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VIHAX vs. VYMI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIHAX vs. VYMI

Last updated Jun 5, 2026

VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) and VYMI (Vanguard International High Dividend Yield ETF) are both funds - VIHAX is a Large Cap Value Equities fund managed by Vanguard, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 10 years, VIHAX returned 10.73%/yr vs 10.47%/yr for VYMI. With a 0.98 correlation, they move nearly in lockstep. VIHAX charges 0.22%/yr vs 0.07%/yr for VYMI.

Performance

VIHAX vs. VYMI - 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 High Dividend Yield ETF (VYMI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with VIHAX having a 11.64% return and VYMI slightly higher at 11.99%. Both investments have delivered pretty close results over the past 10 years, with VIHAX having a 10.73% annualized return and VYMI not far behind at 10.47%.

VIHAX

1D
-0.82%
1M
1.22%
YTD
11.64%
6M
14.70%
1Y
30.20%
3Y*
22.11%
5Y*
12.01%
10Y*
10.73%

VYMI

1D
0.61%
1M
1.65%
YTD
11.99%
6M
15.12%
1Y
30.78%
3Y*
22.30%
5Y*
12.09%
10Y*
10.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIHAX vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		11.64%38.01%6.96%16.81%-6.88%15.01%-0.73%20.03%-12.38%22.40%
VYMI
Vanguard International High Dividend Yield ETF		11.99%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%

Correlation

The correlation between VIHAX and VYMI is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (10Y)
Calculated over the trailing 10-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Mar 8, 2016

0.98

The correlation between VIHAX and VYMI has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

VIHAX vs. VYMI - Sectors Allocation Comparison

Sectors
VIHAX
VYMI

Financial Services

41.9%
41.9%

Energy

9.5%
9.5%

Consumer Defensive

7.0%
7.0%

Basic Materials

6.8%
6.8%

Healthcare

6.6%
6.6%

Industrials

6.6%
6.6%

Consumer Cyclical

6.5%
6.5%

Utilities

5.6%
5.6%

Technology

4.3%
4.3%

Communication Services

4.0%
4.0%

Real Estate

1.3%
1.3%

Financial Services

VIHAX
41.9%
VYMI
41.9%

Energy

VIHAX
9.5%
VYMI
9.5%

Consumer Defensive

VIHAX
7.0%
VYMI
7.0%

Basic Materials

VIHAX
6.8%
VYMI
6.8%

Healthcare

VIHAX
6.6%
VYMI
6.6%

Industrials

VIHAX
6.6%
VYMI
6.6%

Consumer Cyclical

VIHAX
6.5%
VYMI
6.5%

Utilities

VIHAX
5.6%
VYMI
5.6%

Technology

VIHAX
4.3%
VYMI
4.3%

Communication Services

VIHAX
4.0%
VYMI
4.0%

Real Estate

VIHAX
1.3%
VYMI
1.3%

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Vanguard International High Dividend Yield Index Fund Admiral Shares

Vanguard International High Dividend Yield ETF

Often compared with VIHAX:
VIHAX vs. VHYAXVIHAX vs. VIAAXVIHAX vs. VTRIXVIHAX vs. FGLGXVIHAX vs. VIGIVIHAX vs. VEUSXVIHAX vs. FMIJX
Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT

Return for Risk

VIHAX vs. VYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIHAX
VIHAX Risk / Return Rank: 7070
Overall Rank
VIHAX Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VIHAX Sortino Ratio Rank: 7171
Sortino Ratio Rank
VIHAX Omega Ratio Rank: 7171
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 6969
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 6262
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 7070
Overall Rank
VYMI Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 7373
Sortino Ratio Rank
VYMI Omega Ratio Rank: 7474
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VYMI Martin Ratio Rank: 6767
Martin Ratio Rank
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. VYMI - 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 High Dividend Yield ETF (VYMI). 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.

VIHAXVYMIDifference
Sharpe ratioReturn per unit of total volatility
2.58
2.39

+0.19

Sortino ratioReturn per unit of downside risk
3.53
3.25

+0.28

Omega ratioGain probability vs. loss probability

1.47

1.43

+0.04

Calmar ratioReturn relative to maximum drawdown

3.22

3.05

+0.17

Martin ratioReturn relative to average drawdown

12.29

12.01

+0.28

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. VYMI - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.58, which is comparable to the VYMI Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of VIHAX and VYMI, 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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Sharpe Ratios by Period

VIHAXVYMIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.58

2.39

+0.19

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.82

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.62

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.65

+0.03

Drawdowns

VIHAX vs. VYMI - Drawdown Comparison

The maximum VIHAX drawdown since its inception was -38.80%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VIHAX and VYMI.

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Drawdown Indicators

VIHAXVYMIDifference

Max Drawdown

Largest peak-to-trough decline

-38.80%

-40.00%

+1.20%

Max Drawdown (1Y)

Largest decline over 1 year

-9.53%

-10.14%

+0.61%

Max Drawdown (3Y)

Largest decline over 3 years

-12.29%

-12.84%

+0.55%

Max Drawdown (5Y)

Largest decline over 5 years

-23.92%

-24.05%

+0.13%

Max Drawdown (10Y)

Largest decline over 10 years

-38.80%

-40.00%

+1.20%

Current Drawdown

Current decline from peak

-1.15%

-0.80%

-0.35%

Average Drawdown

Average peak-to-trough decline

-6.02%

-6.31%

+0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.57%

-0.08%

Volatility

VIHAX vs. VYMI - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) is 3.44%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 3.96%. This indicates that VIHAX experiences smaller price fluctuations and is considered to be less risky than VYMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VIHAXVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.44%

3.96%

-0.52%

Volatility (6M)

Calculated over the trailing 6-month period

9.68%

10.74%

-1.06%

Volatility (1Y)

Calculated over the trailing 1-year period

11.90%

12.94%

-1.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.75%

14.84%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.89%

16.87%

-0.98%

VIHAX vs. VYMI - Expense Ratio Comparison

VIHAX has a 0.22% expense ratio, which is higher than VYMI's 0.07% 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. VYMI - Dividend Comparison

VIHAX's dividend yield for the trailing twelve months is around 3.42%, which matches VYMI's 3.42% yield.

PositionTTM2025202420232022202120202019201820172016
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		3.42%3.69%4.85%4.58%4.70%4.30%3.22%5.63%4.28%3.16%2.37%
VYMI
Vanguard International High Dividend Yield ETF		3.42%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%

Frequently Asked Questions

With a correlation of 0.98, VIHAX and VYMI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

VYMI has higher volatility (3.96%) compared to VIHAX (3.44%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VYMI's -40.00%.

VIHAX currently has the higher Sharpe Ratio (2.58 vs 2.39), 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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