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VIAAX vs. VIGI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIAAX vs. VIGI

Last updated Aug 2, 2026
Documentation

VIAAX (Vanguard International Dividend Appreciation Index Fund Admiral Shares) and VIGI (Vanguard International Dividend Appreciation ETF) are both funds - VIAAX is a Foreign Large Cap Equities fund managed by Vanguard, while VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. Over the past 10 years, VIAAX returned 8.11%/yr vs 8.05%/yr for VIGI. Their 0.97 correlation means they have historically moved very closely together. VIAAX charges 0.16%/yr vs 0.15%/yr for VIGI.

Performance

VIAAX vs. VIGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX) and Vanguard International Dividend Appreciation ETF (VIGI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VIAAX achieves a 8.65% return, which is significantly higher than VIGI's 7.63% return. Both investments have delivered pretty close results over the past 10 years, with VIAAX having a 8.11% annualized return and VIGI not far behind at 8.05%.

VIAAX

1D
1.55%
1M
3.45%
6M
7.22%
YTD
8.65%
1Y
16.29%
3Y*
10.84%
5Y*
5.46%
10Y*
8.11%
ALL TIME*
8.79%

VIGI

1D
-0.83%
1M
2.41%
6M
6.45%
YTD
7.63%
1Y
15.49%
3Y*
10.89%
5Y*
5.26%
10Y*
8.05%
ALL TIME*
8.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VIAAX

Vanguard International Dividend Appreciation Index Fund Admiral Shares
$0.00$0.00$0.00

VIGI

Vanguard International Dividend Appreciation ETF
$22.25M$25.32M$27.49M

VIAAX vs. VIGI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIAAX
Vanguard International Dividend Appreciation Index Fund Admiral Shares		8.65%16.83%2.60%16.07%-16.66%12.36%15.10%26.99%-11.32%27.83%
VIGI
Vanguard International Dividend Appreciation ETF		7.63%16.88%2.73%16.30%-16.79%12.51%14.66%27.53%-11.50%27.97%

Correlation

The correlation between VIAAX and VIGI is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.97

Correlation (3Y)
Balances recent behavior with more history.

0.98

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.98

Correlation (10Y)
Provides a long-term view across more market conditions.

0.97

Correlation (All Time)
Calculated using the full available price history since Mar 7, 2016

0.97

The correlation between VIAAX and VIGI has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

VIAAX vs. VIGI - Sectors Allocation Comparison

Sectors
VIAAX
VIGI

Financial Services

29.3%
29.3%

Industrials

15.8%
15.8%

Healthcare

15.0%
15.0%

Technology

13.3%
13.3%

Consumer Defensive

9.4%
9.4%

Utilities

5.0%
5.0%

Basic Materials

4.2%
4.2%

Consumer Cyclical

2.7%
2.7%

Energy

2.3%
2.3%

Communication Services

1.3%
1.3%

Real Estate

1.1%
1.1%

Financial Services

VIAAX
29.3%
VIGI
29.3%

Industrials

VIAAX
15.8%
VIGI
15.8%

Healthcare

VIAAX
15.0%
VIGI
15.0%

Technology

VIAAX
13.3%
VIGI
13.3%

Consumer Defensive

VIAAX
9.4%
VIGI
9.4%

Utilities

VIAAX
5.0%
VIGI
5.0%

Basic Materials

VIAAX
4.2%
VIGI
4.2%

Consumer Cyclical

VIAAX
2.7%
VIGI
2.7%

Energy

VIAAX
2.3%
VIGI
2.3%

Communication Services

VIAAX
1.3%
VIGI
1.3%

Real Estate

VIAAX
1.1%
VIGI
1.1%

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Vanguard International Dividend Appreciation Index Fund Admiral Shares

Vanguard International Dividend Appreciation ETF

Often compared with VIAAX:
VIAAX vs. VTMGXVIAAX vs. VIHAXVIAAX vs. VWIGXVIAAX vs. VEIGXVIAAX vs. FSPSXVIAAX vs. VDIGXVIAAX vs. VEURX
Often compared with VIGI:
VIGI vs. VYMIVIGI vs. VIGVIGI vs. SCHYVIGI vs. VXUSVIGI vs. IGROVIGI vs. SCHDVIGI vs. IQLT

