PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VFV.TO vs. VYM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. VYM

Last updated Jun 13, 2026

VFV.TO (Vanguard S&P 500 Index ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - VFV.TO is a S&P 500 fund tracking the S&P 500 Index, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 10 years, VFV.TO returned 16.12%/yr vs 12.92%/yr for VYM. A 0.59 correlation means they provide meaningful diversification when combined. VFV.TO charges 0.09%/yr vs 0.04%/yr for VYM.

Performance

VFV.TO vs. VYM - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Vanguard High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

VFV.TO is traded in CAD, while VYM is traded in USD. To make them comparable, the VYM values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 11.07% return, which is significantly lower than VYM's 14.77% return. Over the past 10 years, VFV.TO has outperformed VYM with an annualized return of 16.12%, while VYM has yielded a comparatively lower 12.92% annualized return.

VFV.TO

1D
0.74%
1M
1.97%
YTD
11.07%
6M
10.94%
1Y
27.54%
3Y*
22.63%
5Y*
16.33%
10Y*
16.12%

VYM

1D
1.10%
1M
5.19%
YTD
14.77%
6M
12.89%
1Y
27.62%
3Y*
19.87%
5Y*
14.88%
10Y*
12.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFV.TO vs. VYM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		11.07%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
VYM
Vanguard High Dividend Yield ETF		14.77%10.15%27.55%4.04%5.87%26.14%-1.25%18.95%1.99%8.54%

Correlation

The correlation between VFV.TO and VYM is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.59

The correlation between VFV.TO and VYM has been stable across timeframes, ranging from 0.52 to 0.59 - a consistent structural relationship.

VFV.TO vs. VYM - Sectors Allocation Comparison

Sectors
VFV.TO
VYM

Technology

35.7%
17.7%

Financial Services

11.6%
20.5%

Communication Services

11.3%
3.5%

Consumer Cyclical

10.2%
6.7%

Healthcare

8.5%
12.2%

Industrials

8.3%
12.1%

Consumer Defensive

4.9%
8.1%

Energy

3.5%
9.8%

Utilities

2.4%
5.7%

Real Estate

1.9%
0.0%

Basic Materials

1.8%
3.5%

Technology

VFV.TO
35.7%
VYM
17.7%

Financial Services

VFV.TO
11.6%
VYM
20.5%

Communication Services

VFV.TO
11.3%
VYM
3.5%

Consumer Cyclical

VFV.TO
10.2%
VYM
6.7%

Healthcare

VFV.TO
8.5%
VYM
12.2%

Industrials

VFV.TO
8.3%
VYM
12.1%

Consumer Defensive

VFV.TO
4.9%
VYM
8.1%

Energy

VFV.TO
3.5%
VYM
9.8%

Utilities

VFV.TO
2.4%
VYM
5.7%

Real Estate

VFV.TO
1.9%
VYM
0.0%

Basic Materials

VFV.TO
1.8%
VYM
3.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Index ETF

Vanguard High Dividend Yield ETF

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with VYM:
VYM vs. SCHDVYM vs. VIGVYM vs. VYMIVYM vs. FDVVVYM vs. VOOVYM vs. VTIVYM vs. DGRO

Return for Risk

VFV.TO vs. VYM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 7979
Overall Rank
VFV.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7474
Martin Ratio Rank
VYM
VYM Risk / Return Rank: 8383
Overall Rank
VYM Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VYM Sortino Ratio Rank: 8686
Sortino Ratio Rank
VYM Omega Ratio Rank: 8383
Omega Ratio Rank
VYM Calmar Ratio Rank: 8181
Calmar Ratio Rank
VYM Martin Ratio Rank: 8181
Martin Ratio Rank
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.

VFV.TO vs. VYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) 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.

VFV.TOVYMDifference
Sharpe ratioReturn per unit of total volatility
2.33
2.47

-0.14

Sortino ratioReturn per unit of downside risk
3.14
3.56

-0.43

Omega ratioGain probability vs. loss probability

1.43

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.21

4.69

-1.48

Martin ratioReturn relative to average drawdown

12.10

17.44

-5.34

VFV.TO vs. VYM - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 2.33, which is comparable to the VYM Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VFV.TO 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.

Loading charts...

Drawdowns

VFV.TO vs. VYM - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum VYM drawdown of -49.46%. Use the drawdown chart below to compare losses from any high point for VFV.TO and VYM.

Loading charts...

Drawdown Indicators

VFV.TOVYMDifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-49.46%

+22.03%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-5.91%

-2.71%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-15.26%

-3.79%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-15.26%

-6.93%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-29.37%

+1.94%

Current Drawdown

Current decline from peak

-1.46%

0.00%

-1.46%

Average Drawdown

Average peak-to-trough decline

-3.35%

-8.34%

+4.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

1.60%

+0.68%

Volatility

VFV.TO vs. VYM - Volatility Comparison

Vanguard S&P 500 Index ETF (VFV.TO) has a higher volatility of 4.49% compared to Vanguard High Dividend Yield ETF (VYM) at 3.49%. This indicates that VFV.TO'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.

Loading charts...

Volatility by Period

VFV.TOVYMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

3.49%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

8.52%

+0.70%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

11.22%

+0.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

15.16%

-0.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

17.45%

-0.85%

VFV.TO vs. VYM - Expense Ratio Comparison

VFV.TO has a 0.09% expense ratio, which is higher than VYM's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFV.TO vs. VYM - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.84%, less than VYM's 2.19% yield.

PositionTTM20252024202320222021202020192018201720162015
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%
VYM
Vanguard High Dividend Yield ETF		2.19%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

VFV.TO and VYM have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VYM is cheaper with a 0.04% expense ratio, compared with 0.09% for VFV.TO.

VFV.TO is categorized as S&P 500, while VYM is Dividend. VFV.TO tracks S&P 500 Index, while VYM tracks FTSE High Dividend Yield Index. Their fees differ too: 0.09% for VFV.TO and 0.04% for VYM.

Portfolio Optimizer

Find the right allocation for VFV.TO and VYM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer