CCIF vs VYM

Quick Verdict

VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.

Lower Fees: VYMHigher Returns: VYMMore Diversified: VYM

Side-by-Side Comparison

MetricCCIFVYMWinner
Expense Ratio13.82%0.04%
AUM$56M$79.0B
Dividend Yield38.71%2.86%
Holdings45568
YTD Return-30.81%+15.80%
1Y Return-31.58%+26.12%
3Y Return (annualized)-14.32%+18.25%
5Y Return (annualized)-8.87%+12.51%
Volatility (annualized)18.0%14.6%
Max Drawdown-55.6%-58.8%
Fund FamilyCarlyle Credit Income FundVanguard (US)
CategoryFixed IncomeEquity
InceptionDec 30, 2011Nov 10, 2006

CCIF vs VYM Performance

Carlyle Credit Income Fund (CCIF) is a ETF from Carlyle Credit Income Fund and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CCIF returned -31.58% while VYM returned +26.12%. Year to date, CCIF is down 30.81% versus a gain of 15.80% for VYM.

Over three years, CCIF compounded at -14.32% per year against +18.25% for VYM; over five years the annualized figures are -8.87% and +12.51% respectively. Across the full 14-year window we track, VYM has the edge at +7.07% annualized vs -2.77%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

CCIF has been the more volatile fund, with annualized monthly volatility of 18.0% 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 -55.6% for CCIF 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 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

CCIF charges 13.82% per year while VYM charges 0.04%. On a $10,000 position that is $1382 vs $4 annually, a gap of $1378 per year that compounds over a long holding period. On income, CCIF currently yields 38.71% against 2.86% for VYM.

Frequently Asked Questions

Which is cheaper, CCIF or VYM?

CCIF has an expense ratio of 13.82% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $1378 per year of difference.

Which performed better, CCIF or VYM?

Over the past year CCIF returned -31.58% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (14 years), CCIF annualized -2.77% vs +7.07% for VYM. Past performance does not guarantee future results.

Which is riskier, CCIF or VYM?

CCIF has been the more volatile fund at 18.0% annualized versus 14.6% for VYM. Worst drawdown: CCIF -55.6% vs VYM -58.8%.

Should I hold both CCIF and VYM?

CCIF and VYM have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, CCIF or VYM?

CCIF yields 38.71% while VYM yields 2.86%, so CCIF currently pays the higher dividend yield.

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