DHLX vs VYM
Diamond Hill Large Cap Concentrated ETF vs Vanguard High Dividend Yield ETF
Which is better, DHLX or VYM?
VYM has been ahead.
VYM has a lower expense ratio. VYM led over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 59.1%.
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 | DHLX | VYM |
|---|---|---|
| Expense Ratio | 0.55% | 0.04%Best |
| AUM | $72M | $81.6B |
| Dividend Yield | 0.64% | 2.24% |
| Holdings | 21 | 613 |
| YTD Return | +4.10% | +14.82%Best |
| 1Y Return | +5.08% | +20.84%Best |
| 3Y Return (annualized) | - | +18.64% |
| 5Y Return (annualized) | - | +12.28% |
| Volatility (annualized) | 12.0% | 9.4%Best |
| Top 10 Weight | 59.1% | 25.9%Best |
| Fund Family | Diamond Hill Capital Management Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Feb 26, 2021 | Nov 10, 2006 |
Not shown on this pair: Max Drawdown, $10,000 over the window.
DHLX 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
DHLX vs VYM Performance
Diamond Hill Large Cap Concentrated ETF (DHLX) is an ETF from Diamond Hill Capital Management Inc. and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DHLX returned +5.08% while VYM returned +20.84%. Year to date, DHLX is up 4.10% versus a gain of 14.82% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DHLX has been the more volatile fund, with annualized monthly volatility of 12.0% compared with 9.4% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DHLX charges 0.55% per year while VYM charges 0.04%. On a $10,000 position that is $55 vs $4 annually, a gap of $51 per year that compounds over a long holding period. On income, DHLX currently yields 0.64% against 2.24% for VYM.
Holdings Overlap
40.6% of DHLX's money is in holdings VYM also owns. 6.2% of VYM's money is in holdings DHLX also owns.
The two portfolios partly overlap.
8 positions in common, counted across the 21 positions we hold weights for in DHLX and 603 in VYM, against full books of 21 and 613.
What only one of them owns
Our book lists 562 positions for VYM that do not appear in our book for DHLX (91.2% of the fund), and 11 for DHLX that do not appear in VYM (50.5%).
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 DHLX | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 4.69% | 3.38% | 1.31% |
| COPConocophillips Common Stock USD 0.01 | 6.69% | 0.53% | 6.16% |
| CLColgate-Palmolive Co | 5.93% | 0.30% | 5.63% |
| WMWaste Mgmt | 5.59% | 0.34% | 5.25% |
| UNPUnion Pacific Corp | 4.68% | 0.67% | 4.01% |
| AIGAmerican International Gr | 4.75% | 0.16% | 4.59% |
| ABTAbbott Laboratories | 4.16% | 0.65% | 3.51% |
| SYYSysco Corp | 4.12% | 0.17% | 3.95% |
40.6% of DHLX is already inside VYM.
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, DHLX or VYM?
DHLX has an expense ratio of 0.55% while VYM charges 0.04%. VYM is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, DHLX or VYM?
Over the past year DHLX returned +5.08% vs +20.84% for VYM, so VYM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DHLX or VYM?
DHLX has been the more volatile fund at 12.0% annualized versus 9.4% for VYM.
Should I hold both DHLX and VYM?
DHLX and VYM have a monthly-return correlation of 0.78, 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 DHLX and VYM?
40.6% of DHLX's money is in holdings VYM also owns. 6.2% of VYM's is in holdings DHLX also owns. They hold 8 positions in common, counted across the 21 positions we hold weights for in DHLX and 603 in VYM.
Which pays a higher dividend, DHLX or VYM?
DHLX yields 0.64% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than DHLX?
VYM has a lower expense ratio. VYM led over 1Y. VYM is less concentrated, with 25.9% of the fund in its ten largest positions against 59.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.