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VISM.AX vs. VDHG.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VISM.AX vs. VDHG.AX

Last updated Jul 16, 2026
Documentation

VISM.AX (Vanguard MSCI International Small Companies Index ETF) and VDHG.AX (Vanguard Diversified High Growth INDEX ETF) are both exchange-traded funds - VISM.AX is a Small Cap Blend Equities fund tracking the Vanguard MSCI International Small Companies Index Index, while VDHG.AX is a Large Cap Growth Equities fund actively managed by Vanguard. VISM.AX is passively managed, while VDHG.AX is actively managed. Over the past 5 years, VISM.AX returned 8.19%/yr vs 8.38%/yr for VDHG.AX. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

VISM.AX vs. VDHG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard MSCI International Small Companies Index ETF (VISM.AX) and Vanguard Diversified High Growth INDEX ETF (VDHG.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VISM.AX achieves a 8.36% return, which is significantly higher than VDHG.AX's 4.70% return.

VISM.AX

1D
-0.22%
1M
-0.63%
6M
5.57%
YTD
8.36%
1Y
16.46%
3Y*
14.38%
5Y*
8.19%
10Y*
—

VDHG.AX

1D
0.11%
1M
0.11%
6M
3.96%
YTD
4.70%
1Y
11.41%
3Y*
13.12%
5Y*
8.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VISM.AX vs. VDHG.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VISM.AX
Vanguard MSCI International Small Companies Index ETF		8.36%12.20%16.67%14.76%-13.42%21.81%5.65%29.06%-9.49%
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		4.70%12.88%16.45%14.96%-9.95%16.40%7.66%23.67%-5.19%

Correlation

The correlation between VISM.AX and VDHG.AX is 0.72, 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

0.72

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

0.75

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

0.80

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2018

0.77

The correlation between VISM.AX and VDHG.AX has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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

Vanguard MSCI International Small Companies Index ETF

Vanguard Diversified High Growth INDEX ETF

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Return for Risk

VISM.AX vs. VDHG.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VISM.AX
VISM.AX Risk / Return Rank: 4444
Overall Rank
VISM.AX Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
VISM.AX Sortino Ratio Rank: 4747
Sortino Ratio Rank
VISM.AX Omega Ratio Rank: 4747
Omega Ratio Rank
VISM.AX Calmar Ratio Rank: 3939
Calmar Ratio Rank
VISM.AX Martin Ratio Rank: 4242
Martin Ratio Rank
VDHG.AX
VDHG.AX Risk / Return Rank: 4242
Overall Rank
VDHG.AX Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
VDHG.AX Sortino Ratio Rank: 4141
Sortino Ratio Rank
VDHG.AX Omega Ratio Rank: 4343
Omega Ratio Rank
VDHG.AX Calmar Ratio Rank: 3838
Calmar Ratio Rank
VDHG.AX Martin Ratio Rank: 4545
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.

VISM.AX vs. VDHG.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard MSCI International Small Companies Index ETF (VISM.AX) and Vanguard Diversified High Growth INDEX ETF (VDHG.AX). 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.

VISM.AXVDHG.AXDifference
Sharpe ratioReturn per unit of total volatility
1.35
1.25

+0.10

Sortino ratioReturn per unit of downside risk
1.98
1.77

+0.21

Omega ratioGain probability vs. loss probability

1.25

1.23

+0.02

Calmar ratioReturn relative to maximum drawdown

1.65

1.63

+0.03

Martin ratioReturn relative to average drawdown

5.50

5.88

-0.38

VISM.AX vs. VDHG.AX - Sharpe Ratio Comparison

The current VISM.AX Sharpe Ratio is 1.35, which is comparable to the VDHG.AX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VISM.AX and VDHG.AX, 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

VISM.AX vs. VDHG.AX - Drawdown Comparison

The maximum VISM.AX drawdown since its inception was -31.98%, which is greater than VDHG.AX's maximum drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for VISM.AX and VDHG.AX.

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Drawdown Indicators

VISM.AXVDHG.AXDifference

Max Drawdown

Largest peak-to-trough decline

-31.98%

-28.34%

-3.64%

Max Drawdown (1Y)

Largest decline over 1 year

-10.64%

-7.32%

-3.32%

Max Drawdown (3Y)

Largest decline over 3 years

-15.91%

-12.49%

-3.42%

Max Drawdown (5Y)

Largest decline over 5 years

-24.47%

-17.16%

-7.31%

Current Drawdown

Current decline from peak

-2.83%

-0.32%

-2.51%

Average Drawdown

Average peak-to-trough decline

-6.64%

-3.66%

-2.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.24%

2.05%

+1.19%

Volatility

VISM.AX vs. VDHG.AX - Volatility Comparison

Vanguard MSCI International Small Companies Index ETF (VISM.AX) has a higher volatility of 2.55% compared to Vanguard Diversified High Growth INDEX ETF (VDHG.AX) at 1.75%. This indicates that VISM.AX's price experiences larger fluctuations and is considered to be riskier than VDHG.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VISM.AXVDHG.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

1.75%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

10.58%

7.87%

+2.71%

Volatility (1Y)

Calculated over the trailing 1-year period

13.11%

9.59%

+3.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.41%

10.76%

+3.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.80%

11.75%

+4.05%

Dividends

VISM.AX vs. VDHG.AX - Dividend Comparison

VISM.AX's dividend yield for the trailing twelve months is around 6.88%, more than VDHG.AX's 2.93% yield.

PositionTTM20252024202320222021202020192018
VDHG.AX
Vanguard Diversified High Growth INDEX ETF		2.93%3.94%2.07%2.27%4.42%8.02%5.03%3.87%1.88%
VISM.AX
Vanguard MSCI International Small Companies Index ETF		6.88%3.82%1.43%2.81%4.41%5.03%3.59%3.95%0.00%

Frequently Asked Questions

VISM.AX and VDHG.AX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VISM.AX is categorized as Small Cap Blend Equities, while VDHG.AX is Large Cap Growth Equities.

Portfolio Optimizer

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