ANEW vs VYM
ProShares MSCI Transformational Changes ETF vs Vanguard High Dividend Yield ETF
Which is better, ANEW or VYM?
All Cap Blend against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window. ANEW is less concentrated, with 22.4% of the fund in its ten largest positions against 25.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ANEW | VYM |
|---|---|---|
| Expense Ratio | 0.45% | 0.04%Best |
| AUM | $8M | $78.9B |
| Dividend Yield | 0.48% | 2.37% |
| Holdings | 148 | 608 |
| Volatility (annualized) | 16.6% | 14.0%Best |
| Max Drawdown | -39.9% | -15.8%Best |
| $10,000 over 6 years | $14,177 | $22,381Best |
| Top 10 Weight | 22.4%Best | 25.8% |
| Fund Family | ProShares | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Value |
| Inception | Oct 14, 2020 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 11 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. ANEW has data through Oct 12, 2026 and VYM through Oct 23, 2026.
Volatility and max drawdown, and the $10,000 over 6 years row, are measured over the window both funds cover: Oct 16, 2020 to Oct 12, 2026 (6 years).
Risk: Volatility and Drawdowns
ANEW has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 14.0% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -39.9% for ANEW and -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ANEW charges 0.45% per year while VYM charges 0.04%. On a $10,000 position that is $45 vs $4 annually, a gap of $41 per year that compounds over a long holding period. On income, ANEW currently yields 0.48% against 2.37% for VYM.
Holdings Overlap
19.2% of ANEW's money is in holdings VYM also owns. 15.3% of VYM's money is in holdings ANEW also owns.
ANEW and VYM share little of their money.
22 positions in common, counted across the 146 positions we hold weights for in ANEW and 602 in VYM, against full books of 148 and 608.
What only one of them owns
Our book lists 552 positions for VYM that do not appear in our book for ANEW (83.1% of the fund), and 87 for ANEW that do not appear in VYM (54.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ANEW | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 1.58% | 6.94% | 5.36% |
| ABBVAbbvie Inc. | 2.31% | 1.83% | 0.48% |
| ABTAbbot Laboratories | 2.18% | 0.77% | 1.41% |
| IFFInternational Flavors & Fragrances Inc. | 2.18% | 0.09% | 2.09% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.42% | 1.76% | 1.34% |
| BDXBecton Dickinson And Co. | 1.91% | 0.22% | 1.69% |
| MKCMccormick & Co Inc. | 2.01% | 0.06% | 1.95% |
| EBAYEbay Inc. | 1.46% | 0.19% | 1.27% |
| AGCOAGCO Corporation | 1.36% | 0.03% | 1.33% |
| ORCLOracle Corp - Common | 0.27% | 1.03% | 0.76% |
You are not choosing between two funds in isolation.
Whichever of ANEW and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ANEW or VYM?
ANEW has an expense ratio of 0.45% while VYM charges 0.04%. VYM is the cheaper option, by $41 a year on a $10,000 investment.
Which is riskier, ANEW or VYM?
ANEW has been the more volatile fund at 16.6% annualized versus 14.0% for VYM. Worst drawdown: ANEW -39.9% vs VYM -15.8%.
Should I hold both ANEW and VYM?
ANEW and VYM have a monthly-return correlation of 0.70, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ANEW and VYM?
19.2% of ANEW's money is in holdings VYM also owns. 15.3% of VYM's is in holdings ANEW also owns. They hold 22 positions in common, counted across the 146 positions we hold weights for in ANEW and 602 in VYM.
Which pays a higher dividend, ANEW or VYM?
ANEW yields 0.48% while VYM yields 2.37%, so VYM currently pays the higher dividend yield.
Is VYM better than ANEW?
VYM has a lower expense ratio. VYM led over 1Y and the full window. ANEW is less concentrated, with 22.4% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.