VYM vs. VTV

Last updated Jun 20, 2026

VYM (Vanguard High Dividend Yield ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - VYM is a Dividend fund tracking the FTSE High Dividend Yield Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, VYM returned 11.78%/yr vs 12.66%/yr for VTV. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.04% expense ratio.

Performance

VYM vs. VTV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard High Dividend Yield ETF (VYM) and Vanguard Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VYM achieves a 11.57% return, which is significantly lower than VTV's 13.98% return. Over the past 10 years, VYM has underperformed VTV with an annualized return of 11.78%, while VTV has yielded a comparatively higher 12.66% annualized return.

VYM

• 1D: 0.07%
• 1M: 1.56%
• YTD: 11.57%
• 6M: 11.72%
• 1Y: 25.29%
• 3Y*: 17.42%
• 5Y*: 12.42%
• 10Y*: 11.78%

VTV

• 1D: 0.19%
• 1M: 3.90%
• YTD: 13.98%
• 6M: 14.39%
• 1Y: 27.80%
• 3Y*: 17.73%
• 5Y*: 12.66%
• 10Y*: 12.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VYM vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VYM Vanguard High Dividend Yield ETF	11.57%	15.42%	17.60%	6.57%	-0.43%	26.20%	1.15%	24.06%	-5.92%	16.42%
VTV Vanguard Value ETF	13.98%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between VYM and VTV is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 16, 2006	0.97

The correlation between VYM and VTV has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

VYM vs. VTV - Sectors Allocation Comparison

Sectors	VYM	VTV
Financial Services	20.5%	22.3%
Technology	17.7%	13.4%
Healthcare	12.2%	14.5%
Industrials	12.1%	14.0%
Energy	9.8%	8.1%
Consumer Defensive	8.1%	9.4%
Consumer Cyclical	6.7%	4.0%
Utilities	5.7%	5.2%
Communication Services	3.5%	3.3%
Basic Materials	3.5%	3.1%
Real Estate	0.0%	2.8%

Return for Risk

VYM vs. VTV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VYM

VYM Risk / Return Rank: 80
VYM Sharpe Ratio Rank: 81
VYM Sortino Ratio Rank: 83
VYM Omega Ratio Rank: 80
VYM Calmar Ratio Rank: 78
VYM Martin Ratio Rank: 77

VTV

VTV Risk / Return Rank: 86
VTV Sharpe Ratio Rank: 87
VTV Sortino Ratio Rank: 89
VTV Omega Ratio Rank: 85
VTV Calmar Ratio Rank: 85
VTV Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VYM vs. VTV - Risk-Adjusted Trends 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.

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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.70	-0.26
Sortino ratio: Return per unit of downside risk	3.48	3.84	-0.36
Omega ratio: Gain probability vs. loss probability	1.44	1.48	-0.04
Calmar ratio: Return relative to maximum drawdown	3.79	4.40	-0.60
Martin ratio: Return relative to average drawdown	14.13	16.57	-2.44

VYM vs. VTV - Sharpe Ratio Comparison

The current VYM Sharpe Ratio is 2.44, which is comparable to the VTV Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of VYM and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	VYM	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-56.98%	-59.27%	+2.29%
Max Drawdown (1Y) Largest decline over 1 year	-6.69%	-6.35%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.46%	-14.52%	+0.06%
Max Drawdown (5Y) Largest decline over 5 years	-15.84%	-17.04%	+1.20%
Max Drawdown (10Y) Largest decline over 10 years	-35.21%	-36.78%	+1.57%
Current Drawdown Current decline from peak	-1.23%	-0.80%	-0.43%
Average Drawdown Average peak-to-trough decline	-7.18%	-7.85%	+0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.68%	+0.11%

Volatility

VYM vs. VTV - Volatility Comparison

The current volatility for Vanguard High Dividend Yield ETF (VYM) is 3.06%, while Vanguard Value ETF (VTV) has a volatility of 3.25%. This indicates that VYM experiences smaller price fluctuations and is considered to be less risky than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VYM	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	3.25%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	7.78%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	10.34%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	13.89%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	16.68%	-0.33%

VYM vs. VTV - Expense Ratio Comparison

Both VYM and VTV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VYM vs. VTV - Dividend Comparison

VYM's dividend yield for the trailing twelve months is around 2.84%, more than VTV's 1.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%
VYM Vanguard High Dividend Yield ETF	2.84%	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

Can I hold both VYM and VTV in my portfolio?

With a correlation of 0.93, VYM and VTV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, VYM or VTV?

VTV has higher volatility (3.25%) compared to VYM (3.06%). In terms of maximum drawdown, VYM dropped -56.98% vs VTV's -59.27%.

Which ETF is better, VYM or VTV?

On 10-year performance, VTV leads with 12.66% vs 11.78% for VYM. Both ETFs have the same 0.04% expense ratio. On volatility, VYM has been the lower-risk option at 3.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYM or VTV?

Over the 10-year period, VTV has performed better with a 12.66% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYM or VTV?

VYM and VTV have the same expense ratio: 0.04% per year.

Which ETF pays a higher dividend yield, VYM or VTV?

VYM has the higher dividend yield at 2.84%, compared with 1.83% for VTV.

What is the main difference between VYM and VTV?

VYM is categorized as Dividend, while VTV is Large Cap Value Equities. VYM tracks FTSE High Dividend Yield Index, while VTV tracks CRSP US Large Cap Value Index.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.70 vs 2.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.