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VIHAX vs. SWISX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIHAX vs. SWISX

Last updated Jun 24, 2026

VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and SWISX (Schwab International Index Fund) are both mutual funds - VIHAX is a Large Cap Value Equities fund managed by Vanguard, while SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net). Over the past 10 years, VIHAX returned 11.49%/yr vs 10.17%/yr for SWISX. Their correlation of 0.95 suggests significant overlap in exposure. VIHAX charges 0.22%/yr vs 0.06%/yr for SWISX.

Performance

VIHAX vs. SWISX - Performance Comparison

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

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Returns By Period

In the year-to-date period, VIHAX achieves a 12.73% return, which is significantly higher than SWISX's 10.79% return. Over the past 10 years, VIHAX has outperformed SWISX with an annualized return of 11.49%, while SWISX has yielded a comparatively lower 10.17% annualized return.

VIHAX

1D
0.02%
1M
0.80%
YTD
12.73%
6M
12.44%
1Y
32.05%
3Y*
22.24%
5Y*
12.86%
10Y*
11.49%

SWISX

1D
0.19%
1M
2.18%
YTD
10.79%
6M
10.26%
1Y
24.58%
3Y*
17.53%
5Y*
9.24%
10Y*
10.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIHAX vs. SWISX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		12.73%38.01%6.96%16.81%-6.88%15.01%-0.73%20.03%-12.38%22.40%
SWISX
Schwab International Index Fund		10.79%31.59%3.54%18.13%-14.30%11.25%8.14%21.87%-13.38%25.32%

Correlation

The correlation between VIHAX and SWISX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.93

Correlation (3Y)
Calculated over the trailing 3-year period

0.93

Correlation (5Y)
Calculated over the trailing 5-year period

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

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

0.95

The correlation between VIHAX and SWISX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

VIHAX vs. SWISX - Sectors Allocation Comparison

Sectors
VIHAX
SWISX

Financial Services

41.9%
24.1%

Energy

9.5%
3.8%

Consumer Defensive

7.0%
6.7%

Basic Materials

6.8%
6.4%

Healthcare

6.6%
9.0%

Industrials

6.6%
19.8%

Consumer Cyclical

6.5%
7.8%

Utilities

5.6%
3.8%

Technology

4.3%
12.0%

Communication Services

4.0%
4.9%

Real Estate

1.3%
1.8%

Financial Services

VIHAX
41.9%
SWISX
24.1%

Energy

VIHAX
9.5%
SWISX
3.8%

Consumer Defensive

VIHAX
7.0%
SWISX
6.7%

Basic Materials

VIHAX
6.8%
SWISX
6.4%

Healthcare

VIHAX
6.6%
SWISX
9.0%

Industrials

VIHAX
6.6%
SWISX
19.8%

Consumer Cyclical

VIHAX
6.5%
SWISX
7.8%

Utilities

VIHAX
5.6%
SWISX
3.8%

Technology

VIHAX
4.3%
SWISX
12.0%

Communication Services

VIHAX
4.0%
SWISX
4.9%

Real Estate

VIHAX
1.3%
SWISX
1.8%

Compare stocks, funds, or ETFs

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Vanguard International High Dividend Yield Index Fund Admiral Shares

Schwab International Index Fund

Often compared with VIHAX:
VIHAX vs. VHYAXVIHAX vs. VIAAXVIHAX vs. VTRIXVIHAX vs. FGLGXVIHAX vs. VEUSXVIHAX vs. VIGIVIHAX vs. FMIJX
Often compared with SWISX:
SWISX vs. SCHFSWISX vs. VXUSSWISX vs. SWTSXSWISX vs. VTIAXSWISX vs. SFNNXSWISX vs. FTIHXSWISX vs. SWPPX

Return for Risk

VIHAX vs. SWISX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIHAX
VIHAX Risk / Return Rank: 8282
Overall Rank
VIHAX Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VIHAX Sortino Ratio Rank: 8484
Sortino Ratio Rank
VIHAX Omega Ratio Rank: 8282
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 8080
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 7474
Martin Ratio Rank
SWISX
SWISX Risk / Return Rank: 3838
Overall Rank
SWISX Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
SWISX Sortino Ratio Rank: 3636
Sortino Ratio Rank
SWISX Omega Ratio Rank: 3636
Omega Ratio Rank
SWISX Calmar Ratio Rank: 3939
Calmar Ratio Rank
SWISX Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIHAX vs. SWISX - 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 Schwab International Index Fund (SWISX). 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.

VIHAXSWISXDifference
Sharpe ratioReturn per unit of total volatility
2.71
1.64

+1.07

Sortino ratioReturn per unit of downside risk
3.70
2.33

+1.37

Omega ratioGain probability vs. loss probability

1.50

1.30

+0.20

Calmar ratioReturn relative to maximum drawdown

3.44

2.25

+1.19

Martin ratioReturn relative to average drawdown

13.11

8.43

+4.67

VIHAX vs. SWISX - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.71, which is higher than the SWISX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of VIHAX and SWISX, 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

VIHAX vs. SWISX - Drawdown Comparison

The maximum VIHAX drawdown since its inception was -38.80%, smaller than the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for VIHAX and SWISX.

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Drawdown Indicators

VIHAXSWISXDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-60.65%

+21.85%

Max Drawdown (1Y)

Largest decline over 1 year

-9.53%

-11.39%

+1.86%

Max Drawdown (3Y)

Largest decline over 3 years

-12.29%

-13.68%

+1.39%

Max Drawdown (5Y)

Largest decline over 5 years

-23.92%

-29.42%

+5.50%

Max Drawdown (10Y)

Largest decline over 10 years

-38.80%

-33.83%

-4.97%

Current Drawdown

Current decline from peak

-0.84%

0.00%

-0.84%

Average Drawdown

Average peak-to-trough decline

-5.99%

-14.78%

+8.79%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.50%

3.04%

-0.54%

Volatility

VIHAX vs. SWISX - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) is 3.43%, while Schwab International Index Fund (SWISX) has a volatility of 4.84%. This indicates that VIHAX experiences smaller price fluctuations and is considered to be less risky than SWISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIHAXSWISXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

4.84%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

12.98%

-3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

12.11%

15.63%

-3.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

16.37%

-2.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

16.86%

-1.02%

VIHAX vs. SWISX - Expense Ratio Comparison

VIHAX has a 0.22% expense ratio, which is higher than SWISX'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%.

Dividends

VIHAX vs. SWISX - Dividend Comparison

VIHAX's dividend yield for the trailing twelve months is around 3.59%, more than SWISX's 3.20% yield.

PositionTTM20252024202320222021202020192018201720162015
SWISX
Schwab International Index Fund		3.20%3.55%3.29%3.31%2.73%3.34%1.88%3.09%3.15%2.71%3.19%2.71%
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		3.59%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

With a correlation of 0.93, VIHAX and SWISX 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.

SWISX has higher volatility (4.84%) compared to VIHAX (3.43%). In terms of maximum drawdown, VIHAX dropped -38.80% vs SWISX's -60.65%.

VIHAX currently has the higher Sharpe Ratio (2.71 vs 1.64), 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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