years | -13.15% | -10.75% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -29.69% | -21.29% | -8.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.61% | -33.46% | -2.15% |
Current DrawdownCurrent decline from peak | -0.66% | -6.26% | +5.60% |
Average DrawdownAverage peak-to-trough decline | -7.20% | -11.62% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.61% | +0.39% |
Volatility
VDIPX vs. IVFIX - Volatility Comparison
Vanguard Developed Markets Index Fund Institutional Plus Shares (VDIPX) has a higher volatility of 4.97% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 4.65%. This indicates that VDIPX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDIPX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 4.65% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.53% | 9.37% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 12.04% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 13.13% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 14.78% | +1.75% |
VDIPX vs. IVFIX - Expense Ratio Comparison
VDIPX has a 0.04% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Dividends
VDIPX vs. IVFIX - Dividend Comparison
VDIPX's dividend yield for the trailing twelve months is around 2.62%, less than IVFIX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.60% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
VDIPX Vanguard Developed Markets Index Fund Institutional Plus Shares | 2.62% | 3.23% | 3.37% | 3.16% | 2.92% | 3.17% | 2.05% | 3.05% | 3.36% | 2.79% | 3.08% | 2.95% |
Frequently Asked Questions
VDIPX and IVFIX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VDIPX has higher volatility (4.97%) compared to IVFIX (4.65%). In terms of maximum drawdown, VDIPX dropped -35.61% vs IVFIX's -51.49%.
VDIPX currently has the higher Sharpe Ratio (2.18 vs 1.61), 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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