BPI vs VYM
Grayscale Bitcoin Premium Income 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 | BPI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.04% | |
| AUM | $2M | $81.6B | |
| Dividend Yield | 30.80% | 2.24% | |
| Holdings | 6 | 616 | |
| YTD Return | -9.52% | +14.95% | |
| 1Y Return | -26.84% | +21.14% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 40.8% | 14.6% | |
| Max Drawdown | -49.2% | -58.8% | |
| Fund Family | Grayscale | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 2, 2025 | Nov 10, 2006 |
BPI vs VYM Performance
Grayscale Bitcoin Premium Income ETF (BPI) is a ETF from Grayscale and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BPI returned -26.84% while VYM returned +21.14%. Year to date, BPI is down 9.52% versus a gain of 14.95% for VYM.
Risk: Volatility and Drawdowns
BPI has been the more volatile fund, with annualized monthly volatility of 40.8% 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 -49.2% for BPI 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 0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BPI charges 0.65% per year while VYM charges 0.04%. On a $10,000 position that is $65 vs $4 annually, a gap of $61 per year that compounds over a long holding period. On income, BPI currently yields 30.80% against 2.24% for VYM.
Holdings Overlap
BPI and VYM share 0 holdings out of 604 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BPI or VYM?
BPI has an expense ratio of 0.65% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $61 per year of difference.
Which performed better, BPI or VYM?
Over the past year BPI returned -26.84% vs +21.14% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), BPI annualized -6.42% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, BPI or VYM?
BPI has been the more volatile fund at 40.8% annualized versus 14.6% for VYM. Worst drawdown: BPI -49.2% vs VYM -58.8%.
Should I hold both BPI and VYM?
BPI and VYM have a monthly-return correlation of 0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BPI and VYM?
BPI and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 604 unique securities.
Which pays a higher dividend, BPI or VYM?
BPI yields 30.80% while VYM yields 2.24%, so BPI currently pays the higher dividend yield.
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