VYMI vs. DFIV

Last updated Jun 4, 2026

VYMI (Vanguard International High Dividend Yield ETF) and DFIV (Dimensional International Value ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while DFIV is a Foreign Large Cap Equities fund actively managed by Dimensional. VYMI is passively managed, while DFIV is actively managed. Over the past 3 years, VYMI returned 21.88%/yr vs 23.90%/yr for DFIV. With a 0.97 correlation, they move nearly in lockstep. VYMI charges 0.07%/yr vs 0.27%/yr for DFIV.

Performance

VYMI vs. DFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and Dimensional International Value ETF (DFIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VYMI having a 11.31% return and DFIV slightly higher at 11.54%.

VYMI

• 1D: -1.01%
• 1M: 2.05%
• YTD: 11.31%
• 6M: 14.77%
• 1Y: 30.23%
• 3Y*: 21.88%
• 5Y*: 11.95%
• 10Y*: 10.49%

DFIV

• 1D: -0.70%
• 1M: 2.57%
• YTD: 11.54%
• 6M: 15.41%
• 1Y: 34.88%
• 3Y*: 23.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. DFIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VYMI Vanguard International High Dividend Yield ETF	11.31%	38.05%	7.06%	17.07%	-7.02%	0.30%
DFIV Dimensional International Value ETF	11.54%	45.36%	7.26%	17.75%	-3.70%	0.08%

Correlation

The correlation between VYMI and DFIV is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 14, 2021	0.97

The correlation between VYMI and DFIV has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

VYMI vs. DFIV - Sectors Allocation Comparison

Sectors	VYMI	DFIV
Financial Services	41.9%	32.4%
Energy	9.5%	16.4%
Consumer Defensive	7.0%	4.9%
Basic Materials	6.8%	10.9%
Healthcare	6.6%	4.9%
Industrials	6.6%	9.6%
Consumer Cyclical	6.5%	9.6%
Utilities	5.6%	2.5%
Technology	4.3%	2.8%
Communication Services	4.0%	4.2%
Real Estate	1.3%	1.8%

Return for Risk

VYMI vs. DFIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VYMI

VYMI Risk / Return Rank: 66
VYMI Sharpe Ratio Rank: 70
VYMI Sortino Ratio Rank: 68
VYMI Omega Ratio Rank: 69
VYMI Calmar Ratio Rank: 59
VYMI Martin Ratio Rank: 64

DFIV

DFIV Risk / Return Rank: 75
DFIV Sharpe Ratio Rank: 77
DFIV Sortino Ratio Rank: 76
DFIV Omega Ratio Rank: 75
DFIV Calmar Ratio Rank: 71
DFIV Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VYMI vs. DFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and Dimensional International Value ETF (DFIV). 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.

	VYMI	DFIV	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.56	-0.22
Sortino ratio: Return per unit of downside risk	3.20	3.50	-0.30
Omega ratio: Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio: Return relative to maximum drawdown	2.99	3.63	-0.63
Martin ratio: Return relative to average drawdown	11.80	14.02	-2.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VYMI vs. DFIV - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.35, which is comparable to the DFIV Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of VYMI and DFIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VYMI	DFIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.56	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.94	-0.29

Drawdowns

VYMI vs. DFIV - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, which is greater than DFIV's maximum drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for VYMI and DFIV.

Drawdown Indicators

	VYMI	DFIV	Difference
Max Drawdown Largest peak-to-trough decline	-40.00%	-25.42%	-14.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-9.66%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-14.72%	+1.88%
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.00%	—	—
Current Drawdown Current decline from peak	-1.40%	-1.02%	-0.38%
Average Drawdown Average peak-to-trough decline	-6.31%	-4.48%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.49%	+0.08%

Volatility

VYMI vs. DFIV - Volatility Comparison

Vanguard International High Dividend Yield ETF (VYMI) and Dimensional International Value ETF (DFIV) have volatilities of 4.04% and 3.89%, 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.

Volatility by Period

	VYMI	DFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	3.89%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.73%	10.99%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	13.69%	-0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	16.63%	-1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.87%	16.63%	+0.24%

VYMI vs. DFIV - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than DFIV's 0.27% 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

VYMI vs. DFIV - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.44%, more than DFIV's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DFIV Dimensional International Value ETF	2.55%	2.92%	3.88%	3.93%	3.84%	2.30%	0.00%	0.00%	0.00%	0.00%	0.00%
VYMI Vanguard International High Dividend Yield ETF	3.44%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both VYMI and DFIV in my portfolio?

With a correlation of 0.97, VYMI and DFIV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VYMI or DFIV?

VYMI has higher volatility (4.04%) compared to DFIV (3.89%). In terms of maximum drawdown, VYMI dropped -40.00% vs DFIV's -25.42%.

Which ETF is better, VYMI or DFIV?

On 3-year performance, DFIV leads with 23.90% vs 21.88% for VYMI. On fees, VYMI is cheaper at 0.07% per year. On volatility, DFIV has been the lower-risk option at 3.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYMI or DFIV?

Over the 3-year period, DFIV has performed better with a 23.90% return vs 21.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYMI or DFIV?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.27% for DFIV.

Which ETF pays a higher dividend yield, VYMI or DFIV?

VYMI has the higher dividend yield at 3.44%, compared with 2.55% for DFIV.

What is the main difference between VYMI and DFIV?

VYMI is categorized as Dividend, while DFIV is Foreign Large Cap Equities. They also come from different issuers: Vanguard and Dimensional. Their fees differ too: 0.07% for VYMI and 0.27% for DFIV.

Which has better risk-adjusted returns?

DFIV currently has the higher Sharpe Ratio (2.56 vs 2.35), 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.