CDL vs VYM
VictoryShares US Large Cap High Div Volatility Wtd ETF vs Vanguard High Dividend Yield ETF
Which is better, CDL or VYM?
Nearly the same fund. VYM costs less.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. CDL is less concentrated, with 14.8% of the fund in its ten largest positions against 26.1%.
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 | CDL | VYM |
|---|---|---|
| Expense Ratio | 0.35% | 0.04%Best |
| AUM | $407M | $81.6B |
| Dividend Yield | 3.04% | 2.22% |
| Holdings | 102 | 613 |
| YTD Return | +12.03%Best | +10.23% |
| 1Y Return | +13.93% | +14.28%Best |
| 3Y Return (annualized) | +15.06% | +17.50%Best |
| 5Y Return (annualized) | +9.51% | +11.60%Best |
| Volatility (annualized) | 15.0% | 14.1%Best |
| Max Drawdown | -41.4% | -35.7%Best |
| $10,000 over 5 years | $15,750 | $17,311Best |
| Top 10 Weight | 14.8%Best | 26.1% |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jul 7, 2015 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Jul 8, 2015 to Sep 23, 2026 (11.2 years).
CDL 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 11.2 years both funds cover.
CDL vs VYM Performance
VictoryShares US Large Cap High Div Volatility Wtd ETF (CDL) is an ETF from Victory Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CDL returned +13.93% while VYM returned +14.28%. Year to date, CDL is up 12.03% versus a gain of 10.23% for VYM.
Over three years, CDL compounded at +15.06% per year against +17.50% for VYM; over five years the annualized figures are +9.51% and +11.60% respectively. Across the full 11-year window we track, VYM has the edge at +9.46% annualized vs +9.03%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CDL has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 14.1% 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 -41.4% for CDL and -35.7% 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 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
CDL charges 0.35% per year while VYM charges 0.04%. On a $10,000 position that is $35 vs $4 annually, a gap of $31 per year that compounds over a long holding period. On income, CDL currently yields 3.04% against 2.22% for VYM.
Holdings Overlap
96.7% of CDL's money is in holdings VYM also owns. 35.2% of VYM's money is in holdings CDL also owns.
Most of CDL is already inside VYM. Owning both mostly buys the same companies twice.
96 positions in common, counted across the 100 positions we hold weights for in CDL and 557 in VYM, against full books of 102 and 613.
What only one of them owns
Our book lists 434 positions for VYM that do not appear in our book for CDL (62.0% of the fund), and 3 for CDL that do not appear in VYM (2.2%).
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 CDL | Weight in VYM | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 1.12% | 2.63% | 1.51% |
| KOCoca Cola Co. | 1.58% | 1.38% | 0.20% |
| ABBVAbbvie Inc. | 1.06% | 1.80% | 0.74% |
| CVXChevron Corp | 1.28% | 1.48% | 0.20% |
| PGProcter & Gamble Company | 1.21% | 1.37% | 0.16% |
| MRKMerck & Company Inc | 1.02% | 1.31% | 0.29% |
| UNHUnitedhealth Group Incorporated | 0.73% | 1.52% | 0.79% |
| HDHome Depot Inc/The | 0.88% | 1.34% | 0.46% |
| PMPhilip Morris International Inc. | 0.93% | 1.21% | 0.28% |
| DUKDuke Energy Corp | 1.53% | 0.40% | 1.13% |
96.7% of CDL 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, CDL or VYM?
CDL has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, CDL or VYM?
Over the past year CDL returned +13.93% vs +14.28% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), CDL annualized +9.03% vs +9.46% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CDL or VYM?
CDL has been the more volatile fund at 15.0% annualized versus 14.1% for VYM. Worst drawdown: CDL -41.4% vs VYM -35.7%.
Should I hold both CDL and VYM?
CDL and VYM have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between CDL and VYM?
96.7% of CDL's money is in holdings VYM also owns. 35.2% of VYM's is in holdings CDL also owns. They hold 96 positions in common, counted across the 100 positions we hold weights for in CDL and 557 in VYM.
Which pays a higher dividend, CDL or VYM?
CDL yields 3.04% while VYM yields 2.22%, so CDL currently pays the higher dividend yield.
Is VYM better than CDL?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.95. CDL is less concentrated, with 14.8% of the fund in its ten largest positions against 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.