CTEX vs VYM
Proshares S&P Kensho Cleantech ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CTEX delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | CTEX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.58% | 0.04% | |
| AUM | $5M | $79.0B | |
| Dividend Yield | 1.67% | 2.86% | |
| Holdings | 32 | 568 | |
| YTD Return | -7.03% | +16.10% | |
| 1Y Return | +48.01% | +25.99% | |
| 3Y Return (annualized) | +6.83% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 42.1% | 14.6% | |
| Max Drawdown | -70.3% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 29, 2021 | Nov 10, 2006 |
CTEX vs VYM Performance
Proshares S&P Kensho Cleantech ETF (CTEX) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CTEX returned +48.01% while VYM returned +25.99%. Year to date, CTEX is down 7.03% versus a gain of 16.10% for VYM.
Over three years, CTEX compounded at +6.83% per year against +18.29% for VYM. Across the full 5-year window we track, VYM has the edge at +7.08% annualized vs -2.57%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CTEX has been the more volatile fund, with annualized monthly volatility of 42.1% 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 -70.3% for CTEX 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 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CTEX charges 0.58% per year while VYM charges 0.04%. On a $10,000 position that is $58 vs $4 annually, a gap of $54 per year that compounds over a long holding period. On income, CTEX currently yields 1.67% against 2.86% for VYM.
Holdings Overlap
CTEX and VYM share 1 holdings out of 587 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CTEX | Weight in VYM | Difference |
|---|---|---|---|
| GLW | 2.95% | 0.51% | 2.44% |
Frequently Asked Questions
Which is cheaper, CTEX or VYM?
CTEX has an expense ratio of 0.58% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $54 per year of difference.
Which performed better, CTEX or VYM?
Over the past year CTEX returned +48.01% vs +25.99% for VYM, so CTEX leads on 1-year performance. Over the longest common window we track (5 years), CTEX annualized -2.57% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, CTEX or VYM?
CTEX has been the more volatile fund at 42.1% annualized versus 14.6% for VYM. Worst drawdown: CTEX -70.3% vs VYM -58.8%.
Should I hold both CTEX and VYM?
CTEX and VYM have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CTEX and VYM?
CTEX and VYM share 1 common holdings with a 0.5% weight overlap. Combined, they hold 587 unique securities.
Which pays a higher dividend, CTEX or VYM?
CTEX yields 1.67% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.