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VIHAX vs. VYMI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIHAX vs. VYMI

Last updated Aug 5, 2026
Documentation

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 tracking the FTSE All-World ex US High Dividend Yield Index, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. Both are passively managed. Over the past 10 years, VIHAX returned 11.15%/yr vs 11.00%/yr for VYMI. Their 0.98 correlation means they have historically moved very closely together. VIHAX charges 0.16%/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 17.79% return and VYMI slightly higher at 18.16%. Both investments have delivered pretty close results over the past 10 years, with VIHAX having a 11.15% annualized return and VYMI not far behind at 11.00%.

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%

VYMI

1D
0.45%
1M
4.99%
6M
10.02%
YTD
18.16%
1Y
33.89%
3Y*
22.89%
5Y*
13.93%
10Y*
11.00%
ALL TIME*
11.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

VIHAX

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

VYMI

Vanguard International High Dividend Yield ETF
$81.12M$82.35M$91.64M

VIHAX vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VYMI
Vanguard International High Dividend Yield ETF		18.16%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 - they have historically moved very closely together. At this level, their price movements offset little of one another.

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

0.98

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

0.98

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

0.98

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

0.98

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

42.4%
42.4%

Energy

7.9%
7.9%

Consumer Defensive

6.7%
6.7%

Healthcare

6.5%
6.5%

Basic Materials

6.5%
6.5%

Industrials

6.1%
6.1%

Consumer Cyclical

6.0%
6.0%

Technology

5.3%
5.3%

Utilities

5.2%
5.2%

Communication Services

3.5%
3.5%

Real Estate

1.1%
1.1%

Financial Services

VIHAX
42.4%
VYMI
42.4%

Energy

VIHAX
7.9%
VYMI
7.9%

Consumer Defensive

VIHAX
6.7%
VYMI
6.7%

Healthcare

VIHAX
6.5%
VYMI
6.5%

Basic Materials

VIHAX
6.5%
VYMI
6.5%

Industrials

VIHAX
6.1%
VYMI
6.1%

Consumer Cyclical

VIHAX
6.0%
VYMI
6.0%

Technology

VIHAX
5.3%
VYMI
5.3%

Utilities

VIHAX
5.2%
VYMI
5.2%

Communication Services

VIHAX
3.5%
VYMI
3.5%

Real Estate

VIHAX
1.1%
VYMI
1.1%

Compare stocks, funds, or ETFs

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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. VEUSXVIHAX vs. VIGIVIHAX vs. FMIJX
Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VXUS

Return for Risk

VIHAX vs. VYMI — 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: 9696
Sortino Ratio Rank
VIHAX Omega Ratio Rank: 9494
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 9191
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 9292
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 8888
Overall Rank
VYMI Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 9191
Sortino Ratio Rank
VYMI Omega Ratio Rank: 9191
Omega Ratio Rank
VYMI Calmar Ratio Rank: 8282
Calmar Ratio Rank
VYMI Martin Ratio Rank: 8585
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. 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.

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.

VIHAXVYMIDifference
Sharpe ratioReturn per unit of total volatility
2.91
2.59

+0.32

Sortino ratioReturn per unit of downside risk
4.00
3.52

+0.47

Omega ratioGain probability vs. loss probability

1.53

1.47

+0.07

Calmar ratioReturn relative to maximum drawdown

3.69

3.36

+0.33

Martin ratioReturn relative to average drawdown

14.12

13.26

+0.86

VIHAX vs. VYMI - Sharpe Ratio Comparison

The current VIHAX Sharpe Ratio is 2.91, which is comparable to the VYMI Sharpe Ratio of 2.59. 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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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

-0.22%

0.00%

-0.22%

Average Drawdown

Average peak-to-trough decline

-5.94%

-6.22%

+0.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.56%

-0.07%

Volatility

VIHAX vs. VYMI - Volatility Comparison

Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) and Vanguard International High Dividend Yield ETF (VYMI) have volatilities of 3.19% and 3.30%, 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

VIHAXVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

3.30%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

10.20%

11.30%

-1.10%

Volatility (1Y)

Calculated over the trailing 1-year period

12.13%

13.22%

-1.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.76%

14.85%

-1.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.56%

16.55%

-0.99%

VIHAX vs. VYMI - Expense Ratio Comparison

VIHAX has a 0.16% 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 3.44%, which matches VYMI's 3.46% yield.

PositionTTM2025202420232022202120202019201820172016
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%
VYMI
Vanguard International High Dividend Yield ETF		3.46%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 (3.30%) compared to VIHAX (3.19%). In terms of maximum drawdown, VIHAX dropped -38.80% vs VYMI's -40.00%.

VIHAX currently has the higher Sharpe Ratio (2.91 vs 2.59), 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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