VIHAX vs. FGIPX
VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. VIHAX is passively managed, while FGIPX is actively managed. Over the past 10 years, VIHAX returned 11.15%/yr vs 13.33%/yr for FGIPX. Their 0.73 correlation means they have sometimes moved together and sometimes differently. VIHAX charges 0.16%/yr vs 0.77%/yr for FGIPX.
Performance
VIHAX vs. FGIPX - Performance Comparison
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Returns By Period
In the year-to-date period, VIHAX achieves a 17.79% return, which is significantly lower than FGIPX's 24.45% return. Over the past 10 years, VIHAX has underperformed FGIPX with an annualized return of 11.15%, while FGIPX has yielded a comparatively higher 13.33% annualized return.
VIHAX
- 1D
- 0.40%
- 1M
- 4.75%
- 6M
- 9.72%
- YTD
- 17.79%
- 1Y
- 33.43%
- 3Y*
- 22.73%
- 5Y*
- 13.91%
- 10Y*
- 11.15%
- ALL TIME*
- 11.25%
FGIPX
- 1D
- 0.78%
- 1M
- 4.80%
- 6M
- 15.29%
- YTD
- 24.45%
- 1Y
- 46.75%
- 3Y*
- 26.29%
- 5Y*
- 18.16%
- 10Y*
- 13.33%
- ALL TIME*
- 12.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VIHAX vs. FGIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 17.79% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
FGIPX Nomura Growth and Income Fund Institutional Class | 24.45% | 30.18% | 15.44% | 12.17% | 3.28% | 21.73% | -4.59% | 25.96% | -9.95% | 18.52% |
Correlation
The correlation between VIHAX and FGIPX is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.74 |
The correlation between VIHAX and FGIPX shifts across timeframes, from 0.63 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VIHAX vs. FGIPX — Risk / Return Rank
VIHAX
FGIPX
VIHAX vs. FGIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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.
| VIHAX | FGIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.75 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 6.73 | -3.04 |
| Martin ratioReturn relative to average drawdown | 14.12 | 26.06 | -11.94 |
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Drawdowns
VIHAX vs. FGIPX - Drawdown Comparison
The maximum VIHAX drawdown since its inception was -38.80%, roughly equal to the maximum FGIPX drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for VIHAX and FGIPX.
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Drawdown Indicators
| VIHAX | FGIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -37.32% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -7.26% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -13.27% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.92% | -16.19% | -7.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -37.32% | -1.48% |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -4.13% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.87% | +0.62% |
Volatility
VIHAX vs. FGIPX - Volatility Comparison
Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) has a higher volatility of 3.19% compared to Nomura Growth and Income Fund Institutional Class (FGIPX) at 2.56%. This indicates that VIHAX's price experiences larger fluctuations and is considered to be riskier than FGIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIHAX | FGIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 2.56% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 8.71% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 11.79% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 14.86% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 17.06% | -1.50% |
VIHAX vs. FGIPX - Expense Ratio Comparison
VIHAX has a 0.16% expense ratio, which is lower than FGIPX's 0.77% expense ratio.
Dividends
VIHAX vs. FGIPX - Dividend Comparison
VIHAX's dividend yield for the trailing twelve months is around 3.44%, less than FGIPX's 9.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIPX Nomura Growth and Income Fund Institutional Class | 9.26% | 11.68% | 12.69% | 7.50% | 7.35% | 12.20% | 2.13% | 52.72% | 25.63% | 5.58% | 4.22% | 5.88% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.44% | 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
VIHAX and FGIPX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIHAX has higher volatility (3.19%) compared to FGIPX (2.56%). In terms of maximum drawdown, VIHAX dropped -38.80% vs FGIPX's -37.32%.
FGIPX currently has the higher Sharpe Ratio (4.15 vs 2.91), 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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