VINEX vs. HLMSX
Compare and contrast key facts about Vanguard International Explorer Fund (VINEX) and Harding Loevner International Small Companies Portfolio (HLMSX).
VINEX is managed by Vanguard. It was launched on Nov 4, 1996. HLMSX is managed by Harding Loevner. It was launched on Mar 25, 2007.
Performance
VINEX vs. HLMSX - Performance Comparison
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VINEX vs. HLMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VINEX Vanguard International Explorer Fund | 0.25% | 27.98% | 0.11% | 15.26% | -27.56% | 9.52% | 15.07% | 21.90% | -23.02% | 35.92% |
HLMSX Harding Loevner International Small Companies Portfolio | -3.25% | 14.87% | -6.92% | 11.78% | -24.50% | 12.82% | 18.51% | 29.45% | -17.65% | 34.42% |
Returns By Period
In the year-to-date period, VINEX achieves a 0.25% return, which is significantly higher than HLMSX's -3.25% return. Over the past 10 years, VINEX has outperformed HLMSX with an annualized return of 5.70%, while HLMSX has yielded a comparatively lower 5.40% annualized return.
VINEX
- 1D
- 3.01%
- 1M
- -8.20%
- YTD
- 0.25%
- 6M
- 1.57%
- 1Y
- 24.94%
- 3Y*
- 10.80%
- 5Y*
- 2.32%
- 10Y*
- 5.70%
HLMSX
- 1D
- 2.21%
- 1M
- -5.44%
- YTD
- -3.25%
- 6M
- -5.18%
- 1Y
- 8.56%
- 3Y*
- 3.59%
- 5Y*
- -0.47%
- 10Y*
- 5.40%
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VINEX vs. HLMSX - Expense Ratio Comparison
VINEX has a 0.40% expense ratio, which is lower than HLMSX's 1.37% expense ratio.
Return for Risk
VINEX vs. HLMSX — Risk / Return Rank
VINEX
HLMSX
VINEX vs. HLMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International Explorer Fund (VINEX) and Harding Loevner International Small Companies Portfolio (HLMSX). 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.
| VINEX | HLMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 0.67 | +0.92 |
Sortino ratioReturn per unit of downside risk | 2.12 | 0.96 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.13 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.90 | 0.72 | +1.18 |
Martin ratioReturn relative to average drawdown | 7.66 | 1.83 | +5.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VINEX | HLMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 0.67 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.14 | -0.03 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.36 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.33 | +0.14 |
Correlation
The correlation between VINEX and HLMSX is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VINEX vs. HLMSX - Dividend Comparison
VINEX's dividend yield for the trailing twelve months is around 4.18%, which matches HLMSX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VINEX Vanguard International Explorer Fund | 4.18% | 4.19% | 4.17% | 2.47% | 1.74% | 4.80% | 1.06% | 2.51% | 8.75% | 4.22% | 1.95% | 5.45% |
HLMSX Harding Loevner International Small Companies Portfolio | 4.17% | 4.04% | 1.17% | 1.00% | 1.83% | 2.82% | 0.03% | 0.52% | 7.56% | 1.13% | 4.37% | 1.54% |
Drawdowns
VINEX vs. HLMSX - Drawdown Comparison
The maximum VINEX drawdown since its inception was -62.16%, roughly equal to the maximum HLMSX drawdown of -60.77%. Use the drawdown chart below to compare losses from any high point for VINEX and HLMSX.
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Drawdown Indicators
| VINEX | HLMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.16% | -60.77% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -10.59% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.24% | -38.22% | -4.02% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -38.22% | -7.24% |
Current DrawdownCurrent decline from peak | -9.68% | -17.42% | +7.74% |
Average DrawdownAverage peak-to-trough decline | -17.31% | -13.24% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 4.19% | -1.13% |
Volatility
VINEX vs. HLMSX - Volatility Comparison
Vanguard International Explorer Fund (VINEX) has a higher volatility of 7.26% compared to Harding Loevner International Small Companies Portfolio (HLMSX) at 5.45%. This indicates that VINEX's price experiences larger fluctuations and is considered to be riskier than HLMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VINEX | HLMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 5.45% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 8.63% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 13.41% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 14.94% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.10% | 14.88% | +2.22% |