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VYMI vs. IEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VYMI vs. IEO

Last updated Jun 13, 2026

VYMI (Vanguard International High Dividend Yield ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. Both are passively managed. Over the past 10 years, VYMI returned 11.24%/yr vs 10.15%/yr for IEO. At a 0.50 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.42%/yr for IEO.

Performance

VYMI vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VYMI achieves a 12.90% return, which is significantly lower than IEO's 30.41% return. Over the past 10 years, VYMI has outperformed IEO with an annualized return of 11.24%, while IEO has yielded a comparatively lower 10.15% annualized return.

VYMI

1D
0.54%
1M
1.26%
YTD
12.90%
6M
14.90%
1Y
29.88%
3Y*
21.73%
5Y*
12.29%
10Y*
11.24%

IEO

1D
1.19%
1M
-0.42%
YTD
30.41%
6M
25.27%
1Y
30.21%
3Y*
14.23%
5Y*
18.26%
10Y*
10.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. IEO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		30.41%2.15%-1.45%3.57%57.82%75.57%-32.77%9.63%-19.44%0.33%

Correlation

The correlation between VYMI and IEO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Mar 2, 2016

0.50

The correlation between VYMI and IEO shifts across timeframes, from -0.03 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

VYMI vs. IEO - Sectors Allocation Comparison

Sectors
VYMI
IEO

Financial Services

41.9%

-

Energy

9.5%
99.3%

Consumer Defensive

7.0%

-

Basic Materials

6.8%
0.7%

Healthcare

6.6%

-

Industrials

6.6%

-

Consumer Cyclical

6.5%

-

Utilities

5.6%

-

Technology

4.3%

-

Communication Services

4.0%

-

Real Estate

1.3%

-

Financial Services

VYMI
41.9%
IEO

-

Energy

VYMI
9.5%
IEO
99.3%

Consumer Defensive

VYMI
7.0%
IEO

-

Basic Materials

VYMI
6.8%
IEO
0.7%

Healthcare

VYMI
6.6%
IEO

-

Industrials

VYMI
6.6%
IEO

-

Consumer Cyclical

VYMI
6.5%
IEO

-

Utilities

VYMI
5.6%
IEO

-

Technology

VYMI
4.3%
IEO

-

Communication Services

VYMI
4.0%
IEO

-

Real Estate

VYMI
1.3%
IEO

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard International High Dividend Yield ETF

iShares U.S. Oil & Gas Exploration & Production ETF

Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT
Often compared with IEO:
IEO vs. XLEIEO vs. VDEIEO vs. FCGIEO vs. FENYIEO vs. DEOIEO vs. PCEFIEO vs. IEZ

Return for Risk

VYMI vs. IEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VYMI
VYMI Risk / Return Rank: 7676
Overall Rank
VYMI Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 8080
Sortino Ratio Rank
VYMI Omega Ratio Rank: 8080
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6868
Calmar Ratio Rank
VYMI Martin Ratio Rank: 7272
Martin Ratio Rank
IEO
IEO Risk / Return Rank: 3939
Overall Rank
IEO Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IEO Sortino Ratio Rank: 3535
Sortino Ratio Rank
IEO Omega Ratio Rank: 3434
Omega Ratio Rank
IEO Calmar Ratio Rank: 4949
Calmar Ratio Rank
IEO Martin Ratio Rank: 3939
Martin Ratio Rank
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. IEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.

VYMIIEODifference
Sharpe ratioReturn per unit of total volatility
2.26
1.20

+1.06

Sortino ratioReturn per unit of downside risk
3.08
1.66

+1.42

Omega ratioGain probability vs. loss probability

1.41

1.20

+0.20

Calmar ratioReturn relative to maximum drawdown

2.96

2.12

+0.84

Martin ratioReturn relative to average drawdown

11.60

5.49

+6.11

VYMI vs. IEO - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.26, which is higher than the IEO Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of VYMI and IEO, 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

VYMI vs. IEO - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for VYMI and IEO.

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Drawdown Indicators

VYMIIEODifference

Max Drawdown

Largest peak-to-trough decline

-40.00%

-79.17%

+39.17%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-14.30%

+4.16%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-31.46%

+18.62%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-31.46%

+7.41%

Max Drawdown (10Y)

Largest decline over 10 years

-40.00%

-75.00%

+35.00%

Current Drawdown

Current decline from peak

0.00%

-10.18%

+10.18%

Average Drawdown

Average peak-to-trough decline

-6.30%

-26.24%

+19.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

5.52%

-2.93%

Volatility

VYMI vs. IEO - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 4.40%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 8.62%. This indicates that VYMI experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VYMIIEODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

8.62%

-4.22%

Volatility (6M)

Calculated over the trailing 6-month period

11.15%

20.33%

-9.18%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

25.36%

-12.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.90%

30.61%

-15.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.85%

34.99%

-18.14%

VYMI vs. IEO - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than IEO's 0.42% expense ratio.

Dividends

VYMI vs. IEO - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.39%, more than IEO's 2.03% yield.

PositionTTM20252024202320222021202020192018201720162015
IEO
iShares U.S. Oil & Gas Exploration & Production ETF		2.03%2.61%2.63%3.00%3.77%2.62%3.17%1.85%1.67%0.94%0.98%2.03%
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 IEO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IEO has higher volatility (8.62%) compared to VYMI (4.40%). In terms of maximum drawdown, VYMI dropped -40.00% vs IEO's -79.17%.

On 10-year performance, VYMI leads with 11.24% vs 10.15% for IEO. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 4.40%. 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 10.15%. 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 0.42% for IEO.

VYMI has the higher dividend yield at 3.39%, compared with 2.03% for IEO.

VYMI is categorized as Dividend, while IEO is Energy Equities. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VYMI and 0.42% for IEO.

VYMI currently has the higher Sharpe Ratio (2.26 vs 1.20), 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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