DIVG vs VYM
Invesco S&P 500 High Dividend Growers ETF vs Vanguard High Dividend Yield ETF
Which is better, DIVG or VYM?
Large Cap Growth against Large Cap Value.
VYM has a lower expense ratio. DIVG led over 1Y and the full window, VYM over 3Y. The two have moved almost in lockstep, correlation 0.91. DIVG is less concentrated, with 20.2% of the fund in its ten largest positions against 25.8%.
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 | DIVG | VYM |
|---|---|---|
| Expense Ratio | 0.39% | 0.04%Best |
| AUM | $12M | $95.8B |
| Dividend Yield | 2.95% | 2.23% |
| Holdings | 205 | 610 |
| YTD Return | +21.24%Best | +14.91% |
| 1Y Return | +25.11%Best | +18.73% |
| 3Y Return (annualized) | +19.07% | +20.11%Best |
| 5Y Return (annualized) | - | +11.36% |
| Volatility (annualized) | 11.8% | 10.7%Best |
| Max Drawdown | -15.0% | -14.5%Best |
| $10,000 over 2.9 years | $16,589Best | $16,492 |
| Top 10 Weight | 20.2%Best | 25.8% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Value |
| Inception | Dec 6, 2023 | Nov 10, 2006 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Dec 6, 2023 to Nov 10, 2026 (2.9 years).
DIVG 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 2.9 years both funds cover.
DIVG vs VYM Performance
Invesco S&P 500 High Dividend Growers ETF (DIVG) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year DIVG returned +25.11% while VYM returned +18.73%. Year to date, DIVG is up 21.24% versus a gain of 14.91% for VYM.
Over three years, DIVG compounded at +19.07% per year against +20.11% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIVG has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 10.7% 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 -15.0% for DIVG 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 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DIVG charges 0.39% per year while VYM charges 0.04%. On a $10,000 position that is $39 vs $4 annually, a gap of $35 per year that compounds over a long holding period. On income, DIVG currently yields 2.95% against 2.23% for VYM.
Holdings Overlap
86.8% of DIVG's money is in holdings VYM also owns. 34.3% of VYM's money is in holdings DIVG also owns.
Most of DIVG is already inside VYM. Owning both mostly buys the same companies twice.
83 positions in common, counted across the 100 positions we hold weights for in DIVG and 602 in VYM, against full books of 205 and 610.
What only one of them owns
Our book lists 494 positions for VYM that do not appear in our book for DIVG (64.3% of the fund), and 17 for DIVG that do not appear in VYM (13.2%).
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 DIVG | Weight in VYM | Difference |
|---|---|---|---|
| JPMJpmorgan Chase | 0.73% | 3.83% | 3.10% |
| HPQHP Inc | 3.18% | 0.11% | 3.07% |
| ABBVAbbvie Inc. | 1.37% | 1.83% | 0.46% |
| UNHUnitedhealth Group, Inc. | 1.40% | 1.42% | 0.02% |
| CVXChevron Corp | 1.20% | 1.54% | 0.34% |
| MOAltria Group Inc | 2.24% | 0.46% | 1.78% |
| PMPhilip Morris International Inc. | 1.41% | 1.18% | 0.23% |
| MRKMerck & Company Inc | 1.05% | 1.47% | 0.42% |
| VZVerizon Communic | 1.61% | 0.84% | 0.77% |
| PGProcter & Gamble Company | 1.05% | 1.36% | 0.31% |
86.8% of DIVG 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, DIVG or VYM?
DIVG has an expense ratio of 0.39% while VYM charges 0.04%. VYM is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, DIVG or VYM?
Over the past year DIVG returned +25.11% vs +18.73% for VYM, so DIVG leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIVG or VYM?
DIVG has been the more volatile fund at 11.8% annualized versus 10.7% for VYM. Worst drawdown: DIVG -15.0% vs VYM -14.5%.
Should I hold both DIVG and VYM?
DIVG and VYM have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DIVG and VYM?
86.8% of DIVG's money is in holdings VYM also owns. 34.3% of VYM's is in holdings DIVG also owns. They hold 83 positions in common, counted across the 100 positions we hold weights for in DIVG and 602 in VYM.
Which pays a higher dividend, DIVG or VYM?
DIVG yields 2.95% while VYM yields 2.23%, so DIVG currently pays the higher dividend yield.
Is VYM better than DIVG?
VYM has a lower expense ratio. DIVG led over 1Y and the full window, VYM over 3Y. The two have moved almost in lockstep, correlation 0.91. DIVG is less concentrated, with 20.2% of the fund in its ten largest positions against 25.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.