VYM vs. SPHD
Compare and contrast key facts about Vanguard High Dividend Yield ETF (VYM) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD).
VYM and SPHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPHD is a passively managed fund by Invesco that tracks the performance of the S&P Low Volatility High Dividend index. It was launched on Oct 18, 2012. Both VYM and SPHD 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: VYM or SPHD.
Performance
VYM vs. SPHD - Performance Comparison
Returns By Period
In the year-to-date period, VYM achieves a 19.62% return, which is significantly lower than SPHD's 21.98% return. Over the past 10 years, VYM has outperformed SPHD with an annualized return of 9.87%, while SPHD has yielded a comparatively lower 8.70% annualized return.
VYM
19.62%
-0.49%
9.73%
27.83%
11.01%
9.87%
SPHD
21.98%
-1.47%
12.55%
31.23%
7.70%
8.70%
Key characteristics
| VYM | SPHD | |
|---|---|---|
| Sharpe Ratio | 2.66 | 2.79 |
| Sortino Ratio | 3.79 | 4.00 |
| Omega Ratio | 1.49 | 1.52 |
| Calmar Ratio | 5.42 | 2.20 |
| Martin Ratio | 17.15 | 19.19 |
| Ulcer Index | 1.64% | 1.62% |
| Daily Std Dev | 10.55% | 11.16% |
| Max Drawdown | -56.98% | -41.39% |
| Current Drawdown | -1.52% | -1.47% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
VYM vs. SPHD - Expense Ratio Comparison
VYM has a 0.06% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Correlation
The correlation between VYM and SPHD is 0.88, 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
VYM vs. SPHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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
VYM vs. SPHD - Dividend Comparison
VYM's dividend yield for the trailing twelve months is around 2.78%, less than SPHD's 3.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 3.35% | 4.48% | 3.89% | 3.46% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% | 3.24% | 3.68% |
Drawdowns
VYM vs. SPHD - Drawdown Comparison
The maximum VYM drawdown since its inception was -56.98%, which is greater than SPHD's maximum drawdown of -41.39%. Use the drawdown chart below to compare losses from any high point for VYM and SPHD. For additional features, visit the drawdowns tool.
Volatility
VYM vs. SPHD - Volatility Comparison
Vanguard High Dividend Yield ETF (VYM) has a higher volatility of 3.73% compared to Invesco S&P 500® High Dividend Low Volatility ETF (SPHD) at 2.58%. This indicates that VYM's price experiences larger fluctuations and is considered to be riskier than SPHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.