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VWICX vs. VIHAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWICX vs. VIHAX

Last updated Aug 4, 2026
Documentation

VWICX (Vanguard International Core Stock Fund Investor Shares) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - VWICX is a Foreign Large Cap Equities fund actively managed by Vanguard, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. VWICX is actively managed, while VIHAX is passively managed. Over the past 5 years, VWICX returned 12.20%/yr vs 14.01%/yr for VIHAX. Their correlation of 0.93 means they have usually moved in the same direction. VWICX charges 0.47%/yr vs 0.16%/yr for VIHAX.

Performance

VWICX vs. VIHAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International Core Stock Fund Investor Shares (VWICX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VWICX achieves a 13.30% return, which is significantly lower than VIHAX's 17.32% return.

VWICX

1D
0.10%
1M
0.42%
6M
6.20%
YTD
13.30%
1Y
31.73%
3Y*
20.98%
5Y*
12.20%
10Y*
—
ALL TIME*
12.75%

VIHAX

1D
-0.62%
1M
4.34%
6M
10.32%
YTD
17.32%
1Y
34.48%
3Y*
21.86%
5Y*
14.01%
10Y*
11.24%
ALL TIME*
11.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VIHAX

Vanguard International High Dividend Yield Index Fund Admiral Shares
$0.00$0.00$0.00

VWICX

Vanguard International Core Stock Fund Investor Shares
$0.00$0.00$0.00

VWICX vs. VIHAX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VWICX
Vanguard International Core Stock Fund Investor Shares		13.30%38.41%8.62%14.30%-10.76%11.70%9.12%7.42%
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		17.32%38.01%6.96%16.81%-6.88%15.01%-0.73%7.95%

Correlation

The correlation between VWICX and VIHAX is 0.85, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.85

Correlation (3Y)
Balances recent behavior with more history.

0.90

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.93

Correlation (All Time)
Calculated using the full available price history since Sep 24, 2019

0.93

The correlation between VWICX and VIHAX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.

VWICX vs. VIHAX - Sectors Allocation Comparison

Sectors
VWICX
VIHAX

Financial Services

24.1%
42.4%

Technology

16.0%
5.3%

Industrials

11.6%
6.1%

Healthcare

8.7%
6.5%

Consumer Cyclical

8.6%
6.0%

Basic Materials

7.7%
6.5%

Consumer Defensive

6.2%
6.7%

Communication Services

5.8%
3.5%

Energy

5.2%
7.9%

Utilities

4.0%
5.2%

Real Estate

2.2%
1.1%

Financial Services

VWICX
24.1%
VIHAX
42.4%

Technology

VWICX
16.0%
VIHAX
5.3%

Industrials

VWICX
11.6%
VIHAX
6.1%

Healthcare

VWICX
8.7%
VIHAX
6.5%

Consumer Cyclical

VWICX
8.6%
VIHAX
6.0%

Basic Materials

VWICX
7.7%
VIHAX
6.5%

Consumer Defensive

VWICX
6.2%
VIHAX
6.7%

Communication Services

VWICX
5.8%
VIHAX
3.5%

Energy

VWICX
5.2%
VIHAX
7.9%

Utilities

VWICX
4.0%
VIHAX
5.2%

Real Estate

VWICX
2.2%
VIHAX
1.1%

Compare stocks, funds, or ETFs

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Vanguard International Core Stock Fund Investor Shares

Vanguard International High Dividend Yield Index Fund Admiral Shares

Often compared with VWICX:
VWICX vs. VXUSVWICX vs. VWIGXVWICX vs. VZICXVWICX vs. VTIAXVWICX vs. VWILXVWICX vs. VGWAXVWICX vs. QWLD
Often compared with VIHAX:
VIHAX vs. VHYAXVIHAX vs. VIAAXVIHAX vs. VTRIXVIHAX vs. FGLGXVIHAX vs. VEUSXVIHAX vs. VIGIVIHAX vs. FMIJX

