VYMI vs. SPLV
Compare and contrast key facts about Vanguard International High Dividend Yield ETF (VYMI) and Invesco S&P 500® Low Volatility ETF (SPLV).
VYMI and SPLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VYMI is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US High Dividend Yield Index. It was launched on Feb 25, 2016. SPLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Index. It was launched on May 5, 2011. Both VYMI and SPLV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VYMI or SPLV.
Key characteristics
| VYMI | SPLV | |
|---|---|---|
| YTD Return | 5.81% | 4.21% |
| 1Y Return | 14.11% | 4.49% |
| 3Y Return (Ann) | 5.02% | 3.90% |
| 5Y Return (Ann) | 7.44% | 6.51% |
| Sharpe Ratio | 1.19 | 0.45 |
| Daily Std Dev | 11.98% | 9.49% |
| Max Drawdown | -40.00% | -36.26% |
| Current Drawdown | 0.00% | -2.15% |
Correlation
The correlation between VYMI and SPLV is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VYMI vs. SPLV - Performance Comparison
In the year-to-date period, VYMI achieves a 5.81% return, which is significantly higher than SPLV's 4.21% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VYMI vs. SPLV - Expense Ratio Comparison
VYMI has a 0.22% expense ratio, which is lower than SPLV'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%.
Risk-Adjusted Performance
VYMI vs. SPLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and Invesco S&P 500® Low Volatility ETF (SPLV). 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.
Dividends
VYMI vs. SPLV - Dividend Comparison
VYMI's dividend yield for the trailing twelve months is around 4.80%, more than SPLV's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VYMI Vanguard International High Dividend Yield ETF | 4.80% | 4.58% | 4.70% | 4.30% | 3.22% | 4.20% | 4.29% | 3.21% | 2.39% | 0.00% | 0.00% | 0.00% |
SPLV Invesco S&P 500® Low Volatility ETF | 2.36% | 2.45% | 2.11% | 1.51% | 2.12% | 2.08% | 2.18% | 2.03% | 2.03% | 2.28% | 2.20% | 2.60% |
Drawdowns
VYMI vs. SPLV - Drawdown Comparison
The maximum VYMI drawdown since its inception was -40.00%, which is greater than SPLV's maximum drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for VYMI and SPLV. For additional features, visit the drawdowns tool.
Volatility
VYMI vs. SPLV - Volatility Comparison
Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 3.92% compared to Invesco S&P 500® Low Volatility ETF (SPLV) at 2.79%. This indicates that VYMI's price experiences larger fluctuations and is considered to be riskier than SPLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.