CVLC vs VYM
Calvert US Large-Cap Core Responsible Index ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. CVLC delivered stronger 1-year returns. CVLC offers more diversification with 759 holdings.
Side-by-Side Comparison
| Metric | CVLC | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.04% | |
| AUM | $982M | $81.6B | |
| Dividend Yield | 0.93% | 2.24% | |
| Holdings | 759 | 613 | |
| YTD Return | +12.83% | +14.18% | |
| 1Y Return | +21.42% | +20.67% | |
| 3Y Return (annualized) | +20.66% | +18.47% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 13.3% | 14.5% | |
| Max Drawdown | -19.9% | -58.8% | |
| Fund Family | Calvert | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
CVLC vs VYM Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is a ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year CVLC returned +21.42% while VYM returned +20.67%. Year to date, CVLC is up 12.83% versus a gain of 14.18% for VYM.
Over three years, CVLC compounded at +20.66% per year against +18.47% for VYM. Across the full 4-year window we track, CVLC has the edge at +19.88% annualized vs +6.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.3% for CVLC. 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 -19.9% for CVLC 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CVLC charges 0.15% per year while VYM charges 0.04%. On a $10,000 position that is $15 vs $4 annually, a gap of $11 per year that compounds over a long holding period. On income, CVLC currently yields 0.93% against 2.24% for VYM.
Holdings Overlap
CVLC and VYM share 280 holdings out of 1080 unique holdings combined, representing a 32.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CVLC or VYM?
CVLC has an expense ratio of 0.15% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, CVLC or VYM?
Over the past year CVLC returned +21.42% vs +20.67% for VYM, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.88% vs +6.97% for VYM. Past performance does not guarantee future results.
Which is riskier, CVLC or VYM?
VYM has been the more volatile fund at 14.5% annualized versus 13.3% for CVLC. Worst drawdown: CVLC -19.9% vs VYM -58.8%.
Should I hold both CVLC and VYM?
CVLC and VYM have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CVLC and VYM?
CVLC and VYM share 280 common holdings with a 32.1% weight overlap. Combined, they hold 1080 unique securities.
Which pays a higher dividend, CVLC or VYM?
CVLC yields 0.93% while VYM yields 2.24%, 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.