Return for Risk

VWICX vs. VIHAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VWICX
VWICX Risk / Return Rank: 7979
Overall Rank
VWICX Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
VWICX Sortino Ratio Rank: 7373
Sortino Ratio Rank
VWICX Omega Ratio Rank: 7676
Omega Ratio Rank
VWICX Calmar Ratio Rank: 8383
Calmar Ratio Rank
VWICX Martin Ratio Rank: 8383
Martin Ratio Rank
VIHAX
VIHAX Risk / Return Rank: 9494
Overall Rank
VIHAX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
VIHAX Sortino Ratio Rank: 9595
Sortino Ratio Rank
VIHAX Omega Ratio Rank: 9393
Omega Ratio Rank
VIHAX Calmar Ratio Rank: 9191
Calmar Ratio Rank
VIHAX Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VWICX vs. VIHAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International Core Stock Fund Investor Shares (VWICX) 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.

VWICXVIHAXDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.86

-0.99

Sortino ratioReturn per unit of downside risk
2.56
3.94

-1.39

Omega ratioGain probability vs. loss probability

1.35

1.53

-0.18

Calmar ratioReturn relative to maximum drawdown

2.88

3.63

-0.75

Martin ratioReturn relative to average drawdown

10.62

13.90

-3.28

VWICX vs. VIHAX - Sharpe Ratio Comparison

The current VWICX Sharpe Ratio is 1.87, which is lower than the VIHAX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of VWICX and VIHAX, 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

VWICX vs. VIHAX - Drawdown Comparison

The maximum VWICX drawdown since its inception was -34.37%, smaller than the maximum VIHAX drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for VWICX and VIHAX.

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Drawdown Indicators

VWICXVIHAXDifference

Max Drawdown

Largest peak-to-trough decline

-34.37%

-38.80%

+4.43%

Max Drawdown (1Y)

Largest decline over 1 year

-10.84%

-9.53%

-1.31%

Max Drawdown (3Y)

Largest decline over 3 years

-13.28%

-12.29%

-0.99%

Max Drawdown (5Y)

Largest decline over 5 years

-24.94%

-23.92%

-1.02%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.80%

—

Current Drawdown

Current decline from peak

-2.44%

-0.62%

-1.82%

Average Drawdown

Average peak-to-trough decline

-5.67%

-5.94%

+0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.94%

2.49%

+0.45%

Volatility

VWICX vs. VIHAX - Volatility Comparison

Vanguard International Core Stock Fund Investor Shares (VWICX) has a higher volatility of 5.77% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.46%. This indicates that VWICX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWICXVIHAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.77%

3.46%

+2.31%

Volatility (6M)

Calculated over the trailing 6-month period

14.66%

10.28%

+4.38%

Volatility (1Y)

Calculated over the trailing 1-year period

16.71%

12.13%

+4.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.65%

13.76%

+1.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.05%

15.55%

+2.50%

VWICX vs. VIHAX - Expense Ratio Comparison

VWICX has a 0.47% expense ratio, which is higher than VIHAX's 0.16% expense ratio.

Dividends

VWICX vs. VIHAX - Dividend Comparison

VWICX's dividend yield for the trailing twelve months is around 3.82%, more than VIHAX's 3.45% yield.

PositionTTM2025202420232022202120202019201820172016
VIHAX
Vanguard International High Dividend Yield Index Fund Admiral Shares		3.45%3.69%4.85%4.58%4.70%4.30%3.22%5.63%4.28%3.16%2.37%
VWICX
Vanguard International Core Stock Fund Investor Shares		3.82%4.33%2.58%2.10%1.99%4.27%1.80%0.11%0.00%0.00%0.00%

Frequently Asked Questions

VWICX and VIHAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWICX has higher volatility (5.77%) compared to VIHAX (3.46%). In terms of maximum drawdown, VWICX dropped -34.37% vs VIHAX's -38.80%.

VIHAX currently has the higher Sharpe Ratio (2.86 vs 1.87), 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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