ANEW vs VYM
MSCI Transformational Changes ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | ANEW | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.04% | |
| AUM | $8M | $81.6B | |
| Dividend Yield | 0.53% | 2.24% | |
| Holdings | 148 | 616 | |
| YTD Return | +8.28% | +15.60% | |
| 1Y Return | +8.30% | +23.48% | |
| 3Y Return (annualized) | +16.14% | +19.07% | |
| 5Y Return (annualized) | +4.34% | +12.50% | |
| Volatility (annualized) | 16.9% | 14.6% | |
| Max Drawdown | -39.9% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 14, 2020 | Nov 10, 2006 |
ANEW vs VYM Performance
MSCI Transformational Changes ETF (ANEW) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ANEW returned +8.30% while VYM returned +23.48%. Year to date, ANEW is up 8.28% versus a gain of 15.60% for VYM.
Over three years, ANEW compounded at +16.14% per year against +19.07% for VYM; over five years the annualized figures are +4.34% and +12.50% respectively. Across the full 6-year window we track, VYM has the edge at +7.05% annualized vs +6.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ANEW has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 14.6% 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 -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.53% against 2.24% for VYM.
Holdings Overlap
ANEW and VYM share 23 holdings out of 727 unique holdings combined, representing a 6.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $41 per year of difference.
Which performed better, ANEW or VYM?
Over the past year ANEW returned +8.30% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), ANEW annualized +6.06% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, ANEW or VYM?
ANEW has been the more volatile fund at 16.9% annualized versus 14.6% for VYM. Worst drawdown: ANEW -39.9% vs VYM -58.8%.
Should I hold both ANEW and VYM?
ANEW and VYM have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ANEW and VYM?
ANEW and VYM share 23 common holdings with a 6.6% weight overlap. Combined, they hold 727 unique securities.
Which pays a higher dividend, ANEW or VYM?
ANEW yields 0.53% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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