CVLC vs VYM
Calvert US Large-Cap Core Responsible Index ETF vs Vanguard High Dividend Yield ETF
Which is better, CVLC or VYM?
Large Cap Blend against Large Cap Value.
VYM has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 36.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CVLC | VYM |
|---|---|---|
| Expense Ratio | 0.15% | 0.04%Best |
| AUM | $969M | $81.6B |
| Dividend Yield | 0.90% | 2.22% |
| Holdings | 759 | 613 |
| YTD Return | +13.87%Best | +11.47% |
| 1Y Return | +17.59%Best | +15.94% |
| 3Y Return (annualized) | +22.76%Best | +18.03% |
| 5Y Return (annualized) | - | +12.35% |
| Volatility (annualized) | 13.3% | 11.3%Best |
| Max Drawdown | -19.9% | -14.5%Best |
| $10,000 over 3.6 years | $19,197Best | $15,791 |
| Top 10 Weight | 36.9% | 26.1%Best |
| Fund Family | Calvert | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Jan 30, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Feb 1, 2023 to Sep 21, 2026 (3.6 years).
CVLC vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
CVLC vs VYM Performance
Calvert US Large-Cap Core Responsible Index ETF (CVLC) is an ETF from Calvert and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CVLC returned +17.59% while VYM returned +15.94%. Year to date, CVLC is up 13.87% versus a gain of 11.47% for VYM.
Over three years, CVLC compounded at +22.76% per year against +18.03% for VYM. Across the full 4-year window we track, CVLC has the edge at +19.86% annualized vs +13.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CVLC has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 11.3% 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 -19.9% for CVLC and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 0.90% against 2.22% for VYM.
Holdings Overlap
33.1% of CVLC's money is in holdings VYM also owns. 71.5% of VYM's money is in holdings CVLC also owns.
Most of VYM is already inside CVLC. Owning both mostly buys the same companies twice.
282 positions in common, counted across the 753 positions we hold weights for in CVLC and 557 in VYM, against full books of 759 and 613.
What only one of them owns
Our book lists 250 positions for VYM that do not appear in our book for CVLC (26.0% of the fund), and 455 for CVLC that do not appear in VYM (66.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in CVLC | Weight in VYM | Difference |
|---|---|---|---|
| AVGOBroadcom Inc | 2.52% | 7.35% | 4.83% |
| JPMJpmorgan Chase | 1.52% | 3.82% | 2.30% |
| ABBVAbbvie Inc. | 0.83% | 1.80% | 0.97% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.71% | 1.86% | 1.15% |
| BACBank of America Corp.: Financials | 0.80% | 1.66% | 0.86% |
| UNHUnitedhealth Group Incorporated | 0.65% | 1.52% | 0.87% |
| CATCaterpillar, Inc. | 0.65% | 1.50% | 0.85% |
| KOCoca Cola Co. | 0.65% | 1.38% | 0.73% |
| MRKMerck & Company Inc | 0.67% | 1.31% | 0.64% |
| PGProcter & Gamble Company | 0.53% | 1.37% | 0.84% |
71.5% of VYM is already inside CVLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
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, by $11 a year on a $10,000 investment.
Which performed better, CVLC or VYM?
Over the past year CVLC returned +17.59% vs +15.94% for VYM, so CVLC leads on 1-year performance. Over the longest common window we track (4 years), CVLC annualized +19.86% vs +13.53% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CVLC or VYM?
CVLC has been the more volatile fund at 13.3% annualized versus 11.3% for VYM. Worst drawdown: CVLC -19.9% vs VYM -14.5%.
Should I hold both CVLC and VYM?
CVLC and VYM have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CVLC and VYM?
71.5% of VYM's money is in holdings CVLC also owns. 71.5% of VYM's is in holdings CVLC also owns. They hold 282 positions in common, counted across the 753 positions we hold weights for in CVLC and 557 in VYM.
Which pays a higher dividend, CVLC or VYM?
CVLC yields 0.90% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CVLC?
VYM has a lower expense ratio. CVLC led over 1Y, 3Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 36.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.