VTV vs. VYM
Compare and contrast key facts about Vanguard Value ETF (VTV) and Vanguard High Dividend Yield ETF (VYM).
VTV and VYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTV is a passively managed fund by Vanguard that tracks the performance of the MSCI US Prime Market Value Index. It was launched on Jan 26, 2004. 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. Both VTV 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTV or VYM.
Performance
VTV vs. VYM - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VTV having a 20.27% return and VYM slightly lower at 19.69%. Over the past 10 years, VTV has outperformed VYM with an annualized return of 10.45%, while VYM has yielded a comparatively lower 9.87% annualized return.
VTV
20.27%
0.28%
10.01%
28.13%
11.51%
10.45%
VYM
19.69%
0.55%
10.19%
28.16%
10.95%
9.87%
Key characteristics
| VTV | VYM | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.65 |
| Sortino Ratio | 3.88 | 3.77 |
| Omega Ratio | 1.50 | 1.48 |
| Calmar Ratio | 5.51 | 5.38 |
| Martin Ratio | 17.61 | 17.01 |
| Ulcer Index | 1.59% | 1.64% |
| Daily Std Dev | 10.17% | 10.55% |
| Max Drawdown | -59.27% | -56.98% |
| Current Drawdown | -1.42% | -1.46% |
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VTV vs. VYM - Expense Ratio Comparison
VTV has a 0.04% expense ratio, which is lower than VYM's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VTV 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
VTV vs. VYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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
VTV vs. VYM - Dividend Comparison
VTV's dividend yield for the trailing twelve months is around 2.25%, less than VYM's 2.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTV Vanguard Value ETF | 2.25% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% | 2.22% | 2.21% |
VYM Vanguard High Dividend Yield ETF | 2.77% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
Drawdowns
VTV vs. VYM - Drawdown Comparison
The maximum VTV drawdown since its inception was -59.27%, roughly equal to the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for VTV and VYM. For additional features, visit the drawdowns tool.
Volatility
VTV vs. VYM - Volatility Comparison
Vanguard Value ETF (VTV) and Vanguard High Dividend Yield ETF (VYM) have volatilities of 3.58% and 3.73%, 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.