VYMI vs. RLY
VYMI (Vanguard International High Dividend Yield ETF) and RLY (State Street Multi-Asset Real Return ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while RLY is a Hedge Fund fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index. Both are passively managed. Over the past 10 years, VYMI returned 10.70%/yr vs 8.02%/yr for RLY. A 0.75 correlation means they provide meaningful diversification when combined. VYMI charges 0.07%/yr vs 0.50%/yr for RLY.
Performance
VYMI vs. RLY - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VYMI having a 13.64% return and RLY slightly higher at 13.94%. Over the past 10 years, VYMI has outperformed RLY with an annualized return of 10.70%, while RLY has yielded a comparatively lower 8.02% annualized return.
VYMI
- 1D
- -0.65%
- 1M
- 0.98%
- 6M
- 10.39%
- YTD
- 13.64%
- 1Y
- 30.07%
- 3Y*
- 20.68%
- 5Y*
- 13.43%
- 10Y*
- 10.70%
- ALL TIME*
- 11.03%
RLY
- 1D
- -0.31%
- 1M
- 1.21%
- 6M
- 8.76%
- YTD
- 13.94%
- 1Y
- 24.26%
- 3Y*
- 12.31%
- 5Y*
- 10.60%
- 10Y*
- 8.02%
- ALL TIME*
- 4.68%
VYMI vs. RLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 13.64% | 38.05% | 7.06% | 17.07% | -7.02% | 15.39% | -1.11% | 18.43% | -12.65% | 22.36% |
RLY State Street Multi-Asset Real Return ETF | 13.94% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
Correlation
The correlation between VYMI and RLY is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.75 |
The correlation between VYMI and RLY shifts across timeframes, from 0.57 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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. RLY — Risk / Return Rank
VYMI
RLY
VYMI vs. RLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and State Street Multi-Asset Real Return ETF (RLY). 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 | RLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 3.23 | -0.25 |
| Martin ratioReturn relative to average drawdown | 11.59 | 11.48 | +0.11 |
Loading charts...
Drawdowns
VYMI vs. RLY - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, which is greater than RLY's maximum drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for VYMI and RLY.
Loading charts...
Drawdown Indicators
| VYMI | RLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -37.75% | -2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -7.54% | -2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -10.08% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -18.94% | -5.11% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | -34.17% | -5.83% |
Current DrawdownCurrent decline from peak | -1.14% | -4.28% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -9.42% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.12% | +0.48% |
Volatility
VYMI vs. RLY - Volatility Comparison
Vanguard International High Dividend Yield ETF (VYMI) and State Street Multi-Asset Real Return ETF (RLY) have volatilities of 2.96% and 2.91%, 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.
Loading charts...
Volatility by Period
| VYMI | RLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.91% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 11.33% | 8.44% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.27% | 10.56% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.83% | 13.47% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.53% | 13.79% | +2.74% |
VYMI vs. RLY - Expense Ratio Comparison
VYMI has a 0.07% expense ratio, which is lower than RLY's 0.50% expense ratio.
Dividends
VYMI vs. RLY - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.60%, more than RLY's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY State Street Multi-Asset Real Return ETF | 3.11% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
VYMI Vanguard International High Dividend Yield ETF | 3.60% | 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 RLY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (2.96%) compared to RLY (2.91%). In terms of maximum drawdown, VYMI dropped -40.00% vs RLY's -37.75%.
On 10-year performance, VYMI leads with 10.70% vs 8.02% for RLY. On fees, VYMI is cheaper at 0.07% per year. Their volatility is very similar. 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 10.70% return vs 8.02%. 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 0.50% for RLY.
VYMI has the higher dividend yield at 3.60%, compared with 3.11% for RLY.
VYMI is categorized as Dividend, while RLY is Hedge Fund. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while RLY tracks Bloomberg U.S. Government Inflation-Linked Bond Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.07% for VYMI and 0.50% for RLY.
RLY currently has the higher Sharpe Ratio (2.31 vs 2.28), 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 RLY
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