DFVE vs VYM
DoubleLine Fortune 500 Equal Weight ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. DFVE delivered stronger 1-year returns. VYM offers more diversification with 613 holdings.
Side-by-Side Comparison
| Metric | DFVE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.04% | |
| AUM | $40M | $81.6B | |
| Dividend Yield | 1.36% | 2.24% | |
| Holdings | 469 | 613 | |
| YTD Return | +15.78% | +14.57% | |
| 1Y Return | +21.28% | +21.08% | |
| 3Y Return (annualized) | - | +18.16% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 12.7% | 14.6% | |
| Max Drawdown | -19.4% | -58.8% | |
| Fund Family | DoubleLine Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 31, 2024 | Nov 10, 2006 |
DFVE vs VYM Performance
DoubleLine Fortune 500 Equal Weight ETF (DFVE) is a ETF from DoubleLine Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DFVE returned +21.28% while VYM returned +21.08%. Year to date, DFVE is up 15.78% versus a gain of 14.57% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 12.7% for DFVE. 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 -19.4% for DFVE 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 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DFVE charges 0.20% per year while VYM charges 0.04%. On a $10,000 position that is $20 vs $4 annually, a gap of $16 per year that compounds over a long holding period. On income, DFVE currently yields 1.36% against 2.24% for VYM.
Holdings Overlap
DFVE and VYM share 242 holdings out of 828 unique holdings combined, representing a 33.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DFVE or VYM?
DFVE has an expense ratio of 0.20% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $16 per year of difference.
Which performed better, DFVE or VYM?
Over the past year DFVE returned +21.28% vs +21.08% for VYM, so DFVE leads on 1-year performance. Over the longest common window we track (3 years), DFVE annualized +17.63% vs +6.99% for VYM. Past performance does not guarantee future results.
Which is riskier, DFVE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 12.7% for DFVE. Worst drawdown: DFVE -19.4% vs VYM -58.8%.
Should I hold both DFVE and VYM?
DFVE and VYM have a monthly-return correlation of 0.96, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between DFVE and VYM?
DFVE and VYM share 242 common holdings with a 33.5% weight overlap. Combined, they hold 828 unique securities.
Which pays a higher dividend, DFVE or VYM?
DFVE yields 1.36% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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