DIPS vs VYM
YieldMax Short NVDA Option Income Strategy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DIPS | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.05% | 0.04% | |
| AUM | $7M | $81.6B | |
| Dividend Yield | 63.99% | 2.24% | |
| Holdings | 13 | 616 | |
| YTD Return | -16.40% | +14.95% | |
| 1Y Return | -16.82% | +21.14% | |
| 3Y Return (annualized) | - | +18.69% | |
| 5Y Return (annualized) | - | +12.00% | |
| Volatility (annualized) | 26.9% | 14.6% | |
| Max Drawdown | -59.9% | -58.8% | |
| Fund Family | YieldMax ETF | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 23, 2024 | Nov 10, 2006 |
DIPS vs VYM Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) is a ETF from YieldMax ETF and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DIPS returned -16.82% while VYM returned +21.14%. Year to date, DIPS is down 16.40% versus a gain of 14.95% for VYM.
Risk: Volatility and Drawdowns
DIPS has been the more volatile fund, with annualized monthly volatility of 26.9% compared with 14.6% 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 -59.9% for DIPS 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 -0.12. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DIPS charges 1.05% per year while VYM charges 0.04%. On a $10,000 position that is $105 vs $4 annually, a gap of $101 per year that compounds over a long holding period. On income, DIPS currently yields 63.99% against 2.24% for VYM.
Holdings Overlap
DIPS and VYM share 0 holdings out of 606 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIPS or VYM?
DIPS has an expense ratio of 1.05% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $101 per year of difference.
Which performed better, DIPS or VYM?
Over the past year DIPS returned -16.82% vs +21.14% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -32.64% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, DIPS or VYM?
DIPS has been the more volatile fund at 26.9% annualized versus 14.6% for VYM. Worst drawdown: DIPS -59.9% vs VYM -58.8%.
Should I hold both DIPS and VYM?
DIPS and VYM have a monthly-return correlation of -0.12, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIPS and VYM?
DIPS and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 606 unique securities.
Which pays a higher dividend, DIPS or VYM?
DIPS yields 63.99% while VYM yields 2.24%, so DIPS currently pays the higher dividend yield.
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