VNQI vs. VYMI
VNQI (Vanguard Global ex-U.S. Real Estate ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - VNQI is a REIT fund tracking the S&P Global ex-U.S. Property 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, VNQI returned 2.53%/yr vs 10.97%/yr for VYMI. Their correlation of 0.81 suggests significant overlap in exposure. VNQI charges 0.12%/yr vs 0.07%/yr for VYMI.
Performance
VNQI vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, VNQI achieves a -2.07% return, which is significantly lower than VYMI's 12.52% return. Over the past 10 years, VNQI has underperformed VYMI with an annualized return of 2.53%, while VYMI has yielded a comparatively higher 10.97% annualized return.
VNQI
- 1D
- -1.77%
- 1M
- -2.09%
- YTD
- -2.07%
- 6M
- -0.50%
- 1Y
- 4.96%
- 3Y*
- 7.58%
- 5Y*
- -1.19%
- 10Y*
- 2.53%
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%
VNQI vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | -2.07% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
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 VNQI and VYMI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.81 |
The correlation between VNQI and VYMI has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
VNQI vs. VYMI — Risk / Return Rank
VNQI
VYMI
VNQI vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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.
| VNQI | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.44 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.15 | -2.81 |
| Martin ratioReturn relative to average drawdown | 0.94 | 12.36 | -11.42 |
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Drawdowns
VNQI vs. VYMI - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, roughly equal to the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VNQI and VYMI.
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Drawdown Indicators
| VNQI | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -40.00% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -10.14% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -12.84% | -3.51% |
Max Drawdown (5Y)Largest decline over 5 years | -34.92% | -24.05% | -10.87% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -40.00% | +1.65% |
Current DrawdownCurrent decline from peak | -11.56% | -0.97% | -10.59% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -6.29% | -4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 2.58% | +2.73% |
Volatility
VNQI vs. VYMI - Volatility Comparison
Vanguard Global ex-U.S. Real Estate ETF (VNQI) has a higher volatility of 4.57% compared to Vanguard International High Dividend Yield ETF (VYMI) at 4.20%. This indicates that VNQI'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
| VNQI | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.20% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.89% | 11.17% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.78% | 13.30% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.56% | 14.91% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.85% | -0.77% |
VNQI vs. VYMI - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is higher than VYMI's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VNQI vs. VYMI - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.80%, more than VYMI's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.80% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
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
VNQI and VYMI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNQI has higher volatility (4.57%) compared to VYMI (4.20%). In terms of maximum drawdown, VNQI dropped -38.35% vs VYMI's -40.00%.
On 10-year performance, VYMI leads with 10.97% vs 2.53% for VNQI. On fees, VYMI is cheaper at 0.07% per year. 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, VYMI has performed better with a 10.97% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VYMI is cheaper with a 0.07% expense ratio, compared with 0.12% for VNQI.
VNQI has the higher dividend yield at 4.80%, compared with 3.41% for VYMI.
VNQI is categorized as REIT, while VYMI is Dividend. VNQI tracks S&P Global ex-U.S. Property Index, while VYMI tracks FTSE All-World ex US High Dividend Yield Index. Their fees differ too: 0.12% for VNQI and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.41 vs 0.36), 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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