CANC vs VYM
Tema Oncology ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CANC delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CANC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.04% | |
| AUM | $196M | $79.0B | |
| Dividend Yield | 0.05% | 2.86% | |
| Holdings | 56 | 568 | |
| YTD Return | +24.69% | +16.10% | |
| 1Y Return | +70.17% | +25.99% | |
| 3Y Return (annualized) | +22.38% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 19.3% | 14.6% | |
| Max Drawdown | -26.1% | -58.8% | |
| Fund Family | Tema Global Limited | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 15, 2023 | Nov 10, 2006 |
CANC vs VYM Performance
Tema Oncology ETF (CANC) is a ETF from Tema Global Limited and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CANC returned +70.17% while VYM returned +25.99%. Year to date, CANC is up 24.69% versus a gain of 16.10% for VYM.
Over three years, CANC compounded at +22.38% per year against +18.29% for VYM. Across the full 3-year window we track, CANC has the edge at +22.38% annualized vs +7.08%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CANC 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 -26.1% for CANC 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CANC charges 0.75% per year while VYM charges 0.04%. On a $10,000 position that is $75 vs $4 annually, a gap of $71 per year that compounds over a long holding period. On income, CANC currently yields 0.05% against 2.86% for VYM.
Holdings Overlap
CANC and VYM share 6 holdings out of 609 unique holdings combined, representing a 7.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CANC or VYM?
CANC has an expense ratio of 0.75% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $71 per year of difference.
Which performed better, CANC or VYM?
Over the past year CANC returned +70.17% vs +25.99% for VYM, so CANC leads on 1-year performance. Over the longest common window we track (3 years), CANC annualized +22.38% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, CANC or VYM?
CANC has been the more volatile fund at 19.3% annualized versus 14.6% for VYM. Worst drawdown: CANC -26.1% vs VYM -58.8%.
Should I hold both CANC and VYM?
CANC and VYM have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CANC and VYM?
CANC and VYM share 6 common holdings with a 7.9% weight overlap. Combined, they hold 609 unique securities.
Which pays a higher dividend, CANC or VYM?
CANC yields 0.05% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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