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VIHAX vs. VIAAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIHAX vs. VIAAX

Last updated Aug 2, 2026
Documentation

VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and VIAAX (Vanguard International Dividend Appreciation Index Fund Admiral Shares) are both mutual funds - VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index, while VIAAX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 10 years, VIHAX returned 11.25%/yr vs 8.11%/yr for VIAAX. Their correlation of 0.88 means they have usually moved in the same direction. Both charge a 0.16% expense ratio.

Performance

VIHAX vs. VIAAX - 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 Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX). 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 18.05% return, which is significantly higher than VIAAX's 8.65% return. Over the past 10 years, VIHAX has outperformed VIAAX with an annualized return of 11.25%, while VIAAX has yielded a comparatively lower 8.11% annualized return.

VIHAX

1D
2.01%
1M
4.98%
6M
11.54%
YTD
18.05%
1Y
35.31%
3Y*
21.69%
5Y*
14.15%
10Y*
11.25%
ALL TIME*
11.29%

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%
*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

VIHAX

Vanguard International High Dividend Yield Index Fund Admiral Shares
$0.00$0.00$0.00

VIHAX vs. VIAAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		18.05%38.01%6.96%16.81%-6.88%15.01%-0.73%20.03%-12.38%22.40%
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%

Correlation

The correlation between VIHAX and VIAAX is 0.82, meaning they have usually moved in the same direction, including during past declines.

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

0.82

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

0.87

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

0.87

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

0.87

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

0.88

The correlation between VIHAX and VIAAX has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.

VIHAX vs. VIAAX - Sectors Allocation Comparison

Sectors
VIHAX
VIAAX

Financial Services

42.4%
29.3%

Energy

7.9%
2.3%

Consumer Defensive

6.7%
9.4%

Healthcare

6.5%
15.0%

Basic Materials

6.5%
4.2%

Industrials

6.1%
15.8%

Consumer Cyclical

6.0%
2.7%

Technology

5.3%
13.3%

Utilities

5.2%
5.0%

Communication Services

3.5%
1.3%

Real Estate

1.1%
1.1%

Financial Services

VIHAX
42.4%
VIAAX
29.3%

Energy

VIHAX
7.9%
VIAAX
2.3%

Consumer Defensive

VIHAX
6.7%
VIAAX
9.4%

Healthcare

VIHAX
6.5%
VIAAX
15.0%

Basic Materials

VIHAX
6.5%
VIAAX
4.2%

Industrials

VIHAX
6.1%
VIAAX
15.8%

Consumer Cyclical

VIHAX
6.0%
VIAAX
2.7%

Technology

VIHAX
5.3%
VIAAX
13.3%

Utilities

VIHAX
5.2%
VIAAX
5.0%

Communication Services

VIHAX
3.5%
VIAAX
1.3%

Real Estate

VIHAX
1.1%
VIAAX
1.1%

Compare stocks, funds, or ETFs

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Vanguard International High Dividend Yield Index Fund Admiral Shares

Vanguard International Dividend Appreciation Index Fund Admiral Shares

Often compared with VIHAX:
VIHAX vs. VHYAXVIHAX vs. VTRIXVIHAX vs. FGLGXVIHAX vs. VEUSXVIHAX vs. VIGIVIHAX vs. FMIJXVIHAX vs. VDADX
Often compared with VIAAX:
VIAAX vs. VIGIVIAAX vs. VTMGXVIAAX vs. VWIGXVIAAX vs. VEIGXVIAAX vs. FSPSXVIAAX vs. VDIGXVIAAX vs. VEURX

Return for Risk

VIHAX vs. VIAAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VIHAX
VIHAX Risk / Return Rank: 9494
Overall Rank
VIHAX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VIHAX Sortino Ratio Rank: 9595
Sortino Ratio Rank
VIHAX Omega Ratio Rank: 9292
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 9292
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 9393
Martin Ratio Rank
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
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.

VIHAX vs. VIAAX - 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 Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX). 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.

VIHAXVIAAXDifference
Sharpe ratioReturn per unit of total volatility
2.85
1.16

+1.68

Sortino ratioReturn per unit of downside risk
3.92
1.69

+2.23

Omega ratioGain probability vs. loss probability

1.52

1.21

+0.32

Calmar ratioReturn relative to maximum drawdown

3.62

1.43

+2.18

Martin ratioReturn relative to average drawdown

13.83

5.17

+8.67

VIHAX vs. VIAAX - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.85, which is higher than the VIAAX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of VIHAX and VIAAX, 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. VIAAX - Drawdown Comparison

The maximum VIHAX drawdown since its inception was -38.80%, which is greater than VIAAX's maximum drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for VIHAX and VIAAX.

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Drawdown Indicators

VIHAXVIAAXDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-30.78%

-8.02%

Max Drawdown (1Y)

Largest decline over 1 year

-9.53%

-10.52%

+0.99%

Max Drawdown (3Y)

Largest decline over 3 years

-12.29%

-14.38%

+2.09%

Max Drawdown (5Y)

Largest decline over 5 years

-23.92%

-28.59%

+4.67%

Max Drawdown (10Y)

Largest decline over 10 years

-38.80%

-30.78%

-8.02%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.94%

-6.07%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.92%

-0.43%

Volatility

VIHAX vs. VIAAX - Volatility Comparison

Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) and Vanguard International Dividend Appreciation Index Fund Admiral Shares (VIAAX) have volatilities of 3.47% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIHAXVIAAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.47%

3.39%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

10.27%

10.31%

-0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

12.15%

13.00%

-0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.77%

14.11%

-0.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.55%

15.07%

+0.48%

VIHAX vs. VIAAX - Expense Ratio Comparison

Both VIHAX and VIAAX have an expense ratio of 0.16%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VIHAX vs. VIAAX - Dividend Comparison

VIHAX's dividend yield for the trailing twelve months is around 3.43%, more than VIAAX's 1.97% 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%
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		3.43%3.69%4.85%4.58%4.70%4.30%3.22%5.63%4.28%3.16%2.37%

Frequently Asked Questions

VIHAX and VIAAX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIHAX has higher volatility (3.47%) compared to VIAAX (3.39%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VIAAX's -30.78%.

VIHAX currently has the higher Sharpe Ratio (2.85 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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