VYMI vs. BIV
VYMI (Vanguard International High Dividend Yield ETF) and BIV (Vanguard Intermediate-Term Bond Index ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while BIV is a Intermediate Core Bond fund tracking the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Both are passively managed. Over the past 10 years, VYMI returned 11.24%/yr vs 1.89%/yr for BIV. At a 0.06 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.03%/yr for BIV.
Performance
VYMI vs. BIV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VYMI achieves a 12.90% return, which is significantly higher than BIV's -0.06% return. Over the past 10 years, VYMI has outperformed BIV with an annualized return of 11.24%, while BIV has yielded a comparatively lower 1.89% annualized return.
VYMI
- 1D
- 0.54%
- 1M
- 2.62%
- YTD
- 12.90%
- 6M
- 14.90%
- 1Y
- 31.26%
- 3Y*
- 21.73%
- 5Y*
- 12.29%
- 10Y*
- 11.24%
BIV
- 1D
- -0.13%
- 1M
- 0.92%
- YTD
- -0.06%
- 6M
- 0.31%
- 1Y
- 4.61%
- 3Y*
- 4.62%
- 5Y*
- 0.16%
- 10Y*
- 1.89%
VYMI vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 12.90% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.06% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Correlation
The correlation between VYMI and BIV is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.06 |
Over the past year, VYMI and BIV have become more correlated (0.43) than their long-term average of 0.06, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VYMI vs. BIV — Risk / Return Rank
VYMI
BIV
VYMI vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| VYMI | BIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.19 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.36 | +1.60 |
| Martin ratioReturn relative to average drawdown | 11.60 | 3.90 | +7.70 |
Loading charts...
Drawdowns
VYMI vs. BIV - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, which is greater than BIV's maximum drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for VYMI and BIV.
Loading charts...
Drawdown Indicators
| VYMI | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -18.95% | -21.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -3.18% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -6.07% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -18.74% | -5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | -18.95% | -21.05% |
Current DrawdownCurrent decline from peak | 0.00% | -1.86% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -3.39% | -2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.10% | +1.49% |
Volatility
VYMI vs. BIV - Volatility Comparison
Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 4.40% compared to Vanguard Intermediate-Term Bond Index ETF (BIV) at 1.45%. This indicates that VYMI's price experiences larger fluctuations and is considered to be riskier than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VYMI | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 1.45% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 2.98% | +8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 4.03% | +9.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 6.41% | +8.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 5.51% | +11.34% |
VYMI vs. BIV - Expense Ratio Comparison
VYMI has a 0.07% expense ratio, which is higher than BIV's 0.03% 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
VYMI vs. BIV - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.39%, less than BIV's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIV Vanguard Intermediate-Term Bond Index ETF | 4.21% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
VYMI Vanguard International High Dividend Yield ETF | 3.39% | 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
VYMI and BIV have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (4.40%) compared to BIV (1.45%). In terms of maximum drawdown, VYMI dropped -40.00% vs BIV's -18.95%.
On 10-year performance, VYMI leads with 11.24% vs 1.89% for BIV. On fees, BIV is cheaper at 0.03% per year. On volatility, BIV has been the lower-risk option at 1.45%. 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 11.24% return vs 1.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BIV is cheaper with a 0.03% expense ratio, compared with 0.07% for VYMI.
BIV has the higher dividend yield at 4.21%, compared with 3.39% for VYMI.
VYMI is categorized as Dividend, while BIV is Intermediate Core Bond. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while BIV tracks Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. Their fees differ too: 0.07% for VYMI and 0.03% for BIV.
VYMI currently has the higher Sharpe Ratio (2.26 vs 1.07), 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.
Find the right allocation for VYMI and BIV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer