BKHY vs VYM
BNY Mellon High Yield ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. BKHY offers more diversification with 1,670 holdings.
Side-by-Side Comparison
| Metric | BKHY | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.04% | |
| AUM | $168M | $81.6B | |
| Dividend Yield | 7.55% | 2.24% | |
| Holdings | 1,670 | 616 | |
| YTD Return | +2.59% | +15.34% | |
| 1Y Return | +5.88% | +23.24% | |
| 3Y Return (annualized) | +8.63% | +19.22% | |
| 5Y Return (annualized) | +3.96% | +12.21% | |
| Volatility (annualized) | 7.1% | 14.6% | |
| Max Drawdown | -15.9% | -58.8% | |
| Fund Family | BNY Mellon Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Apr 22, 2020 | Nov 10, 2006 |
BKHY vs VYM Performance
BNY Mellon High Yield ETF (BKHY) is a ETF from BNY Mellon Investment Management and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BKHY returned +5.88% while VYM returned +23.24%. Year to date, BKHY is up 2.59% versus a gain of 15.34% for VYM.
Over three years, BKHY compounded at +8.63% per year against +19.22% for VYM; over five years the annualized figures are +3.96% and +12.21% respectively. Across the full 6-year window we track, VYM has the edge at +7.04% annualized vs +5.54%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 7.1% for BKHY. 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 -15.9% for BKHY 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BKHY charges 0.22% per year while VYM charges 0.04%. On a $10,000 position that is $22 vs $4 annually, a gap of $18 per year that compounds over a long holding period. On income, BKHY currently yields 7.55% against 2.24% for VYM.
Holdings Overlap
BKHY and VYM share 2 holdings out of 1660 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BKHY | Weight in VYM | Difference |
|---|---|---|---|
| PFSI 4.25 02/15/29 1 | 0.08% | 0.01% | 0.07% |
| MTCHII 5 12/15/27 14 | 0.03% | 0.04% | 0.01% |
Frequently Asked Questions
Which is cheaper, BKHY or VYM?
BKHY has an expense ratio of 0.22% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
Which performed better, BKHY or VYM?
Over the past year BKHY returned +5.88% vs +23.24% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), BKHY annualized +5.54% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, BKHY or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 7.1% for BKHY. Worst drawdown: BKHY -15.9% vs VYM -58.8%.
Should I hold both BKHY and VYM?
BKHY and VYM have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BKHY and VYM?
BKHY and VYM share 2 common holdings with a 0.0% weight overlap. Combined, they hold 1660 unique securities.
Which pays a higher dividend, BKHY or VYM?
BKHY yields 7.55% while VYM yields 2.24%, so BKHY currently pays the higher dividend yield.
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