VYMI vs. SLQD
VYMI (Vanguard International High Dividend Yield ETF) and SLQD (iShares 0-5 Year Investment Grade Corporate Bond ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while SLQD is a Corporate Bonds fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 Index. Both are passively managed. Over the past 10 years, VYMI returned 11.24%/yr vs 2.71%/yr for SLQD. At a 0.17 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.06%/yr for SLQD.
Performance
VYMI vs. SLQD - 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 SLQD's 1.01% return. Over the past 10 years, VYMI has outperformed SLQD with an annualized return of 11.24%, while SLQD has yielded a comparatively lower 2.71% 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%
SLQD
- 1D
- -0.02%
- 1M
- 0.26%
- YTD
- 1.01%
- 6M
- 1.39%
- 1Y
- 4.39%
- 3Y*
- 5.51%
- 5Y*
- 2.53%
- 10Y*
- 2.71%
VYMI vs. SLQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 1.01% | 6.27% | 4.94% | 5.98% | -4.38% | -0.61% | 4.76% | 6.09% | 1.09% | 2.12% |
Correlation
The correlation between VYMI and SLQD is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.17 |
Over the past year, VYMI and SLQD have become more correlated (0.46) than their long-term average of 0.17, meaning their price movements have been converging.
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Return for Risk
VYMI vs. SLQD — Risk / Return Rank
VYMI
SLQD
VYMI vs. SLQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD). 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 | SLQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.61 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 4.15 | -1.19 |
| Martin ratioReturn relative to average drawdown | 11.60 | 18.78 | -7.18 |
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Drawdowns
VYMI vs. SLQD - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, which is greater than SLQD's maximum drawdown of -12.69%. Use the drawdown chart below to compare losses from any high point for VYMI and SLQD.
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Drawdown Indicators
| VYMI | SLQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.00% | -12.69% | -27.31% |
Max Drawdown (1Y)Largest decline over 1 year | -10.14% | -1.06% | -9.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -1.06% | -11.78% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -7.63% | -16.42% |
Max Drawdown (10Y)Largest decline over 10 years | -40.00% | -12.69% | -27.31% |
Current DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -0.87% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 0.23% | +2.36% |
Volatility
VYMI vs. SLQD - Volatility Comparison
Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 4.40% compared to iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) at 0.53%. This indicates that VYMI's price experiences larger fluctuations and is considered to be riskier than SLQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VYMI | SLQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 0.53% | +3.87% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 1.13% | +10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 1.49% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 2.44% | +12.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 3.14% | +13.71% |
VYMI vs. SLQD - Expense Ratio Comparison
VYMI has a 0.07% expense ratio, which is higher than SLQD's 0.06% expense ratio. However, 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. SLQD - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 3.39%, less than SLQD's 4.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLQD iShares 0-5 Year Investment Grade Corporate Bond ETF | 4.31% | 4.15% | 3.71% | 2.99% | 2.00% | 1.67% | 2.34% | 2.89% | 2.55% | 1.98% | 1.81% | 1.43% |
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 SLQD have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VYMI has higher volatility (4.40%) compared to SLQD (0.53%). In terms of maximum drawdown, VYMI dropped -40.00% vs SLQD's -12.69%.
On 10-year performance, VYMI leads with 11.24% vs 2.71% for SLQD. On fees, SLQD is cheaper at 0.06% per year. On volatility, SLQD has been the lower-risk option at 0.53%. 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 2.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SLQD is cheaper with a 0.06% expense ratio, compared with 0.07% for VYMI.
SLQD has the higher dividend yield at 4.31%, compared with 3.39% for VYMI.
VYMI is categorized as Dividend, while SLQD is Corporate Bonds. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while SLQD tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VYMI and 0.06% for SLQD.
SLQD currently has the higher Sharpe Ratio (2.96 vs 2.26), 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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