FNMA vs. VYM
Compare and contrast key facts about Federal National Mortgage Association (FNMA) and Vanguard High Dividend Yield ETF (VYM).
VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Feb 7, 2019.
Performance
FNMA vs. VYM - Performance Comparison
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FNMA vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | -32.34% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
VYM Vanguard High Dividend Yield ETF | 3.80% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 24.06% | -5.92% | 16.42% |
Returns By Period
In the year-to-date period, FNMA achieves a -32.34% return, which is significantly lower than VYM's 3.80% return. Over the past 10 years, FNMA has outperformed VYM with an annualized return of 18.15%, while VYM has yielded a comparatively lower 11.24% annualized return.
FNMA
- 1D
- -1.22%
- 1M
- 0.83%
- YTD
- -32.34%
- 6M
- -39.75%
- 1Y
- 14.87%
- 3Y*
- 160.65%
- 5Y*
- 28.90%
- 10Y*
- 18.15%
VYM
- 1D
- 1.80%
- 1M
- -3.92%
- YTD
- 3.80%
- 6M
- 6.39%
- 1Y
- 17.76%
- 3Y*
- 15.21%
- 5Y*
- 11.04%
- 10Y*
- 11.24%
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Return for Risk
FNMA vs. VYM — Risk / Return Rank
FNMA
VYM
FNMA vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal National Mortgage Association (FNMA) 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.
| FNMA | VYM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.18 | -1.04 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.69 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.12 | 1.68 | -1.56 |
Martin ratioReturn relative to average drawdown | 0.27 | 7.46 | -7.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNMA | VYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.18 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.79 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.69 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.49 | -0.41 |
Correlation
The correlation between FNMA and VYM is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FNMA vs. VYM - Dividend Comparison
FNMA has not paid dividends to shareholders, while VYM's dividend yield for the trailing twelve months is around 2.37%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.37% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Drawdowns
FNMA vs. VYM - Drawdown Comparison
The maximum FNMA drawdown since its inception was -99.74%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for FNMA and VYM.
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Drawdown Indicators
| FNMA | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -56.98% | -42.76% |
Max Drawdown (1Y)Largest decline over 1 year | -69.76% | -11.32% | -58.44% |
Max Drawdown (5Y)Largest decline over 5 years | -85.55% | -15.84% | -69.71% |
Max Drawdown (10Y)Largest decline over 10 years | -92.13% | -35.21% | -56.92% |
Current DrawdownCurrent decline from peak | -90.09% | -4.81% | -85.28% |
Average DrawdownAverage peak-to-trough decline | -46.01% | -7.25% | -38.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.44% | 2.55% | +27.89% |
Volatility
FNMA vs. VYM - Volatility Comparison
Federal National Mortgage Association (FNMA) has a higher volatility of 50.63% compared to Vanguard High Dividend Yield ETF (VYM) at 3.74%. This indicates that FNMA'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
| FNMA | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 50.63% | 3.74% | +46.89% |
Volatility (6M)Calculated over the trailing 6-month period | 69.43% | 7.96% | +61.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.23% | 15.17% | +91.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.16% | 13.97% | +77.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.50% | 16.33% | +66.17% |