CDEI vs VYM
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF vs Vanguard High Dividend Yield ETF
Which is better, CDEI or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. CDEI led over the full window, VYM over 1Y. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 50.3%.
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 | CDEI | VYM |
|---|---|---|
| Expense Ratio | 0.14% | 0.04%Best |
| AUM | $19M | $95.8B |
| Dividend Yield | 0.95% | 2.23% |
| Holdings | 466 | 610 |
| Volatility (annualized) | 12.2% | 11.5%Best |
| Max Drawdown | -19.5% | -14.5%Best |
| $10,000 over 3.7 years | $18,951Best | $16,107 |
| Top 10 Weight | 50.3% | 25.8%Best |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 21 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. CDEI has data through Oct 23, 2026 and VYM through Nov 13, 2026.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Feb 1, 2023 to Oct 23, 2026 (3.7 years).
Risk: Volatility and Drawdowns
CDEI has been the more volatile fund, with annualized monthly volatility of 12.2% compared with 11.5% 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 -19.5% for CDEI and -14.5% 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 0.64. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CDEI charges 0.14% per year while VYM charges 0.04%. On a $10,000 position that is $14 vs $4 annually, a gap of $10 per year that compounds over a long holding period. On income, CDEI currently yields 0.95% against 2.23% for VYM.
Holdings Overlap
25.6% of CDEI's money is in holdings VYM also owns. 31.0% of VYM's money is in holdings CDEI also owns.
The two portfolios partly overlap.
84 positions in common, counted across the 230 positions we hold weights for in CDEI and 602 in VYM, against full books of 466 and 610.
What only one of them owns
Our book lists 492 positions for VYM that do not appear in our book for CDEI (67.6% of the fund), and 140 for CDEI that do not appear in VYM (73.9%).
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 CDEI | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase & Co. | 3.09% | 3.83% | 0.74% |
| ABBVAbbvie Inc. | 1.87% | 1.83% | 0.04% |
| CSCOCisco Systems Inc. - Ordinary Shares | 1.78% | 1.76% | 0.02% |
| BACBank Of America Corp. | 1.51% | 1.65% | 0.14% |
| MRKMerck & Co. Inc. | 1.43% | 1.47% | 0.04% |
| PGProcter & Gamble Company | 1.36% | 1.36% | 0.00% |
| TXNTexas Instruments, Inc | 1.08% | 0.96% | 0.12% |
| HDHome Depot Inc/The | 0.71% | 1.32% | 0.61% |
| IBMInternational Business Machines Corp. | 0.85% | 0.89% | 0.04% |
| VZVerizon Communications Inc Com Usd1 | 0.77% | 0.84% | 0.07% |
31.0% of VYM is already inside CDEI.
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, CDEI or VYM?
CDEI has an expense ratio of 0.14% while VYM charges 0.04%. VYM is the cheaper option, by $10 a year on a $10,000 investment.
Which is riskier, CDEI or VYM?
CDEI has been the more volatile fund at 12.2% annualized versus 11.5% for VYM. Worst drawdown: CDEI -19.5% vs VYM -14.5%.
Should I hold both CDEI and VYM?
CDEI and VYM have a monthly-return correlation of 0.64, 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 CDEI and VYM?
31.0% of VYM's money is in holdings CDEI also owns. 31.0% of VYM's is in holdings CDEI also owns. They hold 84 positions in common, counted across the 230 positions we hold weights for in CDEI and 602 in VYM.
Which pays a higher dividend, CDEI or VYM?
CDEI yields 0.95% while VYM yields 2.23%, so VYM currently pays the higher dividend yield.
Is VYM better than CDEI?
VYM has a lower expense ratio. CDEI led over the full window, VYM over 1Y. VYM is less concentrated, with 25.8% of the fund in its ten largest positions against 50.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.