PFM vs. VYM
Compare and contrast key facts about Invesco Dividend Achievers™ ETF (PFM) and Vanguard High Dividend Yield ETF (VYM).
PFM and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PFM is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Broad Dividend Achievers Index. It was launched on Sep 15, 2005. 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. Both PFM 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.
Performance
PFM vs. VYM - Performance Comparison
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PFM vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | -0.42% | 14.00% | 16.87% | 11.40% | -6.22% | 23.08% | 9.53% | 26.88% | -4.58% | 17.65% |
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, PFM achieves a -0.42% return, which is significantly lower than VYM's 3.80% return. Both investments have delivered pretty close results over the past 10 years, with PFM having a 11.05% annualized return and VYM not far ahead at 11.24%.
PFM
- 1D
- 1.94%
- 1M
- -4.89%
- YTD
- -0.42%
- 6M
- 1.44%
- 1Y
- 13.27%
- 3Y*
- 13.63%
- 5Y*
- 9.94%
- 10Y*
- 11.05%
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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PFM vs. VYM - Expense Ratio Comparison
PFM has a 0.53% expense ratio, which is higher than VYM's 0.04% expense ratio.
Return for Risk
PFM vs. VYM — Risk / Return Rank
PFM
VYM
PFM vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) 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.
| PFM | VYM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.18 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.38 | 1.69 | -0.31 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.26 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 1.68 | -0.33 |
Martin ratioReturn relative to average drawdown | 6.36 | 7.46 | -1.11 |
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
| PFM | VYM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.18 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.79 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.69 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Correlation
The correlation between PFM 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.
Dividends
PFM vs. VYM - Dividend Comparison
PFM's dividend yield for the trailing twelve months is around 1.45%, less than VYM's 2.37% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | 1.45% | 1.41% | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% |
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
PFM vs. VYM - Drawdown Comparison
The maximum PFM drawdown since its inception was -53.21%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PFM and VYM.
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Drawdown Indicators
| PFM | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.21% | -56.98% | +3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -11.32% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.81% | -15.84% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -32.22% | -35.21% | +2.99% |
Current DrawdownCurrent decline from peak | -5.29% | -4.81% | -0.48% |
Average DrawdownAverage peak-to-trough decline | -6.99% | -7.25% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.55% | -0.27% |
Volatility
PFM vs. VYM - Volatility Comparison
Invesco Dividend Achievers™ ETF (PFM) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 3.82% and 3.74%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFM | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.74% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.29% | 7.96% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 15.17% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.56% | 13.97% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.21% | 16.33% | -1.12% |