CAPE vs VYM
DoubleLine Shiller CAPE US Equities ETF vs Vanguard High Dividend Yield ETF
Which is better, CAPE or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 26.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAPE | VYM |
|---|---|---|
| Expense Ratio | 0.65% | 0.04%Best |
| AUM | $241M | $81.6B |
| Dividend Yield | 1.37% | 2.22% |
| Holdings | 307 | 613 |
| YTD Return | +0.00% | +12.29%Best |
| 1Y Return | -1.20% | +16.61%Best |
| 3Y Return (annualized) | +10.25% | +17.42%Best |
| 5Y Return (annualized) | - | +12.12% |
| Volatility (annualized) | 16.6% | 13.8%Best |
| Max Drawdown | -22.1% | -15.8%Best |
| $10,000 over 4.5 years | $13,445 | $16,327Best |
| Top 10 Weight | 26.3% | 26.1%Best |
| Fund Family | DoubleLine Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Sep 17, 2026 (4.5 years).
CAPE vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CAPE vs VYM Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CAPE returned -1.20% while VYM returned +16.61%. Year to date, CAPE is up 0.00% versus a gain of 12.29% for VYM.
Over three years, CAPE compounded at +10.25% per year against +17.42% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CAPE has been the more volatile fund, with annualized monthly volatility of 16.6% compared with 13.8% 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 -22.1% for CAPE and -15.8% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CAPE 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, CAPE currently yields 1.37% against 2.22% for VYM.
Holdings Overlap
38.3% of CAPE's money is in holdings VYM also owns. 23.8% of VYM's money is in holdings CAPE also owns.
The two portfolios partly overlap.
56 positions in common, counted across the 181 positions we hold weights for in CAPE and 557 in VYM, against full books of 307 and 613.
What only one of them owns
Our book lists 472 positions for VYM that do not appear in our book for CAPE (73.3% of the fund), and 122 for CAPE that do not appear in VYM (61.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CAPE | Weight in VYM | Difference |
|---|---|---|---|
| JNJJohnson & Johnson - Common | 2.81% | 2.51% | 0.30% |
| ABBVAbbvie Inc. | 2.03% | 1.80% | 0.23% |
| UNHUnitedhealth Group Incorporated | 1.72% | 1.52% | 0.20% |
| PGProcter & Gamble Company | 1.82% | 1.37% | 0.45% |
| KOCoca Cola Co. | 1.68% | 1.38% | 0.30% |
| MRKMerck & Company Inc | 1.45% | 1.31% | 0.14% |
| PMPhilip Morris International Inc. | 1.51% | 1.21% | 0.30% |
| DISWalt Disney Co | 1.08% | 0.69% | 0.39% |
| PEPPepsico Inc. | 0.99% | 0.77% | 0.22% |
| VZVerizon Communic | 0.89% | 0.80% | 0.09% |
38.3% of CAPE is already inside VYM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAPE or VYM?
CAPE has an expense ratio of 0.65% while VYM charges 0.04%. VYM is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, CAPE or VYM?
Over the past year CAPE returned -1.20% vs +16.61% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or VYM?
CAPE has been the more volatile fund at 16.6% annualized versus 13.8% for VYM. Worst drawdown: CAPE -22.1% vs VYM -15.8%.
Should I hold both CAPE and VYM?
CAPE and VYM have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CAPE and VYM?
38.3% of CAPE's money is in holdings VYM also owns. 23.8% of VYM's is in holdings CAPE also owns. They hold 56 positions in common, counted across the 181 positions we hold weights for in CAPE and 557 in VYM.
Which pays a higher dividend, CAPE or VYM?
CAPE yields 1.37% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CAPE?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 26.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.