VIHAX vs. SWPPX

Last updated Jun 4, 2026

VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and SWPPX (Schwab S&P 500 Index Fund) are both mutual funds - VIHAX is a Large Cap Value Equities fund managed by Vanguard, while SWPPX is a Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, VIHAX returned 10.82%/yr vs 15.63%/yr for SWPPX. A 0.72 correlation means they provide meaningful diversification when combined. VIHAX charges 0.22%/yr vs 0.02%/yr for SWPPX.

Performance

VIHAX vs. SWPPX - 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 S&P 500 Index Fund (SWPPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIHAX achieves a 12.57% return, which is significantly higher than SWPPX's 11.69% return. Over the past 10 years, VIHAX has underperformed SWPPX with an annualized return of 10.82%, while SWPPX has yielded a comparatively higher 15.63% annualized return.

VIHAX

• 1D: 0.64%
• 1M: 2.92%
• YTD: 12.57%
• 6M: 16.00%
• 1Y: 31.59%
• 3Y*: 22.45%
• 5Y*: 12.36%
• 10Y*: 10.82%

SWPPX

• 1D: 0.15%
• 1M: 5.83%
• YTD: 11.69%
• 6M: 11.71%
• 1Y: 28.97%
• 3Y*: 22.73%
• 5Y*: 14.26%
• 10Y*: 15.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIHAX vs. SWPPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	12.57%	38.01%	6.96%	16.81%	-6.88%	15.01%	-0.73%	20.03%	-12.38%	22.40%
SWPPX Schwab S&P 500 Index Fund	11.69%	17.87%	24.96%	26.26%	-18.14%	28.67%	18.38%	31.46%	-4.47%	21.81%

Correlation

The correlation between VIHAX and SWPPX is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Mar 8, 2016	0.72

The correlation between VIHAX and SWPPX has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

VIHAX vs. SWPPX - Sectors Allocation Comparison

Sectors	VIHAX	SWPPX
Financial Services	41.9%	11.8%
Energy	9.5%	3.5%
Consumer Defensive	7.0%	4.9%
Basic Materials	6.8%	1.8%
Healthcare	6.6%	8.5%
Industrials	6.6%	8.3%
Consumer Cyclical	6.5%	10.1%
Utilities	5.6%	2.4%
Technology	4.3%	35.6%
Communication Services	4.0%	11.2%
Real Estate	1.3%	1.9%

Return for Risk

VIHAX vs. SWPPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIHAX

VIHAX Risk / Return Rank: 73
VIHAX Sharpe Ratio Rank: 81
VIHAX Sortino Ratio Rank: 74
VIHAX Omega Ratio Rank: 73
VIHAX Calmar Ratio Rank: 71
VIHAX Martin Ratio Rank: 64

SWPPX

SWPPX Risk / Return Rank: 73
SWPPX Sharpe Ratio Rank: 75
SWPPX Sortino Ratio Rank: 67
SWPPX Omega Ratio Rank: 67
SWPPX Calmar Ratio Rank: 74
SWPPX Martin Ratio Rank: 83

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. SWPPX - 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 S&P 500 Index Fund (SWPPX). 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.

	VIHAX	SWPPX	Difference
Sharpe ratio: Return per unit of total volatility	2.63	2.52	+0.11
Sortino ratio: Return per unit of downside risk	3.59	3.41	+0.18
Omega ratio: Gain probability vs. loss probability	1.48	1.46	+0.03
Calmar ratio: Return relative to maximum drawdown	3.27	3.36	-0.09
Martin ratio: Return relative to average drawdown	12.49	15.67	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIHAX vs. SWPPX - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.63, which is comparable to the SWPPX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of VIHAX and SWPPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VIHAX	SWPPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	2.52	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.85	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.86	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.51	+0.18

Drawdowns

VIHAX vs. SWPPX - Drawdown Comparison

The maximum VIHAX drawdown since its inception was -38.80%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for VIHAX and SWPPX.

Drawdown Indicators

	VIHAX	SWPPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.80%	-55.06%	+16.26%
Max Drawdown (1Y) Largest decline over 1 year	-9.53%	-8.89%	-0.64%
Max Drawdown (3Y) Largest decline over 3 years	-12.29%	-18.74%	+6.45%
Max Drawdown (5Y) Largest decline over 5 years	-23.92%	-24.51%	+0.59%
Max Drawdown (10Y) Largest decline over 10 years	-38.80%	-33.80%	-5.00%
Current Drawdown Current decline from peak	-0.33%	0.00%	-0.33%
Average Drawdown Average peak-to-trough decline	-6.02%	-9.95%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.90%	+0.59%

Volatility

VIHAX vs. SWPPX - Volatility Comparison

Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) has a higher volatility of 3.46% compared to Schwab S&P 500 Index Fund (SWPPX) at 2.83%. This indicates that VIHAX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIHAX	SWPPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	2.83%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	8.98%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	11.87%	+0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	16.93%	-3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	18.23%	-2.33%

VIHAX vs. SWPPX - Expense Ratio Comparison

VIHAX has a 0.22% expense ratio, which is higher than SWPPX's 0.02% 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. SWPPX - Dividend Comparison

VIHAX's dividend yield for the trailing twelve months is around 3.39%, more than SWPPX's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWPPX Schwab S&P 500 Index Fund	0.99%	1.11%	1.23%	1.43%	1.67%	1.27%	1.81%	1.95%	2.67%	1.79%	2.55%	3.17%
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares	3.39%	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

Can I hold both VIHAX and SWPPX in my portfolio?

VIHAX and SWPPX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIHAX or SWPPX?

VIHAX has higher volatility (3.46%) compared to SWPPX (2.83%). In terms of maximum drawdown, VIHAX dropped -38.80% vs SWPPX's -55.06%.

Which has better risk-adjusted returns?

VIHAX currently has the higher Sharpe Ratio (2.63 vs 2.52), 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.