VYM vs. SPY
Compare and contrast key facts about Vanguard High Dividend Yield ETF (VYM) and SPDR S&P 500 ETF (SPY).
VYM and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VYM and SPY 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 SPY.
Performance
VYM vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VYM achieves a 19.69% return, which is significantly lower than SPY's 25.41% return. Over the past 10 years, VYM has underperformed SPY with an annualized return of 9.87%, while SPY has yielded a comparatively higher 13.07% annualized return.
VYM
19.69%
0.55%
10.19%
28.16%
10.95%
9.87%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| VYM | SPY | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.62 |
| Sortino Ratio | 3.77 | 3.50 |
| Omega Ratio | 1.48 | 1.49 |
| Calmar Ratio | 5.38 | 3.78 |
| Martin Ratio | 17.01 | 17.00 |
| Ulcer Index | 1.64% | 1.87% |
| Daily Std Dev | 10.55% | 12.14% |
| Max Drawdown | -56.98% | -55.19% |
| Current Drawdown | -1.46% | -1.38% |
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VYM vs. SPY - Expense Ratio Comparison
VYM has a 0.06% expense ratio, which is lower than SPY's 0.09% 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 VYM and SPY is 0.91, 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
VYM's dividend yield for the trailing twelve months is around 2.77%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VYM vs. SPY - Drawdown Comparison
The maximum VYM drawdown since its inception was -56.98%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VYM and SPY. For additional features, visit the drawdowns tool.
Volatility
VYM vs. SPY - Volatility Comparison
The current volatility for Vanguard High Dividend Yield ETF (VYM) is 3.73%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.09%. This indicates that VYM experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.