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VIOO vs. VYMI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOO vs. VYMI

Last updated Jun 18, 2026

VIOO (Vanguard S&P Small-Cap 600 ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - VIOO is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 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, VIOO returned 11.00%/yr vs 10.97%/yr for VYMI. A 0.69 correlation means they provide meaningful diversification when combined. Both charge a 0.07% expense ratio.

Performance

VIOO vs. VYMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 ETF (VIOO) 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

In the year-to-date period, VIOO achieves a 17.50% return, which is significantly higher than VYMI's 12.52% return. Both investments have delivered pretty close results over the past 10 years, with VIOO having a 11.00% annualized return and VYMI not far behind at 10.97%.

VIOO

1D
-1.46%
1M
5.02%
YTD
17.50%
6M
15.98%
1Y
34.74%
3Y*
14.35%
5Y*
6.87%
10Y*
11.00%

VYMI

1D
-0.97%
1M
1.22%
YTD
12.52%
6M
14.83%
1Y
31.77%
3Y*
21.05%
5Y*
13.03%
10Y*
10.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIOO vs. VYMI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOO
Vanguard S&P Small-Cap 600 ETF		17.50%6.04%8.48%16.16%-16.26%26.79%11.47%22.68%-8.65%13.16%
VYMI
Vanguard International High Dividend Yield ETF		12.52%38.05%7.06%17.07%-7.02%15.39%-1.11%18.43%-12.65%22.36%

Correlation

The correlation between VIOO and VYMI is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.68

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

0.66

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

0.70

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

0.68

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.69

The correlation between VIOO and VYMI has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

VIOO vs. VYMI - Sectors Allocation Comparison

Sectors
VIOO
VYMI

Financial Services

16.9%
41.9%

Industrials

15.5%
6.6%

Technology

15.5%
4.3%

Consumer Cyclical

13.4%
6.5%

Healthcare

11.0%
6.6%

Real Estate

7.7%
1.3%

Energy

5.9%
9.5%

Basic Materials

5.1%
6.8%

Communication Services

3.6%
4.0%

Consumer Defensive

3.5%
7.0%

Utilities

2.0%
5.6%

Financial Services

VIOO
16.9%
VYMI
41.9%

Industrials

VIOO
15.5%
VYMI
6.6%

Technology

VIOO
15.5%
VYMI
4.3%

Consumer Cyclical

VIOO
13.4%
VYMI
6.5%

Healthcare

VIOO
11.0%
VYMI
6.6%

Real Estate

VIOO
7.7%
VYMI
1.3%

Energy

VIOO
5.9%
VYMI
9.5%

Basic Materials

VIOO
5.1%
VYMI
6.8%

Communication Services

VIOO
3.6%
VYMI
4.0%

Consumer Defensive

VIOO
3.5%
VYMI
7.0%

Utilities

VIOO
2.0%
VYMI
5.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P Small-Cap 600 ETF

Vanguard International High Dividend Yield ETF

Often compared with VIOO:
VIOO vs. VBVIOO vs. IJRVIOO vs. VOVIOO vs. AVUVVIOO vs. VIOVVIOO vs. VTWOVIOO vs. VIOG
Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT

Return for Risk

VIOO vs. VYMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOO
VIOO Risk / Return Rank: 6969
Overall Rank
VIOO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
VIOO Sortino Ratio Rank: 6767
Sortino Ratio Rank
VIOO Omega Ratio Rank: 5858
Omega Ratio Rank
VIOO Calmar Ratio Rank: 8181
Calmar Ratio Rank
VIOO Martin Ratio Rank: 7676
Martin Ratio Rank
VYMI
VYMI Risk / Return Rank: 7676
Overall Rank
VYMI Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 8080
Sortino Ratio Rank
VYMI Omega Ratio Rank: 8080
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6767
Calmar Ratio Rank
VYMI Martin Ratio Rank: 7171
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.

VIOO vs. VYMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 ETF (VIOO) 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.

VIOOVYMIDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.41

-0.44

Sortino ratioReturn per unit of downside risk
2.85
3.28

-0.43

Omega ratioGain probability vs. loss probability

1.34

1.44

-0.10

Calmar ratioReturn relative to maximum drawdown

3.98

3.15

+0.83

Martin ratioReturn relative to average drawdown

13.44

12.36

+1.08

VIOO vs. VYMI - Sharpe Ratio Comparison

The current VIOO Sharpe Ratio is 1.97, which is comparable to the VYMI Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VIOO 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

VIOO vs. VYMI - Drawdown Comparison

The maximum VIOO drawdown since its inception was -44.15%, which is greater than VYMI's maximum drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VIOO and VYMI.

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Drawdown Indicators

VIOOVYMIDifference

Max Drawdown

Largest peak-to-trough decline

-44.15%

-40.00%

-4.15%

Max Drawdown (1Y)

Largest decline over 1 year

-8.77%

-10.14%

+1.37%

Max Drawdown (3Y)

Largest decline over 3 years

-27.93%

-12.84%

-15.09%

Max Drawdown (5Y)

Largest decline over 5 years

-27.93%

-24.05%

-3.88%

Max Drawdown (10Y)

Largest decline over 10 years

-44.15%

-40.00%

-4.15%

Current Drawdown

Current decline from peak

-1.98%

-0.97%

-1.01%

Average Drawdown

Average peak-to-trough decline

-7.32%

-6.29%

-1.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.58%

+0.01%

Volatility

VIOO vs. VYMI - Volatility Comparison

Vanguard S&P Small-Cap 600 ETF (VIOO) has a higher volatility of 5.13% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.20%. This indicates that VIOO's price experiences larger fluctuations and is considered to be riskier 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

VIOOVYMIDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.13%

4.20%

+0.93%

Volatility (6M)

Calculated over the trailing 6-month period

12.02%

11.17%

+0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

17.73%

13.30%

+4.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.43%

14.91%

+6.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.01%

16.85%

+6.16%

VIOO vs. VYMI - Expense Ratio Comparison

Both VIOO and VYMI have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VIOO vs. VYMI - Dividend Comparison

VIOO's dividend yield for the trailing twelve months is around 1.16%, less than VYMI's 3.41% yield.

PositionTTM20252024202320222021202020192018201720162015
VIOO
Vanguard S&P Small-Cap 600 ETF		1.16%1.36%1.48%1.47%1.51%1.16%1.09%1.37%1.32%1.11%1.06%1.26%
VYMI
Vanguard International High Dividend Yield ETF		3.41%3.68%4.84%4.58%4.70%4.30%3.22%4.20%4.29%3.21%2.39%0.00%

Frequently Asked Questions

VIOO and VYMI have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIOO has higher volatility (5.13%) compared to VYMI (4.20%). In terms of maximum drawdown, VIOO dropped -44.15% vs VYMI's -40.00%.

On 10-year performance, VIOO leads with 11.00% vs 10.97% for VYMI. Both ETFs have the same 0.07% expense ratio. On volatility, VYMI has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VIOO has performed better with a 11.00% return vs 10.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIOO and VYMI have the same expense ratio: 0.07% per year.

VYMI has the higher dividend yield at 3.41%, compared with 1.16% for VIOO.

VIOO is categorized as Small Cap Blend Equities, while VYMI is Dividend. VIOO tracks S&P SmallCap 600 Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index.

VYMI currently has the higher Sharpe Ratio (2.41 vs 1.97), 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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