CSB vs VYM
VictoryShares US Small Cap High Dividend Volatility Weighted ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | CSB | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.04% | |
| AUM | $264M | $81.6B | |
| Dividend Yield | 3.03% | 2.24% | |
| Holdings | 102 | 616 | |
| YTD Return | +17.32% | +16.42% | |
| 1Y Return | +20.54% | +24.22% | |
| 3Y Return (annualized) | +13.21% | +19.03% | |
| 5Y Return (annualized) | +6.18% | +12.21% | |
| Volatility (annualized) | 18.9% | 14.6% | |
| Max Drawdown | -43.7% | -58.8% | |
| Fund Family | Victory Capital Management Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 7, 2015 | Nov 10, 2006 |
CSB vs VYM Performance
VictoryShares US Small Cap High Dividend Volatility Weighted ETF (CSB) is a ETF from Victory Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CSB returned +20.54% while VYM returned +24.22%. Year to date, CSB is up 17.32% versus a gain of 16.42% for VYM.
Over three years, CSB compounded at +13.21% per year against +19.03% for VYM; over five years the annualized figures are +6.18% and +12.21% respectively. Across the full 11-year window we track, CSB has the edge at +8.08% annualized vs +7.10%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CSB has been the more volatile fund, with annualized monthly volatility of 18.9% 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 -43.7% for CSB 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CSB 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, CSB currently yields 3.03% against 2.24% for VYM.
Holdings Overlap
CSB and VYM share 87 holdings out of 616 unique holdings combined, representing a 1.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CSB or VYM?
CSB has an expense ratio of 0.35% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, CSB or VYM?
Over the past year CSB returned +20.54% vs +24.22% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (11 years), CSB annualized +8.08% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, CSB or VYM?
CSB has been the more volatile fund at 18.9% annualized versus 14.6% for VYM. Worst drawdown: CSB -43.7% vs VYM -58.8%.
Should I hold both CSB and VYM?
CSB and VYM have a monthly-return correlation of 0.88, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CSB and VYM?
CSB and VYM share 87 common holdings with a 1.5% weight overlap. Combined, they hold 616 unique securities.
Which pays a higher dividend, CSB or VYM?
CSB yields 3.03% while VYM yields 2.24%, so CSB currently pays the higher dividend yield.
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