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VYMI vs. IWVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VYMI vs. IWVL.L

Last updated Jun 14, 2026

VYMI (Vanguard International High Dividend Yield ETF) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, VYMI returned 11.24%/yr vs 13.36%/yr for IWVL.L. A 0.66 correlation means they provide meaningful diversification when combined. VYMI charges 0.07%/yr vs 0.25%/yr for IWVL.L.

Performance

VYMI vs. IWVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). 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 IWVL.L's 32.97% return. Over the past 10 years, VYMI has underperformed IWVL.L with an annualized return of 11.24%, while IWVL.L has yielded a comparatively higher 13.36% 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%

IWVL.L

1D
3.36%
1M
6.98%
YTD
32.97%
6M
35.11%
1Y
63.09%
3Y*
28.41%
5Y*
16.13%
10Y*
13.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. IWVL.L - 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%
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		32.97%40.42%5.13%19.53%-9.79%20.11%-3.67%18.13%-14.03%22.60%

Correlation

The correlation between VYMI and IWVL.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.59

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

0.64

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

0.66

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

0.66

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

0.66

The correlation between VYMI and IWVL.L has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.

VYMI vs. IWVL.L - Sectors Allocation Comparison

Sectors
VYMI
IWVL.L

Financial Services

41.9%
14.8%

Energy

9.5%
3.8%

Consumer Defensive

7.0%
4.5%

Basic Materials

6.8%
3.0%

Healthcare

6.6%
8.8%

Industrials

6.6%
11.3%

Consumer Cyclical

6.5%
7.9%

Utilities

5.6%
2.5%

Technology

4.3%
33.9%

Communication Services

4.0%
7.6%

Real Estate

1.3%
1.8%

Financial Services

VYMI
41.9%
IWVL.L
14.8%

Energy

VYMI
9.5%
IWVL.L
3.8%

Consumer Defensive

VYMI
7.0%
IWVL.L
4.5%

Basic Materials

VYMI
6.8%
IWVL.L
3.0%

Healthcare

VYMI
6.6%
IWVL.L
8.8%

Industrials

VYMI
6.6%
IWVL.L
11.3%

Consumer Cyclical

VYMI
6.5%
IWVL.L
7.9%

Utilities

VYMI
5.6%
IWVL.L
2.5%

Technology

VYMI
4.3%
IWVL.L
33.9%

Communication Services

VYMI
4.0%
IWVL.L
7.6%

Real Estate

VYMI
1.3%
IWVL.L
1.8%

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 Edge MSCI World Value Factor UCITS ETF USD (Acc)

Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT
Often compared with IWVL.L:
IWVL.L vs. VWRA.LIWVL.L vs. IWDA.ASIWVL.L vs. IWQU.LIWVL.L vs. DFIVIWVL.L vs. VOOIWVL.L vs. URTHIWVL.L vs. VT

Return for Risk

VYMI vs. IWVL.L — 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
IWVL.L
IWVL.L Risk / Return Rank: 9696
Overall Rank
IWVL.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVL.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWVL.L Omega Ratio Rank: 9595
Omega Ratio Rank
IWVL.L Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWVL.L Martin Ratio Rank: 9595
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. IWVL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). 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.

VYMIIWVL.LDifference
Sharpe ratioReturn per unit of total volatility
2.26
3.83

-1.57

Sortino ratioReturn per unit of downside risk
3.08
5.32

-2.24

Omega ratioGain probability vs. loss probability

1.41

1.68

-0.28

Calmar ratioReturn relative to maximum drawdown

2.96

7.10

-4.13

Martin ratioReturn relative to average drawdown

11.60

25.90

-14.30

VYMI vs. IWVL.L - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.26, which is lower than the IWVL.L Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of VYMI and IWVL.L, 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. IWVL.L - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, roughly equal to the maximum IWVL.L drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for VYMI and IWVL.L.

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Drawdown Indicators

VYMIIWVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.00%

-39.30%

-0.70%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-8.74%

-1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-14.46%

+1.62%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-26.55%

+2.50%

Max Drawdown (10Y)

Largest decline over 10 years

-40.00%

-39.30%

-0.70%

Current Drawdown

Current decline from peak

0.00%

-1.88%

+1.88%

Average Drawdown

Average peak-to-trough decline

-6.30%

-7.48%

+1.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

2.40%

+0.19%

Volatility

VYMI vs. IWVL.L - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 4.40%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 6.99%. This indicates that VYMI experiences smaller price fluctuations and is considered to be less risky than IWVL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VYMIIWVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.40%

6.99%

-2.59%

Volatility (6M)

Calculated over the trailing 6-month period

11.15%

13.69%

-2.54%

Volatility (1Y)

Calculated over the trailing 1-year period

13.33%

16.20%

-2.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.90%

16.15%

-1.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.85%

17.05%

-0.20%

VYMI vs. IWVL.L - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than IWVL.L's 0.25% 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. IWVL.L - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.39%, while IWVL.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
IWVL.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Frequently Asked Questions

VYMI and IWVL.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VYMI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VYMI is cheaper with a 0.07% expense ratio, compared with 0.25% for IWVL.L.

VYMI is categorized as Dividend, while IWVL.L is Global Equities. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VYMI and 0.25% for IWVL.L.

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