VPLS vs. VYMI
VPLS (Vanguard Core-Plus Bond ETF) and VYMI (Vanguard International High Dividend Yield ETF) are both exchange-traded funds - VPLS is a Intermediate Core-Plus Bond fund actively managed by Vanguard, while VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index. VPLS is actively managed, while VYMI is passively managed. Over the past year, VPLS returned 5.74% vs 31.74% for VYMI. At a 0.36 correlation, their price movements are largely independent. VPLS charges 0.20%/yr vs 0.07%/yr for VYMI.
Performance
VPLS vs. VYMI - Performance Comparison
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Returns By Period
In the year-to-date period, VPLS achieves a 0.99% return, which is significantly lower than VYMI's 13.31% return.
VPLS
- 1D
- 0.09%
- 1M
- 1.20%
- YTD
- 0.99%
- 6M
- 1.33%
- 1Y
- 5.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VYMI
- 1D
- 0.37%
- 1M
- 2.99%
- YTD
- 13.31%
- 6M
- 14.52%
- 1Y
- 31.74%
- 3Y*
- 21.33%
- 5Y*
- 12.52%
- 10Y*
- 11.05%
VPLS vs. VYMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VPLS Vanguard Core-Plus Bond ETF | 0.99% | 7.86% | 2.72% | 2.83% |
VYMI Vanguard International High Dividend Yield ETF | 13.31% | 38.05% | 7.06% | 4.94% |
Correlation
The correlation between VPLS and VYMI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2023 | 0.36 |
The correlation between VPLS and VYMI shifts across timeframes, from 0.36 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VPLS vs. VYMI — Risk / Return Rank
VPLS
VYMI
VPLS vs. VYMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Core-Plus Bond ETF (VPLS) 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.
| VPLS | VYMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.15 | -1.03 |
| Martin ratioReturn relative to average drawdown | 6.68 | 12.32 | -5.64 |
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Drawdowns
VPLS vs. VYMI - Drawdown Comparison
The maximum VPLS drawdown since its inception was -4.17%, smaller than the maximum VYMI drawdown of -40.00%. Use the drawdown chart below to compare losses from any high point for VPLS and VYMI.
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Drawdown Indicators
| VPLS | VYMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.17% | -40.00% | +35.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -10.14% | +7.42% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.84% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.05% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.00% | — |
Current DrawdownCurrent decline from peak | -0.87% | 0.00% | -0.87% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -6.29% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.58% | -1.72% |
Volatility
VPLS vs. VYMI - Volatility Comparison
The current volatility for Vanguard Core-Plus Bond ETF (VPLS) is 1.28%, while Vanguard International High Dividend Yield ETF (VYMI) has a volatility of 4.41%. This indicates that VPLS experiences smaller price fluctuations and is considered to be less risky 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
| VPLS | VYMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 4.41% | -3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 11.14% | -8.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 13.29% | -9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.60% | 14.91% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.60% | 16.85% | -12.25% |
VPLS vs. VYMI - Expense Ratio Comparison
VPLS has a 0.20% 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
VPLS vs. VYMI - Dividend Comparison
VPLS's dividend yield for the trailing twelve months is around 4.74%, more than VYMI's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VPLS Vanguard Core-Plus Bond ETF | 4.74% | 4.78% | 4.52% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYMI Vanguard International High Dividend Yield ETF | 3.38% | 3.68% | 4.84% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% |
Frequently Asked Questions
VPLS and VYMI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (4.41%) compared to VPLS (1.28%). In terms of maximum drawdown, VPLS dropped -4.17% vs VYMI's -40.00%.
On 1-year performance, VYMI leads with 31.74% vs 5.74% for VPLS. On fees, VYMI is cheaper at 0.07% per year. On volatility, VPLS has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VYMI has performed better with a 31.74% return vs 5.74%. 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 0.20% for VPLS.
VPLS has the higher dividend yield at 4.74%, compared with 3.38% for VYMI.
VPLS is categorized as Intermediate Core-Plus Bond, while VYMI is Dividend. Their fees differ too: 0.20% for VPLS and 0.07% for VYMI.
VYMI currently has the higher Sharpe Ratio (2.40 vs 1.61), 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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