BOE vs VYM
BlackRock Enhanced Global Dividend Trust 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 | BOE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.90% | 0.04% | |
| AUM | $757M | $81.6B | |
| Dividend Yield | 7.56% | 2.24% | |
| Holdings | 169 | 616 | |
| YTD Return | +10.47% | +15.60% | |
| 1Y Return | +16.95% | +23.48% | |
| 3Y Return (annualized) | +17.25% | +19.07% | |
| 5Y Return (annualized) | +7.96% | +12.50% | |
| Volatility (annualized) | 19.3% | 14.6% | |
| Max Drawdown | -76.2% | -58.8% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 26, 2005 | Nov 10, 2006 |
BOE vs VYM Performance
BlackRock Enhanced Global Dividend Trust (BOE) is a ETF from BlackRock, Inc. (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BOE returned +16.95% while VYM returned +23.48%. Year to date, BOE is up 10.47% versus a gain of 15.60% for VYM.
Over three years, BOE compounded at +17.25% per year against +19.07% for VYM; over five years the annualized figures are +7.96% and +12.50% respectively. Across the full 20-year window we track, VYM has the edge at +7.05% annualized vs -1.32%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BOE has been the more volatile fund, with annualized monthly volatility of 19.3% 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 -76.2% for BOE 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BOE charges 0.90% per year while VYM charges 0.04%. On a $10,000 position that is $90 vs $4 annually, a gap of $86 per year that compounds over a long holding period. On income, BOE currently yields 7.56% against 2.24% for VYM.
Holdings Overlap
BOE and VYM share 17 holdings out of 637 unique holdings combined, representing a 12.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BOE or VYM?
BOE has an expense ratio of 0.90% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, BOE or VYM?
Over the past year BOE returned +16.95% vs +23.48% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (20 years), BOE annualized -1.32% vs +7.05% for VYM. Past performance does not guarantee future results.
Which is riskier, BOE or VYM?
BOE has been the more volatile fund at 19.3% annualized versus 14.6% for VYM. Worst drawdown: BOE -76.2% vs VYM -58.8%.
Should I hold both BOE and VYM?
BOE and VYM have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BOE and VYM?
BOE and VYM share 17 common holdings with a 12.7% weight overlap. Combined, they hold 637 unique securities.
Which pays a higher dividend, BOE or VYM?
BOE yields 7.56% while VYM yields 2.24%, so BOE currently pays the higher dividend yield.
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