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VYMI vs. VHYAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VYMI vs. VHYAX

Last updated Jun 11, 2026

VYMI (Vanguard International High Dividend Yield ETF) and VHYAX (Vanguard High Dividend Yield Index Fund Admiral Shares) are both funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while VHYAX is a Large Cap Value Equities fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 5 years, VYMI returned 11.65%/yr vs 11.37%/yr for VHYAX. A 0.75 correlation means they provide meaningful diversification when combined. VYMI charges 0.07%/yr vs 0.08%/yr for VHYAX.

Performance

VYMI vs. VHYAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VYMI achieves a 9.74% return, which is significantly lower than VHYAX's 11.37% return.

VYMI

1D
-0.72%
1M
-1.87%
YTD
9.74%
6M
12.00%
1Y
27.24%
3Y*
20.88%
5Y*
11.65%
10Y*
10.59%

VHYAX

1D
0.50%
1M
1.98%
YTD
11.37%
6M
9.59%
1Y
24.22%
3Y*
18.06%
5Y*
11.37%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. VHYAX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VYMI
Vanguard International High Dividend Yield ETF		9.74%38.05%7.06%17.07%-7.02%15.39%-1.11%10.32%
VHYAX
Vanguard High Dividend Yield Index Fund Admiral Shares		11.37%15.39%17.39%6.68%-0.45%26.08%1.06%16.67%

Correlation

The correlation between VYMI and VHYAX is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2019

0.75

The correlation between VYMI and VHYAX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

VYMI vs. VHYAX - Sectors Allocation Comparison

Sectors
VYMI
VHYAX

Financial Services

41.9%
20.5%

Energy

9.5%
9.8%

Consumer Defensive

7.0%
8.1%

Basic Materials

6.8%
3.5%

Healthcare

6.6%
12.2%

Industrials

6.6%
12.1%

Consumer Cyclical

6.5%
6.7%

Utilities

5.6%
5.7%

Technology

4.3%
17.7%

Communication Services

4.0%
3.5%

Real Estate

1.3%
0.0%

Financial Services

VYMI
41.9%
VHYAX
20.5%

Energy

VYMI
9.5%
VHYAX
9.8%

Consumer Defensive

VYMI
7.0%
VHYAX
8.1%

Basic Materials

VYMI
6.8%
VHYAX
3.5%

Healthcare

VYMI
6.6%
VHYAX
12.2%

Industrials

VYMI
6.6%
VHYAX
12.1%

Consumer Cyclical

VYMI
6.5%
VHYAX
6.7%

Utilities

VYMI
5.6%
VHYAX
5.7%

Technology

VYMI
4.3%
VHYAX
17.7%

Communication Services

VYMI
4.0%
VHYAX
3.5%

Real Estate

VYMI
1.3%
VHYAX
0.0%

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Vanguard International High Dividend Yield ETF

Vanguard High Dividend Yield Index Fund Admiral Shares

Often compared with VYMI:
VYMI vs. VYMVYMI vs. SCHYVYMI vs. SCHDVYMI vs. VIGIVYMI vs. VOOVYMI vs. IDEVVYMI vs. VT
Often compared with VHYAX:
VHYAX vs. VDIGXVHYAX vs. SCHDVHYAX vs. VIHAXVHYAX vs. VEIPXVHYAX vs. VOOVHYAX vs. SPYVHYAX vs. VDADX

Return for Risk

VYMI vs. VHYAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VYMI
VYMI Risk / Return Rank: 7070
Overall Rank
VYMI Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
VYMI Sortino Ratio Rank: 7474
Sortino Ratio Rank
VYMI Omega Ratio Rank: 7474
Omega Ratio Rank
VYMI Calmar Ratio Rank: 6262
Calmar Ratio Rank
VYMI Martin Ratio Rank: 6767
Martin Ratio Rank
VHYAX
VHYAX Risk / Return Rank: 8383
Overall Rank
VHYAX Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
VHYAX Sortino Ratio Rank: 8282
Sortino Ratio Rank
VHYAX Omega Ratio Rank: 7777
Omega Ratio Rank
VHYAX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VHYAX Martin Ratio Rank: 8686
Martin Ratio Rank
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. VHYAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) and Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX). 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.

VYMIVHYAXDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.41

-0.32

Sortino ratioReturn per unit of downside risk
2.84
3.41

-0.57

Omega ratioGain probability vs. loss probability

1.37

1.43

-0.06

Calmar ratioReturn relative to maximum drawdown

2.70

3.70

-1.00

Martin ratioReturn relative to average drawdown

10.55

13.95

-3.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VYMI vs. VHYAX - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.08, which is comparable to the VHYAX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VYMI and VHYAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VYMIVHYAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.08

2.41

-0.32

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

0.82

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.63

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.70

-0.06

Drawdowns

VYMI vs. VHYAX - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, which is greater than VHYAX's maximum drawdown of -35.14%. Use the drawdown chart below to compare losses from any high point for VYMI and VHYAX.

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Drawdown Indicators

VYMIVHYAXDifference

Max Drawdown

Largest peak-to-trough decline

-40.00%

-35.14%

-4.86%

Max Drawdown (1Y)

Largest decline over 1 year

-10.14%

-6.75%

-3.39%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-14.42%

+1.58%

Max Drawdown (5Y)

Largest decline over 5 years

-24.05%

-15.87%

-8.18%

Max Drawdown (10Y)

Largest decline over 10 years

-40.00%

—

—

Current Drawdown

Current decline from peak

-2.79%

-1.38%

-1.41%

Average Drawdown

Average peak-to-trough decline

-6.30%

-3.77%

-2.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.59%

1.79%

+0.80%

Volatility

VYMI vs. VHYAX - Volatility Comparison

Vanguard International High Dividend Yield ETF (VYMI) has a higher volatility of 3.70% compared to Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) at 2.86%. This indicates that VYMI's price experiences larger fluctuations and is considered to be riskier than VHYAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VYMIVHYAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.70%

2.86%

+0.84%

Volatility (6M)

Calculated over the trailing 6-month period

10.97%

7.79%

+3.18%

Volatility (1Y)

Calculated over the trailing 1-year period

13.13%

10.38%

+2.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.87%

14.01%

+0.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.85%

17.95%

-1.10%

VYMI vs. VHYAX - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than VHYAX's 0.08% 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%.

Dividends

VYMI vs. VHYAX - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.49%, more than VHYAX's 2.19% yield.

PositionTTM2025202420232022202120202019201820172016
VHYAX
Vanguard High Dividend Yield Index Fund Admiral Shares		2.19%2.42%2.72%3.09%2.98%2.74%3.16%3.00%0.00%0.00%0.00%
VYMI
Vanguard International High Dividend Yield ETF		3.49%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 VHYAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VYMI has higher volatility (3.70%) compared to VHYAX (2.86%). In terms of maximum drawdown, VYMI dropped -40.00% vs VHYAX's -35.14%.

VHYAX currently has the higher Sharpe Ratio (2.41 vs 2.08), 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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