VYM vs. VTV
Compare and contrast key facts about Vanguard High Dividend Yield ETF (VYM) and Vanguard Value ETF (VTV).
VYM and VTV 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. 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. Both VYM and VTV 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 VTV.
Performance
VYM vs. VTV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VYM having a 19.69% return and VTV slightly higher at 20.27%. Over the past 10 years, VYM has underperformed VTV with an annualized return of 9.87%, while VTV has yielded a comparatively higher 10.45% annualized return.
VYM
19.69%
0.55%
10.19%
28.16%
10.95%
9.87%
VTV
20.27%
0.28%
10.01%
28.13%
11.51%
10.45%
Key characteristics
| VYM | VTV | |
|---|---|---|
| Sharpe Ratio | 2.65 | 2.76 |
| Sortino Ratio | 3.77 | 3.88 |
| Omega Ratio | 1.48 | 1.50 |
| Calmar Ratio | 5.38 | 5.51 |
| Martin Ratio | 17.01 | 17.61 |
| Ulcer Index | 1.64% | 1.59% |
| Daily Std Dev | 10.55% | 10.17% |
| Max Drawdown | -56.98% | -59.27% |
| Current Drawdown | -1.46% | -1.42% |
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VYM vs. VTV - Expense Ratio Comparison
VYM has a 0.06% expense ratio, which is higher than VTV'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%.
Correlation
The correlation between VYM and VTV 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
VYM vs. VTV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard High Dividend Yield ETF (VYM) and Vanguard Value ETF (VTV). 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. VTV - Dividend Comparison
VYM's dividend yield for the trailing twelve months is around 2.77%, more than VTV's 2.25% 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% |
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% |
Drawdowns
VYM vs. VTV - Drawdown Comparison
The maximum VYM drawdown since its inception was -56.98%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VYM and VTV. For additional features, visit the drawdowns tool.
Volatility
VYM vs. VTV - Volatility Comparison
Vanguard High Dividend Yield ETF (VYM) and Vanguard Value ETF (VTV) have volatilities of 3.73% and 3.58%, 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.