DIVG vs VYM
Invesco S&P 500 High Dividend Growers ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. DIVG delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | DIVG | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.04% | |
| AUM | $12M | $81.6B | |
| Dividend Yield | 2.98% | 2.24% | |
| Holdings | 102 | 616 | |
| YTD Return | +18.59% | +14.84% | |
| 1Y Return | +21.41% | +20.88% | |
| 3Y Return (annualized) | - | +18.34% | |
| 5Y Return (annualized) | - | +12.04% | |
| Volatility (annualized) | 11.0% | 14.6% | |
| Max Drawdown | -15.0% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 6, 2023 | Nov 10, 2006 |
DIVG vs VYM Performance
Invesco S&P 500 High Dividend Growers ETF (DIVG) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DIVG returned +21.41% while VYM returned +20.88%. Year to date, DIVG is up 18.59% versus a gain of 14.84% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 11.0% for DIVG. 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 -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 0.90. 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 2.98% against 2.24% for VYM.
Holdings Overlap
DIVG and VYM share 79 holdings out of 624 unique holdings combined, representing a 24.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
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. On a $10,000 investment, that is $35 per year of difference.
Which performed better, DIVG or VYM?
Over the past year DIVG returned +21.41% vs +20.88% for VYM, so DIVG leads on 1-year performance. Over the longest common window we track (3 years), DIVG annualized +19.65% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, DIVG or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.0% for DIVG. Worst drawdown: DIVG -15.0% vs VYM -58.8%.
Should I hold both DIVG and VYM?
DIVG and VYM have a monthly-return correlation of 0.90, 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 DIVG and VYM?
DIVG and VYM share 79 common holdings with a 24.9% weight overlap. Combined, they hold 624 unique securities.
Which pays a higher dividend, DIVG or VYM?
DIVG yields 2.98% while VYM yields 2.24%, so DIVG currently pays the higher dividend yield.
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