VYMI vs. ONON
VYMI (Vanguard International High Dividend Yield ETF) is Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while ONON (On Holding AG) is a stock. Over the past 3 years, VYMI returned 21.73%/yr vs 9.06%/yr for ONON. At a 0.39 correlation, their price movements are largely independent.
Performance
VYMI vs. ONON - Performance Comparison
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Returns By Period
In the year-to-date period, VYMI achieves a 12.90% return, which is significantly higher than ONON's -17.00% return.
VYMI
- 1D
- 0.54%
- 1M
- 1.28%
- YTD
- 12.90%
- 6M
- 14.90%
- 1Y
- 31.26%
- 3Y*
- 21.73%
- 5Y*
- 12.29%
- 10Y*
- 11.24%
ONON
- 1D
- -1.61%
- 1M
- 4.72%
- YTD
- -17.00%
- 6M
- -20.88%
- 1Y
- -26.18%
- 3Y*
- 9.06%
- 5Y*
- —
- 10Y*
- —
VYMI vs. ONON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 12.90% | 38.05% | 7.06% | 17.07% | -7.02% | 0.98% |
ONON On Holding AG | -17.00% | -15.14% | 103.08% | 57.17% | -54.62% | 6.81% |
Correlation
The correlation between VYMI and ONON is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2021 | 0.39 |
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Return for Risk
VYMI vs. ONON — Risk / Return Rank
VYMI
ONON
VYMI vs. ONON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and On Holding AG (ONON). 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 | ONON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.90 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | -0.75 | +3.71 |
| Martin ratioReturn relative to average drawdown | 11.60 | -1.37 | +12.97 |
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Drawdowns
VYMI vs. ONON - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum ONON drawdown of -68.90%. Use the drawdown chart below to compare losses from any high point for VYMI and ONON.
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Drawdown Indicators
| VYMI | ONON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -68.90% | +28.90% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -41.35% | +31.21% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -49.89% | +37.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -39.36% | +39.36% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -36.00% | +29.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 24.17% | -21.58% |
Volatility
VYMI vs. ONON - Volatility Comparison
The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 4.40%, while On Holding AG (ONON) has a volatility of 10.19%. This indicates that VYMI experiences smaller price fluctuations and is considered to be less risky than ONON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VYMI | ONON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 10.19% | -5.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 31.15% | -20.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 45.23% | -31.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 57.14% | -42.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 57.14% | -40.29% |
Dividends
VYMI vs. ONON - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.39%, while ONON has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ONON On Holding AG | 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 ONON have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ONON has higher volatility (10.19%) compared to VYMI (4.40%). In terms of maximum drawdown, VYMI dropped -40.00% vs ONON's -68.90%.
VYMI currently has the higher Sharpe Ratio (2.26 vs -0.68), 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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