VEIPX vs. VYM
Compare and contrast key facts about Vanguard Equity Income Fund Investor Shares (VEIPX) and Vanguard High Dividend Yield ETF (VYM).
VEIPX is managed by Vanguard. It was launched on Mar 21, 1988. VYM is a passively managed fund by Vanguard that tracks the performance of the FTSE High Dividend Yield Index. It was launched on Nov 10, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEIPX or VYM.
Performance
VEIPX vs. VYM - Performance Comparison
Returns By Period
In the year-to-date period, VEIPX achieves a 17.26% return, which is significantly lower than VYM's 19.54% return. Both investments have delivered pretty close results over the past 10 years, with VEIPX having a 9.66% annualized return and VYM not far ahead at 9.92%.
VEIPX
17.26%
-0.50%
7.27%
20.09%
9.89%
9.66%
VYM
19.54%
-0.46%
9.21%
28.77%
10.85%
9.92%
Key characteristics
| VEIPX | VYM | |
|---|---|---|
| Sharpe Ratio | 1.72 | 2.67 |
| Sortino Ratio | 2.26 | 3.80 |
| Omega Ratio | 1.33 | 1.49 |
| Calmar Ratio | 3.30 | 5.43 |
| Martin Ratio | 8.09 | 17.26 |
| Ulcer Index | 2.41% | 1.63% |
| Daily Std Dev | 11.37% | 10.55% |
| Max Drawdown | -54.12% | -56.98% |
| Current Drawdown | -1.68% | -1.58% |
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VEIPX vs. VYM - Expense Ratio Comparison
VEIPX has a 0.28% expense ratio, which is higher than VYM's 0.06% expense ratio.
Correlation
The correlation between VEIPX and VYM is 0.98, 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.
Risk-Adjusted Performance
VEIPX vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Investor Shares (VEIPX) 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.
Dividends
VEIPX vs. VYM - Dividend Comparison
VEIPX's dividend yield for the trailing twelve months is around 2.73%, less than VYM's 2.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIPX Vanguard Equity Income Fund Investor Shares | 2.73% | 2.94% | 2.93% | 2.40% | 2.62% | 2.63% | 3.15% | 2.45% | 2.74% | 2.96% | 2.69% | 2.51% |
VYM Vanguard High Dividend Yield ETF | 2.78% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
VEIPX vs. VYM - Drawdown Comparison
The maximum VEIPX drawdown since its inception was -54.12%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for VEIPX and VYM. For additional features, visit the drawdowns tool.
Volatility
VEIPX vs. VYM - Volatility Comparison
The current volatility for Vanguard Equity Income Fund Investor Shares (VEIPX) is 3.59%, while Vanguard High Dividend Yield ETF (VYM) has a volatility of 3.80%. This indicates that VEIPX experiences smaller price fluctuations and is considered to be less risky than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.