CVIE vs VYM
Calvert International Responsible Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CVIE delivered stronger 1-year returns. CVIE offers more diversification with 755 holdings.
Side-by-Side Comparison
| Metric | CVIE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $477M | $81.6B | |
| Dividend Yield | 2.42% | 2.24% | |
| Holdings | 755 | 616 | |
| YTD Return | +19.72% | +15.34% | |
| 1Y Return | +33.06% | +23.24% | |
| 3Y Return (annualized) | +23.30% | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 13.8% | 14.6% | |
| Max Drawdown | -13.5% | -58.8% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
CVIE vs VYM Performance
Calvert International Responsible Index ETF (CVIE) is a ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CVIE returned +33.06% while VYM returned +23.24%. Year to date, CVIE is up 19.72% versus a gain of 15.34% for VYM.
Over three years, CVIE compounded at +23.30% per year against +19.22% for VYM. Across the full 4-year window we track, CVIE has the edge at +18.88% annualized vs +7.04%. 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 13.8% for CVIE. 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 -13.5% for CVIE 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVIE charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, CVIE currently yields 2.42% against 2.24% for VYM.
Holdings Overlap
CVIE and VYM share 3 holdings out of 1317 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVIE or VYM?
CVIE has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, CVIE or VYM?
Over the past year CVIE returned +33.06% vs +23.24% for VYM, so CVIE leads on 1-year performance. Over the longest common window we track (4 years), CVIE annualized +18.88% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, CVIE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 13.8% for CVIE. Worst drawdown: CVIE -13.5% vs VYM -58.8%.
Should I hold both CVIE and VYM?
CVIE and VYM have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVIE and VYM?
CVIE and VYM share 3 common holdings with a 0.4% weight overlap. Combined, they hold 1317 unique securities.
Which pays a higher dividend, CVIE or VYM?
CVIE yields 2.42% while VYM yields 2.24%, so CVIE currently pays the higher dividend yield.
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