CORP vs VYM
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. CORP offers more diversification with 1,470 holdings.
Side-by-Side Comparison
| Metric | CORP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.41% | 0.04% | |
| AUM | $1.6B | $81.6B | |
| Dividend Yield | 4.48% | 2.24% | |
| Holdings | 1,470 | 616 | |
| YTD Return | -0.32% | +15.84% | |
| 1Y Return | +2.36% | +23.95% | |
| 3Y Return (annualized) | +5.70% | +19.02% | |
| 5Y Return (annualized) | +0.28% | +12.19% | |
| Volatility (annualized) | 6.1% | 14.6% | |
| Max Drawdown | -21.5% | -58.8% | |
| Fund Family | PIMCO (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2010 | Nov 10, 2006 |
CORP vs VYM Performance
Pimco Investment Grade Corporate Bond Index Exchange-Traded Fund (CORP) is a ETF from PIMCO (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CORP returned +2.36% while VYM returned +23.95%. Year to date, CORP is down 0.32% versus a gain of 15.84% for VYM.
Over three years, CORP compounded at +5.70% per year against +19.02% for VYM; over five years the annualized figures are +0.28% and +12.19% respectively. Across the full 16-year window we track, VYM has the edge at +7.07% annualized vs +1.05%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.1% for CORP. 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 -21.5% for CORP 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 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CORP charges 0.41% per year while VYM charges 0.04%. On a $10,000 position that is $41 vs $4 annually, a gap of $37 per year that compounds over a long holding period. On income, CORP currently yields 4.48% against 2.24% for VYM.
Holdings Overlap
CORP and VYM share 2 holdings out of 1785 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CORP | Weight in VYM | Difference |
|---|---|---|---|
| MSCI 4 11/15/29 144A | 0.22% | 0.16% | 0.06% |
| RPRX | 0.12% | 0.10% | 0.02% |
Frequently Asked Questions
Which is cheaper, CORP or VYM?
CORP has an expense ratio of 0.41% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, CORP or VYM?
Over the past year CORP returned +2.36% vs +23.95% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), CORP annualized +1.05% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, CORP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.1% for CORP. Worst drawdown: CORP -21.5% vs VYM -58.8%.
Should I hold both CORP and VYM?
CORP and VYM have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CORP and VYM?
CORP and VYM share 2 common holdings with a 0.3% weight overlap. Combined, they hold 1785 unique securities.
Which pays a higher dividend, CORP or VYM?
CORP yields 4.48% while VYM yields 2.24%, so CORP currently pays the higher dividend yield.
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