AVMC vs VYM
Avantis US Mid Cap Equity 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 | AVMC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $501M | $81.6B | |
| Dividend Yield | 0.95% | 2.24% | |
| Holdings | 606 | 616 | |
| YTD Return | +13.77% | +14.95% | |
| 1Y Return | +17.65% | +21.14% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 14.2% | 14.6% | |
| Max Drawdown | -21.8% | -58.8% | |
| Fund Family | Avantis Investors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 7, 2023 | Nov 10, 2006 |
AVMC vs VYM Performance
Avantis US Mid Cap Equity ETF (AVMC) is a ETF from Avantis Investors and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year AVMC returned +17.65% while VYM returned +21.14%. Year to date, AVMC is up 13.77% versus a gain of 14.95% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 14.2% for AVMC. 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 -21.8% for AVMC 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 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AVMC charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, AVMC currently yields 0.95% against 2.24% for VYM.
Holdings Overlap
AVMC and VYM share 246 holdings out of 950 unique holdings combined, representing a 17.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AVMC or VYM?
AVMC has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, AVMC or VYM?
Over the past year AVMC returned +17.65% vs +21.14% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), AVMC annualized +21.09% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, AVMC or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.2% for AVMC. Worst drawdown: AVMC -21.8% vs VYM -58.8%.
Should I hold both AVMC and VYM?
AVMC and VYM have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between AVMC and VYM?
AVMC and VYM share 246 common holdings with a 17.7% weight overlap. Combined, they hold 950 unique securities.
Which pays a higher dividend, AVMC or VYM?
AVMC yields 0.95% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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