VYM vs. VGEA.DE
VYM (Vanguard High Dividend Yield ETF) and VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) are both exchange-traded funds - VYM is a Dividend fund tracking the FTSE High Dividend Yield Index, while VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, VYM returned 11.59%/yr vs -3.18%/yr for VGEA.DE. At a 0.18 correlation, their price movements are largely independent. VYM charges 0.04%/yr vs 0.07%/yr for VGEA.DE.
Performance
VYM vs. VGEA.DE - Performance Comparison
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Different Trading Currencies
VYM is traded in USD, while VGEA.DE is traded in EUR. To make them comparable, the VGEA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VYM achieves a 12.37% return, which is significantly higher than VGEA.DE's -1.21% return.
VYM
- 1D
- 0.80%
- 1M
- 3.01%
- YTD
- 12.37%
- 6M
- 11.19%
- 1Y
- 24.69%
- 3Y*
- 18.06%
- 5Y*
- 11.59%
- 10Y*
- 11.95%
VGEA.DE
- 1D
- 0.23%
- 1M
- -0.34%
- YTD
- -1.21%
- 6M
- -0.86%
- 1Y
- -0.20%
- 3Y*
- 4.87%
- 5Y*
- -3.18%
- 10Y*
- —
VYM vs. VGEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VYM Vanguard High Dividend Yield ETF | 12.37% | 15.42% | 17.60% | 6.57% | -0.43% | 26.20% | 1.15% | 13.67% |
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -1.21% | 13.65% | -4.27% | 10.31% | -22.79% | -10.94% | 15.03% | 4.64% |
Correlation
The correlation between VYM and VGEA.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.18 |
Over the past year, VYM and VGEA.DE have become more correlated (0.38) than their long-term average of 0.18, meaning their price movements have been converging.
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Return for Risk
VYM vs. VGEA.DE — Risk / Return Rank
VYM
VGEA.DE
VYM vs. VGEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE). 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.
| VYM | VGEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.34 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | -0.03 | +3.74 |
| Martin ratioReturn relative to average drawdown | 13.81 | -0.08 | +13.89 |
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Drawdowns
VYM vs. VGEA.DE - Drawdown Comparison
The maximum VYM drawdown since its inception was -56.98%, which is greater than VGEA.DE's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for VYM and VGEA.DE.
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Drawdown Indicators
| VYM | VGEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.98% | -37.78% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -6.30% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -10.35% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.84% | -34.97% | +19.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | — | — |
Current DrawdownCurrent decline from peak | -0.52% | -18.54% | +18.02% |
Average DrawdownAverage peak-to-trough decline | -7.18% | -16.43% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.80% | 2.55% | -0.75% |
Volatility
VYM vs. VGEA.DE - Volatility Comparison
Vanguard High Dividend Yield ETF (VYM) has a higher volatility of 3.31% compared to Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) at 2.56%. This indicates that VYM's price experiences larger fluctuations and is considered to be riskier than VGEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VYM | VGEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.56% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 6.41% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.47% | 8.47% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.99% | 10.23% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 9.51% | +6.84% |
VYM vs. VGEA.DE - Expense Ratio Comparison
VYM has a 0.04% expense ratio, which is lower than VGEA.DE's 0.07% 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%.
Dividends
VYM vs. VGEA.DE - Dividend Comparison
VYM's dividend yield for the trailing twelve months is around 2.19%, while VGEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
VYM and VGEA.DE have a correlation of 0.38, 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 0.07% for VGEA.DE.
VYM is categorized as Dividend, while VGEA.DE is European Government Bonds. VYM tracks FTSE High Dividend Yield Index, while VGEA.DE tracks Bloomberg Euro Aggregate Treasury. Their fees differ too: 0.04% for VYM and 0.07% for VGEA.DE.
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