VIPS vs. VYM

Last updated Jun 25, 2026

VIPS (Vipshop Holdings Limited) is a stock, while VYM (Vanguard High Dividend Yield ETF) is Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 10 years, VIPS returned 3.03%/yr vs 11.97%/yr for VYM. At a 0.25 correlation, their price movements are largely independent.

Performance

VIPS vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vipshop Holdings Limited (VIPS) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VIPS achieves a -21.11% return, which is significantly lower than VYM's 11.42% return. Over the past 10 years, VIPS has underperformed VYM with an annualized return of 3.03%, while VYM has yielded a comparatively higher 11.97% annualized return.

VIPS

• 1D: 1.75%
• 1M: -7.01%
• YTD: -21.11%
• 6M: -28.72%
• 1Y: -7.14%
• 3Y*: -3.22%
• 5Y*: -5.10%
• 10Y*: 3.03%

VYM

• 1D: -0.09%
• 1M: 0.17%
• YTD: 11.42%
• 6M: 10.23%
• 1Y: 23.03%
• 3Y*: 18.38%
• 5Y*: 11.73%
• 10Y*: 11.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIPS vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VIPS Vipshop Holdings Limited	-21.11%	36.31%	-22.25%	30.21%	62.38%	-70.12%	98.38%	159.52%	-53.41%	6.45%
VYM Vanguard High Dividend Yield ETF	11.42%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%

Correlation

The correlation between VIPS and VYM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Mar 23, 2012	0.25

Return for Risk

VIPS vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIPS

VIPS Risk / Return Rank: 33
VIPS Sharpe Ratio Rank: 34
VIPS Sortino Ratio Rank: 30
VIPS Omega Ratio Rank: 30
VIPS Calmar Ratio Rank: 36
VIPS Martin Ratio Rank: 36

VYM

VYM Risk / Return Rank: 77
VYM Sharpe Ratio Rank: 78
VYM Sortino Ratio Rank: 80
VYM Omega Ratio Rank: 77
VYM Calmar Ratio Rank: 75
VYM Martin Ratio Rank: 75

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.

VIPS vs. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vipshop Holdings Limited (VIPS) and Vanguard High Dividend Yield ETF (VYM). 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.

	VIPS	VYM	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	2.23	-2.45
Sortino ratio: Return per unit of downside risk	-0.09	3.20	-3.29
Omega ratio: Gain probability vs. loss probability	0.99	1.40	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.21	3.45	-3.67
Martin ratio: Return relative to average drawdown	-0.43	12.83	-13.26

VIPS vs. VYM - Sharpe Ratio Comparison

The current VIPS Sharpe Ratio is -0.22, which is lower than the VYM Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of VIPS and VYM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VIPS vs. VYM - Drawdown Comparison

The maximum VIPS drawdown since its inception was -86.75%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for VIPS and VYM.

Drawdown Indicators

	VIPS	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-86.75%	-56.98%	-29.77%
Max Drawdown (1Y) Largest decline over 1 year	-33.67%	-6.69%	-26.98%
Max Drawdown (3Y) Largest decline over 3 years	-39.32%	-14.46%	-24.86%
Max Drawdown (5Y) Largest decline over 5 years	-69.92%	-15.84%	-54.08%
Max Drawdown (10Y) Largest decline over 10 years	-86.75%	-35.21%	-51.54%
Current Drawdown Current decline from peak	-67.42%	-1.37%	-66.05%
Average Drawdown Average peak-to-trough decline	-48.43%	-7.18%	-41.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.79%	1.80%	+14.99%

Volatility

VIPS vs. VYM - Volatility Comparison

Vipshop Holdings Limited (VIPS) has a higher volatility of 7.02% compared to Vanguard High Dividend Yield ETF (VYM) at 2.89%. This indicates that VIPS's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VIPS	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.02%	2.89%	+4.13%
Volatility (6M) Calculated over the trailing 6-month period	24.24%	7.64%	+16.60%
Volatility (1Y) Calculated over the trailing 1-year period	32.68%	10.37%	+22.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.50%	13.93%	+38.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.38%	16.32%	+39.06%

Dividends

VIPS vs. VYM - Dividend Comparison

VIPS's dividend yield for the trailing twelve months is around 4.63%, more than VYM's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIPS Vipshop Holdings Limited	4.63%	2.71%	3.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VYM Vanguard High Dividend Yield ETF	2.30%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

Can I hold both VIPS and VYM in my portfolio?

VIPS and VYM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VIPS or VYM?

VIPS has higher volatility (7.02%) compared to VYM (2.89%). In terms of maximum drawdown, VIPS dropped -86.75% vs VYM's -56.98%.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.23 vs -0.22), 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.