VHYAX vs. VYMI
Compare and contrast key facts about Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) and Vanguard International High Dividend Yield ETF (VYMI).
VHYAX is managed by Vanguard. It was launched on Feb 7, 2019. VYMI is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US High Dividend Yield Index. It was launched on Feb 25, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VHYAX or VYMI.
Key characteristics
| VHYAX | VYMI | |
|---|---|---|
| YTD Return | 16.41% | 10.61% |
| 1Y Return | 26.38% | 19.57% |
| 3Y Return (Ann) | 8.18% | 6.31% |
| 5Y Return (Ann) | 10.34% | 7.18% |
| Sharpe Ratio | 2.64 | 1.74 |
| Sortino Ratio | 3.67 | 2.40 |
| Omega Ratio | 1.47 | 1.30 |
| Calmar Ratio | 3.69 | 3.05 |
| Martin Ratio | 16.60 | 10.78 |
| Ulcer Index | 1.65% | 1.93% |
| Daily Std Dev | 10.37% | 11.93% |
| Max Drawdown | -35.14% | -40.00% |
| Current Drawdown | -3.20% | -3.97% |
Correlation
The correlation between VHYAX and VYMI is 0.78, 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
VHYAX vs. VYMI - Performance Comparison
In the year-to-date period, VHYAX achieves a 16.41% return, which is significantly higher than VYMI's 10.61% return. 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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VHYAX vs. VYMI - Expense Ratio Comparison
VHYAX has a 0.08% expense ratio, which is lower than VYMI's 0.22% expense ratio. Despite the difference, 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
VHYAX vs. VYMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) 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.
Dividends
VHYAX vs. VYMI - Dividend Comparison
VHYAX's dividend yield for the trailing twelve months is around 2.83%, less than VYMI's 4.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
VHYAX Vanguard High Dividend Yield Index Fund Admiral Shares | 2.83% | 3.10% | 2.98% | 2.74% | 3.16% | 3.00% | 0.00% | 0.00% | 0.00% |
VYMI Vanguard International High Dividend Yield ETF | 4.48% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Drawdowns
VHYAX vs. VYMI - Drawdown Comparison
The maximum VHYAX drawdown since its inception was -35.14%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VHYAX and VYMI. For additional features, visit the drawdowns tool.
Volatility
VHYAX vs. VYMI - Volatility Comparison
The current volatility for Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is 2.58%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 2.81%. This indicates that VHYAX experiences smaller price fluctuations and is considered to be less risky than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.