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DVY vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DVY vs. VYM

Last updated Jun 24, 2026

DVY (iShares Select Dividend ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, DVY returned 10.39%/yr vs 11.98%/yr for VYM. Their correlation of 0.93 suggests significant overlap in exposure. DVY charges 0.39%/yr vs 0.04%/yr for VYM.

Performance

DVY vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Select Dividend ETF (DVY) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with DVY having a 11.95% return and VYM slightly lower at 11.51%. Over the past 10 years, DVY has underperformed VYM with an annualized return of 10.39%, while VYM has yielded a comparatively higher 11.98% annualized return.

DVY

1D
0.93%
1M
0.67%
YTD
11.95%
6M
11.29%
1Y
22.55%
3Y*
16.40%
5Y*
9.78%
10Y*
10.39%

VYM

1D
-0.16%
1M
0.26%
YTD
11.51%
6M
10.83%
1Y
24.08%
3Y*
18.41%
5Y*
11.88%
10Y*
11.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DVY vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DVY
iShares Select Dividend ETF		11.95%11.60%16.24%1.12%1.80%31.70%-4.91%22.62%-6.36%14.82%
VYM
Vanguard High Dividend Yield ETF		11.51%15.42%17.60%6.57%-0.43%26.20%1.15%24.06%-5.92%16.42%

Correlation

The correlation between DVY and VYM is 0.80, 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

0.80

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

0.87

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

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2006

0.93

The correlation between DVY and VYM shifts across timeframes, from 0.80 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.

DVY vs. VYM - Sectors Allocation Comparison

Sectors
DVY
VYM

Financial Services

25.8%
19.9%

Utilities

23.8%
5.4%

Consumer Defensive

13.4%
8.0%

Consumer Cyclical

10.0%
6.6%

Energy

8.2%
9.1%

Communication Services

5.3%
3.4%

Healthcare

5.1%
12.2%

Technology

3.8%
20.3%

Industrials

2.1%
11.8%

Basic Materials

2.0%
3.4%

Real Estate

-

0.0%

Financial Services

DVY
25.8%
VYM
19.9%

Utilities

DVY
23.8%
VYM
5.4%

Consumer Defensive

DVY
13.4%
VYM
8.0%

Consumer Cyclical

DVY
10.0%
VYM
6.6%

Energy

DVY
8.2%
VYM
9.1%

Communication Services

DVY
5.3%
VYM
3.4%

Healthcare

DVY
5.1%
VYM
12.2%

Technology

DVY
3.8%
VYM
20.3%

Industrials

DVY
2.1%
VYM
11.8%

Basic Materials

DVY
2.0%
VYM
3.4%

Real Estate

DVY

-

VYM
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Select Dividend ETF

Vanguard High Dividend Yield ETF

Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOODVY vs. DVYE
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. FDVVVYM vs. VOOVYM vs. VTIVYM vs. DGRO

Return for Risk

DVY vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DVY
DVY Risk / Return Rank: 6464
Overall Rank
DVY Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 6767
Sortino Ratio Rank
DVY Omega Ratio Rank: 5858
Omega Ratio Rank
DVY Calmar Ratio Rank: 6868
Calmar Ratio Rank
DVY Martin Ratio Rank: 6666
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 7575
Overall Rank
VYM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 7979
Sortino Ratio Rank
VYM Omega Ratio Rank: 7575
Omega Ratio Rank
VYM Calmar Ratio Rank: 7373
Calmar Ratio Rank
VYM Martin Ratio Rank: 7474
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.

DVY vs. VYM - Risk-Adjusted Trends 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.

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.

DVYVYMDifference
Sharpe ratioReturn per unit of total volatility
2.01
2.33

-0.32

Sortino ratioReturn per unit of downside risk
2.93
3.33

-0.40

Omega ratioGain probability vs. loss probability

1.34

1.42

-0.08

Calmar ratioReturn relative to maximum drawdown

3.29

3.61

-0.33

Martin ratioReturn relative to average drawdown

11.48

13.43

-1.95

DVY vs. VYM - Sharpe Ratio Comparison

The current DVY Sharpe Ratio is 2.01, which is comparable to the VYM Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of DVY and VYM, 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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Drawdowns

DVY vs. VYM - Drawdown Comparison

The maximum DVY drawdown since its inception was -62.59%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for DVY and VYM.

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Drawdown Indicators

DVYVYMDifference

Max Drawdown

Largest peak-to-trough decline

-62.59%

-56.98%

-5.61%

Max Drawdown (1Y)

Largest decline over 1 year

-6.89%

-6.69%

-0.20%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-14.46%

-1.54%

Max Drawdown (5Y)

Largest decline over 5 years

-17.54%

-15.84%

-1.70%

Max Drawdown (10Y)

Largest decline over 10 years

-41.59%

-35.21%

-6.38%

Current Drawdown

Current decline from peak

-1.28%

-1.28%

0.00%

Average Drawdown

Average peak-to-trough decline

-8.77%

-7.18%

-1.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.80%

+0.17%

Volatility

DVY vs. VYM - Volatility Comparison

iShares Select Dividend ETF (DVY) has a higher volatility of 3.47% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. 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.

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Volatility by Period

DVYVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.47%

3.02%

+0.45%

Volatility (6M)

Calculated over the trailing 6-month period

7.79%

7.64%

+0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.28%

10.39%

+0.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

13.93%

+1.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.02%

16.32%

+1.70%

DVY vs. VYM - Expense Ratio Comparison

DVY has a 0.39% expense ratio, which is higher than VYM's 0.04% expense ratio.

Dividends

DVY vs. VYM - Dividend Comparison

DVY's dividend yield for the trailing twelve months is around 3.38%, more than VYM's 2.30% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.38%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
VYM
Vanguard High Dividend Yield ETF		2.30%2.44%2.74%3.12%3.01%2.76%3.18%3.03%3.40%2.80%2.91%3.22%

Frequently Asked Questions

DVY and VYM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DVY has higher volatility (3.47%) compared to VYM (3.02%). In terms of maximum drawdown, DVY dropped -62.59% vs VYM's -56.98%.

On 10-year performance, VYM leads with 11.98% vs 10.39% for DVY. On fees, VYM is cheaper at 0.04% per year. On volatility, VYM has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VYM has performed better with a 11.98% return vs 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VYM is cheaper with a 0.04% expense ratio, compared with 0.39% for DVY.

DVY has the higher dividend yield at 3.38%, compared with 2.30% for VYM.

DVY is categorized as Large Cap Value Equities, while VYM is Dividend. DVY tracks Dow Jones U.S. Select Dividend Index, while VYM tracks FTSE High Dividend Yield Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.39% for DVY and 0.04% for VYM.

VYM currently has the higher Sharpe Ratio (2.33 vs 2.01), 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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