DIVN vs VYM
Horizon Dividend Income 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 558 holdings.
Side-by-Side Comparison
| Metric | DIVN | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.04% | |
| AUM | $201M | $79.0B | |
| Dividend Yield | 3.47% | 2.86% | |
| Holdings | 129 | 568 | |
| YTD Return | +13.09% | +15.80% | |
| 1Y Return | +19.58% | +26.12% | |
| 3Y Return (annualized) | - | +18.25% | |
| 5Y Return (annualized) | - | +12.51% | |
| Volatility (annualized) | 9.2% | 14.6% | |
| Max Drawdown | -5.5% | -58.8% | |
| Fund Family | Horizon Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2025 | Nov 10, 2006 |
DIVN vs VYM Performance
Horizon Dividend Income ETF (DIVN) is a ETF from Horizon Funds and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year DIVN returned +19.58% while VYM returned +26.12%. Year to date, DIVN is up 13.09% versus a gain of 15.80% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 9.2% for DIVN. 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 -5.5% for DIVN 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DIVN charges 0.70% per year while VYM charges 0.04%. On a $10,000 position that is $70 vs $4 annually, a gap of $66 per year that compounds over a long holding period. On income, DIVN currently yields 3.47% against 2.86% for VYM.
Holdings Overlap
DIVN and VYM share 101 holdings out of 581 unique holdings combined, representing a 36.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DIVN or VYM?
DIVN has an expense ratio of 0.70% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $66 per year of difference.
Which performed better, DIVN or VYM?
Over the past year DIVN returned +19.58% vs +26.12% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (1 years), DIVN annualized +18.82% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, DIVN or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 9.2% for DIVN. Worst drawdown: DIVN -5.5% vs VYM -58.8%.
Should I hold both DIVN and VYM?
DIVN and VYM have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DIVN and VYM?
DIVN and VYM share 101 common holdings with a 36.5% weight overlap. Combined, they hold 581 unique securities.
Which pays a higher dividend, DIVN or VYM?
DIVN yields 3.47% while VYM yields 2.86%, so DIVN currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.