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DVY vs. VYM

Last updated Jun 3, 2023

Compare and contrast key facts about iShares Select Dividend ETF (DVY) and Vanguard High Dividend Yield ETF (VYM).

DVY and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVY is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Dividend Index. It was launched on Nov 3, 2003. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006. Both DVY and VYM 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: DVY or VYM.

Key characteristics


DVYVYM
YTD Return-6.66%-3.16%
1Y Return-11.21%-3.62%
5Y Return (Ann)6.45%7.61%
10Y Return (Ann)9.30%9.53%
Sharpe Ratio-0.57-0.16
Daily Std Dev18.81%17.25%
Max Drawdown-62.59%-56.98%

Correlation

0.94
-1.001.00

The correlation between DVY and VYM is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

DVY vs. VYM - Performance Comparison

In the year-to-date period, DVY achieves a -6.66% return, which is significantly higher than VYM's -3.16% return. Both investments have delivered pretty close results over the past 10 years, with DVY having a 9.30% annualized return and VYM not far ahead at 9.53%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-7.76%
-4.75%
DVY
VYM

Compare stocks, funds, or ETFs


iShares Select Dividend ETF

Vanguard High Dividend Yield ETF

DVY vs. VYM - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 4.61%, more than VYM's 3.81% yield.


TTM20222021202020192018201720162015201420132012
DVY
iShares Select Dividend ETF
4.61%3.46%3.26%3.95%3.84%4.18%3.62%3.79%4.43%4.03%4.21%5.26%
VYM
Vanguard High Dividend Yield ETF
3.81%3.03%2.87%3.40%3.36%3.89%3.31%3.55%4.04%3.60%3.75%4.44%

DVY vs. VYM - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than VYM's 0.06% expense ratio.

DVY vs. VYM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) and Vanguard High Dividend Yield ETF (VYM). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
DVY
iShares Select Dividend ETF
-0.57
VYM
Vanguard High Dividend Yield ETF
-0.16

DVY vs. VYM - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is -0.57, which is lower than the VYM Sharpe Ratio of -0.16. The chart below compares the 12-month rolling Sharpe Ratio of DVY and VYM.


-0.80-0.60-0.40-0.200.000.200.402023FebruaryMarchAprilMayJune
-0.57
-0.16
DVY
VYM

DVY vs. VYM - Drawdown Comparison

The maximum DVY drawdown for the period was -14.87%, lower than the maximum VYM drawdown of -9.46%. The drawdown chart below compares losses from any high point along the way for DVY and VYM


-15.00%-10.00%-5.00%0.00%2023FebruaryMarchAprilMayJune
-12.46%
-6.54%
DVY
VYM

DVY vs. VYM - Volatility Comparison

iShares Select Dividend ETF (DVY) has a higher volatility of 4.63% compared to Vanguard High Dividend Yield ETF (VYM) at 3.91%. This indicates that DVY's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%2023FebruaryMarchAprilMayJune
4.63%
3.91%
DVY
VYM