VIHAX vs. VTAPX
VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and VTAPX (Vanguard Short-Term Inflation-Protected Securities 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 VTAPX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, VIHAX returned 11.15%/yr vs 3.08%/yr for VTAPX. Their 0.15 correlation means their historical movements had little consistent relationship. VIHAX charges 0.16%/yr vs 0.06%/yr for VTAPX.
Performance
VIHAX vs. VTAPX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VIHAX achieves a 17.79% return, which is significantly higher than VTAPX's 1.77% return. Over the past 10 years, VIHAX has outperformed VTAPX with an annualized return of 11.15%, while VTAPX has yielded a comparatively lower 3.08% annualized return.
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%
VTAPX
- 1D
- -0.04%
- 1M
- 0.20%
- 6M
- 1.32%
- YTD
- 1.77%
- 1Y
- 2.86%
- 3Y*
- 4.98%
- 5Y*
- 3.07%
- 10Y*
- 3.08%
- ALL TIME*
- 2.21%
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. VTAPX - 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% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 1.77% | 6.03% | 4.73% | 4.59% | -2.84% | 5.26% | 4.97% | 4.85% | 0.53% | 0.82% |
Correlation
The correlation between VIHAX and VTAPX is 0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.15 |
The correlation between VIHAX and VTAPX shifts across timeframes, from 0.10 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VIHAX vs. VTAPX — Risk / Return Rank
VIHAX
VTAPX
VIHAX vs. VTAPX - 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 Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX). 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 | VTAPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.40 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 4.04 | -0.35 |
| Martin ratioReturn relative to average drawdown | 14.12 | 12.58 | +1.54 |
Loading charts...
Drawdowns
VIHAX vs. VTAPX - Drawdown Comparison
The maximum VIHAX drawdown since its inception was -38.80%, which is greater than VTAPX's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for VIHAX and VTAPX.
Loading charts...
Drawdown Indicators
| VIHAX | VTAPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.80% | -5.33% | -33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.53% | -0.75% | -8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.29% | -0.92% | -11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -23.92% | -5.33% | -18.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.80% | -5.33% | -33.47% |
Current DrawdownCurrent decline from peak | -0.22% | -0.32% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -1.02% | -4.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 0.24% | +2.25% |
Volatility
VIHAX vs. VTAPX - Volatility Comparison
Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) has a higher volatility of 3.19% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) at 0.40%. This indicates that VIHAX's price experiences larger fluctuations and is considered to be riskier than VTAPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VIHAX | VTAPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 0.40% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.20% | 1.25% | +8.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 1.53% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 2.66% | +11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.56% | 2.24% | +13.32% |
VIHAX vs. VTAPX - Expense Ratio Comparison
VIHAX has a 0.16% expense ratio, which is higher than VTAPX'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. VTAPX - Dividend Comparison
VIHAX's dividend yield for the trailing twelve months is around 3.44%, less than VTAPX's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 4.13% | 3.78% | 2.68% | 2.84% | 6.82% | 4.67% | 1.19% | 1.94% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
VIHAX and VTAPX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIHAX has higher volatility (3.19%) compared to VTAPX (0.40%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VTAPX's -5.33%.
VIHAX currently has the higher Sharpe Ratio (2.91 vs 1.99), 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.
Find the right allocation for VIHAX and VTAPX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer