VYMI vs. VEU

Last updated Jul 16, 2026

VYMI (Vanguard International High Dividend Yield ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, VYMI returned 10.81%/yr vs 9.77%/yr for VEU. Their correlation of 0.95 suggests significant overlap in exposure. VYMI charges 0.07%/yr vs 0.04%/yr for VEU.

Performance

VYMI vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VYMI achieves a 14.95% return, which is significantly higher than VEU's 13.71% return. Over the past 10 years, VYMI has outperformed VEU with an annualized return of 10.81%, while VEU has yielded a comparatively lower 9.77% annualized return.

VYMI

• 1D: 0.60%
• 1M: 1.45%
• 6M: 11.74%
• YTD: 14.95%
• 1Y: 32.17%
• 3Y*: 21.50%
• 5Y*: 13.68%
• 10Y*: 10.81%

VEU

• 1D: 0.34%
• 1M: -1.77%
• 6M: 9.23%
• YTD: 13.71%
• 1Y: 27.99%
• 3Y*: 17.81%
• 5Y*: 9.21%
• 10Y*: 9.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VYMI Vanguard International High Dividend Yield ETF	14.95%	38.05%	7.06%	17.07%	-7.02%	15.39%	-1.11%	18.43%	-12.65%	22.36%
VEU Vanguard FTSE All-World ex-US ETF	13.71%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between VYMI and VEU is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016	0.95

The correlation between VYMI and VEU has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

VYMI vs. VEU - Sectors Allocation Comparison

Sectors	VYMI	VEU
Financial Services	42.0%	22.6%
Energy	8.9%	4.7%
Basic Materials	7.0%	7.1%
Consumer Defensive	6.8%	4.9%
Healthcare	6.6%	6.7%
Industrials	6.5%	15.0%
Consumer Cyclical	6.5%	8.0%
Technology	5.4%	21.6%
Utilities	5.3%	3.0%
Communication Services	4.0%	4.5%
Real Estate	1.2%	1.9%

Return for Risk

VYMI vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VYMI

VYMI Risk / Return Rank: 86
VYMI Sharpe Ratio Rank: 91
VYMI Sortino Ratio Rank: 90
VYMI Omega Ratio Rank: 89
VYMI Calmar Ratio Rank: 77
VYMI Martin Ratio Rank: 81

VEU

VEU Risk / Return Rank: 63
VEU Sharpe Ratio Rank: 64
VEU Sortino Ratio Rank: 62
VEU Omega Ratio Rank: 65
VEU Calmar Ratio Rank: 61
VEU Martin Ratio Rank: 64

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. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and Vanguard FTSE All-World ex-US ETF (VEU). 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	VEU	Difference
Sharpe ratio: Return per unit of total volatility	2.44	1.69	+0.76
Sortino ratio: Return per unit of downside risk	3.34	2.32	+1.02
Omega ratio: Gain probability vs. loss probability	1.44	1.31	+0.13
Calmar ratio: Return relative to maximum drawdown	3.19	2.46	+0.73
Martin ratio: Return relative to average drawdown	12.41	9.22	+3.19

VYMI vs. VEU - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.44, which is higher than the VEU Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of VYMI and VEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VYMI vs. VEU - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for VYMI and VEU.

Drawdown Indicators

	VYMI	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-40.00%	-61.52%	+21.52%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-11.43%	+1.29%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-13.69%	+0.85%
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	-29.14%	+5.09%
Max Drawdown (10Y) Largest decline over 10 years	-40.00%	-34.98%	-5.02%
Current Drawdown Current decline from peak	0.00%	-2.46%	+2.46%
Average Drawdown Average peak-to-trough decline	-6.25%	-13.07%	+6.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	3.04%	-0.44%

Volatility

VYMI vs. VEU - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 3.04%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.41%. This indicates that VYMI experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VYMI	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	5.41%	-2.37%
Volatility (6M) Calculated over the trailing 6-month period	11.32%	14.76%	-3.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	16.67%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	16.32%	-1.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	17.04%	-0.51%

VYMI vs. VEU - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is higher than VEU's 0.04% 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. VEU - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.55%, more than VEU's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEU Vanguard FTSE All-World ex-US ETF	2.55%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%
VYMI Vanguard International High Dividend Yield ETF	3.55%	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

Can I hold both VYMI and VEU in my portfolio?

VYMI and VEU have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYMI or VEU?

VEU has higher volatility (5.41%) compared to VYMI (3.04%). In terms of maximum drawdown, VYMI dropped -40.00% vs VEU's -61.52%.

Which ETF is better, VYMI or VEU?

On 10-year performance, VYMI leads with 10.81% vs 9.77% for VEU. On fees, VEU is cheaper at 0.04% per year. On volatility, VYMI has been the lower-risk option at 3.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYMI or VEU?

Over the 10-year period, VYMI has performed better with a 10.81% return vs 9.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYMI or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.07% for VYMI.

Which ETF pays a higher dividend yield, VYMI or VEU?

VYMI has the higher dividend yield at 3.55%, compared with 2.55% for VEU.

What is the main difference between VYMI and VEU?

VYMI is categorized as Dividend, while VEU is Foreign Large Cap Equities. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while VEU tracks FTSE All-World ex US Index. Their fees differ too: 0.07% for VYMI and 0.04% for VEU.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.44 vs 1.69), 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.