VMFVX vs. VIHAX
VMFVX (Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - VMFVX is a Mid Cap Value Equities fund managed by Vanguard, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 10 years, VMFVX returned 10.61%/yr vs 11.25%/yr for VIHAX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. VMFVX charges 0.08%/yr vs 0.16%/yr for VIHAX.
Performance
VMFVX vs. VIHAX - Performance Comparison
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Returns By Period
In the year-to-date period, VMFVX achieves a 13.52% return, which is significantly lower than VIHAX's 18.05% return. Over the past 10 years, VMFVX has underperformed VIHAX with an annualized return of 10.61%, while VIHAX has yielded a comparatively higher 11.25% annualized return.
VMFVX
- 1D
- 0.11%
- 1M
- 1.00%
- 6M
- 9.03%
- YTD
- 13.52%
- 1Y
- 23.10%
- 3Y*
- 12.01%
- 5Y*
- 9.25%
- 10Y*
- 10.61%
- ALL TIME*
- 10.87%
VIHAX
- 1D
- 2.01%
- 1M
- 4.98%
- 6M
- 11.54%
- YTD
- 18.05%
- 1Y
- 35.31%
- 3Y*
- 21.69%
- 5Y*
- 14.15%
- 10Y*
- 11.25%
- ALL TIME*
- 11.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VMFVX vs. VIHAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 13.52% | 7.57% | 10.59% | 16.49% | -7.03% | 30.54% | 3.68% | 26.18% | -11.90% | 12.27% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 18.05% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between VMFVX and VIHAX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.71 |
The correlation between VMFVX and VIHAX has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.
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Return for Risk
VMFVX vs. VIHAX — Risk / Return Rank
VMFVX
VIHAX
VMFVX vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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.
| VMFVX | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.52 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.62 | -1.70 |
| Martin ratioReturn relative to average drawdown | 6.84 | 13.83 | -7.00 |
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Drawdowns
VMFVX vs. VIHAX - Drawdown Comparison
The maximum VMFVX drawdown since its inception was -45.79%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for VMFVX and VIHAX.
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Drawdown Indicators
| VMFVX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.79% | -38.80% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -9.53% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.46% | -12.29% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -22.46% | -23.92% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.79% | -38.80% | -6.99% |
Current DrawdownCurrent decline from peak | -1.01% | 0.00% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -5.94% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.49% | +0.47% |
Volatility
VMFVX vs. VIHAX - Volatility Comparison
Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares (VMFVX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) have volatilities of 3.41% and 3.47%, 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
| VMFVX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.47% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 10.27% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 12.15% | +2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.27% | 13.77% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.81% | 15.55% | +6.26% |
VMFVX vs. VIHAX - Expense Ratio Comparison
VMFVX has a 0.08% expense ratio, which is lower than VIHAX's 0.16% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VMFVX vs. VIHAX - Dividend Comparison
VMFVX's dividend yield for the trailing twelve months is around 1.66%, less than VIHAX's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.43% | 3.69% | 4.85% | 4.58% | 4.70% | 4.30% | 3.22% | 5.63% | 4.28% | 3.16% | 2.37% | 0.00% |
VMFVX Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares | 1.66% | 1.88% | 1.81% | 1.58% | 2.04% | 1.81% | 2.48% | 1.94% | 2.01% | 1.56% | 1.42% | 1.73% |
Frequently Asked Questions
VMFVX and VIHAX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIHAX has higher volatility (3.47%) compared to VMFVX (3.41%). In terms of maximum drawdown, VMFVX dropped -45.79% vs VIHAX's -38.80%.
VIHAX currently has the higher Sharpe Ratio (2.85 vs 1.35), 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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