Return for Risk

VIAAX vs. VIGI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VIAAX
VIAAX Risk / Return Rank: 3838
Overall Rank
VIAAX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
VIAAX Sortino Ratio Rank: 4040
Sortino Ratio Rank
VIAAX Omega Ratio Rank: 3737
Omega Ratio Rank
VIAAX Calmar Ratio Rank: 3434
Calmar Ratio Rank
VIAAX Martin Ratio Rank: 3636
Martin Ratio Rank
VIGI
VIGI Risk / Return Rank: 4747
Overall Rank
VIGI Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
VIGI Sortino Ratio Rank: 4949
Sortino Ratio Rank
VIGI Omega Ratio Rank: 4747
Omega Ratio Rank
VIGI Calmar Ratio Rank: 4141
Calmar Ratio Rank
VIGI Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VIAAX vs. VIGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX) and Vanguard International Dividend Appreciation ETF (VIGI). 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.

VIAAXVIGIDifference
Sharpe ratioReturn per unit of total volatility
1.16
1.20

-0.03

Sortino ratioReturn per unit of downside risk
1.69
1.74

-0.05

Omega ratioGain probability vs. loss probability

1.21

1.21

-0.01

Calmar ratioReturn relative to maximum drawdown

1.43

1.45

-0.01

Martin ratioReturn relative to average drawdown

5.17

5.31

-0.15

VIAAX vs. VIGI - Sharpe Ratio Comparison

The current VIAAX Sharpe Ratio is 1.16, which is comparable to the VIGI Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of VIAAX and VIGI, 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

VIAAX vs. VIGI - Drawdown Comparison

The maximum VIAAX drawdown since its inception was -30.78%, roughly equal to the maximum VIGI drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for VIAAX and VIGI.

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Drawdown Indicators

VIAAXVIGIDifference

Max Drawdown

Largest peak-to-trough decline

-30.78%

-31.01%

+0.23%

Max Drawdown (1Y)

Largest decline over 1 year

-10.52%

-10.64%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-14.38%

-14.50%

+0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-28.59%

-28.80%

+0.21%

Max Drawdown (10Y)

Largest decline over 10 years

-30.78%

-31.01%

+0.23%

Current Drawdown

Current decline from peak

0.00%

-0.83%

+0.83%

Average Drawdown

Average peak-to-trough decline

-6.07%

-6.10%

+0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.92%

2.89%

+0.03%

Volatility

VIAAX vs. VIGI - Volatility Comparison

The current volatility for Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX) is 3.39%, while Vanguard International Dividend Appreciation ETF (VIGI) has a volatility of 3.71%. This indicates that VIAAX experiences smaller price fluctuations and is considered to be less risky than VIGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIAAXVIGIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

3.71%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

10.31%

10.59%

-0.28%

Volatility (1Y)

Calculated over the trailing 1-year period

13.00%

12.94%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

14.49%

-0.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.07%

15.75%

-0.68%

VIAAX vs. VIGI - Expense Ratio Comparison

VIAAX has a 0.16% expense ratio, which is higher than VIGI's 0.15% 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%.

Dividends

VIAAX vs. VIGI - Dividend Comparison

VIAAX's dividend yield for the trailing twelve months is around 1.97%, less than VIGI's 2.05% yield.

PositionTTM2025202420232022202120202019201820172016
VIAAX
Vanguard International Dividend Appreciation Index Fund Admiral Shares		1.97%2.09%1.92%1.92%2.05%7.01%1.28%1.83%1.99%1.69%0.68%
VIGI
Vanguard International Dividend Appreciation ETF		2.05%2.14%1.93%1.92%2.06%7.02%1.29%1.83%1.99%1.75%1.05%

Frequently Asked Questions

With a correlation of 0.97, VIAAX and VIGI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VIGI has higher volatility (3.71%) compared to VIAAX (3.39%). In terms of maximum drawdown, VIAAX dropped -30.78% vs VIGI's -31.01%.

VIGI currently has the higher Sharpe Ratio (1.20 vs 1.16), 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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