VZICX vs. IVFIX
VZICX (Vanguard International Core Stock Fund Admiral Shares) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 5 years, VZICX returned 12.31%/yr vs 10.14%/yr for IVFIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. VZICX charges 0.38%/yr vs 0.86%/yr for IVFIX.
Performance
VZICX vs. IVFIX - Performance Comparison
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Returns By Period
In the year-to-date period, VZICX achieves a 15.03% return, which is significantly higher than IVFIX's 10.88% return.
VZICX
- 1D
- 1.35%
- 1M
- -0.10%
- 6M
- 7.45%
- YTD
- 15.03%
- 1Y
- 32.24%
- 3Y*
- 22.43%
- 5Y*
- 12.31%
- 10Y*
- —
- ALL TIME*
- 13.08%
IVFIX
- 1D
- -0.40%
- 1M
- 2.07%
- 6M
- 3.16%
- YTD
- 10.88%
- 1Y
- 20.80%
- 3Y*
- 15.59%
- 5Y*
- 10.14%
- 10Y*
- 7.18%
- ALL TIME*
- 3.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VZICX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VZICX Vanguard International Core Stock Fund Admiral Shares | 15.03% | 38.55% | 8.74% | 14.35% | -10.62% | 11.85% | 9.23% | 7.37% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 10.88% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 7.39% |
Correlation
The correlation between VZICX and IVFIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.70 |
Over the past year, the correlation between VZICX and IVFIX has dropped to 0.36 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
VZICX vs. IVFIX — Risk / Return Rank
VZICX
IVFIX
VZICX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International Core Stock Fund Admiral Shares (VZICX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
| VZICX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.73 | -0.74 |
| Martin ratioReturn relative to average drawdown | 11.01 | 8.59 | +2.43 |
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Drawdowns
VZICX vs. IVFIX - Drawdown Comparison
The maximum VZICX drawdown since its inception was -34.37%, smaller than the maximum IVFIX drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for VZICX and IVFIX.
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Drawdown Indicators
| VZICX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -51.49% | +17.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -6.97% | -3.84% |
Max Drawdown (3Y)Largest decline over 3 years | -13.30% | -10.75% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | -21.29% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -0.97% | -1.55% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -11.54% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.93% | 2.83% | +0.10% |
Volatility
VZICX vs. IVFIX - Volatility Comparison
Vanguard International Core Stock Fund Admiral Shares (VZICX) has a higher volatility of 5.56% compared to Federated Hermes International Strategic Value Dividend Fund (IVFIX) at 2.71%. This indicates that VZICX's price experiences larger fluctuations and is considered to be riskier than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VZICX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 2.71% | +2.85% |
Volatility (6M)Calculated over the trailing 6-month period | 14.66% | 9.75% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 12.03% | +4.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.67% | 13.13% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.04% | 14.56% | +3.48% |
VZICX vs. IVFIX - Expense Ratio Comparison
VZICX has a 0.38% expense ratio, which is lower than IVFIX's 0.86% expense ratio.
Dividends
VZICX vs. IVFIX - Dividend Comparison
VZICX's dividend yield for the trailing twelve months is around 3.84%, more than IVFIX's 3.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.57% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
VZICX Vanguard International Core Stock Fund Admiral Shares | 3.84% | 4.41% | 2.65% | 2.20% | 2.10% | 4.37% | 1.89% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VZICX and IVFIX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VZICX has higher volatility (5.56%) compared to IVFIX (2.71%). In terms of maximum drawdown, VZICX dropped -34.37% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (2.18 vs 1.94), 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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