PWP vs. VYM

Last updated Jun 23, 2026

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 6.19%/yr vs 12.10%/yr for VYM. At a 0.44 correlation, their price movements are largely independent.

Performance

PWP vs. VYM - Performance Comparison

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

Returns By Period

In the year-to-date period, PWP achieves a -6.74% return, which is significantly lower than VYM's 11.70% return.

PWP

• 1D: 1.04%
• 1M: -13.92%
• YTD: -6.74%
• 6M: -7.01%
• 1Y: -8.69%
• 3Y*: 28.05%
• 5Y*: 6.19%
• 10Y*: —

VYM

• 1D: 0.11%
• 1M: 0.42%
• YTD: 11.70%
• 6M: 11.13%
• 1Y: 25.24%
• 3Y*: 18.48%
• 5Y*: 12.10%
• 10Y*: 12.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PWP vs. VYM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PWP Perella Weinberg Partners	-6.74%	-26.45%	98.18%	28.39%	-21.21%	15.04%	126.00%
VYM Vanguard High Dividend Yield ETF	11.70%	15.42%	17.60%	6.57%	-0.43%	26.20%	4.70%

Correlation

The correlation between PWP and VYM is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.49
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 0.54 - a consistent structural relationship.

Return for Risk

PWP vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PWP

PWP Risk / Return Rank: 33
PWP Sharpe Ratio Rank: 33
PWP Sortino Ratio Rank: 31
PWP Omega Ratio Rank: 32
PWP Calmar Ratio Rank: 35
PWP Martin Ratio Rank: 33

VYM

VYM Risk / Return Rank: 78
VYM Sharpe Ratio Rank: 80
VYM Sortino Ratio Rank: 82
VYM Omega Ratio Rank: 78
VYM Calmar Ratio Rank: 77
VYM Martin Ratio Rank: 76

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.

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 ratio: Return per unit of total volatility	-0.20	2.44	-2.64
Sortino ratio: Return per unit of downside risk	0.01	3.48	-3.47
Omega ratio: Gain probability vs. loss probability	1.00	1.44	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.22	3.79	-4.01
Martin ratio: Return relative to average drawdown	-0.47	14.09	-14.56

PWP vs. VYM - Sharpe Ratio Comparison

The current PWP Sharpe Ratio is -0.20, which is lower than the VYM Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of PWP 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.

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.

Drawdown Indicators

	PWP	VYM	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-38.09%	-1.12%	-36.97%
Average Drawdown Average peak-to-trough decline	-21.02%	-7.18%	-13.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.50%	1.80%	+16.70%

Volatility

PWP vs. VYM - Volatility Comparison

Perella Weinberg Partners (PWP) has a higher volatility of 14.05% compared to Vanguard High Dividend Yield ETF (VYM) at 3.02%. 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.

Volatility by Period

	PWP	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.05%	3.02%	+11.03%
Volatility (6M) Calculated over the trailing 6-month period	33.33%	7.64%	+25.69%
Volatility (1Y) Calculated over the trailing 1-year period	43.39%	10.41%	+32.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.13%	13.93%	+28.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.33%	16.35%	+41.98%

Dividends

PWP vs. VYM - Dividend Comparison

PWP's dividend yield for the trailing twelve months is around 1.75%, less than VYM's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWP Perella Weinberg Partners	1.75%	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	2.29%	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

Can I hold both PWP and VYM in my portfolio?

PWP and VYM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PWP or VYM?

PWP has higher volatility (14.05%) compared to VYM (3.02%). In terms of maximum drawdown, PWP dropped -60.44% vs VYM's -56.98%.

Which has better risk-adjusted returns?

VYM currently has the higher Sharpe Ratio (2.44 vs -0.20), 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.