PWP vs. VYM
PWP (Perella Weinberg Partners) is a stock, while VYM (Vanguard High Dividend Yield ETF) is Dividend fund tracking the FTSE High Dividend Yield Index. Over the past 5 years, PWP returned 5.06%/yr vs 12.10%/yr for VYM. At a 0.44 correlation, their price movements are largely independent.
Performance
PWP vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, PWP achieves a -13.18% return, which is significantly lower than VYM's 13.58% return.
PWP
- 1D
- -3.93%
- 1M
- -4.79%
- 6M
- -20.32%
- YTD
- -13.18%
- 1Y
- -24.38%
- 3Y*
- 21.55%
- 5Y*
- 5.06%
- 10Y*
- —
VYM
- 1D
- 0.32%
- 1M
- 1.08%
- 6M
- 10.70%
- YTD
- 13.58%
- 1Y
- 22.37%
- 3Y*
- 18.00%
- 5Y*
- 12.10%
- 10Y*
- 11.59%
PWP vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PWP Perella Weinberg Partners | -13.18% | -26.45% | 98.18% | 28.39% | -21.21% | 15.04% | 126.00% |
VYM Vanguard High Dividend Yield ETF | 13.58% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 4.70% |
Correlation
The correlation between PWP and VYM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2020 | 0.44 |
The correlation between PWP and VYM has been stable across timeframes, ranging from 0.44 to 0.50 - a consistent structural relationship.
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Return for Risk
PWP vs. VYM — Risk / Return Rank
PWP
VYM
PWP vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perella Weinberg Partners (PWP) 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.
| PWP | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.70 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.38 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 3.25 | -3.94 |
| Martin ratioReturn relative to average drawdown | -1.36 | 12.05 | -13.41 |
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Drawdowns
PWP vs. VYM - Drawdown Comparison
The maximum PWP drawdown since its inception was -60.44%, which is greater than VYM's maximum drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for PWP and VYM.
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Drawdown Indicators
| PWP | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.44% | -56.98% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -39.12% | -6.69% | -32.43% |
Max Drawdown (3Y)Largest decline over 3 years | -43.13% | -14.46% | -28.67% |
Max Drawdown (5Y)Largest decline over 5 years | -60.44% | -15.84% | -44.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -42.36% | 0.00% | -42.36% |
Average DrawdownAverage peak-to-trough decline | -21.18% | -7.16% | -14.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.04% | 1.80% | +18.24% |
Volatility
PWP vs. VYM - Volatility Comparison
Perella Weinberg Partners (PWP) has a higher volatility of 17.76% compared to Vanguard High Dividend Yield ETF (VYM) at 2.47%. This indicates that PWP'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
| PWP | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.76% | 2.47% | +15.29% |
Volatility (6M)Calculated over the trailing 6-month period | 36.06% | 7.50% | +28.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.01% | 10.29% | +34.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.40% | 13.90% | +28.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.40% | 16.28% | +42.12% |
Dividends
PWP vs. VYM - Dividend Comparison
PWP's dividend yield for the trailing twelve months is around 1.88%, less than VYM's 2.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWP Perella Weinberg Partners | 1.88% | 1.62% | 1.17% | 2.29% | 2.86% | 1.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.25% | 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
PWP and VYM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PWP has higher volatility (17.76%) compared to VYM (2.47%). In terms of maximum drawdown, PWP dropped -60.44% vs VYM's -56.98%.
VYM currently has the higher Sharpe Ratio (2.11 vs -0.60), 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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