VIHAX vs. VMFVX
VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and VMFVX (Vanguard S&P Mid-Cap 400 Value Index Fund Institutional 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 VMFVX is a Mid Cap Value Equities fund managed by Vanguard. Over the past 10 years, VIHAX returned 11.15%/yr vs 10.61%/yr for VMFVX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. VIHAX charges 0.16%/yr vs 0.08%/yr for VMFVX.
Performance
VIHAX vs. VMFVX - Performance Comparison
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Returns By Period
In the year-to-date period, VIHAX achieves a 17.79% return, which is significantly higher than VMFVX's 14.32% return. Both investments have delivered pretty close results over the past 10 years, with VIHAX having a 11.15% annualized return and VMFVX not far behind at 10.61%.
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%
VMFVX
- 1D
- 0.94%
- 1M
- 1.71%
- 6M
- 8.60%
- YTD
- 14.32%
- 1Y
- 22.59%
- 3Y*
- 12.98%
- 5Y*
- 9.67%
- 10Y*
- 10.61%
- ALL TIME*
- 10.92%
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. VMFVX - 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% |
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 14.32% | 7.57% | 10.59% | 16.49% | -7.03% | 30.54% | 3.68% | 26.18% | -11.90% | 12.27% |
Correlation
The correlation between VIHAX and VMFVX is 0.62, 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. | 0.62 |
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. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.71 |
The correlation between VIHAX and VMFVX has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
VIHAX vs. VMFVX — Risk / Return Rank
VIHAX
VMFVX
VIHAX vs. VMFVX - 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 S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX). 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 | VMFVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.29 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.29 | +1.40 |
| Martin ratioReturn relative to average drawdown | 14.12 | 8.16 | +5.96 |
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Drawdowns
VIHAX vs. VMFVX - Drawdown Comparison
The maximum VIHAX drawdown since its inception was -38.80%, smaller than the maximum VMFVX drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for VIHAX and VMFVX.
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Drawdown Indicators
| VIHAX | VMFVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -45.79% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -10.52% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -22.46% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.92% | -22.46% | -1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -45.79% | +6.99% |
Current DrawdownCurrent decline from peak | -0.22% | -0.32% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -5.43% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.94% | -0.45% |
Volatility
VIHAX vs. VMFVX - Volatility Comparison
The current volatility for Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) is 3.19%, while Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) has a volatility of 3.49%. This indicates that VIHAX experiences smaller price fluctuations and is considered to be less risky than VMFVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIHAX | VMFVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 3.49% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 10.34% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 14.83% | -2.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 19.27% | -5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 21.81% | -6.25% |
VIHAX vs. VMFVX - Expense Ratio Comparison
VIHAX has a 0.16% expense ratio, which is higher than VMFVX's 0.08% 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. VMFVX - Dividend Comparison
VIHAX's dividend yield for the trailing twelve months is around 3.44%, more than VMFVX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.65% | 1.88% | 1.81% | 1.58% | 2.04% | 1.81% | 2.48% | 1.94% | 2.01% | 1.56% | 1.42% | 1.73% |
Frequently Asked Questions
VIHAX and VMFVX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VMFVX has higher volatility (3.49%) compared to VIHAX (3.19%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VMFVX's -45.79%.
VIHAX currently has the higher Sharpe Ratio (2.91 vs 1.63), 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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