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VIHAX vs. VIGI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIHAX vs. VIGI

Last updated Aug 4, 2026
Documentation

VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and VIGI (Vanguard International Dividend Appreciation ETF) are both funds - VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index, while VIGI is a Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. Both are passively managed. Over the past 10 years, VIHAX returned 11.24%/yr vs 8.08%/yr for VIGI. Their correlation of 0.86 means they have usually moved in the same direction. VIHAX charges 0.16%/yr vs 0.15%/yr for VIGI.

Performance

VIHAX vs. VIGI - 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 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, VIHAX achieves a 17.32% return, which is significantly higher than VIGI's 7.84% return. Over the past 10 years, VIHAX has outperformed VIGI with an annualized return of 11.24%, while VIGI has yielded a comparatively lower 8.08% annualized return.

VIHAX

1D
-0.62%
1M
4.34%
6M
10.32%
YTD
17.32%
1Y
34.48%
3Y*
21.86%
5Y*
14.01%
10Y*
11.24%
ALL TIME*
11.22%

VIGI

1D
0.20%
1M
2.61%
6M
5.71%
YTD
7.84%
1Y
15.71%
3Y*
11.57%
5Y*
5.10%
10Y*
8.08%
ALL TIME*
8.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

VIGI

Vanguard International Dividend Appreciation ETF
$21.75M$24.25M$27.42M

VIHAX

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

VIHAX vs. VIGI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		17.32%38.01%6.96%16.81%-6.88%15.01%-0.73%20.03%-12.38%22.40%
VIGI
Vanguard International Dividend Appreciation ETF		7.84%16.88%2.73%16.30%-16.79%12.51%14.66%27.53%-11.50%27.97%

Correlation

The correlation between VIHAX and VIGI 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.

0.86

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

0.87

The correlation between VIHAX and VIGI has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

VIHAX vs. VIGI - Sectors Allocation Comparison

Sectors
VIHAX
VIGI

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%
VIGI
29.3%

Energy

VIHAX
7.9%
VIGI
2.3%

Consumer Defensive

VIHAX
6.7%
VIGI
9.4%

Healthcare

VIHAX
6.5%
VIGI
15.0%

Basic Materials

VIHAX
6.5%
VIGI
4.2%

Industrials

VIHAX
6.1%
VIGI
15.8%

Consumer Cyclical

VIHAX
6.0%
VIGI
2.7%

Technology

VIHAX
5.3%
VIGI
13.3%

Utilities

VIHAX
5.2%
VIGI
5.0%

Communication Services

VIHAX
3.5%
VIGI
1.3%

Real Estate

VIHAX
1.1%
VIGI
1.1%

Compare stocks, funds, or ETFs

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Vanguard International High Dividend Yield Index Fund Admiral Shares

Vanguard International Dividend Appreciation ETF

Often compared with VIHAX:
VIHAX vs. VHYAXVIHAX vs. VIAAXVIHAX vs. VTRIXVIHAX vs. FGLGXVIHAX vs. VEUSXVIHAX vs. FMIJXVIHAX vs. VDADX
Often compared with VIGI:
VIGI vs. VYMIVIGI vs. VIGVIGI vs. SCHYVIGI vs. VXUSVIGI vs. IGROVIGI vs. SCHDVIGI vs. IQLT

Return for Risk

VIHAX vs. VIGI — 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: 9393
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 9191
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 9292
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.

VIHAX vs. VIGI - 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 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.

VIHAXVIGIDifference
Sharpe ratioReturn per unit of total volatility
2.86
1.23

+1.63

Sortino ratioReturn per unit of downside risk
3.94
1.78

+2.16

Omega ratioGain probability vs. loss probability

1.53

1.22

+0.31

Calmar ratioReturn relative to maximum drawdown

3.63

1.48

+2.15

Martin ratioReturn relative to average drawdown

13.90

5.45

+8.45

VIHAX vs. VIGI - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.86, which is higher than the VIGI Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of VIHAX 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

VIHAX vs. VIGI - Drawdown Comparison

The maximum VIHAX drawdown since its inception was -38.80%, which is greater than VIGI's maximum drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for VIHAX and VIGI.

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Drawdown Indicators

VIHAXVIGIDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-31.01%

-7.79%

Max Drawdown (1Y)

Largest decline over 1 year

-9.53%

-10.64%

+1.11%

Max Drawdown (3Y)

Largest decline over 3 years

-12.29%

-14.50%

+2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-23.92%

-28.80%

+4.88%

Max Drawdown (10Y)

Largest decline over 10 years

-38.80%

-31.01%

-7.79%

Current Drawdown

Current decline from peak

-0.62%

-0.63%

+0.01%

Average Drawdown

Average peak-to-trough decline

-5.94%

-6.10%

+0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.89%

-0.40%

Volatility

VIHAX vs. VIGI - Volatility Comparison

Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) and Vanguard International Dividend Appreciation ETF (VIGI) have volatilities of 3.46% and 3.46%, 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

VIHAXVIGIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.46%

3.46%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

10.28%

10.57%

-0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

12.13%

12.89%

-0.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.76%

14.49%

-0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.55%

15.75%

-0.20%

VIHAX vs. VIGI - Expense Ratio Comparison

VIHAX 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

VIHAX vs. VIGI - Dividend Comparison

VIHAX's dividend yield for the trailing twelve months is around 3.45%, more than VIGI's 2.05% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		3.45%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 VIGI 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.

VIGI has higher volatility (3.46%) compared to VIHAX (3.46%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VIGI's -31.01%.

VIHAX currently has the higher Sharpe Ratio (2.86 vs 1.23), 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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