ARP vs VYM
PMV Adaptive Risk Parity ETF vs Vanguard High Dividend Yield ETF
Which is better, ARP or VYM?
Multi Alternative against Large Cap Value.
VYM has a lower expense ratio. ARP led over 1Y, VYM over 3Y and the full window.
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 | ARP | VYM |
|---|---|---|
| Expense Ratio | 1.42% | 0.04%Best |
| AUM | $73M | $81.6B |
| Dividend Yield | 5.76% | 2.22% |
| Holdings | 8 | 613 |
| YTD Return | +13.97%Best | +11.47% |
| 1Y Return | +20.52%Best | +15.94% |
| 3Y Return (annualized) | +14.62% | +18.03%Best |
| 5Y Return (annualized) | - | +12.35% |
| Volatility (annualized) | 9.3%Best | 11.3% |
| Max Drawdown | -10.1%Best | -14.5% |
| $10,000 over 3.7 years | $15,009 | $16,275Best |
| Top 10 Weight | - | 26.1% |
| Fund Family | PMV Capital | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Value |
| Inception | Dec 21, 2022 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Dec 22, 2022 to Sep 21, 2026 (3.7 years).
ARP vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.7 years both funds cover.
ARP vs VYM Performance
PMV Adaptive Risk Parity ETF (ARP) is an ETF from PMV Capital and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year ARP returned +20.52% while VYM returned +15.94%. Year to date, ARP is up 13.97% versus a gain of 11.47% for VYM.
Over three years, ARP compounded at +14.62% per year against +18.03% for VYM. Across the full 4-year window we track, VYM has the edge at +14.07% annualized vs +11.60%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 11.3% compared with 9.3% for ARP. 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 -10.1% for ARP and -14.5% 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
ARP charges 1.42% per year while VYM charges 0.04%. On a $10,000 position that is $142 vs $4 annually, a gap of $138 per year that compounds over a long holding period. On income, ARP currently yields 5.76% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 8 holdings in ARP and 557 in VYM, totalling 99.8% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 8 positions we hold weights for in ARP and 557 in VYM, against full books of 8 and 613.
What only one of them owns
Measured across the 8 and 557 positions we hold weights for.
VYM holds 528 positions ARP does not, 97.1% of the fund.
Largest: AVGO 7.35%, JPM 3.82%, XOM 2.63%, JNJ 2.51%, CSCO 1.86%
You are not choosing between two funds in isolation.
Whichever of ARP 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, ARP or VYM?
ARP has an expense ratio of 1.42% while VYM charges 0.04%. VYM is the cheaper option, by $138 a year on a $10,000 investment.
Which performed better, ARP or VYM?
Over the past year ARP returned +20.52% vs +15.94% for VYM, so ARP leads on 1-year performance. Over the longest common window we track (4 years), ARP annualized +11.60% vs +14.07% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ARP or VYM?
VYM has been the more volatile fund at 11.3% annualized versus 9.3% for ARP. Worst drawdown: ARP -10.1% vs VYM -14.5%.
Should I hold both ARP and VYM?
ARP 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.
Which pays a higher dividend, ARP or VYM?
ARP yields 5.76% while VYM yields 2.22%, so ARP currently pays the higher dividend yield.
Is VYM better than ARP?
VYM has a lower expense ratio. ARP led over 1Y, VYM over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.